Skip to main content

Emily-An ATM card Accepts Crypto And Fiat deposit Top Ups Used in ATM Machines and Stores Worldwide

A payment platform is offering a new prepaid card that can be used at ATMs, stores and websites worldwide — and topped up via bank transfers or cryptocurrency.
Embily is the brainchild of Singaporean company Blockchain International Group. Co-branded with Mastercard and UnionPay, card owners can top up using a plethora of digital currencies, including Bitcoin, Ethereum and Litecoin. the desired/selected Cryptocurrency is automatically converted into cash, giving the user freedom to make withdrawals at cash machines and make purchases at any point of sale terminal. The company adds it is focused on supplying business-to-business solutions to customers worldwide.
The team says extensive tests have been performed to ensure that its infrastructure is working correctly. One recent experiment saw 1 BTC (worth about $8,500 at the time of writing) loaded onto the card. Footage posted on YouTube appeared to show that the funds had successfully arrived and were available to spend in Singapore dollars. Other videos have shown the card working successfully in fast-food restaurants, and being used to purchase mobile phone data online.

Why Embily?

Embily’s founder, Alexander Bychkov, has said that one of his main motivations is ensuring that digital currencies such as Bitcoin can be used easily in everyday life. Some payment processing providers do allow merchants to accept crypto at the checkout, but this can be inconvenient for consumers who have to do plenty of research to track down these places. By offering instantaneous conversions and integrating into existing payment infrastructure, Bychkov hopes to remove this friction.
The company also argues that far fewer people are using Bitcoin to buy goods and services than most crypto enthusiasts believe. Despite the fact that there are more than 7.7 billion people living on Earth according to the most current estimates, a recent study by the analytics firm Chainalysis found that just 1.3% of transactions came from merchants between January and April 2019.
Embily hopes to help build these circulation figures higher — emboldening crypto enthusiasts to buy dinner, pay for their parking and purchase in-game extras with ease. Its infrastructure is being offered on a white-label basis, meaning that the underlying technology can be used by crypto businesses that want to expand their reach and make life more convenient for their user base. Wallets and exchanges are listed among the types of platforms who could benefit.
Over time, this could help cryptocurrencies like Bitcoin make the transition from being regarded as a store of value to a means of exchange. It could also help demystify coins and tokens in the eyes of the public, who often regard digital currencies as complicated and high-risk. If the process of topping up and spending crypto is as simple as making a deposit in a bank, it could remove a barrier to entry that has been holding millions of people back — and even help regulators, including those who believe that BTC and ETH aren’t real currencies, begin to appreciate their value and place in society and get to see reasons why bitcoin is considered to be more reliable and facilitates easier transaction activities across industries.

Available For Everyone, Globally

Embily began life in Dubai back in June 2017, and another office in Bangkok was opened three months later. From late 2018 the company open its headquarters in Singapore and now operates there. The team includes finance professionals, experienced digital marketers and veteran developers. With staff from around the world and a diverse range of backgrounds, the company says it is international in outlook and determined to give clients the best service possible.
what else could we ask for in the space than what Embily is currently doing and we anticipate their service will be able to cut across borders in real time as soon as possible


Popular posts from this blog

  Pick a niche The Blockchain and Crypto space is large and full of opportunities. Most people limit the industry to just a place to trade and make quick cash little do they know that you can actually build a career and achieve much more. There's a lot of skills required in blockchain technology. Firstly, you can become a trader, a day time trader or night trade it all depends on your schedule. You can actually make 10 to 20% of your capital daily or even more depending on the volume of your capital and trading strategy. you can become an investor who spots good coins and invests in a project you believe will do well, you can hodl, meaning you can buy and hold for short or long term period.  OTC trading is actually underrated, you can become an over the counter trader by just buying and selling cryptocurrency through the P2P Platforms or escrow groups, there's a lot of money to be made here if you move volumes on a daily. You can become an expert in technical analysis and give
WHAT YOU NEED TO KNOW ABOUT  NON FUNGIBLE TOKENS NFTs (or "non-fungible tokens") are a kind of digital asset with a unique kind of token-unlike other assets like bitcoin and dollar bills which have a particular and fixed amount that is accepted by all, NTFS have a unique price for every token. Every NFT is Unique, they can be used to authenticate ownership of digital assets like musical records, artwork, virtual real estates and pets. NFTs could be likened to a kind of certificate of authenticity for digital artefacts. They're are actually been used to sell a huge range of collectables currently including: *A tweet by Dallas Mavericks owner and entrepreneur Mark Cuban. *Video art by Grimes *The Original "Nyan cat" meme *Virtual real Estate in a place called Decentraland  and others...   As other digital assets like Bitcoin and other cryptos has grown in popularity over the years, NFTs have also soared — growing to an estimated $338 million in 2020. Each NFT is s

Understanding Tokens And Coins

WHAT ARE COINS AND TOKENS In cryptocurrency, coins are native to their own blockchain, Which are often used as money. whilst tokens have been built on another blockchain like Ethereum or waves. Entering the cryptocurrency market can be complicated, hearing about bitcoin and a thousand other coins that exist could also be a strong bone to swallow at a time. Thus in other to have a smooth ride in the space, first identify the difference between a coin and a token. what is a coin? : Coins refer to any cryptocurrency that has an independent blockchain-like bitcoin. These cryptocurrencies are built from the scratch. Bitcoin exists as a censorship-resistant store of value, and medium of exchange that has a secure, fixed monetary policy. Making bitcoin the most liquid cryptocurrency in the market and has the highest market cap in the cryptocurrency sector. Ethereum is another example of a coin, ETH is the native coin of the Ethereum ecosystem and smart contract platform for creating general-