The concept behind the fully integrated BlueDiamond debit card is that it will be easy to load given its direct connection to the TokenPay digital wallets. Therefore, spending can be done virtually or at any point-of-sale merchant either online or in person. Additionally, the international debit card allows instant access to multi-currency funds at network automated teller machines. Transparent pricing and low fees make the BlueDiamond debit card a very attractive mechanism for cashing out digital tokens to enable hard asset purchases.
A user’s digital tokens like TPAY or Bitcoin can be accessed whenever needed thanks to the closed-end real-time private exchange that will be part of the TokenPay banking platform. Accordingly, there is no need for the user to have to convert exact quantities of digital tokens to conduct a fiat transaction.
This will allow TokenPay clients the ability to maintain unfettered access to cash at thousands of automated teller machines worldwide and millions of physical and online merchants.
It is important to note that the Mastercard logo on the BlueDiamond card rendering is the intellectual property of Mastercard International. Furthermore, TokenPay does not have any deal currently in place with Mastercard or any other credit or debit card provider. The intention is that TokenPay will enter into a card services relationship with either Mastercard or Visa. TokenPay intends to aggressively pursue opportunities to directly engage in a business relationship with a major debit card provider.
TokenPay BlueDiamond Cardholder Benefits