At the moment, Asia seems to be the hottest playing field for blockchain related technology. Recently Thailand has granted “crypto businesses digital asset licenses” to several companies. Additionally, Biser, a blockchain social app is set to introduce the first cryptocurrency credit card in China. The firm has just recently signed a deal with a Chinese bank to introduce the nation’s first cryptocurrency credit cards.
A decentralized blockchain entity, Biser is originally a social app. But it also provides its users the possibility to make payments on its platform. Through this partnership, Biser will facilitate safe, transparent, and low payment transactions.
Furthermore, Biser aspires to make crypto a daily method of payment. the company has an integrated digital wallet that gives users the ability to deposit digital currencies for payment of goods, services, and others.
The social app system is fully decentralized guaranteeing its users privacy, safety and transparency through a network of peer to peer nodes with no central server. Payments or transfers made through Biser are anonymous assuring clients’ funds and wallets safety. Transactions are made through Ethereum’s smart contracts system to ensure that there will be zero possibility of interception of user correspondence.
When incorporated, the agreement will allow any Biser token holder the ability to purchase anything using digital currencies across establishments that support UnionPay Card or Mastercard.
Biser token or Bisercoin is a relatively new digital currency, introduced late last year after Biser’s successful ICO campaign. The campaign aim was to find financial support for the Biser social app development. The campaign raised around 6 million in digital currency. Through their newfound partnership, Bisercoin is set to play a key role in vulgarizing cryptocurrency credit cards in China.
More about Cryptocurrency Credit cards
Unlike your typical credit card, crypto credit cards are used to carry digital currencies, providing a decentralized and safer way for its holder to purchase goods and services.
As the trend of digital currencies purchase keeps growing, the implementation of cryptocurrency credit cards in our day-to-day mode of payments is imminent.
For a real user experience using digital credit cards check this video: https://www.youtube.com/watch?v=x2vN-oKXQrg