What Features Of The Smart Card Make It Stand Out?

The fact that blockchain and cryptocurrencies are becoming mainstream is also evident by the success of the AutoBlock. AutoBlock has succeeded in delivering a p2p platform for buying and selling cars, where the mode of transaction is in cryptocurrency. This cryptocurrency, known as the AutoCoin, was made specifically for the automotive industry.

Rather than merely storing your AutoCoin on a digital wallet, the smart card will enable you to store them in a physical card. You can take this card where ever you go. This might pave the way for the cryptocurrency to be accepted in various facets of life. After all, it means that you can use the cryptocurrency just like you use your fiat currency, i.e., by swiping your card.

Rather than merely being usable in your locality, you can use the smart card where ever you go. The country or city you are in doesn’t matter; you can use your AutoCoin payment card to carry out transactions. You don’t need to worry about the prevailing exchange rates in the country you are visiting. Even if you need to convert your cryptocurrency to fiat, you can do so without going through the process of looking for a forex exchange.

Previously, you could only use the AutoCoin when buying or selling cars. However, this smart card has dramatically improved the functionality of the AutoCoin. Now, you can use it to repay loans, pay your monthly installments when opting for a lease or pay for vehicle repair. The AutoBlock envisions a time when the payment card can be used for other automobile related transactions as well, including buying fuel and paying for auto loans.

What’s the difference between a normal debit card and a cryptocurrency based smart card? Well, in the former, you can only get one type of fiat currency. For instance, if you have an account in an American bank and have deposited dollars in your account, your debit card would only allow you to withdraw dollars. However, in this smart card, you can withdraw different types of fiat currencies. This includes USD, GBP, and EUR.

Conclusion

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