- Investors will now be able to use a credit card linked to their Axion crypto accounts .
- The Visa Connect credit card is the first cryptocurrency card to offer credit to cardholders.
Since entering the crypto market, Axion Network is here to change the way cryptocurrency investing is done. The Axion token uses smart contracts to deliver predictable returns to investors based on a scenario with similarities to traditional certificates of deposit. To achieve its goals, the Axion network has aligned several products to revolutionize crypto investing.
One of the upcoming products is the Visa Axion Connect credit card.
What is the Visa Axion connect credit card?
Investors will now be able to use a credit card linked to their Axion crypto accounts. With the card, investors can make transactions just like through a regular bank. The card makes Axion one of the th The limited number of currencies available on the Connect Visa credit card . This partnership means that shareholders will be able to guarantee their card with AXN and in the process effectively remove AXN from the supply in circulation.
How will Axion 's connect credit card work?
The Visa Connect credit card is the first target crypto-currency card which offers credit to cardholders. The solution ensures that cardholders can leave their assets intact as they benefit from Connect's credit offerings. Investors will be able to deposit Axion tokens which will extend a line of credit based on a percentage of the asset value.
Thanks to the card, cardholders pay their balance in fiat or crypto. Yous can also liquidate your crypto when you choose and withdraw in fiat or crypto. By using company profits to make token redemptions and build liquidity pools, Connect maintains deep liquidity for all members. Unlike other competitors, wagering rewards simply accumulate until the holders withdraw them.
Owning and staking Connect tokens like AXN allows investors to access higher levels of income with their Visa crypto credit cards. Compared to other existing cryptocurrency cards, the Connect Card is a true Visa credit card with two important advantages over credit cards.prepaid debit. It allows cardholders to spend using credit and use it for pre-authorized transactions, such as hotels, gas stations, or pay-per-view payments. click on the. With the Connect card, you can:
- Check your funding sources
- Manage both fiat currency and crypto
- Increase your purchasing power up to 180%
- Continuously benefit from any increase in the value of your favorite digital asset
When you load your cryptocurrency as Axion as collateral, Connect extends a line of credit to customers based on a percentage of its value. This feature helps customers spend while keeping their digital assets intact. Investors can never lose by having to liquidate it early.
How secure is the Axion credit card?
Since it suffered the launch hack, the Axion network has been keen to guarantee the security of its funds investors. The team understands that strong security measures help attract more investors. Axion has therefore joined forces with other players by emphasizing greater security. The Visa Axion Connect credit card is no exception as it has some of the most robust security features around.
The card has institutional level cryptographic custody because ituses a state-of-the-art cold room. Storage is protected by the ultimate in physical and technological security. Your AXN tokens are safe as any unauthorized access is prohibited as you will need the correct credentials such as biometric authorization.
In addition, the Connect card offers the best data security in the industry. Personal information is essential and must be protected as a matter of fact Connect Financial understands. Personal data is never stored on Connect servers to minimize the chances of employee access. Connect has partnered with a PCI DSS Level 1 compliant data site to secure customer information. In addition, all assets up to $ 100 million per account are insured, which means there is a guarantee in case of theft. Finally, all Axion tokens will be subject to ae full support for the hardware portfolio.
When will the card be available?
The Axion Connect visa credit card will be available from the end of January 2021. The list of CNFI tokens was posted on Uniswap as of January 1, 2021. Connect launched the CNFI token with an exclusive pre-sale to Axion OG-5555 stakers with a significant reduction for all other presale participants. CNFI tokens were offered to the OG-5555 at a market cap of $ 4.5 million ($ 0.075 per token), with a regular presale market cap of $ 6 million ($ 0.10 per token). ). Interestingly, there is no blocking period.
The cryptocurrency market has in the past seen a surge of debit cards . However, these cards did not live up to expectations as they have minimal or no additional advantages over traditional cards. The Visa Axion Connect credit card is revolutionary for crypto investors. It is worth giving it a try as it offers a unique way to manage assets. In addition, the security measures put in place by Connect are a guarantee that your funds will be safe.