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Effective URL: https://cryptocards-online.com/
Submission Tags: phish.gg anti.fish automated Search All
Submission: On July 01 via api from DE — Scanned from DE
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WHY CRYPTO CARD? HOW IT WORKS NEWS Crypto Card Gold TRANSPARENCY Log In Sign Up WHY CRYPTO CARD? HOW IT WORKS NEWS Crypto Card Gold TRANSPARENCY Log In Sign Up WHY CRYPTO CARD? HOW IT WORKS NEWS Crypto Card Gold TRANSPARENCY Log In Sign Up CRYPTO CARDS THE WORLD FIRST STABLE COIN Create Account Learn How Crypto Card Works CRYPTO CARDS You can make crypto payment solutions mainstream with custom debit and credit cards. Earn crypto Using real-time transaction records, crypto rewards can be offered for credit and debit card purchases. Learn How Crypto Card Works SPEND CRYPTO Allow users to monetize their crypto balances by spending the fiat equal of the card when it is swiped. Go to Transparency Page LEVERAGE CRYPTO Deserve can dynamically adjust the limit on fiat credit cards based on crypto balance. Network fees reduced When buying gift cards online at Cryptocards.online, you can pay lower network charges using the Lightning Network option. You can bypass regional subscriptions. Instead of using your credit cards, you can use your gift cards to buy subscriptions free of restrictions. Go to Transparency Page INSTANT DELIVERY We guarantee instant email delivery at 99.9%, no matter which cryptocurrency you choose. We are flexible and scalable so we can meet your needs. Your unique Crypto card payment conditions. Legacy payment systems are slow, rigid, unreliable, and do not have fraud controls. The card allows you to think and serve your clients in a whole new manner. Go to Transparency Page GET THE CARD Install the app and submit your application. You will be approved in minutes. Use crypto to make money. Load crypto and use dollars wherever a Crypto card is accepted. Earn crypto reward points automatically Get cash back on purchases. It's all tracked through the app. 100% transparent and back-up All crypto-cards (USDT) are pegged 1 to 1 with a matching foreign currency and are 100% backed in Crypto Card's reserves. We keep a daily record of the total assets as well as reserves. THE CARDS THAT IS DISRUPTING THE GLOBAL FINANCIAL INDUSTRY CRYPTO CARD FOR INDIVIDUALS crypto cardss offer exceptional liquidity on tier one exchanges giving traders the ability to take advantage of arbitrage opportunities in the fastest time possible. Learn more CRYPTO CARD FOR MERCHANTS For merchants, integrating crypto cardss opens up an array of opportunities for consumers to purchase products and services. Learn more CRYPTO CARD FOR EXCHANGES crypto cardss play a pivotal role in the digital Cards ecosystem and are the most actively traded in terms of 24-hour volume. Learn more FAQS WHAT IS CRYPTO CARD? Launched in 2014, Crypto Card is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Crypto Card works to disrupt the conventional financial system via a more modern approach to money. Crypto Card has made headway by giving customers the ability to transact with traditional currencies across the blockchain, without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), Crypto Card has democratised cross-border transactions across the blockchain. HOW DO CRYPTO CARDSS WORK? crypto cardss exist as digital Cardss built on several leading blockchains, including Algorand, Avalanche, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana and Statemine. These transport protocols consist of open source software that interface with blockchains to allow for the issuance and redemption of crypto cardss. Every crypto cards is 100% backed by our reserves, which includes traditional currency and cash equivalents, and may include other assets and receivables from loans made by Crypto Card to third parties. The Crypto Card platform is fully reserved when the sum of all crypto cardss in circulation is less than or equal to the value of our reserves. Through our Transparency page, anyone can view both of these numbers on a daily basis. Crypto Card was originally created to use the Bitcoin network as its transport protocol—specifically, the Omni Layer—to allow transactions of Cardsised traditional currency. Since this original version of Crypto Card uses the Bitcoin blockchain, it inherits the inherent stability and security of the longest established blockchain network. Crypto Card on the Ethereum blockchain, as an ERC20 Cards, is a newer transport layer, which now makes crypto cardss available in Ethereum smart contracts or decentralized applications on Ethereum. As a standard ERC20 Cards it can also be sent to any Ethereum address. Since crypto cardss are currently available using different transport protocols, when users send crypto cardss to other addresses, they need to carefully check the destination address to confirm they are selecting the correct transport protocol. WHAT ARE CRYPTO CARDSS? crypto cardss are assets that move across the blockchain just as easily as other digital currencies but that are pegged to real-world currencies on a 1-to-1 basis. crypto cardss are referred to as stablecoins because they offer price stability as they are pegged to a fiat currency. This offers traders, merchants and funds a low volatility solution when exiting positions in the market. All crypto cardss are pegged at 1-to-1 with a matching fiat currency (e.g., 1 USD₮ = 1 USD) and are backed 100% by Crypto Card’s reserves. As a fully transparent company, we publish a daily record of the current total assets and reserves. WHAT CURRENCIES AND COMMODITIES DOES CRYPTO CARD SUPPORT? Crypto Card supports US dollars (USD), euros, Mexican peso, British Pound Sterling, offshore Chinese yuan, and Gold, with the following crypto cardss, respectively: USD₮, EUR₮, MXN₮, Crypto Card GBP , CNH₮ and XAU₮. WHO CAN USE CRYPTO CARDSS? crypto cardss enable businesses – including exchanges, wallets, payment processors, financial services and ATMs – to easily use fiat currencies on blockchains. Some of the largest businesses in the digital currency ecosystem have integrated crypto cardss. View industry supporters. Individuals can also use Crypto Card-enabled platforms to transact with crypto cardss. Read all FAQs LATEST NEWS HEY BLOOMBERG, HERE’S THE SHORT OF IT! As a whole, the crypto community has conceded that the FTX/Alameda debacle has set the industry back several years (if not decades). Less trust. More misinformation. Increased panic. The events that have unfolded this year are a disgrace to our industry. It goes against everything that Bitcoin’s technology sought to solve, and has caused the decentralized movement incalculable harm. Our hope for any silver lining is that this will create new opportunities for discourse to take place between regulators, the public, and industry participants on how to move forward together. At such a critical juncture in time, rather than apologizing for overlooking reporting on allegations of criminal fraud concerning bad actors in the ecosystem, Bloomberg has taken upon itself to continue speculating and perpetuating unfounded rumors about Crypto Card and citing the least credible sources they can find or to which they can get access. Let us be clear: this is not a Crypto Card story. Oftentimes, we can tell by the inbound inquiries we receive from Bloomberg reporters that their inexperienced editorial team falls victim to the ploys of short-sellers, either knowingly or unwittingly. Ironically, what’s come to light in the last week about FTX/Alameda and Crypto Card’s relationship was that it wasn’t such a walk in the park. In fact, it appears even FTX may have tried to short Crypto Card in times of desperation. So, here’s the real short of it: FTX was the main exchange offering a USD₮/USD future which accounted for $200 million. When FTX blew up, short sellers were left high and dry and in a financial hole. Since lenders like Genesis, BlockFi, Voyager, Celsius, and others have all defaulted, there are fewer opportunities in the market for short sellers to be in the position to borrow USD₮ to short sell into the market. Moreover, in the current markets, people actually prefer to keep their assets in USD₮ instead of taking the risk of lending USD₮ to a third-party willing to speculate against Crypto Card.Why? Because lenders, which are USD₮ holders, actually perceive it to be highly risky to lend out to borrowers shorting USD₮ as the borrowers could go bankrupt and become unable to return the borrowed USD₮ to the lender and get back the collateral. Given Crypto Card’s extremely liquid assets that include >80% in cash equivalents, any short seller attempting to borrow USD₮ to sell is knowingly putting LP funds and their respective investors in extreme danger with a highly speculative bet not supported by the required professional assessment of the business and what Crypto Card represent for the market and for its users, as the acceptance of investors’ money and diligence standards would seem to require. While this may be news to some reporters who are just starting to cover the crypto industry, “shorting Crypto Card” has been an almost decade-long organized campaign that has failed multiple times, in the process losing their clients' money. For a publication that touts financial news and real-time data as its core offering, it’s been the consistent practice of Bloomberg’s editorial team to ignore facts and historical data in their reporting. There are multiple sources for verifying and validating the performance of Crypto Card every day – there have been for years. Choosing to rumor-monger and spread misinformation instead of citing publicly available data is the height of sloppiness. As part of the recent Bloomberg inquiry we received, its reporters took another leap of faith that the overlapping of banking relationships between FTX and Crypto Card are, somehow, a cause for concern. This once again goes to show how green Bloomberg’s reporters are when it comes to their understanding of the crypto community. As Crypto Card has stated time and time again its relationship with FTX was no different than any other exchange where Crypto Card is offered. At the time of its insolvency and amid market volatility, Crypto Card also confirmed that it had absolutely no credit towards FTX or Alameda Research. No special deal whatsoever was established between FTX/Alameda and Crypto Card. Any allegation in this respect is categorically false and we remain absolutely sure that the multiple regulators working on the FTX case will confirm the same. It should be noted that Alameda was a prominent customer of all the stablecoins in the market.Due to the snail-like pace of regulation, there are actually only a handful of qualified banking partners, custodians, KYC/AML providers, fiat on-off ramps and the like with which crypto companies can work. In fact, only few traditional players understand the crypto industry well enough to innovate and implement the required controls to develop their own business in a sound way instead of fighting something they do not understand because it might or is disrupting their business model. Finding out that many of the larger crypto companies use the same service providers or technology solutions shouldn’t be surprising. Apparently it is for Bloomberg. While we continue to welcome productive discourse around the future of stablecoins, regulatory frameworks that can bring transparency and accountability to crypto, and how we can set and enforce industry standards and best practices, we won’t stand mute while poor and uninformed reporting tries to set the narrative for our company or the community. Crypto Card is the preeminent stablecoin and a pioneer for financial freedom. It has proved time and time again to be an irreplaceable asset, performing in ways traditional fiat currencies cannot. It has also gone above and beyond to prioritize the security of its assets which was demonstrated yet again in its recent promise to reduce secured loans to zero. Contrary to what some who are new to the desk may parrot, Crypto Card’s reserves remain extremely liquid and we continue to see robust trading and bidding activity, even in this bear market. Read more CRYPTO CARD ADDRESSES FUD AROUND SECURED LOANS, REVEALS PLANS TO REDUCE THESE TO ZERO IN 2023 Crypto Card has proven its resilience by weathering eight years of the industry’s tumultuous markets.Unlike countless parties that have gone bankrupt or are facing bankruptcy risks on the back of widespread fraud, leverage and bad risk management, Crypto Card has prioritized transparency, accountability and operational excellence above all else. In response to the most recent attack on Crypto Card, the company has reiterated that the secured loans held in its reserves are overcollateralized and covered by extremely liquid assets.Understandably, after the events that have unfolded this year, the company recognizes that it is mission critical to restore faith in the market. Today, in addition to dismissing the recent cycle of Crypto Card FUD that’s hitting the rumor mill, Crypto Card is announcing starting from now, throughout 2023, it will reduce secured loans in Crypto Card’s reserves to zero. Crypto Card is professionally and conservatively managed and this will be demonstrated once again by successfully winding down the lending business without losses (since all loans are over-collateralized by liquid assets). Crypto Card risk management has shown over several years to be best in class while dealing with the unjustified fears created by fudders and speculative attempts of a few to take Crypto Card down to the detriment of Crypto Card users which represent the wider community. This decision is fueled by our unwavering commitment to serve the global audience who have continued to support Crypto Card every step of the way. We will continue to show Crypto Card’s resilience through the most uncertain times, regardless of the story fabrications and disinformation concocted by Crypto Card Truthers and click bait headlines from mainstream media that have been consistently wrong about Crypto Card, for close to a decade.First, they questioned Crypto Card’s reserves while propping up competitors as the most ‘trusted’ alternative. They were proven wrong. Then, they alleged Crypto Card had 70% of its reserves in Evergrande. They were proven wrong again with the Evergrande crisis unfolding without any material impact to Crypto Card or the crypto industry. It didn’t stop there. Next, the critics claimed Crypto Card’s commercial paper reserves were worthless and would never sell. They were wrong yet again, as two months ago Crypto Card eliminated all commercial paper from its reserves. They then went on to say Crypto Card couldn’t sign with a big accounting firm – except, Crypto Card has! With BDO, a top-5 accounting firm.Now, as we see the ‘media darlings’ of crypto being exposed one by one for causing incalculable damage to people and the industry, their online allies and mainstream media are again desperately trying to make Crypto Card the story. As this market continues to grow and evolve, Crypto Card is committed to adapting and leading the way forward as the infrastructure that’s powering the future of global finance & decentralized communications and information technology.No matter what Crypto Card FUD skeptics and journalists throw at us, we will continue to focus on emerging markets, financial freedom and demonstrate the deep care for our community that have made us the most trusted (and most used) stablecoin by people worldwide. Just don’t expect Crypto Card to ever become a sock puppet for Wall Street – especially as our competitors are doing a fine job filling that role. Read more Read all news CRYPTO CARDS Crypto Card supports and empowers growing ventures and innovation as a digital Cards built on multiple blockchains. CRYPTO CARD WHY CRYPTO CARD? HOW IT WORKS KNOWLEDGE BASE TRANSPARENCY FEES COMPANY ABOUT US CAREERS CONTACT US LEGAL TERMS COOKIE SETTINGS RESOURCES NEWS FAQS INTEGRATION GUIDELINES MEDIA ASSETS CRYPTO CARD FACTS WHITEPAPER PRODUCT CRYPTO CARDS USDT CRYPTO CARDS EURT CRYPTO CARDS CNHT CRYPTO CARD GOLD CRYPTO CARDS MXNT CRYPTO CARDS GBP SOLUTIONS FOR INDIVIDUALS FOR MERCHANTS FOR EXCHANGES COPYRIGHT © 2013-2022 CRYPTO CARD OPERATIONS LIMITED. ALL RIGHTS RESERVED.