Ternio, a U.S.-based blockchain firm, announced on Tuesday the introduction of the rewards program on BlockCard. According to Ternio, BlockCard users will be entitled to earn 6.38% back in cryptocurrency on all BlockCard purchases. As previously reported, BlockCard is a debit card that enables the cardholder to spend the value of their cryptocurrency with the same ease as traditional credit cards. The card may be used online or in physical store locations, anywhere in the world major credit cards are accepted.
The program allows BlockCard to have no “ceiling” on the rewards and the rewards are automatically distributed to BlockCard accounts each month.
“Rewards can then be used instantly on BlockCard at over 53 million merchants worldwide. All point-of-sale purchases are entitled to rewards, with no limitations and no hoops to jump through to use the rewards. Gas, groceries, mobile phone bills, and more all qualify.”
Ian Kane, Co-Founder at Ternio, stated that the program will “raise some eyebrows” inside the crypto community and is another step towards driving mass adoption of cryptocurrency to people on the sidelines.
Founded in 2017, Ternio provides a highly scalable blockchain framework called Lexicon to enterprise business clients. According to Ternio, Lexicon is independently verified at over 1 million transactions per second, all on chain.
“Ternio brings transparency to programmatic digital advertising with its Lexicon framework. Lexicon is the only scalable blockchain solution for programmatic digital advertising – capable of supporting over 1 million transactions per second. Existing companies in the ad supply chain use Lexicon to verify users, instantly pay publishers, and protect advertisers from ad fraud.”