The global financial markets are broken. For all of recent history, our livelihoods have been beholden to the economics of a financial market that does not have the best interest of consumers at heart. The current financial system is centralized. This means that a small number of central power structures govern the policies, politics, prices, and fees of the worldwide economy. The Federal Reserve, World Bank, big banks and virtually all major international financial institutions have created a broken system that steers wealth from the middle class into the coffers of big corporations.

Despite trillions of dollars that make up the flow of the global financial system, simply by moving money, money quickly finds it’s way in the pockets of governments and corporations. In recent years, more than any other time in history, consumers are beholden to the imbalances and inequities of the financial markets around them.

Swipe a card? Pay a fee. Withdraw cash? Pay a fee. Send a wire? Pay a fee. Exchange Currency? Pay a fee. This broken financial system has undermined the lives of working and middle class citizens around the world, destroyed families and collapsed entire economies. Leading economists have shown that these economic issues are primarily caused by political agendas that prevent the free market from fair competition, which impedes the natural allocation of resources.

Today, this all changes.

Introducing TokenCard. TokenCard connects your contract wallet to the VISA® network. This enables online payments, PoS transactions and ATM withdrawals, using cryptocurrency and tokens, not cash stored in banks held by corporations.

TokenCard is based on Ethereum. Much like Bitcoin, Ethereum is a distributed software based on blockchain technology. Ethereum, however, allows developers to build and deploy decentralized applications that have powerful use-cases. To date, TokenCard is perhaps the single best shining example of how this benefits consumers.

“TokenCard is a beautifully designed medium through which normal businesses can accept cryptocurrency, thereby making it much easier to spend it and allowing it to integrate into the world of commerce much quicker.” said TokenCard follower, Sean McCaffery

TokenCard is an Ethereum project

Ethereum is similar to Bitcoin. But Bitcoin and Ethereum differ in capability, and that difference in capability stands out when you look at the power of the applications getting built on the Ethereum network. For example, Bitcoin offers one application, a peer to peer electronic cash system that enables online Bitcoin payments. The Ethereum blockchain focuses on running the programming code of any decentralized application.

TokenCard makes use of the decentralized nature of Ethereum. When one purchases Ethereum or Ethereum based projects, they can now spend the value of these assets at any Visa terminal. Put another way, people no longer need to store funds in corporations. They can store funds without the help of central financial institutions. TokenCard completes the vision that Bitcoin intended to create.

Welcome to the post bank era.

The Post Bank Era is here. The Token Card mobile App eliminates any need for a traditional bank account. You can manage your tokens, review spending activity, and make & request payments all through the app.

TokenCard provides unprecented level of access to your wallet (your funds). You can safely interact with the contract wallet that stores your Ethereum and funds. This means you can now create innovative spending options based on different parameters and curate your security profile to fit your lifestyle.

Information is also more clear. Whenever a user swipes his or her card, a transaction entry will simultaneously appear in his Token App displaying business name, establishment type, amount spent (local fiat amount and token), and transaction location using Google Maps API.

So what does this all mean?

This is a major step forward for people worldwide.

"Everyone is waiting for cryptocurrencies to be usable by the mainstream. With TokenCard, this may finally happen." Phil Kurtland, Blockchain Investor

In simple terms, this changes the way we use money. TokenCard allows everyday consumers to spend their Ethereum and ERC20 tokens at VISA® terminals, which are present in virtually every country around the world. You can buy groceries in DGX, ETH, DAI or any other ERC20 token.

“The ability to use a card for daily transactions anywhere in the world without having to convert in and out of fiat currencies is something this Digital Nomad is VERY excited about!” said Griff Green of Giveth.io.

You never have to deposit your funds into TokenCard or worry about overdrafts ever. Your tokens are secured inside a contract wallet you control. Allowances to enable TokenCard payments are set by you and can be modified or even revoked at any time by you.

Security is top of mind. Traditionally, users are forced to make sacrifices in functionality to gain security, or security for functionality. With TokenCard there is no trade-off. You retain the security and control of a contract wallet while gaining the utility of a global payments network.

Looking forward

The crowd sale of TokenCard is occurring today. Anyone that seeks to learn more should visit the official TokenCard website and watch the video below.