The price of Groestlcoin [GRS] is still trading in the green zone following the launch of its debit card backed by Mastercard last week.
Groestlcoin is a blockchain that was developed in 2014, which focuses on technological advancements. The GSR coin is a privacy-oriented, fast, and secure cryptocurrency that has a very minimal transaction fee. The cryptocurrency is currently listed on numerous exchanges including Binance, Upbit, Huobi, Bittrex, Cryptopia, Changelly, and many others.
Groestlcoin launches its crypto debit card
Groestlcoin announced last week that it had launched a debit card backed by MasterCard. According to the official announcement, users with the debit card can use it to pay for goods and services across retail and online shops that accept MasterCards. Users can also withdraw their GSR coin as fiat currency at any ATM that accepts MasterCard, the team added.
The company partnered with PolisWallet to achieve this latest milestone, with Groestlcoin stating that “The goal of the PolisPay debit card is to allow any user to spend Groestlcoin, Bitcoin, or other digital currency as easily as you would using fiat currency.”
In March last year, the GSR coin was integrated into the PolisPay payment platform with the hope of promoting the use of the cryptocurrency in real-world scenarios.
With the addition of the cryptocurrency on the platform, merchants would receive payment in fiat currencies while the users would be charged in Groestlcoin from their balance on the PolisWallet.
With the PolisPay app, users can be able to manage their card on the go. They could be able to top up their card balance in a swipe from the PolisWallet and get detailed information on all transactions carried out with the cryptocurrency.
Groestlcoin claims that the PolisPay MasterCard is one of the fastest and easiest ways to turn the GSR coin into fiat currency and carry out transactions on multiple platforms across the globe.
Following the announcement on March 11th, 2019, the price of GSR surged by over 200% in a day. It was trading at $0.23 per coin on March 11th but went up to reach $0.47 the following day. It has continued its gradual ascension over the past week and is now trading close to the $0.50 mark. The total market value has also risen significantly over the past few days, from $17 million to now stand at $35 million.
Changpeng Zhao, the CEO of Binance hailed the partnership between Groestlcoin and PolisPay, describing it as crucial in the journey towards crypto adoption.
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