30s Summary

TokenPocket, a crypto wallet, is partnering with Fiat24, a Swiss-regulated Web3 banking platform, to simplify real-world cryptocurrency transactions. The collaboration will allow users to use the TP Card for regular purchases, turning digital currencies into cash. The card is currently available in 32 European countries and will be extended to the Asia-Pacific region by the end of 2024. Fiat24 also offers ‘tokenized deposits’, equivalent to ERC-20 tokens, and uses unique ERC-721 non-fungible tokens for client identification. The venture bridges the gap between crypto and physical transactions and promotes the adoption of Web3 payments.

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TokenPocket, a popular crypto wallet, is teaming up with Fiat24, a Swiss-regulated Web3 banking platform. This is great news for the over 600 million crypto owners worldwide, because while boasting your crypto coins is cool, spending them isn’t.

Cashing in your digital coins for stuff like your morning coffee or groceries is currently a bit of a headache. You’ve got to deal with exchange fees, slow processing times, and other frustrating steps. This lack of simple, real-world spending options has been a big roadblock to people fully embracing cryptos.

Enter TokenPocket. This versatile, self-custodial wallet lets you easily use digital currencies, like Ethereum and BNB Chain, and even works with non-Ethereum systems like Bitcoin. You’ve got complete control of your money with secure recovery phrases and private keys.

TokenPocket’s platform includes a mobile wallet, Chrome extension wallet and even a hardware wallet. Easy access to over 1,000 networks and tons of decentralized applications (DApps) means it’s perfect for the everyday user. 25 million+ people are already using the service across 200 countries.

Add into the mix Fiat24, a Swiss-regulated banking platform that uses blockchain technology. It works kind of like a regular bank, but with the bonus of being seamlessly integrated with crypto wallets – giving you the benefits of cutting-edge Web3 tech.

Thanks to TokenPocket and Fiat24 joining forces, you can now get the TP Card. This handy card makes it a cinch to spend your cryptos in the real world. Add it to your digital wallet – like Apple Pay or Google Pay – and you’re good to go.

Right now, it’s available in 32 European countries, and the Asia-Pacific region will jump on the bandwagon by the last quarter of 2024.

Aside from easily converting crypto into cash, Fiat24 also has a feature called ‘tokenized deposits’. These are essentially ERC-20 tokens that represent actual money deposits. These can be spent directly in real-world transactions – fusing the benefits of both digital currencies and cold hard cash.

On top of everything else, Fiat24 uses unique ERC-721 non-fungible tokens (NFTs) for client identification. Your NFT is not only proof of ownership but also your key to unlock Fiat24’s banking services.

As we continue to embrace Web3 payments, Fiat24 responds to regulatory concerns by merging the pros of blockchain technology and traditional financial safety regulations. Together with TokenPocket, they’re creating a revolutionary financial landscape that’s more compatible with our everyday lives.

Fiat24 and TokenPocket’s mission is to make life easier for digital asset owners, bridging the divide between digital and real-world transactions. This type of project sets a new precedent for how blockchain tech can intersect with traditional finance- and it’s driving the worldwide adoption of Web3 payments.

To learn more about Fiat24 and TokenPocket, check out their websites.

Source: Cointelegraph