The upper-middle-class people more often do non-cash transactions, using cards and abandoning conventional habits of carrying cash in the wallet. The most common type of card is a debit or credit card. A debit card is an electronic payment card issued by a bank. This plastic card commonly called an ATM card because its function that can be used to withdraw cash or money transfer in an ATM machine. While the credit card is commonly referred to as a debit card because its function can be used to borrow money to the issuing bank with a certain limit and get paid before maturity. Payments can be made in installments or paid off. When it is late, there is a fine set by the issuing bank.
The use of credit and debit cards has become a habit of the general public in making payment of products and services either in merchants, shops, restaurants and others. In addition, the popularity of cryptocurrencies, as well as Bitcoin and Ethereum, is increasing so that many people want to pay for goods and services with these cryptocurrencies via credit and debit cards. By allowing it to make cryptocurrency payments via credit and debit cards, we can use cryptocurrency to make payments for goods and services anywhere. And a project called Hash Card has this purpose, which will make it easy to convert cryptocurrency into traditional fiat currency in real-time and use it for payment of products and services.
HashCard is the card that really does work in the everyday world. Many previous attempts have been made to create a bitcoin card that offers a decentralized bank, instant conversions and reliable exchange rates. Until HashCard, this has not been achieved despite millions of dollars being poured into the concept. Ease of use and superior functionality make the HashCard a must-have card for anyone who regularly spends money in foreign currency. It is not just for Ether or Bitcoin holders.
Key features
- The physical Hash card can be used wherever credit/debit cards are accepted. It works online and in the bricks and mortar space. It’s just like a regular credit/debit card with the key difference bring that the user is spending Ether, Bitcoin and other 25+ altcoins.
- A real-time transaction takes place each time the card is swiped. Only the precise amount spent with the Hash Card is exchanged from ETH/ BTC/Altcoins. The rest of the card owners funds remain stored in their secure wallet.
- The ability to exchange money at precise interbank exchange rates using Hash Card App.
- Peace of mind knowing the user enjoys precise interbank rates whenever spending on their Hash Card.
- FREE and real-time transfer of funds between Hash Card App users. Funds are instantly available on the recipients Hash Card.
- Beta stage testing of the Hash card & wallet is almost complete enabling the Hash Card to be launched during the public token sale. Hash cards are limited to the first 3000 subscribers. Distribution will be every two weeks in batches.
Card Variety
The Hash Standard Card will be the initial release. This card is available to anyone except Chinese nationals although the card itself will be accepted in China. Plans are currently in hand for multiple level cards including Gold, Platinum, and Black in Q3 2018. Each of these new cards will have a lower transaction fee than the standard card.
Hash Card Wallet
The Wallet for Hash Card supports all the 25 cryptocurrencies that you can use on the platform and can be installed on Android or iOS. It is protected by multi-sig technology, SSL encryption, and two-factor authentication, meaning that only the owner can really access the wallet.
You store money in your wallet and use your Hash Card to use it to pay for things anywhere VISA or MasterCard is accepted. You can use the cards to pay for goods and services offline or to make transactions and transfers between Hash Card wallets.
The Hash Card Infrastructure
If you are interested in protection, Hash Card can certainly offer you that. The company has a serious interest in having customers fully protected, so all the transactions are made with SSL encryption and two-factor authentication is used all the time to make transactions.
The company’s site was created using ISO 20022 and PCI DSS standards and the private keys of the wallets are protected with AES-256 encryption.
Payment System Process
The Hash card allows users to transact real-time payments without first needing to convert the cryptocurrency in their wallet. Each time a user spends cryptocurrency or withdraws at an ATM, Hash Card provides Fiat currencies in exchange for cryptocurrencies. To do this the Hash Card needs a minimum daily balance to cover the transactions.
Technology and Security
The Hash Card Cybersecurity and Governance Architecture contain the following standards, guidelines and frameworks: Hash Card adopted this framework following a detailed appraisal of the current industry posture, including from a detailed source list of government and industry adopted standards that included: NIST (National Institute of Standards and Technology) Cybersecurity Framework, ISO (International Organization for Standardization) and IEC (International Electrotechnical Commission) IT 27001 and 27002 frameworks, ISACA, COBIT and PCI DSS The Hash Card Cybersecurity and Governance Architecture Framework encourage informed decision making within the organization to identify and manage.
Hash Card Token Sale
The HSHC tokens will be sold in an Initial Coin Offering (ICO) to finance the founding of the company. They will be ERC-20 utility tokens based on the Ethereum blockchain with a total supply of 150,000,000 HSHC tokens.
Each HSHC token will be sold for 0.10 USD and they will all be issues 72 hours after the end of the sale, which will happen from May 1 to June 12. All unsold tokens will be burned.
From May 1 to May 3, you may buy the tokens with a 30% discount, the discount goes to 20% until May 13 and 15% until May 23. After that, you can still get a discount of 10% until June 2 and 5% until June 12.
60% of the tokens will be sold in the sale, while 16% will stay in the reserve and 15% will go to the team. 5% will be for the advisors and 4% in bounties.
Funds Distribution
- Marketing 15 %: Public Relations, loyalty programs, New User attraction
- Legal 10 %: Licensing, Compliance, Audit
- Development 15% : Further fin-tech development
- Human Resources 10%: Increasing team members, establishing top class customer support
- Liquidity 50 %: The bulk of the collected investments will be used to ensure the currency/card exchange is liquid and fast.
Detail Token
A total of 90,000,000 HSHC Tokens or 60% of the total ICO token supply will be put up for sale. Remaining unsold tokens will be destroyed by burned.
- Date: May 1, 2018 - June 12, 2018
- Classification: Utility Token
- Type: ERC20 Token
- Token symbol: HSHC Price 1 HSHC = 0.10 USD
- Payment: BTC, LTC, ETH, EOS, XLM, BCH, DASH
- Total Token Supply: 150.000.000
- Soft Cap: $ 3,000,000 / 30,000,000 TOKENS
- Hard Cap: $ 9,000,000 / 90,000,000 TOKENS
To sign up for the HashCard subscribers need to visit hashcard.io and complete a very simple, 3-minute onboarding process, including remote KYC. Once this is completed the Hash Card will be issued and distributed free to customers. A physical card may be used at more than 30 million merchants globally. It can be used both online and in bricks and mortar premises for offline purchases. Precise interbank rates are guaranteed when using the HashCard. No fees or additional markups mean that, in real terms, the cardholder receives a saving of up to 7% when compared to high street banks.
- Website: https://hashcard.io/
- Whitepaper: https://hashcard.io/downloads/WhitePaper-HashCard.pdf
- Twitter: https://twitter.com/hashcard
- Facebook: https://www.facebook.com/hashcard.io/
- Instagram: https://www.instagram.com/hashcard/
- Telegram: https://t.me/hashcard
- Medium: https://medium.com/@sm_46693
Team
Advisors
Author: Kolya Albina
Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1880310
ETH Address : 0x4506B1E0413E516Fb9A0F5082d513C4F0c75323f
“I am just an ordinary writer, not a representative of HashCard or a member of his team”