The popular global fintech blockchain platform Ternio is undergoing a transformation, starting with its name. After rebranding itself as “unbanked”, the platform is consolidating its enterprise and consumer financial offerings including flagship blockcards under one roof to provide a superior experience to its diverse user base.
According to Recent announcement, Ternio begins rebranding exercise on May 18Th, Beginning with the launch of a new video unveiling a new company logo, branding and messaging. The new name also resonates with the mission of making financial products accessible to all and reducing dependence on traditional banking institutions at the same time – encouraging them to go “unbanked”.
Unbanned is also preparing to launch a full suite of financial products under the new banner. Some of these new launches are scheduled to coincide with the brand’s complete consumer and enterprise launches across sales and marketing channels on June 30, 2021. These upcoming products include FDIC-insured bank accounts, debit cards, crypto exchanges, rewards programs and more. . These products will work seamlessly with each other and existing blockcards to solve some key issues in the crypto ecosystem.
Bridging the gap between traditional and crypto finance
Blockchain technology and decentralized finance are considered solutions to achieve universal financial access. Is using bankless technology and combining it with traditional banking solutions to provide an easily understandable, user-friendly financial instrument.
Introducing Unbanned, co-founder Ian Kane said, “We could not be more excited about introducing Unbanned to the world. Demand for crypto-focused financial services has prompted companies to create a patchwork of offerings that cater to only a few needs at a time. Bankless provides our customers with a more complete blockchain-enabled banking experience that is faster, allows them more control over their crypto, and cuts cost-prohibition fees.
Under the Unbanned brand, Ternio’s initial mission to provide FDIC-insured bank accounts to US residents has been expanded to cover the entire world’s population. These accounts will be crypto-compatible and there will be an option for users to keep their assets in a decentralized wallet. Debit cards in both digital and physical formats can be linked to unbanked bank accounts or crypto wallets to spend digital currencies in the real world, just as they would for FAT. Virtual cards can also be used with payment applications such as Apple Pay, Samsung Pay or Google Pay. Crypto cashback of up to 6.38% is received as part of the staking program even after spending without a bank card.
The bankless ecosystem supports 12 different cryptocurrencies, allowing users to not only deposit but also shop directly at the best possible rates collected from multiple exchanges.
Empowering others to follow its lead
The Enterprise Financial Solutions suite on the unbanked ecosystem includes white-label card issuance, bank accounts, and financial toolkit APIs that can be used by businesses and other organizations to implement their own blockchain financial products. According to Unbanned, its enterprise products are already in use by some major platforms such as Paxful and the Litcoin Foundation.
It will continue to expand its reach by launching innovative, tailor-made financial products to meet the emerging needs of communities without bank, bankless and low banking facilities.