The Exciting New Partnership
On August 15, London-based Monolith announced a groundbreaking partnership with decentralized finance titans Digix and MakerDAO. This collaboration aims to supercharge digital payment adoption in e-commerce and make cryptocurrencies more accessible to everyday consumers.
Token Integration: What You Need to Know
Effective immediately, the Monolith Visa debit card users can load their cards with MakerDAO’s DAI, and Digix’s DGX and DGD tokens via the handy Monolith mobile app. So whether you’re running late to pay the rent or just wanting to grab that overpriced latte, your digital coins can now fund your caffeine fix or pay those pesky bills.
A Bridge Between Two Worlds
This partnership doesn’t just add a dash of crypto to your daily transactions; it forms a vital bridge between decentralized finance (DeFi) and the retail space. Rune Christensen, CEO of MakerDAO, praised Monolith’s initiative, stating:
“Monolith’s solution provides a powerful way for token holders to extend the usefulness of their crypto-holdings.”
This means that, while your Uncle Bob is still figuring out the whole crypto thing, you can already enjoy the benefits of your digital assets.
From Beta Test to Full Throttle: Monolith’s Evolution
For anyone thinking, “Haven’t I seen this before?” you wouldn’t be wrong! The Monolith journey has had its hiccups. Previously known as the TokenCard Visa debit card, Monolith underwent an extended beta test, and now—the name may have changed, but the mission remains steadfast.
CEO Mel Gelderman exclaimed:
“We’re thrilled to have had a fantastic response from our beta users and are now ramping up for growth.”
Clearly, they’ve taken feedback seriously and are ready to bring the token economy to a broader audience.
What’s Next for Monolith?
The company is not just resting on its laurels. Plans are already in the pipeline to incorporate even more tokens into the Monolith ecosystem. This means that in the near future, your payment options could be even more diversified than the last family reunion potluck. However, one thing remains clear: while some crypto services like Shift are winding down, Monolith is all about growth and expansion, making financial services more accessible to all.
In Summary
Monolith partnering with Digix and MakerDAO signals a shift towards mainstream acceptance of cryptocurrencies in retail. As the buying and spending landscape evolves, who knows? Maybe one day, even your grandma will be swiping her card loaded with DAI to buy those pesky cat memes online!
+ There are no comments
Add yours