It will soon be easy to spend Terra’s Stablecoin in Europe


Alex Dovbnya

Astral Money has introduced a debit card touted as an easy solution for paying for everyday goods with the UST stablecoin in Europe

Astral Money, one of the payment solutions to issue Terra-powered tokens in real life, has announced a new debit card that allows to issue the native TerraUSD (UST) stablecoin in Great Britain and in European Union countries. to give. †

The European project has already opened a waiting list for users to reserve their place. This comes after the team teased the recently announced product in January.

Image by astral.money

In July, Astral Money launched Astral Payments, a solution that allows merchants to accept Terra stablecoin on their websites. After announcing integration with the WooCommerce plugin, the project will also add Shopify and Magento support in Q2 2022.

Terra co-founder Do Kwon noted in a tweet that it will now be easier to spend UST because of the new product.

Map

Users can create disposable virtual cards to manage their payments. It will be possible to make transactions directly from their cryptocurrency wallets.

The balance stored in one’s Astral accounts can earn “market-rate” interest.

In addition to Astral Money, projects such as Kado, Alice, Kash and Catapult are also working to make it possible to pay for everyday goods with native Terra tokens.

As reported by U.Today, Terra’s native LUNA token has been on the move lately, hitting a new all-time high of $103.88 on March 9. It recently toppled the XRP cryptocurrency for the first time due to its impressive price increase.

The UST stablecoin remains in 14th place by market capitalization, ahead of Shiba Inu (SHIB) and Polygon (MATIC).

Leave a Reply

Your email address will not be published.