Unbanked Announces Support For The Stacks Network

Unbanked has announced new token support for its flagship debit card. The Unbanked platform now supports the Stacks network, which offers smart contract functionality for the Bitcoin ecosystem. Residents of nearly 60 countries, including the US, UK and several countries in Europe and Latin America, can now use their STX tokens to make purchases.

Unbanked can also be used to earn 8% of the annual income paid in bitcoin by holding Stacks in a cryptocurrency bank account with the possibility of guaranteeing funds by the Federal Deposit Insurance Corporation in the United States. Brittany LAUGHLIN, executive director of the Stacks Foundation, said more than 200 people signed up within the first few hours of the announcement.

Unbanked BlockCard does not require the conversion of crypto assets into fiat currency before the point of sale. This way, users who own Stacks will be able to keep their positions in STX until the point of purchase, while maintaining the ability to earn Bitcoin income from their positions in Stacks.

Image: Medium