Following a recent successful beta launch in Spain, 2gether, a banking platform, has announced the company’s European expansion. 2gether, advised by KPMG and A.T. Kearney, is empowering users to spend crypto anywhere, anytime, with one swipe of the 2gether card. Starting on April 10th, 2gether users were able to use 2gether’s prepaid Visa card in any of the 19 eurozone countries.
2gether’s prepaid Visa card allows users to convert cryptocurrency to euros, and to spend those euros anywhere Visa is accepted, instantly and without fees. In the near future, 2gether will aggregate accounts from other banks, incorporate artificial intelligence and machine learning technologies to facilitate financial decisions, and set-up a contextual marketplace for users to purchase financial products and services, all through the 2gether app.
The 2gether customer can:
- Pay in Euros or instantly convert 1 of 7 cryptocurrencies to pay with the Visa card: ETH, BTC, XPR, BCH, EOS, XLM, and LTC
- Hold and manage euro and crypto balances in the same app
- Buy and sell crypto in two clicks with no mark-ups to exchange prices
2gether users will be able to hold euros, managed by Pecunia Cards E.D.E. (Pecunpay), a regulated Electronic Money Institution (EMI), and cryptocurrencies, held on crypto exchanges and wallets managed by the company. When a user wants to pay with crypto, Pecunpay authorizes the transaction and automatically settles it in euros, 2gether converts the crypto into euros in real time and rebalances the treasury accounts. The merchant receives the payment in euros, and the user is debited in crypto.
“2gether is building the banking service of the future, where consumers take full ownership and control of the services they use and go beyond solely interacting with euros and dollars,” says Ramón Ferraz, CEO of 2gether. “To date, there has been no consumer-owned, tangible application that connects crypto and the mainstream market. We’re proud to be one of the first companies in the crypto space launching a token sale with an already finished product.”
“It’s an exciting time in the global payments industry as innovators inject new ideas and technologies to enable seamless commerce for everyone, everywhere. We value the opportunity to collaborate with fintech partners like 2gether to develop cutting-edge payments solutions for businesses and consumers”, says Carmen Alonso, Visa General Manager in Spain.
EU citizens can now download the app on Google Play and the App Store, pass the KYC process, and enjoy all the services featured on the app. Users are asked to buy a minimum of €10 of 2GT tokens to fund the project and become part of the 2gether community.