Ternio is starting off 2021 strong! 💥 Charlie Lee talks Litecoin Card, Paxful Debit Card Testing, Plaid, Reg A+ Raise, and More!!
Hello Everyone and a (belated) Happy New Year! Our team has been working hard through the holidays and we have many features we're releasing for this upcoming quarter! I have a lot to update everyone on and it's been so busy that I have been struggling to find time to get everything out. Let's get started!
Charlie Lee Talks About Litecoin Card
As previously shared, the Litecoin Foundation is using Ternio's platform to power their Litecoin Card. A few weeks ago the founder of Litecoin, Charlie Lee put out a video talking about features of the card as well as some of the things they have planned - like Integration within the Lite Wallet. Check out the whole video in the link below
Paxful Card Launches for 200 Employees!
Paxful, a leading cryptocurrency exchange, has launched its Debit Card internally for over 200 employees! PaxfulCard.com will undergo internal testing and once complete, will be made available to all Paxful users!
It's an exciting time and we couldn't be happier to continually roll out these card programs with all of our partners! Each program is a little different, so it's very rewarding to see how our partners put these card programs into action. 💪
Plaid Account Linking is live within GetBlockCard.com
At the end of last year, Ternio formed a partnership with Plaid, and I am happy to report that BlockCard Bank Account users can now link their external bank accounts to their BlockCard Bank account. This will allow users to seamlessly move money back and forth between accounts. This is just the start of some of the things we have planned with this partnership!
If you haven't already, you can open a BlockCard Bank account and instantly buy BTC with USD. Learn More: https://getblockcard.com/bank-accounts/
Bank Accounts are available today for US residents, but will also soon be available for International Customers.
We have been getting an increased about of media coverage recently, but one article/video I wanted to call specific attention to was "Beyond Bitcoin: Mainstream Acceptance Sparks Push For Everyday Cryptocurrency". This article in Pymnts featured an interview with Ternio's General Manager, Keith Johnson.
Keith has been with Ternio since our inception and is an integral part of our day-to-day operations. Many of you are accustomed to seeing Daniel or me (Ian) in these videos, so this is a great chance for you to hear from others on our team. The Ternio team are the ones that make Ternio great, every... single.... day!
Ternio Reg A+ Raise - Starting Soon!
If you watched our 2020 Year In Review then you would have gotten a sneak peek into the news about our upcoming Reg A+ raise. A Reg A+ is a type of offering that allows private companies to raise up to $50 Million from the public. Like an IPO, Reg A+ allows companies to offer shares to the general public and not just accredited investors. It's similar to the Reg-CF that most of you participated in here on Republic!
If you want to hear specifically about that, you can fast forward to 30:41 in the video (or use this link: https://youtu.be/zJLtZPrxUpk?t=1821)
We have seen a tremendous amount of investor interest as we continue to execute on a vision for Ternio. This interest is coming from everywhere - Venture Capital Funds, Angel Networks, as well as individual investors like YOU! 👇
It's very exciting to see so much investor interest and we are excited to put Ternio in the position to be a global company. We're at the final stages of our audit and will be submitting these audit docs with the SEC very soon (hopefully within the next 1-2 weeks, but to be completely honest it's in the hands of the auditors).
Once submitted to the SEC, we will formally announce where everyone can go get more information in terms of the raise. Investments will not be open until the SEC signs off. Like all things related to Ternio, compliance and due diligence is very important for our investors and community. I will share more updates once I have that information.
I would like to also state that everyone who participated in our past raise will have made a paper gain, as our valuation has increased from $15M to $60M. Congrats to all of you who were smart enough to invest in Ternio early on! 😎
I firmly believe we're building a billion-dollar company and we couldn't do it without the support of all of you!
Thanks for taking the time to read this latest update and stand by, because we have a lot more great stuff planned for 2021!