Grineo Launching New Payment Method in Australian Market
With the advent of digital currencies, more and more possibilities are unfolding when it comes to storing and spending money.
What is Grineo?
Grineo is a financial services company launching a full suite of payment solutions for digital currencies. The Grineo app, available for iOS and Android devices, allows users to store the USDT and USDC digital currencies at the moment, with support for more currencies now in the works. Users can also buy and swap cryptocurrencies directly in the app.
However, the flagship product for the company is its debit card that will allow users to spend cryptocurrency in any store in the world or even withdraw it as cash from an ATM.
Grineo was the lead sponsor for Australia’s premier blockchain industry awards event, The Blockies, where the company made quite a splash demonstrating the product and networking with other companies in the space.
The company has also been featured multiple times in mainstream media as the buzz around the product launch continues to build.
“It’s a pleasure to be attending The Blockies and share the message of Grineo with the world, which is that digital assets are no longer cut off from the real world. The untapped store of wealth locked in this industry is there to be used, spent, integrated with the wider economy. We’re here to make digital currencies safe and easy to use, fully connecting the long-separated worlds of blockchain and real-world commerce,” said Roman Ostapenko, Strategic Advisor of Grineo.
Spend Stablecoins Like Cash: The Grineo Card
Grineo card users will be able to transact with the USDT and USDC stablecoins just as easily as they would Australian dollars. The card is linked to user wallets that automatically update when a transaction is made.
Crypto is converted to fiat instantly behind the scenes, with no action needed on the user end. With a low commission of just 1%, Grineo allows for a seamless user experience that bridges the gap between digital money and the real world.
More currencies are due to be added to the card in the coming year. You can now sign up to the waitlist for the Grineo card which is due to launch in Q1 of 2024.
Is Grineo Right for Me?
Grineo is available to adult residents of Australia, and the card works worldwide. With Passkey technology in place, Grineo does not require user passwords to be stored on its servers, allowing for a secure login every time. The company is licensed in Australia for all the services it provides and fully regulated by AUSTRAC.
So who is it for?
Anyone who owns crypto, earns income in crypto, or invests in crypto and would like to easily cash out their funds by spending them or withdrawing them as cash would benefit from the convenience and user-friendly interface offered by Grineo.
The company prides itself on offering excellent customer service, solving a common pain point in the crypto industry, as well as making experience of using the app and card very straightforward.
Interested in trying it out?
Make an account with Grineo here.
Frequently Asked Questions
How do I order a Grineo card?
Simply download the app and join the waitlist, or, if the card has been released, order a card directly in the app. You’ll need to provide ID to pass KYC verification checks.
What can I do with Grineo?
Buy, store, swap, and spend cryptocurrencies or withdraw them as cash from any ATM in the world using the Grineo app and card. Try it out for yourself!
Who is the card for?
The card is for anyone involved in the crypto space. Investors, traders, casual users, Web3 developers, and anyone who owns crypto can benefit from a card that allows you to spend crypto like cash wherever you go.
