A typical cryptocurrency is soaring the new highs after announcing the launch of their first Debit Card backed by Master card. The coin is named as Groestlcoin or GRS which is currently spotted on 126th position with a record of 75.83 percent over the past 24 hours.
Groestlcoin Coin [GRS] Launches Debit Card Backed By MasterCard
The coin broke out a new tweet on March 11, 2019, and unveiled its new debit card – the announcement reads that anyone with its debit card can visit use it across a retail or online shop that supports Master Cards. On top of that, the user can withdraw cash ‘at any MasterCard-compatible ATM. (Tweet goes below)
First Debit Card for Groestlcoin $GRS is here! And is backed by MasterCard®!https://t.co/nin6n1qSIh
» Use it in any retail/online shop that accepts MasterCard debit cards.
» Withdraw cash at any MasterCard-compatible ATM.
— Groestlcoin (GRS) (@GroestlcoinTeam) March 11, 2019
Reportedly, the coin was first launched on March 22, 2014, as a PoW or Proof-of-work Coin – runs on its own algorithm known as Groestl hashing. However, the GRS coin launched in a similar year when the second largest cryptocurrency, Ethereum (ETH) was introduced to the world of crypto – but it doesn’t share the same popularity as ETH does. Furthermore, it’s worth to mention that Groeslcoin revealed their inclusion to the PolisPay payment platform on March 08, 2018. And the launch of the new debit card is made available using PolisWallet. As announced via the official blog;
The goal of the PolisPay debit card is to allow any user to spend Groestlcoin, Bitcoin, or other digital currency as easily as you would using fiat currency.
GRS Coin Records 75% Growth
Although, GRS Coin first hit the bulletins of launching Visa as well as Master Card during Sep 2018– eventually, it attempts GRS debit card, backed by MasterCard today (on March 11, 2019). As per the website, one who holds this debit card can enjoy following benefits;
- Load fiat currency using your Polis Wallet, spend anywhere
- Shop anywhere that accepts MasterCard
- One can manage his/her card anytime anywhere – with one swipe in the Polis wallet
As soon as the announcement get the roll – the price of GRS starts picking the high graph. According to the Coinmarketcap, the current average trading counts $28,441,128 USD – valued at 0.39 US dollar.
Image source – Coinmarketcap
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com