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Briefing
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- LBX Dragoncard – London Block Exchange announced launch of LBX Dragoncard, prepaid debit card that allows users to hold, convert, and spend cryptocurrencies (e.g. Bitcoin, Ethereum, Ripple, Litecoin and Monero) across U.K.
- User Charges – Charges customers upfront registration fee of £20, 0.5% for buying and selling cryptocurrency in platform, and additional small fees for ATM withdrawals
- Currency Conversions – LBX handles conversion by itself, eliminating issues and shortening transaction process for users altogether
- Expected Outcome – Move cryptocurrencies to mainstream market by removing access barriers and help people understand value of investing in digital currencies, with future plans of adding more currencies in platform
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