Our cards can be replenished in USD, Euro, MNX, BTC, and ETH. You can read more about it at minexpay.com
From what I understood, it works with multiple currencies, but it'll be cheaper to use with MNX, right?
I have some more questions:
1. That "required balance" will be on the wallet associated with the card or somewhere else (minexbank)? Will that amount get some sort of parking rate? Is that amount supposed to be locked during the whole lifetime of the card?
2. What does "overdraft" means? If somebody top up a standard card with 100$ worth of MNX he can spend 180$-1% at PoS?! I guess it's somewhat different.
3. When is the actual delivery of these cards planned? I am asking because TenX also offers pre-order, however their cards are still with no estimated delivery time, so they just get people's money for nothing.
Hello,
Yes, you understood correct.
No, itsn't related to MinexBank. Also, you can't parking your balance from card. Percent rate is only paid to the wallet address which is registered in the MinexBank and used for parking. You either park your coins or hold them in the MinexPay and use for your needs.
Card issue is a common traditional fiat bank. It will issue debit cards and set credit limits for each of the customers. When you order the card, your credit limit is set to zero. You can upload your debit card with fiat money same as you can do with the usual bank’s card. As for the credit limit, it will be set according to your share in ETF (Exchange Traded Fund) When you send your MNX to the fund you automatically become its co-owner, and it guarantees reimbursement of your credit limit on your behalf by selling your coins at the very moment when you spend the money from your credit (credit limit). Minimum required balance is a minimum balance that activates the status of the card and provides you with all the conditions of the selected status. Overdraft limit is a credit limit, which is set depending on the status of the card.
Minimum required balance are blocked on the card depending on its class.
You will receive your card after verification process completed.
Per the note you see after paying for the card, verification process to be started in the second part of July for the first registered users. The rest will be verified in their turn accordingly.
Then the card is to be delivered by courier service and the delivery date depends on their estimated time needed for delivery to each specific country.
