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Urgent Notice: Unbanked and all partner card & bank services winding down
This post is for the CRO refugees looking for a new crypto debit card. Info on Unbanked.com VISA card
So many posts here hating on crypto.com card, yet why is no one recommending the Unbanked.com blockcard? It's been paying 6% on spend for years and rewards have never changed!
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>All Unbanked customers and those through our white-label programs should begin withdrawing all funds (crypto and USD) as soon as possible. Unbanked has always maintained customer funds separate from business operations and all funds have been maintained 1:1 regardless of the asset you maintained with us. We plan to leave the withdrawal functionality on for the next 30 days, but please do not wait to start withdrawing funds. This includes wires, ACH, Plaid, and crypto withdrawals to wallets whether that’s LTC, USDT, UNBNK, or any asset your funds are currently held in. For what it's worth, knowing when to throw in the towel will save customers unnecessary losses by not digging the hole further. **TLDR; Those who with assets in Unbank, withdraw NOW.**
>Unbanked has always maintained customer funds separate from business operations and all funds have been maintained 1:1 regardless of the asset you maintained with us. We plan to leave the withdrawal functionality on for the next 30 days, but please do not wait to start withdrawing funds. This includes wires, ACH, Plaid, and crypto withdrawals to wallets whether that’s LTC, USDT, UNBNK, or any asset your funds are currently held in. At least that is good news for people who use Unbanked.
I'm signed up with Unbanked but my only question is, where can I find the value of the UNBNK token? When I look it up on Coingecko and others I'm seeing it at over $4. That can't be right. I kind of what to know how volatile it is if it's what my spending balance is in.
You need to stake 30.000 UNBNK for 1% which which at current price for the token ($4.49) is around 135.000$ at the moment. No sure how they think that’s realistic for any type of adoption but no thanks.
Sounded cool until I checked UNBNK price. It's roughly $5 so for 1% card you need to stake $150k. And suddenly CDC doesn't even look that bad anymore
According to their site it doesn’t actually store your card balance in unbanked coin. “Instead of converting the value of your currency into UNBNK, the Unbanked Card holds funds in a stable asset so you can rest easy knowing your money is able to withstand market price fluctuations.”
No it was just rebranded to UNBNK. Everyone got a 1:1 swap on [Unbanked.com](https://Unbanked.com). I think that's fair. No sense in changing company name but not the coin.
The card is pretty good, but just know that you hold your balance in UNBNK. Some like USD for spending, but UNBNK is stable compared to other cryptocurrencies. Also, you have 2 card numbers because virtual and plastic are unique.
Too many users on this sub were tricked to signing up to crypto.com with stadium sponsorships and Matt Damon TV advertisements. Their massive marketing budget caused so many users to overlook flaws in the core product. Now that their rates have been brought almost to 0% the community has been left holding the bag. Everyone here is searching for a new solution, but I don't see anyone talking about Unbanked.com. No fancy marketing budget, no global sponsorships, just a product that has been working for years and headquarters is in the US. 6.38% crypto back on merchant spend. Maybe not the highest rate, but it's much higher than bank cards and Unbanked Inc. has been paying these rewards since it's launch. Find the rewards structure here https://unbanked.com/rewards/cards/ The Unbanked BlockCard has been around for years and is available to residents in all 50 US states today. Plus, it's about to launch to residents in 27 EU countries and LATAM. \------------------------------------ UNBNK Stake for card rewards 30,000 UNBNK - 1% 57,500 UNBNK - 2% 82,000 UNBNK - 3% 105,000 UNBNK - 4% 120,000 UNBNK - 5% 145,000 UNBNK - 6% \---------------------------------------- The price of UNBNK today is about $0.008-$0.01. To get the 6% top tier rates costs about $1,160 USDC. However, there is only 900M UNBNK so the ability to stake the top tier gets more expensive as more people stake for rewards. Always DYOR, but BlockCard is def a card people should be looking into if they want rewards. https://unbanked.com/debit-card/united-states/blockcard/
Too many users on this sub were tricked to signing up to crypto.com with stadium sponsorships and Matt Damon TV advertisements. Their massive marketing budget caused so many users to overlook flaws in the core product. Now that their rates have been brought almost to 0% the community has been left holding the bag. Everyone here is searching for a new solution, but I don't see anyone talking about Unbanked.com. No fancy marketing budget, no global sponsorships, just a product that has been working for years and headquarters is in the US. \*\*6.38% crypto back\*\* on merchant spend! Maybe not the highest rate, but it's much higher than bank cards and Unbanked Inc. has been paying these rewards since it's launch. Find the rewards structure here https://unbanked.com/rewards/cards/ The Unbanked BlockCard has been around for years and is available to residents in all 50 US states today. Plus, it's about to launch to residents in 27 EU countries and LATAM. UNBNK Stake for card rewards \* 30,000 UNBNK - 1% \* 57,500 UNBNK - 2% \* 82,000 UNBNK - 3% \* 105,000 UNBNK - 4% \* 120,000 UNBNK - 5% \* 145,000 UNBNK - 6% The price of UNBNK today is about $0.008-$0.01. To get the 6% top tier rates costs about $1,160 USDC. However, there is only 900M UNBNK so the ability to stake the top tier gets more expensive as more people stake for rewards. Always DYOR, but BlockCard is def a card people should be looking into if they want rewards. https://unbanked.com/debit-card/united-states/blockcard/
I don't think it was "too good to be true" because BlockCard has been paying 6% as a top tier for years. Plus the amount of USD to stake to get that is only about $1,200. However I do admit that UNBNK (token on blockcard) is a microcap, so the cost to stake will go up dramatically as price rises.
Too many users on this sub were tricked to signing up to crypto.com with stadium sponsorships and Matt Damon TV advertisements. Their massive marketing budget caused so many users to overlook flaws in the core product. Now that their rates have been brought almost to 0% the community has been left holding the bag. Everyone here is searching for a new solution, but I don't see anyone talking about Unbanked.com. No fancy marketing budget, no global sponsorships, just a product that has been working for years and headquarters is in the US. *6.38% crypto back* on merchant spend! Maybe not the highest rate, but it's much higher than bank cards and Unbanked Inc. has been paying these rewards since it's launch. Find the rewards structure here https://unbanked.com/rewards/cards/ The Unbanked BlockCard has been around for years and is available to residents in all 50 US states today. Plus, it's about to launch to residents in 27 EU countries and LATAM. UNBNK Stake for card rewards * 30,000 UNBNK - 1% * 57,500 UNBNK - 2% * 82,000 UNBNK - 3% * 105,000 UNBNK - 4% * 120,000 UNBNK - 5% * 145,000 UNBNK - 6% The price of UNBNK today is about $0.008-$0.01. To get the 6% top tier rates costs about $1,160 USDC. However, there is only 900M UNBNK so the ability to stake the top tier gets more expensive as more people stake for rewards. Always DYOR, but BlockCard is def a card people should be looking into if they want rewards. https://unbanked.com/debit-card/united-states/blockcard/
Too many users on this sub were tricked to signing up to crypto.com with stadium sponsorships and Matt Damon TV advertisements. Their massive marketing budget caused so many users to overlook flaws in the core product. Now that their rates have been brought almost to 0% the community has been left holding the bag. Everyone here is searching for a new solution, but I don't see anyone talking about Unbanked.com. No fancy marketing budget, no global sponsorships, just a product that has been working for years and headquarters is in the US. *6.38% crypto back* on merchant spend! Maybe not the highest rate, but it's much higher than bank cards and Unbanked Inc. has been paying these rewards since it's launch. Find the rewards structure here https://unbanked.com/rewards/cards/ The Unbanked BlockCard has been around for years and is available to residents in all 50 US states today. Plus, it's about to launch to residents in 27 EU countries and LATAM. UNBNK Stake for card rewards * 30,000 UNBNK - 1% * 57,500 UNBNK - 2% * 82,000 UNBNK - 3% * 105,000 UNBNK - 4% * 120,000 UNBNK - 5% * 145,000 UNBNK - 6% The price of UNBNK today is about $0.008-$0.01. To get the 6% top tier rates costs about $1,160 USDC. However, there is only 900M UNBNK so the ability to stake the top tier gets more expensive as more people stake for rewards. Always DYOR, but BlockCard is def a card people should be looking into if they want rewards. https://unbanked.com/debit-card/united-states/blockcard/
First BlockFi, now Nexo. Who's next, Celsius and the rest of the other crypto banks and lending platforms not registered with the SEC or other US regulatory agencies? It's inevitable. First, US Influencers are liable for promoting unregistered cryptos/NFTs due to the BitConnect lawsuit setting the precedent that cryptos/NFTs are unregistered securities. Now, unregistered crypto lending platforms are getting regulated out of the US markets. The SEC is expanding its regulatory grip on Web3.0 and the crypto space. How many of your favorite cryptos or NFTs are registered with the SEC? That's the future risk potential you face by holding a bag of unregistered cryptos and NFTs. You risk regulatory agencies killing off your crypto/NFTs, especially if those assets are sourced in the US. Enter Unbanked, used to be known as Ternio. Unbanked, unlike BlockFi and Nexo, is SEC-Registered. An interesting note is that Unbanked powers the Nexo card services and they have a business partnership through Unbank's role as a VISA Fast Track partner. That's something you guys probably didn't know about Nexo. So, Unbank wants to do something very ambitious and innovative. Right now, Unbanked is open early for smaller investors on the Republic website to fund their aspirations to become a publicly-traded company. Unbanked has a big and ambitious dream: to be a publicly-traded crypto company that is vertically integrated and equipped to give the customer true freedom from one end (Traditional Finance) to the other end (Web 3). It's a great dream for Unbanked to have. To be a publicly-traded crypto company and vertically integrated by having a bank charter license to provide lending, deposits, and checking services that can onramp fiat into the Web 3 crypto space so consumers can transact in the crypto space, earn yields, lock up liquidity in the vault, trade NFTs. Unbanked already has: 1. Blockcard Debit Card (Digital and Physical Forms), a low-fee debit card that uses $TERN (soon to be $UNBNK) cryptocurrency as the card's balance. The $TERN balance in your debit card appreciates over time as card adoption increases. 2. Banker's NFT, a regulation-compliant art & utility NFT, grants the NFT holder NFT leasing, NFT trading, and a bonus 20% in Unbanked's future Yield program (earn up to 50%) 3. Trade cryptocurrencies 4. Checking account that accepts wire transfers/ACH deposits Unbanked aims to be the one-stop financial solution that serves the forward-thinking, innovative crypto users who are already in the Web3.0 space. And for the unbanked or non-technical people Unbanked aims to make the transition from Web2 to Web3 as easy as possible by being a vertically-integrated, one-stop solution for your financial needs from fiat to crypto globally. No other cryptocurrency is registered with the SEC. No other NFT collection is regulation-proofed against future SEC regulatory scrutiny. No publicly-traded crypto company (like Coinbase) has its own cryptocurrency and NFTs. Unbanked is truly a one of a kind hidden gem and has multiple investment vectors: 1) publicly on the company by owning company shares (open for investments thru their Republic page), 2) trade their $UNBNK cryptocurrency, 3) trade their Banker's NFTs, 4) store your deposits as $TERN **TLDR**: Unbanked is a once-in-a-lifetime opportunity that aims to be the very first crypto-bank that offers a closed-loop business solution that bridges traditional finance and Web3.0 all under one roof. There is no publicly-traded crypto company or cryptocurrency project that is SEC-Registered and has achieved this dream yet.