Launching Debit Card with Chiliz (CHZ) Support

Altcoins Launching Debit Card with Chiliz (CHZ) Support, a first-of-its-kind project that’s focused on bringing sports fans closer to their favourite clubs and players with blockchain technology and the Chiliz ($CHZ) altcoin, has announced plans to launch SociosID, a blockchain-based identity verification solution and a prepaid debit card that will make it easier for CHZ holders to spend their coins or withdraw it for fiat currency, according to a blog post on February 24, 2020. to Add Two Innovative Features has announced plans to roll out the SociosID feature and a prepaid debit card aimed at giving holders the ability to spend or withdraw their CHZ coins in real-time.

As stated in its blog post, SociosID will function as a distributed ledger technology (DLT) based identity verification solution for the entire sports and entertainment ecosystem, giving users and fans a global identity number which can be customized based on the amount of Chiliz (CHZ) a fan holds.

The team says the SociosID solution will be integrated into the mobile app and it will enable verified sports fans to enjoy various benefits, loyalty rewards and more.

In the same vein, starting from the summer of 2020, users and holders of CHZ will have access to a prepaid debit card that is designed to facilitate real-time spending and withdrawals of CHZ, as well as a vast array of supported currencies.

Socios Bringing More Excitement to Sports 

What’s more, the team has made it clear that the prepaid card will function as both the membership and payments card at the same time, enabling anyone to quickly redeem rewards, and access partner rewards in real-time, among other exciting benefits.

The SociosID solution and the live prepaid debit card is expected to go live this summer, starting from the European market, followed by the Latin American region, then Turkey and Asia.

Commenting on the innovative project, Alexandre Dreyfus, CEO of reiterated that blockchain-based identity verification is one of the excellent use cases of revolutionary technology and is determined to leverage DLT in transforming the sports ecosystem.

He said:

Our focus is to launch a product that will be used by fans but more importantly will be connected to some of our partners’ ecosystems. This will allow fans to be empowered with their Fan Tokens but also rewarded with $CHZ and benefits thanks to this card.

The platform is rapidly gaining traction across the sports and entertainment industry, as a vast array of clubs including West Ham football club, and Paris Saint Germaine have all joined the platform.

Ogwu Osaemezu Emmanuel

Ogwu Osaemezu Emmanuel is a graduate of Mass Communication and Media Studies. He joined the blockchain movement in 2016 when a friend of his introduced him to an investment platform accepting bitcoin. He has never looked back since then. Emmanuel believes the world needs real change and freedom from poverty. He sees crypto and the underlying distributed ledger technology as the catalyst to a better future for all.