TernioTernio, the creator of BlockCard, has reduced the minimum balance requirement for all its BlockCard holders – by 90% (from US$100 to US$10). Ternio is a blockchain company offering white label technology to enterprises, which enables blockchain and cryptocurrency usefulness in real world situations.  BlockCard is a crypto debit card platform, which enables card holders to make purchases with cryptocurrency anywhere there is acceptance of VISA.

Keith Johnson, GM of Ternio
Keith Johnson, GM of Ternio

Our customers are important to us and their feedback goes a long way in shaping the future of BlockCard,” said Keith Johnson, GM of Ternio.

One of the biggest requests we received was to lower the minimum balance to use BlockCard, so we did. When our customers speak, we listen.

Ternio and BlockCard

BlockCard is a payments solution for cryptocurrency holders in the United States. Card holders can fund their BlockCard with 13 different cryptocurrencies including:

  • Bitcoin
  • Litecoin
  • XRP
  • Basic Attention Token
  • Stellar Lumens
  • and others.

Card holders are also able to:

  • withdraw cash at ATMs
  • make instant peer to peer transfers
  • deposit cash at national retailers (such as Walmart, CVS and 7-11).

In effect BlockCard brings seamless movement of cash to crypto – or crypto to cash – to card holders.

Before the reduction, BlockCard holders had maintain a US$100 minimum balance in their accounts in order to keep their card active. This minimum now reduces to US$10, with the result that all active BlockCard accounts receive an additional US$90 worth of cryptocurrency spending power. Ternio’s hope is that this will promote BlockCard as a step on the march towards mass adoption of cryptocurrencies – because reduced fees lower the entry point for many cryptocurrency enthusiasts.


Ternio’s stated objective is to make blockchain relevant to real world applications. It claims to have solved the issues related to:

  • blockchain scalability
  • payment utility of cryptocurrency
  • improving how businesses can become better, faster, and more efficient.

The Ternio approach builds on Hyperledger Fabric and Stellar. For many enterprises Hyperledger fabric is already a default choice. But the problem with Hyperledger Fabric is it doesn’t scale. Ternio claims it has solved this scaling problem – while avoiding the need to seek alternatives (which either cannot also scale, are too costly or are not secure).

Ternio architecture
Ternio architecture

To do this Ternio created a multifaceted blockchain framework which:

  • uses an internal blockchain called Lexicon for immediate smart contracts
  • supports transactions for advertisements
  • provides a communication layer for ultra-fast programmatic data transfer.

By establishing a single blockchain framework capable of meeting the needs of many industries, Ternio believes Lexicon can change the way enterprises (and end users) perceive blockchain technology – and how it, therefore, can be used in daily lives. To this end, Ternio offers white-label technology to enterprise customers.

Enterprise Times: what does this mean

For Ternio, BlockCard is a stepping-stone on the (long and winding) road towards widespread adoption of cryptocurrencies. Its reduced fees may lower the barrier to adoption for many cryptocurrency enthusiasts – though US$100 was never that substantial.

More interesting (to Enterprise Times) is that Ternio’s ‘white-label’ blockchain offering. If this does indeed overcome the blockchain in general and Hyperledger Fabric performance in particular limitations – which others have also identified, many large enterprises will likely soon show interest.


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