What is Hashcard Project?

What is Hashcard?
Hash Card is a new company that intends to revolutionize how you use credit and debit cards. While the discourse of the company is radical, their idea is not necessarily so new when you consider the cryptocurrency market: Hash Card converts crypto to fiat currency in real time, so you can cryptocurrencies and use them anywhere.

The credit and debit cards of the company are accepted in most places, so the company’s main selling point is that you can convert Bitcoin, for instance, that is not accepted in many places, to the local fiat currency of the place that you want to spend your money on.

Key features
The physical Hash card can be used wherever credit/debit cards are accepted. It works online and in the bricks and mortar space. It’s just like a regular credit/debit card with the key difference bring that the user is spending Ether, Bitcoin and other 25+ altcoins.
A real-time transaction takes place each time the card is swiped. Only the precise amount spent with the Hash Card is exchanged from ETH/ BTC/Altcoins. The rest of the card owners funds remain stored in their secure wallet.
The ability to exchange money at precise interbank exchange rates using Hash Card App.
Peace of mind knowing the user enjoys precise interbank rates whenever spending on their Hash Card.
FREE and real-time transfer of funds between Hash Card App users. Funds are instantly available on the recipients Hash Card.
Beta stage testing of the Hash card & wallet is almost complete enabling the Hash Card to be launched during the public token sale.
Hash cards are limited to the first 3000 subscribers. Distribution will be every two weeks in batches.
The Hash Card
To sign up for the Hash Card subscribers need to visit hashcard.io and complete a very simple, 3-minute onboarding process, including remote KYC. Once this is completed the Hash Card will be issued and distributed free to customers. A physical card may be used at more than 30 million merchants globally. It can be used both online and in bricks and mortar premises for offline purchases.

Precise interbank rates are guaranteed when using the Hash Card. No fees or additional markups mean that, in real terms, the cardholder receives a saving of up to 7% when compared to high street banks. Hash Card accounts can be instantly funded, at no charge, with Ether and Bitcoin. From Q4, 2018 Fiat funding will also be available to load the Hash Card. Using the Hash Card to fund purchases is simple. Via the HashApp you can view the ETH/BTC/ETC/USD balances in your wallet. The only exchange is the exact amount of cryptocurrency required for the purchase currency exchange.

Example – ETH-funded Purchase with Hash Card
Mary, a day trader closed her XRP/ ETH place to enjoy a 12 ETH profit. Mary immediately transferred 5ETH to her Hash Card and booked into her favourite luxury spa in Paris. She did not need to wait for the exchange to send a traditional wire/SEPA transfer. The funds were instantly available for her to use on her Hash Card.

Card Variety
The Hash Standard Card will be the initial release. This card is available to anyone except Chinese nationals although the card itself will be accepted in China. Plans are currently in hand for multiple level cards including Gold, Platinum and Black in Q3 2018. Each of these new cards will have a lower transaction fee than the standard card.

Payment system process
The Hash card allows users to transact real-time payments without first needing to convert the cryptocurrency in their wallet. Each time a user spends cryptocurrency or withdraws at an ATM, Hash Card provides Fiat currencies in exchange for cryptocurrencies. To do this the Hash Card needs a minimum daily balance to cover the transactions.

Technology and Security
The Hash Card Cybersecurity and Governance Architecture contain the following standards, guidelines and frameworks: Hash Card adopted this framework following a detailed appraisal of the current industry posture, including from a detailed source list of government and industry adopted standards that included: NIST (National Institute of Standards and Technology) Cybersecurity Framework, ISO (International Organization for Standardization) and IEC (International Electrotechnical Commission) IT 27001 and 27002 frameworks, ISACA, COBIT and PCI DSS The Hash Card Cybersecurity and Governance Architecture Framework encourage informed decision making within the organization to identify and manage cybersecurity risks.