How does Digits work?
Their technology allows the consumer to use their credit or debit card in exactly the same way he or she does today.
But with one critical difference; when the consumer pays with a credit or debit card registered with Digits, payment is made with cryptocurrency instead of fiat currency.
Merchants do not need to change any process in order to accept cryptocurrencies via Digits.
The settlement times, processes, and fees, are exactly the same as they experience today.
They can enable cryptocurrency without any additional merchant account or agreement.
What Digits says
Digits turns any credit or debit card in the world into a Cryptocurrency card.
Our technology will increase the liquidity and stability of Cryptocurrency while stimulating the economy worldwide.
We achieve this without any modification to the existing credit or debit card networks making Crypto now as easy for merchants to accept as credit and debit cards.
Pay with Cryptocurrency with the simplicity of cards.
- Website: http://Digits.io
- Headquarters: Santa Monica, CA
- Year founded: 2017
- Company type: Privately Held
- Company size: 11-50 employees
For more info on the Digits project, please refer to the whitepaper