Cryptocurrency is the first fully decentralized means of payment on the market that can be accepted anywhere in the world. In theory. In practice, it's easier to buy... other crypto coins for the cryptocurrency, in addition, you have to pay a fee and register on several exchanges. Is it possible to simplify the task for ordinary users, to reduce the costs of crypto investors and to make “digital gold” part of everyday purchases?

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Cardonio project developers offer multicurrency credit and debit cards, with which cryptocurrency owners can pay for products and services anywhere in the world. The release of the card takes a few minutes, the developers provide separate terms of use for each of the four types of cards.

The scheme of using the credit limit is related to the number of CFGT tokens. The user buys the coins of the project, stores them on a personal account, withdraws cash at any ATM. The credit limit depends on the number of coins, the maximum rate is 85%. For example, a user stores 100 CFGT tokens on a personal account, according to the current exchange rate, the amount is equivalent to 500 dollars. With a credit limit of 85%, the platform member can withdraw and spend no more than $425. The term of repayment of a loan without interest (grace-period) is 90 days, unspent money (crypto coins or fiat assets) can be withdrawn at any time.

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According to Whitepaper, currently, the project supports ten types of cryptocurrencies with a credit rate of 60%. The list includes BTC (Bitcoin), ETH (Ethereum), XPR (Ripple), BCH (Bitcoin Cash), LTC (Litecoin), NEO (NEO coin), DASH, USDT (Tether), XMR (Monero), ADA (Cardano).

**Cardonio Credit Card Types**
According to Whitepaper, the development team plans to issue four types of credit cards on which it will be possible to store Bitcoins, Altcoins and crypto coins of the ERC-20 standard. The balance of payments, history of operations and the amount of commission are reflected in the mobile application for Android and iOS, which allows you to convert 23 types of currencies and send payments to 120 countries. 

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Making a credit card takes no more than five minutes, the user goes through the KYC procedure, fills in personal information and gets the finished card by mail. The developers emphasize that payments in fiat money pass at a favorable rate, the platform does not charge additional fees. 

**1. Standard credit card.** The credit card is provided to the owners of 500 CFGT tokens, the account is free of charge, transfers or cash withdrawals for up to $500 per month are not subject to charges, then the client pays 0.5% of the transaction amount. Bonus for customers - cashback in the amount of 0.25% of the amount of each purchase.

**2. Frozen white.** The plastic card is received by the owners of 2,500 CFGT tokens, keeping them on the balance for at least 30 days. Account maintenance is free, the size of the cashback is 0.5% of each purchase. The user can convert or cash up to 1000 dollars per month out free of charge.

**3. Limited edition gold.** The means of payment is available to owners of at least 10 thousand CFGT tokens stored on the balance for at least 90 days. The circulation of the card is 50 thousand copies, which will go to the first users. The monthly withdrawal and transfer limit is 2.5 thousand dollars, then each cashed amount is subject to a 1.5% commission. Customers receive a cashback of 1% on all purchases made.

**4. Limited edition black.** The credit card is available to the first thousand owners of 50 thousand CFGT tokens, storing them in the account for at least 180 days. The product provides unlimited transfers between owners without commissions, the monthly cash withdrawal limit is 20 thousand dollars. Customers receive cashback in the amount of 2% of the amount of each purchase. 

Cardonio's crypto credit card task is to link ordinary users of credit products, crypto investors and retail networks into a single decentralized market. All types of credit cards from Cardonio use the Visa payment system, applications for smartphones and tablets allow you to convert, buy and sell "digital gold" without additional overpayments. 

**Crowdsale and Further Development of the Cardonio Project**

Work on the project started in December 2017, the team prepared the Whitepaper and attracted the first investors, the team was recruited in the spring of 2018. In May, the developers launched the first workable version of the platform, having received licenses to conduct financial transactions. 

The ICO of the Cardonio project began on August 15, 550 million CFGT (Cardonio Financial Group Token) tokens worth 0.1 cents each were released. The team plans to collect from 220 to 360 million tokens (soft and hard caps of the project). Investments can be made in Ethereum.

Most of the received investment (40%) will be the amount of capital for lending, 25% will be invested in research and development, 20% will be spent on finding new customers and marketing, the remaining 15% will be spent on obtaining licenses, integrating the application on the websites of project partners. 

The developers are planning to “freeze” 100 thousand tokens as a reserve for future investments: if the project becomes popular, this amount of CFGT will be released for sale at auctions. Now frozen funds act as a guarantor of the solvency of the team and will allow obtaining a banking license in Asia and Europe.

https://youtu.be/GAT3tEnLUTM

Website: https://cardonio.com/landing/main
WP: http://static.cardonio.com/cardonio-whitepaper.pdf
TG: https://t.me/CardonioOfficial
TW: https://twitter.com/Cardoniotoken
FB: https://web.facebook.com/Cardonio-191286528410156/?_rdc=1&_rdr
Bounty BTT: https://bitcointalk.org/index.php?topic=4980239.0
Author on BCT: Melnikof https://bitcointalk.org/index.php?action=profile;u=1152502