We are very excited to announce that ARK can now be bought, sold and spent using the app. ARK users throughout the US now have the option to use the Spend app to integrate ARK into their daily lives. This article covers the features that have been tested and confirmed by myself so far.
Contrary to , you can now use ARK to buy more than “exactly one hot dog,” as the video suggests. The App has recently launched for Android, complimenting its iOS release, and the app offers a host of financial tools for crypto users.
The app can hold crypto assets like ARK, and the app converts to fiat in the background with each swipe of the VISA card. With VISA behind the wheel, this app bridges ARK with over 40 million merchants worldwide. The app appears to sport nominal fees and offers spending rewards via the SPND .
Curious and skeptical, I had to see this for myself and confirm the functions of the app. I was very pleasantly surprised. Here is a list of activities I was able to personally confirm, using the app as a United States citizen:
- Downloaded and installed the app on Android
- Completed identity process without delays
- Deposited ARK into the multi-asset
- Paid the one-time membership fee via ARK (Level 1: $25)
- Activated a virtual VISA card instantly
- Linked ARK to the virtual VISA card
- Used the virtual card to purchase a product online
- Confirmed real-time background conversion of ARK to USD
- Noticed an apparent fee of ~22 cents for a purchase of ~22 dollars
- Ordered physical card (5–7 days processing)
- Withdrew ARK from the multi-asset on-chain
Below is a list of activities I haven’t personally verified yet. Feel free to . However, to my knowledge, they are expected to work as intended as of now:
- Using the app as a Canadian citizen
- Linking USD/CAD bank account
- Depositing and withdrawing USD/CAD
- Using the app via iOS
- Buying and selling virtual assets directly with USD/CAD
- Receiving a physical card in the mail
- Upgrading to Preferred or Black card with increased perks
- Using the card with a non-US/CA merchant, as a US/CA citizen
- Using the app as an EU or Asian citizen
() - Biometric and Two-Factor app security
- Activating ‘SPND discounts’
- Sending virtual assets via username, email, or mobile number
Here is a list of activities that appear to be coming Soon™:
- Buy digital assets with credit or debit card
- Receiving a physical card as an EU or Asian citizen
- Creating a virtual card and instantly linking to ApplePay or GPay
- Utilizing loan services
Finally, here’s something that needs confirming:
- Setting up recurring buys of virtual assets
Note: ARK in the cannot be used in voting.
We are all extremely pleased to have ARK among the very exclusive list of virtual assets currently available on the app. While we will do our best to inform you of future developments, you can dial into the community via , , , , , or .
Disclaimer: The statements in this article shall not be interpreted as financial advice nor a solicitation of investment.
Published at Fri, 26 Apr 2019 19:37:38 +0000
