Monolith is a debit card that can be used in payment terminals around the world, including ATMs. Monolith customers make withdrawal payments through ERC20-compatible smart contract wallets. TKN is a common currency for the Monolith platform, based on Ethereum. TKN can be used to pay handling fees and reward dividends.

1. Project background

Monolith is a London-based company that operates banking business based on the Ethereum blockchain. Monolith was founded in 2016 to bring the Ethereum economy into the real world.
Available on the Apple App Store (coming soon), Monolith allows you to securely store ETH and ERC-20 tokens in your own decentralized contract wallet. You can then exchange them for fiat currency and pre-install them on your Monolith Visa debit card.
Monolith’s token TKN gives community members the opportunity to share the benefits of Monolith card, based on a range of Ethereum tokens used for daily consumption.

2. Project Features

The core elements of TokenCard are: Token Contract Wallet, which is used to protect the security of users' assets and to perform payment and security parameters set by users. TokenCard can connect token contract wallets to VISA network and use the ERC20 tokens in its wallet to realize online payments, PoS transactions, and ATM withdrawals.

Related links:
https://monolith.xyz/