Monolith is a debit card that can be used at payment terminals worldwide, including ATMs. Monolith customers pay for withdrawals through ERC20 compatible smart contract wallets. TKN is the universal currency of 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 banking company based on the Ethereum blockchain. Founded in 2016, Monolith aims to bring the Ethereum economy into the real world.
Available on the Apple App Store (Android 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 preload them onto your Monolith Visa debit card.
Monolith's token, TKN, gives community members the opportunity to share in the benefits of the Monolith Card, which is based on a series of Ethereum tokens that people use for everyday spending.

2. Project Features

The core elements of TokenCard are: Token Contract Wallet, which is used to protect the user's assets and implement the payment and security parameters set by the user. TokenCard can connect the token contract wallet to the VISA network, and use the ERC20 tokens in its wallet to realize functions such as online payment, PoS transaction and ATM machine withdrawal.

Related link:
https://monolith.xyz/