In a thrilling development concerning the Solana platform, Sanctum has collaborated with Jupiter Exchange and BasedApp. The partnership focuses on launching the Cloud Card (an innovative SOL-based debit card) to revolutionize $SOL payments. The platform revealed this development on its official social media account on X.
We’re excited to be part of this initiative, as Cloud Card is LST based, the stake from this card will go towards Jupiter Validator.
The growth of Cloud Card thus directly benefits Jupiter’s users via Jupiter stake -> higher JupSOL APYs + more transactions landing! https://t.co/krtALW1Lu6
— Jupiter 🪐 (@JupiterExchange) September 22, 2024
Sanctum Unveils Cloud Card in Collaboration with Jupiter Exchange and BasedApp
Sanctum mentioned that the Cloud Card intends to reshape the expenditure of stablecoins and $SOL by the consumers. At present more than a hundred countries are supporting the respective project. With this, it aims to develop an innovative, enjoyable, and seamless payment experience to facilitate crypto enthusiasts.
The Cloud Card is not like the conventional debit cards as it offers Solana’s unique features. The project reportedly leverages the Solana blockchain’s composability. It integrates with diverse services and dApps. Hence, it permits a more engaging and richer consumer experience. As Sanctum puts it, the card will let users effortlessly utilize SOL tokens and stablecoins. Simultaneously, it also allows the users to earn rewards apart from several benefits dealing with Solana’s community-focused ecosystem.
The Cloud Card Prioritizes Consumer Engagement, Innovative Approach to Transfers, and Gamified Elements
Sanctum noted that the Cloud Card will potentially be more than only a payment tool. The project will reportedly offer a delightful experience. The Cloud Card prioritizes consumer engagement, innovative approach to transfers, and gamified elements. As a result of this, the project distinguishes itself from the rest of the debit cards operating within the crypto market.
A key feature that the Cloud Card offers includes the Creator Coins’ integration. It is a novel concept enabling a deep engagement of creators with Solana’s financial ecosystem. Though the platform has not yet completely unveiled the specifics, this integration is anticipated to strengthen creators by letting them issue tokens or rewards linked straight to the Cloud Card.