Canada-based iBank Digital has collaborated with artist Cao Jun to launch limited edition digital gift cards.
Dubbed, iBank XPass the card was designed by a Chinese Artist called Jun. Living in the US, Jun was hired by iBank Digital and Art Impact Foundation to develop the limited edition of 10,000 digital gift cards.
Go deeper with GlobalData
The designs of the card are based on three of Jun’s paintings. These are ‘Purple Pavilion and Cyan Cloud’, ‘Once in a Millennium’ and ‘Spring’s News’. Furthermore, Pundi X and IOST Blockchain power the designs.
The newly launched crypto debit card can be used in over 25 countries. These include the US, the UK, Spain, Singapore, Canada, Germany, South Korea, Switzerland, Taiwan and also Australia.
iBank Digital managing director David Yoo said: “We are very excited to announce this collaboration in the blockchain space with the renowned artist Cao Jun.
“This partnership signifies a major movement into the world of distributed ledger technology for the fine arts industry and an acceptance by the market that ownership of rare collectibles can be represented and transacted via blockchain technology.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataAn initial pre-release of 4,000 limited editions of these cards will be available during Consensus Week 2019 in New York.
iBank Digital will also donate 1000 gift cards to Cao Jun’s art fans.
Concurrently, iBank Digital also launched a blockchain platform to collateralise rare collectibles onto the IOST blockchain.
