What is Spendcoin?

Spendcoin is decentralized digital currency that currently operates on the Ethereum network which is used to access services on the Spend ecosystem of products, may be used as a currency at over 45 million locations worldwide, and a rewards point for our Spend Card holders. Spendcoin has a variety of other utility as well.

Spendcoins (SPND) will be distributed to users worldwide for free. The Spend Foundation is launching this project without an ICO with the support of our partners and community. Users may receive SPND within Spend ecosystem of products through Proof-of-Purchase.

Spendcoin was created by the Spend Foundation to act as a membership reward and access digital currency to the Spend ecosystem of products. Spendcoin has a wide array of current functions on the Spend platform. Spendcoins today may be used as a utility token for:

• Spend Card Membership
• Convert to Fiat at 45M Locations Worldwide
• Use Towards Spend Business SDK Services
• Redeem Towards Fees With Discounts
• Use as Collateral For a Loan Purchase
• Instant Digital Gift Cards
• Use as a Payment Method on Spend Pay & Shop
• Spend VIP Membership
• Enhanced Referral Rewards

Spendcoin will also be the native cryptocurrency for Spendchain, a high-speed interoperable payments blockchain, which can be used to secure the network, pay for fees, and earn through block rewards.