Sanctum, in an exciting development for the Solana platform, has joined forces with Jupiter Exchange and BasedApp to unveil the revolutionary Cloud Card, a debit card based on SOL that aims to revolutionize $SOL payments. This collaboration was announced on Sanctum’s official social media account on X.
We are thrilled to be a part of this initiative, as the Cloud Card is LST-based, and the stake from this card will contribute to Jupiter Validator. This means that the growth of Cloud Card will directly benefit Jupiter’s users, leading to higher JupSOL APYs and increased transaction volume!
Sanctum’s Collaboration with Jupiter Exchange and BasedApp Launches the Cloud Card
Sanctum has revealed its partnership with Jupiter Exchange and BasedApp to introduce the Cloud Card, which aims to transform the use of stablecoins and $SOL by consumers. The project has gained support from over a hundred countries, and its goal is to provide an innovative, enjoyable, and seamless payment experience for crypto enthusiasts.
Unlike traditional debit cards, the Cloud Card offers unique features specific to Solana. It leverages the composability of the Solana blockchain, allowing integration with various services and dApps. This enables a more immersive and rewarding experience for users. According to Sanctum, the card allows users to effortlessly utilize SOL tokens and stablecoins, while also earning rewards and enjoying the benefits of Solana’s community-focused ecosystem.
The Cloud Card Emphasizes Consumer Engagement, Innovative Transfers, and Gamified Elements
Sanctum has emphasized that the Cloud Card is more than just a payment tool. The project aims to provide a delightful experience by prioritizing consumer engagement, offering an innovative approach to transfers, and incorporating gamified elements. This sets it apart from other debit cards in the crypto market.
One notable feature of the Cloud Card is its integration with Creator Coins. This unique concept allows creators to deeply engage with Solana’s financial ecosystem. While the specific details of this integration have not been fully disclosed, it is expected to empower creators by enabling them to issue tokens or rewards directly linked to the Cloud Card.
