The network launched the polymorphic card early last year, with the startup making plans to expand their clientele over the coming years. According to recent reports, the network intends to distribute just about 9 million of its cards in its first year of trade.
Lanistar Cards can hold up to 8 MasterCard payment cards
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8325/128364_6274bf5744b3cb4d_001full.jpg
The polymorphic cards function as a single point of payment. They have keypads and displays, generating one-time pins and CVV2 codes which expire immediately after use to secure investors' funds.
Lanistar's polymorphic cards
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8325/128364_6274bf5744b3cb4d_002full.jpg
The startup's CEO Jeremy Baber said that they plan to become a big card service provider in the fintech industry. Last year, the UK-based financial service provider launched in Brazil and had planned to issue about 10,000 cards within the region by February this year.
Lanistar restructured their management roles earlier this year, as founder Gurhan Kiziloz stepped down from overseeing the startup's day-to-day business to chair Lanistar Limited. The company then appointed Jeremy, who issued the following statement;
"We have had our challenges, that is undeniable, but the future is bright, and we will launch in multiple countries in H1 2022 and aim to issue 9 million...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...