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ZelLabs & Merchcoins Partner to Add Gift Card Tokens to ZelCore

ZelLabs & Merchcoins Partner to Add Gift Card Tokens to ZelCore

Zel Official

Zel Official Follow

Aug 5, 2019 · 2 min read

Maintain custody of gift card tokens directly in ZelCore Desktop & Mobile for Best Buy, Home Depot, Lowes, Starbucks, Target, Walmart, with more to come

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ZelCore + Merchcoins

We are happy to announce that ZelCore will be integrating Merchcoins into their multi-asset wallet. Users will be able to purchase and hold their Target, Starbucks, Best Buy, Walmart, Home Depot, and Lowe’s backed ERC20 stablecoins on the ZelCore wallet. Merchcoins holders will be able to maintain custody of their assets, along with 150+ other assets, on their Desktop and iOS/Android applications.

How Merchcoins Works

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from: Merchcoins.com

Merchcoins are backed by both digital currency and ready-to-go gift card codes. Merchcoin assets act as fiat-locked stablecoins via ERC-20 tokenization.

On redemption of a Merchcoin, our Merchcoin wallet will send the redeemer a ready-to-go gift card code either directly or by purchasing the underlying gift card with our digital currency float.

For more info on Merchcoins and wrapped gift card tokens, see merchcoins.com or reach their team at [email protected]

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Written by Zel Technologies, GmbH — 05 Aug 2019 — Rev. 1

<https://zel.network>
<https://merchcoins.com>

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