In an exciting new development for the Solana platform, Sanctum has announced a collaboration with Jupiter Exchange and BasedApp to launch the Cloud Card, an innovative debit card designed for $SOL payments. This announcement was made on Sanctum’s official social media account on X.
Jupiter Exchange is excited to participate and noted that the Cloud Card will be a Liquid Staking Tokens (LST) based project. This implies that the card stakes will be channeled to Jupiter Validator, which in turn will benefit the users. Consequently, the expansion of the Cloud Card will result in higher annual percentage yields (APYs) for JupSOL and increase transaction volume to the community’s benefit.
Cloud Card Promises Enjoyable Experience for Crypto Transactions
The Cloud Card is an extension of the Sanctum experience and is meant to be unique compared to the other debit cards in the market. It was developed with Solana ecosystem features in mind, and the main focus is on the enjoyment and interaction of the users. The Cloud Card’s creators say that the project will provide users with an enjoyable experience while they earn and spend their money.
In addition to payment-related services, Sanctum has claimed that the Cloud Card will provide a fresh and exciting experience. It will be oriented towards consumer behavior, offer new ways of transfers, and have gameplay elements. Cloud Card differs from other frequent debit cards in the cryptocurrency market.
Another uniqueness of the Cloud Card is its compatibility with Creator Coins. This new concept is meant to improve the connection between creators and the Solana financial ecosystem. While there is no official information about this integration yet, it is believed that it will empower creators since they will be able to create tokens or rewards related to the Cloud Card.
The Cloud Card will be officially released by the end of this year in the fourth quarter. All interested persons are advised to subscribe to the waiting list through the link shared in the announcement. With this new card, SANCTUM is working to transform the methods of making $SOL payments and create a strong community within the Solana ecosystem.
