Kathy Roberts is the CEO of Switch Reward Card, a blockchain-enabled financial program that provides debit card solutions for both crypto and traditional finance platforms.
Kathy Roberts on What Makes the Switch Reward Card Unique
In a recent interview, Roberts talked about herself and what makes the card unique. She said that while she’s always worked in banking, she took time away to raise children and is now entering the blockchain arena. She commented:
The switch is a blockchain-based financial services ecosystem. The blockchain is empowered by a global decentralized node network where node licensees will be rewarded, by the blockchain, with Switch Digital Rewards. The switch offers debit payment solutions for both traditional [currencies] and cryptocurrencies around the world. Currently, our Switch black card is a debit card with a card management app which is in open beta testing, and our Switch trading platform where you can buy, sell, and send cryptocurrencies is in closed beta testing.
When describing how the card works, she mentioned:
Let’s say you have and are hosting a Switch smart node helping to power the Switch node network, which is a Layer-2 blockchain, and you have the Switch trading platform and the Switch black card. Not only could you buy and sell cryptocurrencies with the trading platform, but you could use those converted currencies with your Switch black card to make your daily purchases anywhere VISA is accepted. All the while, you’re earning Switch digital rewards with each transaction as well as by hosting your node. You could also be a consumer of any of these products individually.
While blockchain rewards are nothing new, she believes the way the card handles such rewards is unique and different. She said:
Many rewards programs dictate how you can use them. Can you easily buy a pizza with airline miles? In addition to being on the blockchain, which is a benefit in and of itself, Switch Rewards will have diverse utility… Our focus is on helping our users. One way we’re doing that is our trading platform has both custodial and non-custodial wallets letting our users truly own their digital assets.
When talking about additional benefits of the system, she mentioned:
There are a lot of people who truly live on crypto. They want to be able to pay their bills, buy their groceries, and send money to their friend[s] with crypto. By using the products of our platform, we make that easier to do.
Blockchain Is Getting Bigger
In conclusion, she said:
Blockchain technology is being adopted faster than any other technology and will tap into every industry in some way, not just finance, but the simplicity of having a phone and a small business that connects to the blockchain and the benefits of a decentralized financial system can be life-changing for those who could not previously participate.
