Terra Luna Classic to Offer Decentralized Debit Card, Aiming to Drive Massive Adoption – Could This Catalyst Propel the Price to $1?

The Terra Luna Classic community is buzzing with excitement over a transformative proposal to introduce a decentralized debit card specifically designed for LUNC, the native cryptocurrency. The debit card aims to skyrocket utility and transactions within the eco, promising a seismic shift in how cryptocurrency is used in everyday life. Breaking news via Binance Feed.

A Revolutionary Proposal

Proposal 11750, dubbed the “LUNA Classic Decentralized Debit Card,” is currently open for votes on the Station wallet platform. According to the proposal, a new but anonymous validator suggests creating a debit card that will enable users to spend LUNC at supermarkets, coffee shops, and a wide array of retail outlets. While specifics are scant at this stage, the community is already rallying behind the idea. A staggering 96.33% have voted in favor, with well-known validators like Garuda Universe and Coinpayu among those voicing their support.

Secure LUNA Validator Paves the Way

The proposal comes from an anonymous entity known as the “Secure LUNA Validator.” They plan to use their own funds to promote the development of this debit card while ensuring the highest levels of security within the Terra Luna Classic validator eco. Voting ‘YES’ on the proposal, according to Secure LUNA Validator, will further endorse and bring in new validators, thereby enhancing the overall experience for the community.

Potential Impact on Eco and Market

The introduction of a debit card can serve as a magnet for external investment and potentially inflate on-chain transactions. The Terra Luna Classic community views this as a monumental step to restore and amplify utility within the blockchain. Meanwhile, LUNC currently trades at a meager $0.000064, down 1% over the past 24 hours. This proposal could act as a catalyst, driving up the price and adoption rates simultaneously.

Upcoming Core Upgrades

Parallel to this proposal, Terra Luna Classic’s development team, L1 Terra Classic Task Force (L1TF), is in the final stages of readying the v2.2.0 core upgrade. This critical update includes a cosmos SDK upgrade, tendermint migration to CometBFT, and transitions to IBC-go v6 and wasmd. Although this upgrade is separate from the decentralized debit card proposal, it signifies the chain’s ongoing commitment to innovation and improvement.

The simultaneous development of a decentralized debit card and crucial upgrades could be the push Terra Luna Classic needs for widespread adoption and a potential price surge. As the clock ticks, the crypto community watches with bated breath to see if this proposal becomes the linchpin for Terra Luna Classic’s ascent into mainstream usage.