Amon is a financial platform that provides a practical debit card.
Debit cards to leverage cryptocurrencies are still relatively rare and sometimes complex to use.
In addition, given the very large number of cryptocurrencies available and in combination with the volatility of the market, it can be difficult for users to choose which of the cryptocurrencies they own to use to optimize the profit during the purchase phase.
Amon: the card based on artificial intelligence
On the official website of Amon you can read how the main functionality offered is to help users use their cryptocurrencies at that time most precious to make purchases in real time.
Amon alternatively also allows the use of its own AMN token.
The proprietary artificial intelligence algorithm called AAIS (Array Intelligent Aystem) has the task of analyzing the user's cryptowallet. After that, it will decide the currently most convenient cryptocurrency to use, taking into account various factors such as historical data and the user's risk profile.
The algorithm shows the user the coin with the highest value at that moment. The user can then decide to accept the suggestion or choose another currency to purchase the asset.
Amon: 3 methods of purchase
Amon cardholders will be able to choose between three different purchase methods. The simplest way is to program the wallet to allow payment with a single currency.
The second is to personally select which of your currencies to use after swiping your debit card.
The third involves getting help from Amon's Array Intelligent Aystem (AAIS) algorithm.
To date, the card only supports 3 cryptocurrencies: bitcoin (BTC), Litecoin (LTC) and AMN proprietary token but other ERC 20 tokens should be added with the next releases.
Italian founders
The four co-founders of Amon come from Italy and Australia. Chief Executive Officer Daniele Izzo previously co-founded another platform for the legal market, AvvocatoFlash. The latter has thrived in the Italian market, with over 5,000 lawyers involved and over 20,000 legal cases handled per year.