Groestl Coin is soaring after announcing the launch of their first debit card that will be backed by Mastercard. The coin announced this news through a tweet on March 11, 2019 unveiling the card. The announcements states:
Use it in any retail/online shop that accepts MasterCard debit cards, and Withdraw cash at any MasterCard-compatible ATM.
It is worth mentioning that Groestl Coin previously unveiled their partnership with the PolisPay payment platform on March 08,2018. This was the underlying factor that helped make the new debit card possible, using the PollisWallet.
As soon as the announcement was made, the price and volume of GRS rapidly increased. The average volume before the announcement was roughly around $3,000,00 with the volume after the announcement being over $450,000,000 for an increase multiplier of 150x. The current price has risen to just under $.72, from $.39 US dollars before the announcement.