Cryptex Bitcoin Debit Card 'Works on 90% of US ATMs'

Cryptex Bitcoin Debit Card 'Works on 90% of US ATMs'

Hong Kong startup Cryptex has launched a new 'bitcoin ATM debit card' that the company claims should work with as many as 90% of US ATMs, plus thousands more worldwide. The Cryptex Card is an unusual hybrid that allows users to take out cash on standard bank ATMs, but with the source of the funds being, indirectly, your bitcoin wallet. The user does not actually make direct bitcoin-to-fiat exchange transactions via the card, however. First the card user must send bitcoins to a linked Cryptex bitcoin address. Next, a specified amount of these bitcoins are converted into fiat currency, which....


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