E-Coin Launches VISA-Branded Bitcoin Debit Card

E-Coin Launches VISA-Branded Bitcoin Debit Card

Bitcoin start-up E-Coin has launched a virtual bitcoin debit card that works where VISA is accepted. The virtual bitcoin debit card has until now existed in the realm of possibilities largely due to the idiosyncrasies of the global financial system. E-Coin solves a problem that has affected bitcoin users worldwide. Bitcoin users have had to cope with limited spending opportunities. By combining bitcoin with VISA, users of the virtual prepaid card will now be able to perform all the normal transactions that ordinary cardholders are able to do such as load funds, withdraw, and shop online.....


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Many of you may be familiar with services offered by payment processors such as Neteller in which you can create a virtual credit card and use said card for online purchases, anything that would not involve presenting the card in-person. Well, E-Coin is bringing the same feature into its bitcoin debit card service. If you want a bitcoin debit card to use solely for online purchases or Paypal, this is the way to go. You skip the necessity of waiting for your card to arrive and can start using it immediately. E-Coin uses BitGo multi-sig for security. The team at E-Coin has made it clear that....

Quotes

[I’ve been working on Bitcoin] since 2007. At some point I became convinced there was a way to do this without any trust required at all and couldn’t resist to keep thinking about it. Much more of the work was designing than coding. Fortunately, so far all the issues raised have been things I previously considered and planned for.

Satoshi Nakamoto, Bitcoin Developer