Stricter Pre-paid Debit Card Regulation to Affect Bitcoin Companies
Debit cards seem to be one of the most popular solutions for global consumers to spend their precious funds. Unlike a regular credit card, debit cards have a pre-paid option, which requires users to top up their cards’ balances before they can pay for goods and services. However, debit cards rely on centralized services to complete funding and spending....
Related News
BitStamp, a well-known bitcoin exchange, launched its prepaid bitcoin debit card for the European market. These can be used anywhere major credit or debit cards are accepted. In addition, the bitcoin balance loaded on the card can be converted to U. S. dollars, British pounds, or euros. The most basic version of the bitcoin debit card does not involve any identification verification but it also comes with the lowest annual spending limit of 2,500 EUR. The highest level of the card requires the submission of a government ID, proof of residence, and proof of income for the user to avail of....
European Bitcoin exchange BitStamp launched a pre-paid debit card that can be loaded with bitcoin on Wednesday. According to the London-based exchange, the debit card is accepted at anywhere major credit and debit cards are accepted. The card's balance can be denominated either in British pounds, euros or American dollars. The debit card has three stages of verification, each with its own spending limit. The most basic stage requires no know-your-customer verification and allows for €2,500 worth of transactions annually. Government ID, proof of residence, and a certified source of funds....
The demand for a Bitcoin debit card that has real-time currency conversion feature has long been there; not many companies tried to bring it. Gauging the demand, the BIT-X Debit Card which can truly be called a revolutionary debit card with real-time currency conversions has been launched in the market. Using this debit users can shop online anywhere and pay for goods & services as well. Additionally, as the BIT-X debit card allows users to withdraw cash at ATMs worldwide using any of balances that include BTC, LTC, USD, EUR and GBP, it is expected to become popular a lot around the....
BitStamp, which is a bitcoin exchange based in London, recently unveiled its newest product: a bitcoin debit card. This will be available for use among EU citizens and will be accepted anywhere major debit and credit cards are accepted. The debit card will be loaded using bitcoin and its balance can be denominated in British pounds, euros, or U. S. dollars. To secure one, you have to submit a government-issued ID, proof of residence, and certification of funds to determine the spending limit. Bitcoin Debit Card Features. The debit card has three verification stages, with the most basic one....
A cryptocurrency exchange in Europe announced the launch of a Next gen 2.0 bitcoin debit card, which is in compliance with the region's financial regulators. Danish exchange CCEDK said that the Bitcoin Debit NanoCard Next gen 2.0 bitcoin debit card will enable withdrawals from their multi cryptocurrency exchange to ATMs and Next gen 2.0 bitcoin debit card-enabled merchants worldwide. Bitcoin Debit Card Features. Critics have noted that this bitcoin debit card doesn't guarantee anonymity or privacy protection unlike competitors such as BitPlastic. However, the fraud protection feature might....