Introducing the Community’s First True Crypto Debit Card, Issued and Processed by MasterCard

Introducing the Community’s First True Crypto Debit Card, Issued and Processed by MasterCard

BIT-X is proud to announce the official release of its Bitcoin Debit MasterCard, the community's first true Crypto debit card, issued and processed by MasterCard and BIT-X's bank partner.

The BIT-X MasterCard can be used to shop online, pay for goods and services, and withdraw cash at ATMs worldwide using any of a user’s balances in the form of BTC, LTC, USD, EUR or GBP.

Cards are denominated in either USD or EUR and can be shipped anywhere in the world. Similarly, they can be used anywhere in the world where MasterCardTM is accepted; at ATMs, and point of sale (POS) and online vendors. No verification is necessary to begin using the card. User side verification will allow for higher card limits.

There is no need to manually fund cards for each use as funds are situated directly in a user's BIT-X wallet. Once the card is used, Bitcoins are exchanged. These funds are not exchanged before hand, not after but at the time of the transaction, at the current market exchange rate. Price volatility is no longer an issue!

For more information on the BIT-X MasterCard please visit the following: https://card.bit-x.com/

About BIT-X.com

BIT-X offers users a licensed Crypto-Currency and mining trading platform. Secured with two- factor user authentication, multi-signature addresses & transactions and PCI DSS certification, the platform is efficiently delivered with comprehensive professionalism and meticulous attention to every detail. Trading currencies include BTC, LTC, USD, EUR, GBP and GHs. Mining capacities are provided by BitFury.


Related News

BTC-e Enables Fund Withdrawals Using MasterCard and Visa Cards

Notoriously tight-lipped bitcoin exchange and CoinDesk Bitcoin Price Index member BTC-e is now allowing customers to withdraw funds to Visa and MasterCard debit and credit cards, with some exceptions. The company blog post, issued on 21st March, indicated that the new program is now available to customers in any country, using any currency. All customers will pay a 5% fee for the service. The new functionality is noteworthy as it will allow customers to send money to debit and credit cards issued by two of the largest and most commonly used international card issuers. At present, the....

ZelaaPayAE: UAE Will Now Have a Crypto Debit Card

PRESS RELEASE. ZelaaPayAE, with a vision to build and improve the financial structure, introduces a Crypto Debit Card with the ability to be swiped not just in UAE but also globally. Partnering with Baanx, ZelaaPayAE is providing Mastercard enabled Debit Card featuring personalized cards with a low monthly fee and extreme accountability. What makes it stand out is the true ability to support a unique 5 multicurrency BIN which would enable you to spend in 8 currencies (USD, CNY, JPY, GBP, and others) with Mastercard Spot price i.e., Zero Forex mark up. The Fundamental utility is not in the....

BTC-e Announces Fund Withdrawals to VISA or MasterCard Holders' Credit/Debit Cards

One of the top exchanges in the cryptocurrency space, BTC-e, has announced today that they're allowing traders to withdraw funds to VISA or MasterCard-issued credit/debit cards. According to the exchange, the withdrawal method can be done "in any country and in any currency", but notes that all transactions take place in U. S. Dollars, meaning that if a cardholder's card does not go by USD, it will be converted as per the VISA/MasterCard (or bank) rate. While most users should not have any issues, BTC-e warns that MasterCard Maestro and VISA Electron cards are not supported by their payout....

Barclays Debit Card Authentication Bypass Lets Merchants Empty Customer Bank Accounts

It is no secret the world of traditional finance is in peril. Lack of innovation for over fifty years has created a void that needs to be filled sooner or later. New payment methods, such as credit cards, are being used on the Internet en masse, without ever being designed to complete that task. Barclays bank has now admitted its debit card authorisation process can be bypassed, and they have no clue on how to fix this issue. Whenever a consumer pays with a debit card online, it will be verified by the issuing bank to see whether or not all of the information has entered correctly. Unlike....

Xapo Announces New Bitcoin Debit Card Offering

MasterCard has contacted CoinDesk to reiterate that it does not have a relationship with Xapo, and that it had no knowledge of the company's planned product launch. The company added: "MasterCard does not have a relationship with Xapo. There is no card program currently available." UPDATE (25th April 02:30 BST): Xapo CEO Wences Casares spoke to CoinDesk to clarify the situation, stating that the company is currently working with an undisclosed bank to launch the open-loop debit card product, but it has yet to select a credit card network with which to power the offering. However, it was....