Bitfinex and Blade Payments Partner for Real-time Bitcoin Debit Card

Bitfinex and Blade Payments Partner for Real-time Bitcoin Debit Card

Bitfinex, one of the largest bitcoin exchanges in the world, today announced that it has partnered with Blade Payments to provide real-time debit cards to Bitfinex customers.

By allowing use of the card without preloading currency, the Blade card can be used anytime, providing a frictionless user experience.  Most bitcoin debit cards require that the user first sell bitcoin, then load their card, in order to withdraw fiat currencies.  This new paradigm means those who wish to hold bitcoin only convert the exact amount they wish to spend, without waiting for a sale to go through.

“We are very happy to be providing our users with access to their bitcoin at any time via Blade’s industry-leading debit cards” said Zane Tackett, Director of Community & Product Development at Bitfinex.

“We see the ability to withdraw directly from one’s Bitfinex account using traditional ATMs around the world as a major benefit for our users.”

Customers will be able to use Blade cards for purchases with online merchants, brick and mortar stores, as well as to withdraw cash at millions of ATMs around the world.

Ed Boyle, CEO of Blade, stated

“We are thrilled to be working with Bitfinex, one of the premier exchanges in the world.  Our business is built on simplifying and expediting the process of launching a bitcoin spending card and we are excited to partner with Bitfinex to provide their customers the most sophisticated card in the market.”

Bitfinex believes that a card offering provides its customers a lower cost, more convenient alternative for spending bitcoin and making currency withdrawals. This card program enables customers to link their bitcoin holdings to the card and provide immediate availability of funds for purchases and cash withdrawals without having to first sell their bitcoin and prefund the card with currency.

The card will be made available in the coming months to select group of customers in Europe and Asia, and it will be available for order directly through the Bitfinex website.

About Bitfinex

Bitfinex is the world’s leading Bitcoin exchange, and provides the most advanced trading platform in the digital currency space. A leading source of price discovery, Bitfinex also underpins a large part of the bitcoin economy by enabling merchants, payment processors, individuals and traders access to the deepest pool of liquidity. Founded in 2012, Bitfinex is an established thought leader in the digital currency exchange space, and one of the most secure platforms to have been released.

About Blade

Blade’s Platform-as-a-Service (Paas) empowers digital currency spending worldwide via cards on existing global payment networks.  The Blade model-driven solution handles onboarding, collateralization, risk management, authorization, settlement, and exception processing. Blade’s team of payment experts brings together over 65 years of collective experience in card payments, processing systems development and integration, program management, and regulatory compliance.  The team has launched or integrated over 30 card programs worldwide with billions of dollars in annual transaction volume.


Related News

Amex Veteran Launches White-Label Bitcoin Debit Card Platform

A new platform for payments processing is looking to capitalize on nascent demand for bitcoin-powered debit card solutions. Founded in February, Blade Financial is pitching its service to digital currency companies that want to offer debit card services to customers but lack the resources or capabilities to actually launch a product. Such offerings have proved problematic for some startups, and for Blade, this uneven track record is a big business opportunity. CoinDesk spoke with CEO Ed Boyle, who has previously served as general manager for American Express' prepaid cards unit. Boyle said....

Grab A Bitcoin Debit Card Now!

The Bitcoin industry, with its unique offerings, is grabbing the attention of consumers, and also that of the 'potential' consumers. It is a sign of a positive outlook and augurs well for the future of virtual currency. In the latest development, that has the potential to change the dynamics of this field, the has reported that the Bitcoin exchange Bitfinex has joined hands with the Blade Payments with the aim of providing "real-time debit cards" to its users. As per the details reported, these cards will be able to support payments via Bitcoin easily, without even having....

BIT-X Debit with Real-time Currency Conversion

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....

Xapo Bitcoin Debit Card to Launch This Month

Bitcoin wallet provider Xapo has announced it is to launch its much-awaited bitcoin debit card this month. The card, which caused quite a stir in the bitcoin community in April, will roll out by the end of June to be accepted by any business that accepts debit cards or credit cards from its network partner, says Xapo. The company has yet to disclose the name of the partner and the card network, however. The possibility had been raised that the Xapo card would launch on the MasterCard network, but this turned out not to be the case. However, as industry news site Payments Source points out,....

Bit-X Unveils Bitcoin Debit Cards

UK-based cryptocurrency and mining trading platform Bit-X has unveiled Bitcoin debit card Bit-X Debit Card to enable users to spend their Bitcoins anywhere with ease. Users can withdraw money from ATMs worldwide, direct from their Bit-x account containing BTC, LTC, USD, EUR and GBP. The card also supports online payments and point of sale payments worldwide. To make it even better, Bit-x has announced that it has done away with fees until September. The Bit-x debit card is designated in either USD or EUR, and can be ordered from any country in the world. Initially, there is no verification....