BitInstant's Debit Card - The Final Push to Critical Mass
Recently, BitInstant CEO Charlie Shrem announced that his company would be releasing a new product: a Bitcoin prepaid debit card. The product is scheduled to come out in six to eight weeks, and would cost $10, although Shrem announced that the first thousand cards would be given out for free; for those who are interested the signup form is already....
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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....
Bitcoin continues to confidently make its way to mass adoption. The replication of traditional financial system elements was always an unavoidable attribute of this process; and finally, it came to debit cards. Someone thinks that entering debit cards makes intuitive sense in terms of making Bitcoin spending mainstream; someone thinks of it as of temporary solution in a way to something more. We’ve explored, what makes this market tick and how will it develop in the near future. Small, yet impactful. Bitcoin debit card market is quite new, and there’s not really much to tell about its....
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....
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....
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....