New prepaid credit card funded by bitcoins

New prepaid credit card funded by bitcoins

Prepaid credit cards are not new. However, a prepaid credit card that can be funded with bitcoins is. The BitcoinCard is a credit card that can be funded via BTC. Don't get too excited though, as this card does not let you transmit bitcoin via the card. Despite the website's UK top level domain, the company informed us that the card primarily holds Euros. When we contacted The Bitcoin Company, who are offering this card, a representative told us: "The card works as a normal prepaid credit card. The difference is users can buy it with bitcoins, and fund it with bitcoins." It's not clearly....


Related News

Prepaid Debit Cards to Be Heavily Regulated, Bitcoin Cards Will Become Alternative

Prepaid debit cards will become subjected to tightened regulations proposed by the Consumer Financial Protection Bureau by October 2017. According to Lauren Saunders, the associate director of the National Consumer Law Center, the standard of regulation for prepaid debit cards will match that of bank accounts and bank-issued credit cards in terms of loss compensation, fee disclosure, and overdraft fees. Saunders announced: “The rules bring prepaid cards out of the shadows, with protections that in many ways are stronger than those for traditional bank accounts.” Newly implemented....

Mounting Credit Card Fraud Forces Giant Food Policy Change

Credit card fraud remains one of the biggest financial threats to consumers all over the world. Giant Food, a grocer in the Washington area, has stopped accepting credit card payments when buying gift cards or prepaid debit cards. It does not happen often retailers stop accepting one of the more popular payment methods in the world today, but Giant Food saw no other options. The grocer has been dealing with massive amounts of fraudulent credit card transactions by customers buying prepaid debit cards or gift cards to use at the store. In fact, the store has put a clear sign at the checkout....

Bitit Sells Bitcoin at 100,000 Stores

Billing itself as “the easy instant access to Bitcoins,” Bitit, a Paris, France-based bitcoin sales platform, allows people to buy bitcoin for cash or credit card in stores and online. The vouchers and prepaid gift cards are available at 100,000 stores. There is a map of the stores on the company website. Bitit’s goal, according to its website, is to make the cryptocurrency available to people in less than 10 minutes through prepaid cards or vouchers. Once a user has a Bitit code, they can redeem their voucher or prepaid gift card online, provided they have a bitcoin wallet. If they don’t....

Hong Kong Bitcoin Exchange ANX Issues Bitcoin Debit Card

Today, ANX announced that they would be issuing the world’s first Bitcoin Debit Card, with shipping to start very soon. The Debit Cards will be available first to existing ANX Bitcoin Exchange customers who have already completed all verification steps. The development of Bitcoin Debit Cards has been ongoing for many months across several different competitors, and the community as a whole is eager to try out the different offerings. “We believe prepaid cards will play an integral role in a Bitcoin consumer’s day-to-day financial life,” said Ken Lo, Chief Executive Officer of ANX. “As a....

Bitinvest Launches Prepaid Bitcoin Debit Card

Coincard is a prepaid debit card you can load with bitcoins. Bitinvest is a Brazilian company that provides users a market to buy, sell, and store digital currencies. At the moment, Bitinvest only supports bitcoin and Litecoin, but the exchange plans to support other currencies in the future. Today, Bitinvest announced a new, simple way to use bitcoin practically anywhere in Brazil. It's called Coincard, and it's a prepaid MasterCard debit card that can be loaded with BTC. How it Works. Using a Coincard couldn't be simpler. After signing up for the card, Bitinvest will deliver it anywhere....