Bitcoin debit card iBTCard will offer lower processing fees for merchants
A new way to pay by bitcoin is on the horizon, a bitcoin debit card called iBTCard. That name stands for International Bitcoin Transfer Card. The company behind the project, Tradecoinz LLC, is hoping to provide an alternative payment method to VISA and MasterCard, but in a way that most people can recognise and understand. We spoke to the founder and CEO of Tradecoinz, Cameron Halter, who told us that iBTCard will register with FinCEN as a money services business (MSB). He also stated that there will be policies in place to prevent theft and money laundering. One of those methods is a....
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It's almost essential today for merchants to accept credit or debit cards. Indeed, it is often the only form of payment in a customer's wallet. However, in exchange for accepting cards, merchants must pay for a number of services that they may not need or want as part of the blanket fees charged by payment processors. There are even some examples where merchants offer customers a discount in exchange for paying in cash, such as gas stations in the US, which often advertise a cheaper price to customers using physical money. The card companies, banks and payment processors cooperate together....
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