Once Bitten, Twice Shy: Why the Credit Card Network is Ready for a Paradigm Shift
As a victim of the Target credit card hack, and having to work with the bank to replace the stolen identity, this writer can speak first-hand about thinking twice about giving out my credit card again. Not just to Target, but to any store. As the Venture Capital Partner from Andressen Horowizts, Marc Andreessen recently tweeted: Corollary: Giving your....
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A new Bitcoin debit card has been introduced to the U.S. The fully functional Shift card costs US$10 to order and users can spend US$1,000 a day on purchases with preloaded Bitcoin. Now Americans can enjoy a card that’s tethered to their Coinbase account and spend Bitcoin on the go. Disclaimer: Bitcoin.com is not associated with Shift and is not....
A debit card that combines cryptocurrency, loyalty points and fiat money could soon be a reality thanks to Californian startup Shift Payments. Shift's card, currently only compatible with bitcoin and ripple, is in the process of being tested by 100 participants in San Francisco Bay and beyond, according to TechCrunch. Shift's hybrid debit card. The Y Combinator startup began working on a prototype debit card last year. By November 2013 the team had produced a card that could let users spend funds from their Ripple accounts. Since then Shift has also added bitcoin integration via Coinbase.....
There is one thing stronger than all the armies in the world, and that is an idea whose time has come. - Victor Hugo. French poet and writer. 1802 - 1885Historians may look back on these current days with fascination. We may be living through the beginning of one of the biggest paradigm shifts in modern human history. The way the world actually thinks about money and stored value might be changing in a tidal wave of recognition. This article will define what a paradigm is and what a paradigm shift looks like. Perhaps we may understand how to prepare and perhaps benefit from the embryonic....
A recent report published by Citi suggests that bitcoin could challenge or even supplant some traditional payment services if adoption widens in future years. According to Citi GPS, a corporate publication owned by the financial institution, the technology underlying digital currencies has the potential to disrupt current-day payments structures. It cites debit/credit card systems and remittance services in particular, saying: "The essential innovation in bitcoin is that it can eliminate the need for a 'trusted intermediary' when the principals in a transaction do not trust each other.....
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....