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....
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Leading Brazil-based digital currency exchange BitInvest has launched the Coincard, a bitcoin-friendly prepaid MasterCard. The concept is simple. The card can be topped up with bitcoins, but you can use it pretty much like any other MasterCard. Similar concepts have been employed by Cryptex and BitPlastic. BitPlastic has been around for a while, though it has attracted plenty of criticism over its pricing scheme, among other issues. Cryptex, on the other hand, is new to the game: it announced its AML/KYC compliant Cryptex Card earlier this week, which can be used in 80 countries. Coincard....
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....
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....
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....
Bitcoin of America offers a number of convenient ways to transfer your bitcoin or litecoin to commonly used USD payment gateways like prepaid debit cards or a PayPal account. Read the guides below to find the method that’s best for you. Most commonly, bank transfers are used to transfer bitcoin, but using popular fiat gateways like PayPal and Prepaid debit cards can make it easy to spend Bitcoin and Litecoin anywhere that accepts USD. Sell Bitcoin to Prepaid Debit Card Want to spend your crypto at any location across the globe that accepts debit cards, to make purchases of goods and....