Singapore's 8pip to Sell Prepaid Bitcoin Cards at Retailers
A new pre-loaded bitcoin card launched this week in Singapore, allowing users to buy small amounts of bitcoin and import the value easily into wallet software. The cards come from Singapore startup 8pip, a subsidiary of CoinPip, in denominations of S$50 and S$100 (S$100 = US$80). Each card has a serial number and private key, which buyers then take to the CardToCoin website and redeem the amount loaded on the card. It's CoinPip's second new bitcoin venture in a short time, having recently introduced the SMS wallet/payment system developed by US-based 37coins. The company is also sponsoring....
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Not long ago, Singapore Bitcoin payments system startup CoinPip brought US-based 37coins’ SMS bitcoin wallets to Singapore in a bid to make Bitcoin transactions simpler for the public. Now, Singapore-based startup 8pip wants to go one step further by introducing what it claims are the world’s first Bitcoin prepaid cards. The team will launch the cards at Startup Asia Singapore 2014 on May 7, as well as at Singapore’s first BOOST:Bitcoin event, an event aimed at promoting and celebrating the use of cryptocurrencies. A CoinPip-affiliated company, 8pip’s Bitcoin prepaid cards allow customers....
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....
From the same company that brought you Rebit.ph, Bitstars, Coinage, and Bitmarket, is Prepaidbitcoin. PrepaidBitcoin is essentially what it sounds like. Bitcoin available to be purchased, prepaid. This brings Bitcoin to a familiar interface, as many Filipinos use prepaid cards for everything, from minutes to gift cards. It seemed like the most obvious thing to do in a market like the Philippines. This is the texting capital of the world, and 1 in 4 Filipinos now own a smartphone, and something like 95%+ of all SIM cards are prepaid. People are familiar with prepaid cards and use it in....
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....
Courtesy of Prypto. Cryptocurrency has revolutionized the concept of money. However, people are often reluctant to believe that virtual money can ever replace the physical fiat currency they have grown accustomed to. Even though most people use a variety of digital money services, such as online banking and PayPal, they still think of money in terms of paper currency. Companies must find ways to make cryptocurrency tangible if they hope to convince the average consumer to adopt it as a portion of their financial portfolio. Prypto Scratch Cards Make Cryptocurrency Tangible. Prypto, an Irish....