Expresscoin Expands Into Canada, Offers Debit Card Payments
Digital currency retailer expresscoin has launched a Canadian branch of its business, in the first phase of its expansion beyond the US market. Expresscoin, which is based in Santa Monica, California, offers customers the opportunity to buy bitcoin, litecoin, dogecoin and blackcoin with debit cards, while importing wallet addresses from other services into their accounts. Its Android app lets users manage their accounts and wallets, and track both orders and balances from their mobile devices. The firm's CMO and co-founder Joseph Hsieh told CoinDesk: "This is our first step into another....
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Hong Kong-based exchange ANX is introducing a reloadable debit card that can be used across the globe. ANX customers load their cards from bitcoin balances (effectively selling bitcoins to ANX) or from any of the 10 international currencies the firm currently supports. The stored currency on the cards, however, is always US dollars. The cards can then be used worldwide at any merchant that accepts debit cards and at regular ATMs to withdraw cash, though, again, all amounts will be debited in USD. ANX charges a 2.5% fee to load the cards, which is deducted from the deposited amount. There....
Morning Consult conducted a national survey of 1,999 registered voters in the U.S. from Oct. 13 -15, 2016, and came up with data that shows that more than six in ten consumers want a repeal of the merchant markup, known commonly as the Durbin Amendment of the Dodd-Frank Act. As a part of the 2010 Dodd-Frank Act, the Durbin Amendment lowered debit card interchange fees — charges that stores pay banks every time a customer swipes a debit card to make a purchase — costing consumers an estimated $4 bln annually. According to the Federal Reserve, a transaction involves five main parties: the....
UK-based cryptocurrency and mining trading platform Bit-X has unveiled Bitcoin debit card Bit-X Debit Card to enable users to spend their Bitcoins anywhere with ease. Users can withdraw money from ATMs worldwide, direct from their Bit-x account containing BTC, LTC, USD, EUR and GBP. The card also supports online payments and point of sale payments worldwide. To make it even better, Bit-x has announced that it has done away with fees until September. The Bit-x debit card is designated in either USD or EUR, and can be ordered from any country in the world. Initially, there is no verification....
Coinbase has introduced the first U. S. -issued bitcoin debit card, the Shift Card, in partnership with Shift Payments. The Shift Card is a Visa debit card that currently allows Coinbase users in 24 states to spend bitcoin both online and at physical points of sale at more than 38 million merchants worldwide. "Merchant adoption has come a long way over the past few years, but it's still difficult for people to make regular purchases with bitcoin," notes the Coinbase announcement. "Buying gas at a local gas station or groceries at a neighborhood grocery store with bitcoin has not been....
One of the newer developments in the bitcoin industry is the introduction of bitcoin debit cards, which aims to revolutionize day-to-day transactions. It functions as a typical debit card with an amount already stored and payments can be made by deducting from the balance. Several companies such as BitPlastic and Xapo offer bitcoin debit cards, which allow clients to convert bitcoin to cash and withdraw from terminals. It also allows the owner to accept bitcoin payments using the QR code on the card. BitPlastic vs. Xapo. Reviewing these two companies offering bitcoin debit cards shows that....