CoinJelly Exchange to Offer Debit Cards, 'Bank-Level' Services
A new exchange and wallet service based in Australia and Hong Kong says it is building 'bank-level' services around bitcoin, designed to appeal to both serious traders and everyday travelers. CoinJelly will launch two exchanges for high-volume traders, initially for the Southern Hemisphere and then soon after, the Northern. Notably, its consumer wallet option features an ATM/debit card network for use worldwide. In perhaps its most novel approach, though, the company claims it has insured its bitcoin ecosystem against loss for up to AUD$20m ($18.7m), or 20 BTC per customer. Accounts will....
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CoinJelly has announced via Twitter that customer accounts will remain open for a further seven days. The company said 98% of users had already withdrawn their bitcoin and confirmed that it had a "small fund" for those who miss the deadline. Bitcoin exchange and wallet service CoinJelly has announced it is to close all user accounts within 24 hours. CoinJelly's founder and director Ash King said the closures have come about because ownership of his company has changed hands. However, he declined to make further comment about this claimed acquisition, other than "we were not purchased for....
Bitcoin is considered to be the best companion of the tourists. Thanks to the universal nature of the digital currency, it can be used anywhere in the world, provided the merchant accepts it. But now we have bitcoin-powered debit cards. These cards are like normal debit cards issued by banks except that it is connected to a bitcoin wallet. Most of these bitcoin-powered debit cards are connected issued by authorized issuers of well-known electronic payment providers like Visa and MasterCard. These cards will work at any point of sale terminals that are part of the network. This way, people....
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....
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....