Hong Kong Exchange ANX Aiming to Issue Bitcoin Debit Card
Hong Kong-based bitcoin exchange ANX has announced that they are issuing their very own reloadable pre-paid bitcoin debit card, allowing members of the exchange to make purchases and conduct cash withdrawals internationally via "via an extensive global network of retailers, online merchants and ATMs." ANX thinks that using bitcoin through traditional finance systems could very well be the future of this digital currency. "We believe prepaid cards will play an integral role in a Bitcoin consumer's day-to-day financial life," said exchange Chief Executive Officer Ken Lo. "As a market leader....
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We received an email this morning from Hong Kong exchange ANX on the topic of the company's recently-announced bitcoin debit card, which allows customers to easily spend their bitcoins at many locations that take traditional debit cards. Not surprisingly, the cards were very much in demand. "Our World's First Bitcoin Debit Card Launch was very successful," wrote a company spokeswoman in an email to the press. "All cards were sold out within 24 hours." And while we haven't been hearing any first-hand accounts from customers, the spokeswoman noted that people do seem to be enjoying them. "We....
Hong Kong Bitcoin Exchange ANX recently announced that they would be issuing the world's first Bitcoin Debit Card. The first round of debit cards have been shipped to verified users, second rounds will be shipped this week, and I wanted to speak with someone at ANX about the announcement along with their plans. Ken Lo, Chief Executive Officer for ANX, took time to sit down with CCN to talk about his philosophy, ANX's security, the fees associated with the card and their plans upon the card's success. CCN. I'd like to start in the beginning. What was the philosophy behind the decision for....
Hong Kong startup Cryptex has launched a new 'bitcoin ATM debit card' that the company claims should work with as many as 90% of US ATMs, plus thousands more worldwide. The Cryptex Card is an unusual hybrid that allows users to take out cash on standard bank ATMs, but with the source of the funds being, indirectly, your bitcoin wallet. The user does not actually make direct bitcoin-to-fiat exchange transactions via the card, however. First the card user must send bitcoins to a linked Cryptex bitcoin address. Next, a specified amount of these bitcoins are converted into fiat currency, which....
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....
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....