Are Fees Killing the Bitcoin Debit Card Dream?
For the past five years, Bitcoin users have been innovating and creating better ways to make Bitcoin accessible to everybody. In the beginning, it was near impossible to exchange U. S. Dollars for Bitcoin. Now, of course, we use one click of a button on Coinbase, and our transaction completes. It's fast, easy and simple. There's another frontier ahead though that puts users in a difficult boat: using their Bitcoin. Sure, when spending money online through Expedia or Dell it's really easy. One copy and paste and you're on your way. The next big problem is brick-and-mortar stores; to which....
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XAPO Cat is watching you... You may have heard about how XAPO is charging excessive previously undisclosed fees on their Xapo Debit Card, but what you may not know is that they will reimburse you for the third-party monthly fees, in Bitcoin! Though, aside from the $15 shipping fees, XAPO included a few other hidden fees they consider to be "customary fees just as with any other debit card." XAPO Debit Card Fees. XAPO has been under a lot of PR stress lately as they released the fee schedule from their debit card supplier. On August 4th, XAPO posted an update on their news feed which stated....
Bitcoin start-up Xapo is feeling pressure from the community this week following a string of posts on Reddit.com condemning the company for charging fees - something one would expect any business to do in order to remain afloat. And Xapo has taken the opportunity to go on the record and make clear what's going on with fees and shipping in this blog post, which you can click here to view. On acquiring the card: When we announced the Xapo Debit Card a few months ago, we noted that there would be a one-time fee of US$15 in connection with ordering the card. That is still the case. Users who....
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....
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....
BitStamp, which is a bitcoin exchange based in London, recently unveiled its newest product: a bitcoin debit card. This will be available for use among EU citizens and will be accepted anywhere major debit and credit cards are accepted. The debit card will be loaded using bitcoin and its balance can be denominated in British pounds, euros, or U. S. dollars. To secure one, you have to submit a government-issued ID, proof of residence, and certification of funds to determine the spending limit. Bitcoin Debit Card Features. The debit card has three verification stages, with the most basic one....