Shift Developing Hybrid Fiat and Bitcoin Debit Card
A debit card that combines cryptocurrency, loyalty points and fiat money could soon be a reality thanks to Californian startup Shift Payments. Shift's card, currently only compatible with bitcoin and ripple, is in the process of being tested by 100 participants in San Francisco Bay and beyond, according to TechCrunch. Shift's hybrid debit card. The Y Combinator startup began working on a prototype debit card last year. By November 2013 the team had produced a card that could let users spend funds from their Ripple accounts. Since then Shift has also added bitcoin integration via Coinbase.....
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A new Bitcoin debit card has been introduced to the U.S. The fully functional Shift card costs US$10 to order and users can spend US$1,000 a day on purchases with preloaded Bitcoin. Now Americans can enjoy a card that’s tethered to their Coinbase account and spend Bitcoin on the go. Disclaimer: Bitcoin.com is not associated with Shift and is not....
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....
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Bitcoin debit cards combine the best of both traditional and digital currency systems. The ease of swiping the card at a PoS, as it has been done for decades is now combined with the advanced digital currency of this generation. Bitcoin debit cards are one way of paying for goods and services at any place with a PoS machine irrespective of whether they accept digital currency or not. Coinbase now offers the same convenience to its customers with the newly launched Shift Card. The new Shift bitcoin debit card was launched earlier on Friday by Coinbase, the leading bitcoin wallet and....
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....