How do Bitcoin Debit Cards Work?
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....
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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....
Many of you may be familiar with services offered by payment processors such as Neteller in which you can create a virtual credit card and use said card for online purchases, anything that would not involve presenting the card in-person. Well, E-Coin is bringing the same feature into its bitcoin debit card service. If you want a bitcoin debit card to use solely for online purchases or Paypal, this is the way to go. You skip the necessity of waiting for your card to arrive and can start using it immediately. E-Coin uses BitGo multi-sig for security. The team at E-Coin has made it clear that....
Bitcoin debit cards have become more popular over the past two years with various choices on the table for consumers to choose from. Cards enable a user to load the account with bitcoin reserves and spend the funds where major credit cards are accepted. Bitcoin.com decided to review two popular bitcoin debit cards that are currently available to....
SpectroCoin, the U.K.-based bitcoin exchange and wallet, has introduced bitcoin debit cards denominated in USD and GBP, complementing its existing EUR-denominated cards. These cards remove the fiat conversion fees needed with regular debit cards when using a specific denomination in a foreign country. Bitcoin debit cards make it easier for bitcoin holders to use bitcoin for making both online and offline payments. The bitcoin-funded cards remove the need to convert bitcoin into fiat to make payments. The SpectroCoin cards are accepted where MasterCard and Visa are accepted. Users can fund....
Bitcoin is fighting an uphill battle against the current financial ecosystem, and that ecosystem is fighting tooth and nail to keep its dominant position over alternative payment methods. Whereas financial institutions can offer customers a cash-back service for every purchase, Bitcoin users can not enjoy a similar service at this time. It is important....