8 Major Bitcoin Debit Cards: How Private and Anonymous Are They?
CoinTelegraph contacted the eight major providers of Bitcoin debit cards with the question: Can Bitcoin debit cards really be private or anonymous? Below are the results, categorized by region and level of disclosure required. Financial privacy: Bitcoin vs. banks. One of the main advantages of using Bitcoin over traditional funding methods is privacy. When a Bitcoin transaction is sent, its record is permanent and public on the blockchain, but not tied to any particular identity. Many users, such as those who frequented the Silk Road, prefer Bitcoin for exactly this reason: it’s anonymous....
Related News
In an exclusive interview with Bitcoinist, Mr. Brandon from Cryptonit, an organization that promises to offer the most secure platform to trade traditional fiat money such as USD and EUR for cryptocurrencies like Bitcoin, litecoin, Peercoin, Namecoin, etc. says that they are going to launch anonymous debit cards by the end of 2015. Coming from a company that is registered with the relevant authorities in the UK, the anonymous debit cards are expected to gain trust among the cryptocurrency users. Registered Bitcoin Exchange, Complies with the Existing Money Laundering Laws.
One of the hottest tools to mainstream Bitcoin adoption is slowly being rolled out across the international consumer market: the Bitcoin debit card looks set to inject some serious convenience into transacting with digital currency. As promised, and fresh off of the release of the ANX debit card, CoinTelegraph is here to bring you a review of all the major BTC debit cards available on the market right now. Making international payments with fiat debit cards has never been cheap. Banks have been routinely slammed for their unscrupulous fees, which include high rates of commission, poor....
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....
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....