Why Bitcoin Debit Cards is a Small, But Promising Industry Sector
Bitcoin continues to confidently make its way to mass adoption. The replication of traditional financial system elements was always an unavoidable attribute of this process; and finally, it came to debit cards. Someone thinks that entering debit cards makes intuitive sense in terms of making Bitcoin spending mainstream; someone thinks of it as of temporary solution in a way to something more. We’ve explored, what makes this market tick and how will it develop in the near future. Small, yet impactful. Bitcoin debit card market is quite new, and there’s not really much to tell about its....
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Mainstream users require a debit card in order to make Bitcoin and other cryptocurrencies a part of their daily lives. What is the result of this year and what is the future of the Bitcoin debit card market in 2016 & 2017? CoinTelegraph interviewed Ted Rogers, the president of XAPO, one of the world leading companies issuing Bitcoin debit cards. CoinTelegraph: There are dozens of Bitcoin debit cards in the world. Are there any statistics about this market, that are gathered by any association? How can we know, who the leaders are in this market? Ted Rogers: Unfortunately, no one....
In the past year or so, a new trend has emerged in the world of Bitcoin in the form of digital currency debit cards. Several companies are trying to make a name for themselves in this market, with the likes of Xapo and ANX being two of the major names. E-coin, a UK-based company, may have a leg up on their competitors though as their Bitcoin debit card is available right now for a very small fee. E-coin is not the name of just another altcoin, as it is a UK-based company offering Bitcoin debit cards to their customers. As you would come to expect, the overall community is rather wary of....
Cryptocards have opened up a new set of customers for the electronic payments sector as it offers them a way to spend their cryptocurrency at any place that accepts card payments. The electronic payments sector is a huge industry that is growing at a rapid pace. The growth of population increased spending power combined with multiple payment options has been the greatest contributing factor for its growth over the years. The advent of cryptocurrencies opened up a whole new section of electronic payments waiting to be capitalized upon by the credit/debit card issuers, payment processors and....
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....
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....