Bold Credit Card: Spend Against Bitcoin Collateral
The Bold card will allow users to spend U.S. dollars on a line of credit collateralized by their bitcoin holdings.Bitcoin company Bold announced on Thursday it would launch a credit card to enable customers to spend against bitcoin held as collateral and earn BTC rewards on every purchase.The offering differs from products made popular over the past couple of years because instead of allowing users to spend their bitcoin, it encourages them to HODL their coins and spend fiat money, like U.S. dollars, instead.“The Bold card lets you spend on a line of credit collateralized by bitcoin held....
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Nexo has officially launched its cryptocurrency credit card in collaboration with Mastercard after announcing the project back in 2019. Major cryptocurrency loan company Nexo has officially launched a crypto-backed Mastercard card enabling users to pay for services with cryptocurrencies like Bitcoin (BTC) without selling their crypto.Nexo has partnered with Mastercard and the peer-to-peer payment startup DiPocket to launch the Nexo Card, a crypto card allowing cardholders to use their crypto as collateral rather than selling it, the firm announced to Cointelegraph on Wednesday.The card is....
Prepaid credit cards are not new. However, a prepaid credit card that can be funded with bitcoins is. The BitcoinCard is a credit card that can be funded via BTC. Don't get too excited though, as this card does not let you transmit bitcoin via the card. Despite the website's UK top level domain, the company informed us that the card primarily holds Euros. When we contacted The Bitcoin Company, who are offering this card, a representative told us: "The card works as a normal prepaid credit card. The difference is users can buy it with bitcoins, and fund it with bitcoins." It's not clearly....
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....
Next time you're paying for some of your consumer grade what-have-yous, you might think twice when your cashier asks, "credit or debit?" As CNN reports, credit cards are not a secure form of payment. Nearly all of them are at risk of being hacked. 90% of credit card readers currently use the same password. Lack of responsibility and apathy are leading to the problem. "No one is changing the password when they set this up for the first time; everybody thinks the security of their point-of-sale is someone else's responsibility," Trustwave executive Charles Henderson said. "We're making it....
ACI Worldwide, a Florida-based payment system firm, has released a study which revealed that more than one third of Singaporeans have faced card fraud since 2014. The statistic demonstrates the seriousness of the underlying vulnerabilities discovered in the security systems of credit card operators and credit card networks. Technically, when a credit card purchase is made either online or at a physical location, the private key of the credit card is retrieved by the processing party. That means, the business or person receiving the credit card payment holds the responsibility of storing....