Bitcoin Lightning Network Better Than Debit Cards For Payments, Why Morgan St...
U.S. bank Morgan Stanley published a report on Bitcoin and its second-layer payment solution Lightning Network. This BTC-based use case enables users to settle transactions in an instant, and records a 410% year-over-year growth, according to Arcane Research. Related Reading | Strike To Integrate Bitcoin Lightning With Shopify: Why It Matters This suggests that people are […]
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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 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....
Coinbase, the largest Bitcoin exchange in the world, has launched debit card payments in the US. The debit and credit card payments were already available to Coinbase’s European customers. Coinbase released the following statement on its website, saying that from the March 1, Coinbase users in the US will be able to buy Bitcoin via their debit cards: The Bitcoin subreddit, /r/Bitcoin, has always had mixed feelings with regards to Coinbase, but the general consensus among the community is that this is a positive development. “Today we’re launching a new Coinbase product (in beta) to users....
Bitcoin wallet provider Xapo has announced it is to launch its much-awaited bitcoin debit card this month. The card, which caused quite a stir in the bitcoin community in April, will roll out by the end of June to be accepted by any business that accepts debit cards or credit cards from its network partner, says Xapo. The company has yet to disclose the name of the partner and the card network, however. The possibility had been raised that the Xapo card would launch on the MasterCard network, but this turned out not to be the case. However, as industry news site Payments Source points out,....
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....