Tech content trusted by users in North America and around the world
6,729 Reviews & Articles | 46,219 News Posts

Bitcoin-funded debit/credit cards are on their way, expect them in 6-8 weeks

Bitcoin-funded international debit/credit cards are on their way
| Business, Financial & Legal News | Posted: Aug 22, 2012 5:26 am

Bitcoin lovers are going to find this news heartwarming, where during an IRC chat with BitInstant co-founder, Charlie Shrem, it has been revealed that his company are 6-8 weeks away from launching a Bitcoin-funded international debit/credit card that will be issued by two yet unnamed major banks. One of them will be international, with the other domestic.




The Bitcoin-funded card will act like any normal debit or credit card account, and should be accepted wherever MasterCard is accepted, which is virtually anywhere. The first 1,000 Bitcoin debit/credit cards will be issued for free, but after the first 1,000, the cards will set you back around $10 per card.


Shrem also revealed that each card will sport a QR code on the front that can be scanned to complete transactions that are under $1,000 and a printed address on the rear featuring the user's Bitcoin Address. Future Bitcoin-funded card owners should expect to pay a 1% fee to fund the card, and a $1.50 ATM withdrawal fee. What are your thoughts on the Bitcoin-funded future of debit and credit cards?


Related Tags

Got an opinion on this news? Post a comment below!
Subscribe to our Newsletter

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases