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Xapo shows off bitcoin debit card, expanding cryptocurrency offerings

Company hopes new bitcoin debit card helps attract casual consumers to the budding cryptocurrency.

Published Fri, Apr 25 2014 7:17 AM CDT   |   Updated Mon, Oct 19 2020 8:15 PM CDT

Xapo, the company best known for creating bitcoin vaults, also has introduced a new bitcoin debit card, in an effort to attract more consumers to the popular cryptocurrency. Instead of debiting money from a checking account, however, the Xapo card takes money from bitcoins - a digital card is free, but consumers wanting a physical card will have to pay $15.

Xapo shows off bitcoin debit card, expanding cryptocurrency offerings | TweakTown.com

"We are focused on making bitcoin more secure and safer and making it easier to use, the debit card is something that our customers have requested," said Wences Casares, Xapo founder and CEO, in a statement to the Wall Street Journal.

The cards should ship within two months, and Xapo is partnering with banks in the U.S. and Europe, using Visa and MasterCard networks.

bitcoin is slowly but surely going mainstream with casual consumers, and supporters hope to see the cryptocurrency shake up the current financial world.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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