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Diamond Circle launches its own bitcoin ATM debit card

Diamond Circle is ready to market its own bitcoin debit card, launching later this week.

Published Mon, May 12 2014 5:14 PM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

Diamond Circle, a bitcoin monetary ecosystem for the popular cryptocurrency, announced its pending launch of a new debit card. The Diamond Circle bitcoin debit card will only work with its cashless ATM machines, its own point-of-sale (POS) solutions or through the official Diamond Circle online exchange.

Diamond Circle launches its own bitcoin ATM debit card | TweakTown.com

As more businesses try to jump into the bitcoin debit card effort, most others are relying on UnionPay or some other card payment network - so Diamond Circle may run into trouble trying to market its service. However, the company is all about providing safe bitcoin storage in which users have easier access to their cryptocurrency, so we'll have to wait and see how things develop.

There is a growing interest in bitcoin debit cards and ATM machines, such as the Xapo bitcoin debit card, though bitcoin supporters are concerned of possible market fragmentation.

NEWS SOURCES:coindesk.com, brw.com.au

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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