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Bitcoin debit card | Coins charts hash

Bitcoin debit card

About: Forexminute - Deepak Tiwari

The most awaited Bitcoin debit cards are about to be released by the end of June as Bitcoin vault Xapo has announced that it is on the verge of developing such a solution for Bitcoin users. Earlier, in March this year, after launching an insured, secure repository for big BTC investors, the company had announced for bringing up Bitcoin debit card as well.

The company had then announced that with the Bitcoin debit card that will be accepted anywhere in the rails of a card network, won’t be charged an additional fee as it is included in it. According to Wences Casares, founder of Xapo, the Xapo debit card will be accepted by any business in the world that accepts debit or credit cards from the bank’s card network partner.

Wences Casares is someone who has worked with several payments solution providers in the past and brings his experience for Xapo and according to him Bitcoin will be worth a million when it matures. Talking about the debit cards, he said that he would not identify the company’s bank partner or its card network.

Currently, a major problem with a lot of Bitcoin users is that they are unable to use the digital currency outside the tech-savvy early adopter category, and a debit product could increase adoption. Moreover, when many digital payment systems have issued plastic cards as a way to appeal to more consumers, it was just a matter of time for Xapo.

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Accepting Bitcoin Merchants save Money and Pass Profits to Customers

There is also a warning for merchants as transactions will go over a card network’s rails, they won’t benefit from Bitcoin’s near-free transfers; rather, they will have to pay the same interchange fees they pay for other debit card transactions. Nonetheless, the money saved by accepting digital currency is a major reason merchants use them.
According to Wences Casares when a customer swipes Xapo Debit, the company will

convert the user’s Bitcoin funds to a local currency in real time to pay the merchant. Optimistic views on Bitcoin are being shared by many as they believe that some Bitcoin enthusiasts want to see the cryptocurrency go mainstream using tools like credit card and debit card.

Source: www.forexminute.com June 3, 2014 – 16:04

A victory for Bitcoin.

2014-03-21 12:14:52 by -

A U.S. appeals court on Friday struck down a district court decision that ordered the Federal Reserve to rewrite its rules governing fees that banks collect each time a debit card is swiped, a victory for the banking industry.
Great! The more they raise rates, the better Bitcoin looks in comparison.

There are a limited number of Bitcoins.

2013-11-18 08:39:36 by Dead-bug

Unlike Flowers you can't simply grow more flowers or print (or create digital) Dollars. As more people seek to accumulate Bitcoins the less become available and the higher their value becomes. Something like 90% of US Dollars is digital 'money' exactly like Bitcoin. Most of US are paid in digital dollars. If you get a paper payroll check or it's sent to your bank account or a debit card you are being paid in digital dollars.

Bitcoin Has the Potential to Disrupt Current-day Payment Structures, Says Citi GPS  — ForexMinute.com
In a release, Citi GPS, a corporate publication owned by the financial institution Citibank, said that Bitcoin and other digital currencies have the potential to disrupt current-day payments structures.

Cryptocurrency Trading News: Bitcoin, Litecoin Surge; Nxt, Darkcoin Super Surges  — ForexMinute.com
ForexMinute.com – The unpredictable cryptocurrency market performed exceptionally in the last 24 hours, with the top coins, including Bitcoin, Darkcoin, Nxt, surging impressively as ever.

Xapo's Bitcoin Card Adds Debit Interchange to Digital Currency  — PaymentsSource
Xapo says its Bitcoin debit card will start rolling out by the end of June, and it will be accepted anywhere by using the rails of a card network, interchange fees included. "The Xapo debit card will be accepted by any business in the world that ..

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