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One Washington state legislator is now facing calls for her resignation over what she says was a fatigue-driven remark. GOP state Sen. Maureen Walsh drew heat after she spoke on the Senate floor Tuesday on a bill pushing for uninterrupted meal and rest breaks for nurses, as well as other…
Using gift cards is a practical way to spend your bitcoin cash in stores that don’t accept cryptocurrency directly. Here’s how to buy gift cards with BCH for top brands such as Nike, Adidas and American Eagle.
Buy Premium Gift Cards on the Bitcoin.com Store
The Bitcoin.com Store’s gift cards section offers hundreds of premium branded cards to retailers, online services and restaurants, all for purchase with bitcoin cash. The selection covers everything from fashion, with options such as Nike, Adidas and American Eagle, to digital gaming, with support for the likes of the Nintendo eshop, the Sony Playstation store and Xbox Live Gold. It even offers donation gift cards if you want to use your BCH to gift someone the power to donate to a charity they support.
Using the service couldn’t be easier: just browse the cards or search for the brand you want, select the amount you want to pay – usually one card can be topped up with between $ 5 and $ 500 – and choose to buy for yourself or send to a friend. Checkout requires just a name and an email address and payment is done via Bitpay.
The gift cards are provided via a partnership with Egifter, a company aiming to transform gift giving. Some of the gift cards are valid for use only in specific regions, mainly the United States, so notice where the cards you buy work if you are sending them as a gift to someone internationally.
Have you tried buying gift cards with bitcoin cash? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
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While there’s been a lot of news of cryptocurrency debit cards closing shop over the last two years, a company called Payglobal offers cryptocurrency to fiat transfers onto a user’s existing bank card. The U.K. based e-wallet service licensed by the Financial Conduct Authority (FCA) aims to provide a variety of end-to-end solutions for people who want to get paid using alternative payments and cryptocurrencies.
Crypto to Fiat Transfers for Existing Bank Cards
There’s a new service available throughout the European Union, Australia, Singapore, Mexico and Nigeria that allows users to transfer cryptocurrency to fiat and load their existing bank cards. Payglobal, headquartered in the U.K., allows registered customers to receive funds through bank transfer, debit card, alternative payments and digital currencies bitcoin core (BTC) and ethereum (ETH). Giora Tal, Payglobal’s CEO, told news.Bitcoin.com that other cryptocurrencies will be added in the future and the company will also be expanding to other countries. The firm believes that individuals will appreciate a turnkey e-wallet solution that supports conversions from cryptocurrency to fiat money and transferred onto existing bank cards.
Speaking with our newsdesk, Tal explained that the company simplifies payments by eliminating friction and allowing “customers to get paid in innovative ways.”
“Converting cryptocurrency to fiat money and sending it to your existing bank card through our regulated e-wallet platform provides customers with a quick and easy way to access their funds worldwide,” Tal detailed. “The way we can transfer money from person to person, or company to a person is constantly evolving and we are delighted to be the pioneers paving these new payment channels.”
Freelancers, the Gig Economy and Remittances
Users have to register on the Payglobal.me website and a Know Your Customer (KYC) verification process is required. Payglobal users must submit valid government-issued identification, proof of address, and a verified mobile phone number. After the approval is finished, users simply select the fiat they wish to withdraw and they pay a cryptocurrency invoice. Once the transaction is complete, the available fiat balance will be displayed on the account dashboard and from there the customer can select the amount of funds they wish to send to their Visa bank card. Payglobal’s transfer service has a minimum of €5 and a maximum of €1,000 ($ 1,137). The Payglobal e-wallet is not available for U.S. residents and a few other countries.
While there are a number of crypto-fueled debit cards offered in the European region, Payglobal believes it is adding convenience by allowing people to load their existing bank cards. Tal told news.Bitcoin.com that the startup’s “state-of-the-art technology offers new payment solutions yet to be seen in the market.” In addition to cryptocurrency solutions, Tal explained that the company has an array of tools for freelancers, the gig economy, fintech startups, blockchain developers, and family-to-family remittances.
What do you think about Payglobal’s crypto to fiat service? Let us know what you think about this subject in the comments section below.
Disclaimer: This article is for informational purposes only. Bitcoin.com does not endorse this service. Readers should do their own due diligence before taking any actions related to the mentioned companies or any of its affiliates or services. Bitcoin.com and the author are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Image credits: Shutterstock, Visa, Payglobal, and Pixabay.
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The post Payglobal Provides Cryptocurrency to Fiat Transfers With Existing Bank Cards appeared first on Bitcoin News.
Cryptocurrencies are gradually becoming a viable payment option across a range of markets and jurisdictions. If there is a tool that significantly expands the usability of digital coins in a world still dominated by traditional payment systems, it’s the crypto debit card. A growing number of reliable platforms offer the fintech product to bitcoin enthusiasts.
Established Crypto Card Providers in the U.S.
Bitpay, which processed over $ 1 billion in payments during a bearish 2018, offers users in all U.S. states a convenient way to spend their cryptocurrencies online and in store. Its prepaid Visa card is tied to a cryptocurrency wallet that supports instant conversion from bitcoin core (BTC) and bitcoin cash (BCH) to U.S. dollars and local fiat currencies outside the country.
Bitpay’s crypto card is available to U.S. residents only. To apply, it is necessary to provide a home address, a valid government-issued ID and social security number. There’s a fee of $ 9.95 that covers the cost of issuing and a dormancy fee of $ 5 a month following a 90-day period of inactivity. A currency conversion fee of 3 percent is applied each time the card is used outside the U.S. Withdrawing cash at an ATM costs $ 2 in the United States and $ 3 abroad.
Shift, another card available in the U.S., allows users to connect to their Coinbase accounts. The Visa card has no maintenance fee but a 3 percent commission is charged on international transactions. ATM withdrawals cost $ 2.50 in the United States and $ 3.50 in other jurisdictions. The card itself is $ 20. Shift supports BTC only and offers fee-free conversion from bitcoin core to U.S. dollars.
Major Crypto Debit Cards Available in Europe
Wirex is the first choice for many Europeans. The U.K.-based startup offers both virtual and physical Visa debit cards, and the plastic version comes with chip and PIN. They are currently available to residents of the European Economic Area (EEA), where Iban support was introduced for all EUR accounts. However, the company plans to offer its services in North American and Asian markets as well.
Users can load the card with bitcoin core (BTC), ethereum (ETH), ripple (XRP), litecoin (LTC), and waves, the latter having been added recently. Card holders can spend three leading fiat currencies – euros, U.S. dollars and British pounds. Wirex users pay a $ 1.50 card management fee each month. ATM withdrawals within Europe cost $ 2.50, and $ 3.50 elsewhere. In-store purchases are rewarded with 0.5 percent crypto cashback in BTC.
Revolut, another British company, offers up to 1 percent cashback in cryptocurrency for payments made with its Revolut Metal card. For less than $ 16 a month, the digital bank’s premium service provides clients with access to five major coins – BTC, BCH, ETH, XRP, and LTC – and the ability to pay in over 150 fiat currencies. The contactless card, which can be used anywhere Mastercard is accepted, comes with fee-free ATM withdrawals up to €600 per month (~$ 680).
Cryptopay issues another card in both virtual and physical form. The latter has a chip and costs $ 15. The contactless card is currently issued only in Russia, where it has a 1 percent loading fee and a monthly service fee of 65 Russian rubles, less than a dollar. Cryptopay is planning to bring its cards to Singapore. The payment provider supports BTC, ETH, LTC, and XRP. A fee of $ 2.50 is applied to withdrawals from teller machines and each exchange transaction is charged a 3 percent commission.
Some Newcomers in the Market
A number of payment providers and fintech startups have launched new cryptocurrency debits cards in the past few months. These platforms are trying to attract the attention of crypto users around the world and prove themselves as alternatives to the well-established products on the market.
Fuzex is cryptocurrency payment card project that last summer chose bitcoin cash (BCH) as its base cryptocurrency. It also supports ETH and the platform’s own token, FXT. Fuzex cards are currently issued to residents of Europe and the APAC region. The physical card is NFC payment enabled. It comes with an EMV chip and a barcode display.
Crypto.com, a Hong Kong-headquartered company formerly known as Monaco, announced in October it’s starting to ship its MCO Visa cards to customers in Singapore. The prepaid cards are linked to a mobile wallet that allows holders to buy, sell, store, send, and track digital coins such as BTC, ETH, Binance’s BNB token, the platform’s own MCO tokens as well as major fiat currencies.
Aximetria offers a debit card linked to a cryptocurrency wallet which became available to Russian citizens since last year. In November, the Switzerland-based startup told news.Bitcoin.com its platform supports BTC and ETH which can be used for online and offline payments via instant conversion to fiat. The company is partnering with the cryptocurrency exchange Cex.io. The card can be ordered from its iOS app.
Are you using a crypto debit card? Tell us what you like about it in the comments section below.
Images courtesy of Shutterstock.
Disclaimer: Bitcoin.com does not endorse nor support these products/services. Readers should do their own due diligence before taking any actions related to the mentioned companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
The post 8 Crypto Debit Cards You Can Use Around the World Right Now appeared first on Bitcoin News.
In today’s roundup of crypto chatter, Andreas Antonopoulos explains rolling checkpoints and how consensus is achieved between miners, developers, exchanges, merchants, and wallets. Chris DeRose believes new Bitcoin pundits are toxic compared to the old ones. Also, Tone Vays defends Jimmy Song’s position on using credit cards over bitcoin.
Andreas Antonopoulos Explains Rolling Checkpoints
Recently, Mastering Bitcoin author Andreas Antonopoulos released a video that explained his thoughts on the rolling 10-block checkpoint that prevents reorganizations of the BCH chain. In the video, he explained that the rolling checkpoint is a feature to protect BCH against secret mining, which could have been used to cause disruption or initiate a hostile takeover of the ABC chain. He also noted that the implementation of rolling checkpoints has the effect of shifting some power away from miners and giving it to developers.
Then, Antonopoulos explained that consensus is a multi-constituency mechanism and that checkpoints are a matter of the relative power of two constituencies in consensus. The common misconception is that consensus is achieved only between miners and developers. Instead, he argues that consensus is achieved between five different groups with overlapping influence and power: miners, developers, exchanges, merchants, and wallets. All of these parties contribute to emergent consensus.
Thus, the decision to side with rolling checkpoints is subjective to each of the five groups. Some may believe rolling checkpoints are justified as certain parties have threatened to spend millions of dollars purely to damage the ABC chain, while others may not.
Regardless of their stance, each of the five groups will express their position through a consensus vote. By deciding what software to run on their nodes, they express their consensus vote and contribute to the emergent consensus.
The Old Guard vs the New
Bitcoin Uncensored host Chris DeRose recently took to Twitter to express his views on the evolving Bitcoin community. In his tweets, DeRose explained that the old guard of Bitcoin, comprising figures like Gavin Andresen, Amir Taaki, Roger Ver and many others are being rejected by the Bitcoin community even though they played pivotal roles in ensuring Bitcoin’s early success.
The simplest explanation is that the new baghodlrs were in fact the greatest fools, and the old guard passed on the bag to a sorry lot. I'm hoping a better explanation shows up…
— Chris DeRose (@derose) January 13, 2019
By contrast, the new guard of Bitcoin, like The Bitcoin Standard author Saifedean Ammous, developer Jimmy Song, and Blockstream CSO Samson Mow, have had a negative impact on the Bitcoin community. DeRose explained that the new guard leads by using spite and fear. They also believe that it is ok for bitcoin to lose value, so long as other cryptocurrencies lose value with it.
In response, co-owner of Bitcoin.org Cobra explained to DeRose that the new guard have virtually no influence on Bitcoin. Despite having a large social media following, their influence is negated by others with a large social media presence like Roger Ver and Craig Wright.
A Time and Place for Credit Cards
Recently, Bitcoin commentator Colin compared Song’s infamous statement of using credit cards over bitcoin akin to the CEO of Nike asking people to walk barefoot. Trader Tone Vays has defended Song’s position, and argued that using BTC on sites like Expedia or Cheapair has the same effect as selling BTC on exchanges. This is because some merchants use services like Bitpay and opt to convert all BTC payments for fiat.
There are times to use #Bitcoin vs CC just like there r times to use shoes vs barefoot.
I know for a fact that if I use $ BTC at Expedia or CheapAir it's same as market selling it on Exchanges lowering the price. Just like if I swim in the ocean in sneakers, i won't make it far. https://t.co/4XMAkr0KdQ
— Tone Vays [@Bitcoin] (@ToneVays) January 14, 2019
What do you think of rolling checkpoints? Let us know in the comments below.
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The post Chatter Report: Antonopoulos on Rolling Checkpoints, Vays Defends Song’s Stance on Credit Cards appeared first on Bitcoin News.
Major perks like airfare and cash back were meant to lead to higher returns. But consumers figured out how to game the system. Now banks are trying to figure out how to keep customers happy while cutting extras.
WSJ.com: US Business
Party invitations that once came to mailboxes now arrive via email or Facebook, and calendar apps are stiff competition for physical datebooks. Smartphones give us more ways to keep in touch than ever.
But old-fashioned paper greeting cards, delivered via snail mail, remain a holiday staple.
British officials have released the photos chosen by members of the royal family for their Christmas cards. Prince William and his wife Kate are shown outside in casual clothes, their three young children in tow, per the AP . Prince Harry and Meghan chose a black and white motif that shows…
In Sunday’s edition of The Daily, we cover the upcoming launch of a new Visa debit card that will allow users in the U.S. to spend cryptocurrencies through conversion to fiat. We also mention the updated Coinbase wallet and take a look at an educational course that’s going to reward students with digital coins.
Crypto.com to Launch Prepaid Visa Cards in the US
New York-based Metropolitan Commercial Bank and Foris Inc., a Jacksonville, Florida-headquartered affiliate of digital asset wallet provider Crypto.com, are preparing to issue Visa crypto debit cards in the United States. The announcement comes after Crypto.com, a Hong Kong-based company formerly known as Monaco, recently launched its Mco Visa card program in Singapore.
The prepaid cards, which have no annual, monthly and ATM withdrawal fees, can be ordered from the wallet and card app of the cryptocurrency payment platform. The application allows users to purchase, sell, store, send and track cryptocurrencies. Customers can also use it to spend their digital coins in stores accepting Visa through conversion to fiat money without being charged exchange fees.
Reservations for the Mco Visa cards can be made after users pass an onboarding process which includes ID verification. According to a press release, over 100,000 cards have already been reserved globally. With the wallet app, cardholders will be able to manage the card usage and their crypto and fiat transactions. They can also freeze and unfreeze their cards with a single tap at any moment.
Coinbase Wallet Updated
Cryptocurrency exchange Coinbase has updated its Ethereum-based wallet to improve its looks and add new functionalities. According to an announcement on Twitter, all supported ERC20 tokens will now show up automatically, along with available values in local fiat currency. That means users will no longer need to manually add the tokens to their portfolios.
The California-based digital asset trading platform has also introduced a new crypto collectibles gallery integrated with Opensea and Rarebits to support hundreds of collectibles. Other changes include improved stability, security, and better gas price estimation. The wallet app has already been updated for iPhone users. The new version for Android phones is expected within the next few days.
Course Rewards Students With Coins
Aeternity, a company that manages smart contracts, has recently teamed up with peer-to-peer online learning platform Dacade to launch an introductory course for cryptocurrencies and blockchain. The free program is designed to educate users, developers and entrepreneurs on the basics of crypto-related technologies.
Furthermore, students who develop practical use cases will be rewarded with aeternity tokens. According to Coinmarketcap, the Aeternity coin (AE) currently sells for around $ 0.88. The first edition of the course is a non-technical introduction for beginners but the partners plan to soon form advanced learning communities for developers.
Tron Launches Dapp Development Program
Cryptocurrency project Tron (TRX) has unveiled a $ 1 million program to support developers of decentralized applications (dapps). The accelerator will distribute rewards among 56 teams developing dapps and products based on the Tron protocol.
According to an announcement, the initiative is aimed at supporting the spread of blockchain technologies among users. It comes after Tron recently bought the file-sharing service Bittorrent, the payment service Poppy and launched its Atlas project.
The winners of the three “grand prizes” will divide a pool of $ 550,000. Another eight “special prizes” of $ 30,000 will be awarded to leading projects in several categories, and 42 teams will receive “finalist prizes” worth $ 5,000 each.
What are your thoughts on today’s news tidbits? Tell us in the comments section.
Images courtesy of Shutterstock, Crypto.com.
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The post The Daily: US Bank to Issue Crypto Cards, Coinbase Updates Wallet appeared first on Bitcoin News.
The Bitcoin.com Store has now partnered with the company Egifter. Thanks to the collaboration, Bitcoin.com Store patrons can purchase an assortment of over 300 top-branded gift cards to stores and restaurants worldwide with bitcoin cash.
Over 300 Gift Cards for Food, Entertainment, and Top Retail Brands
Last April we re-launched the Bitcoin.com Store, revamping the entire site with the hottest bitcoin merchandise, gear, art, and hardware devices. Ever since, the shop has relentlessly added new items to the store’s vast supply of cryptocurrency-focused products. Now, on Oct. 31, in parallel with the tenth anniversary of Satoshi’s whitepaper, the Bitcoin.com Store has partnered with the gift card service Egifter in order to offer customers a wide variety of gift cards.
The alliance between Bitcoin.com and Egifter will provide the shop’s visitors with the ability to purchase hundreds of gift cards with bitcoin cash. Essentially, the Egifter Marketplace has been tethered to the Bitcoin.com Store user interface and patrons can simply click the ‘gift cards’ section at the top of the screen. From there, the customer can choose from the assortment of cards and fund them with a specified amount of money. For instance, a customer could choose to purchase a Best Buy gift card in increments of between $ 5-$ 2,000. Gift cards available at the shop include popular places like Applebees, American Eagle, Dunkin Donuts, HBO Now, Macy’s, Nike, Nordstrom, Uber, Panera Bread, Domino’s and many more brands.
After choosing a card and a desired amount of funds, the customer can simply choose another gift card to purchase or checkout. At the checkout section, the Bitcoin.com Store uses Bitpay as a payment processor so the item needs to be purchased with a Bitpay Payment Protocol compatible wallet. Following the purchase, the customer will get a virtual gift card that can be redeemed for food, entertainment and hundreds of retail brands.
Spreading Bitcoin Cash Adoption One Step at a Time
Blake Moore, Bitcoin.com’s ecommerce manager, explained that the partnership with Egifter gives bitcoin cash proponents a new method to spend their coins by adding more merchant accessibility. “Well over 300 cards from the world’s top brands are now available to our valued users which adds a great deal of accessibility,” Moore emphasized.
Gift cards are available for purchase today and customers can choose from a range of categories such as food and restaurants, music, movies, entertainment, electronics, sports, travel, and more groups of well-known products and services. Bitcoin.com Store patrons will still be able to purchase hardware wallets, BCH swag, t-shirts, and more gear alongside the awesome redeemable gift cards.
Bitcoin.com is a one-stop destination for all things Bitcoin. Providing our visitors with the ability to spend their BCH on gift cards accepted worldwide is just another example of the many steps our site is taking towards spreading bitcoin cash adoption.
What do you think about the Bitcoin.com Store collaboration with Egifter? Let us know what you think about this subject in the comments section below.
Images via Shutterstock, Bitcoin.com Store, Egifter, and Pixabay.
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