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The Daily: US Bank to Issue Crypto Cards, Coinbase Updates Wallet

November 18, 2018 |

The Daily: US Bank to Issue Crypto Cards, Coinbase Updates Wallet

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.    

Also read: New Woe for ICOs, Bitcoin Cash Trading Resumes

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 Daily: US Bank to Issue Crypto Cards, Coinbase Updates Wallet

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

The Daily: US Bank to Issue Crypto Cards, Coinbase Updates WalletCryptocurrency 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

The Daily: US Bank to Issue Crypto Cards, Coinbase Updates WalletAeternity, 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

The Daily: US Bank to Issue Crypto Cards, Coinbase Updates WalletCryptocurrency 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.


Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post The Daily: US Bank to Issue Crypto Cards, Coinbase Updates Wallet appeared first on Bitcoin News.

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Bitcoin.com Store Now Offers Hundreds of Top-Branded Gift Cards

November 1, 2018 |

Bitcoin.com Store Now Offers Hundreds of Top-Branded Gift Cards

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.

Also read: Coinbase Raises $ 300 Million, Reaching $ 8 Billion Valuation

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.

Bitcoin.com Store Now Offers Hundreds of Top-Branded 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.

Bitcoin.com Store Now Offers Hundreds of Top-Branded Gift Cards
There’s a wide variety of gift cards to choose from at the Bitcoin.com Store.

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.

Bitcoin.com Store Now Offers Hundreds of Top-Branded Gift Cards
The Bitcoin.com Store also has a large assortment of Bitcoin swag that can be purchased alongside the newly added gift cards.

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.


Why not keep track of the price with one of Bitcoin.com’s widget services.

The post Bitcoin.com Store Now Offers Hundreds of Top-Branded Gift Cards appeared first on Bitcoin News.

Bitcoin News

The Daily: September Losses for Most Traders, Crypto Debit Cards Shipped in Singapore

October 27, 2018 |

The Daily: September Losses for Most Traders, Crypto Debit Cards Shipped in Singapore

The majority of cryptocurrency traders recorded losses on their investments last month, according to a report we’ve covered in The Daily. In this edition, we also look at the new debit cards allowing customers in Singapore to spend cryptocurrencies anywhere Visa is accepted and the decision of a large cryptocurrency mining company to move one of its farms from Sweden to Colorado.

Also read: Royal Mint Drops Digital Gold, Malta Issues Warning About Trading Platform

Report Depicts Bleak September

The Daily: September Losses for Most Traders, Crypto Debit Cards Shipped in SingaporeSeptember was a busy but not an optimistic month for the crypto space, according to a report published by OK Blockchain Capital – the investment arm of OK Group, operator of cryptocurrency exchange Okex. The monthly survey among investors found that most of them had suffered small losses (25.47%), “essentially flat” (24.53%) or large losses (23.58%). A little over 14.15% of traders made small gains, while another 5.19% remained on the sidelines. The market situation was rather bleak, the authors have concluded.  

The study confirms a continued downward trend in the value of digital assets throughout September. However, the trading volume rebounded significantly toward the end of the period. According to the aggregated data, the average global daily market cap of digital assets was $ 211.103 billion, down 10.27% from August. At the same time, the transaction volume reached $ 13.526 billion, up 5.15%. The top three cryptocurrency holdings last month were BTC (23.11%), EOS (16.04%) and ETH (12.26%).

The report also lists the industry buzzwords for September, including stablecoins, bitcoin mining machines, Bitmain, and the Ethereum “Difficulty Bomb.” Iran’s decision to recognize cryptocurrency mining, the ongoing court proceedings around the RBI ban in India, and regulatory developments in Japan and the United States are mentioned among the most important global policy news items.  

Crypto Debit Cards Issued to Customers in Singapore

The Daily: September Losses for Most Traders, Crypto Debit Cards Shipped in SingaporeCryptocurrency platform and payment provider Crypto.com has announced it is now shipping the new 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 cryptocurrencies, the company formerly known as Monaco explained in a post published on Medium this week.

With the wallet app, users can order an MCO card, control its usage and manage all transactions. They will also be able to freeze or unfreeze their card. The metal cards come with free ATM withdrawals and no annual or monthly fees. The cards issued by Crypto.com will enable customers to spend digital coins converted to fiat money anywhere Visa is accepted.

The service supports cryptocurrencies like bitcoin core (BTC), ethereum (ETH), Binance coin (BNB) and the platform’s own MCO token as well as major fiat currencies, including the U.S. dollar, euro, British pound, Singapore dollar, Hong Kong dollar, Japanese yen, and Australian dollar.  

MGT Moves 6,000 Miners From Sweden to Colorado

The Daily: September Losses for Most Traders, Crypto Debit Cards Shipped in SingaporeMGT Capital Investments, a company involved in cryptocurrency mining operations in the State of Washington and in Northern Sweden, has announced it concluded a hosting agreement for a new facility in Colorado. MGT has been exploring options to relocate more than 6,000 S9 Antminer devices that are currently installed in its bitcoin farm in the Scandinavian country.

“We have identified and successfully negotiated a deal with a U.S. facility that nicely suits our needs,” said MGT’s Chief Operating Officer, Stephen Schaeffer. “This location is capable of not only providing a cost-effective solution to our relocation needs, but also facilitates our growth plans for 2019,” he added, as quoted in a press release.

The facility in Colorado Springs, a former semiconductor campus, has an initial capacity of 10MW of electricity but the electrical infrastructure can support an additional 30MW of power. MGT Capital intends to complete the relocation and restart mining operations in the new location by the end of 2018.

MGT Capital Investments is one of the largest cryptocurrency mining companies in the U.S. where it operates around 6,800 Bitmain S9 miners.

What are your thoughts on today’s news tidbits? Tell us in the comments section below.


Images courtesy of Shutterstock, Crypto.com.


Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post The Daily: September Losses for Most Traders, Crypto Debit Cards Shipped in Singapore appeared first on Bitcoin News.

Bitcoin News

Bitpay Phases Out Crypto-Debit Cards for European Cardholders

October 4, 2018 |

Bitpay Phases Out Crypto-Debit Cards for European Cardholders

The global cryptocurrency payment service provider, Bitpay, has announced the company’s loadable cryptocurrency debit card services will no longer work for European customers later this month. Bitpay has emailed all of its European card holding customers and revealed it is in the midst of sunsetting all Bitpay accounts related to the Wave Crest-issued Bitpay card.

Also read: Bitcoin Cash Speaker Series II Brings Leading Bitcoiners Together

Bitpay Is Phasing out Debit Services for European Cardholders

Bitpay Phases Out Crypto-Debit Cards for European CardholdersEight months ago news.Bitcoin.com reported on a slew of cryptocurrency debit cards forced to shut down services because of issues tied to the bank Wave Crest-Holdings. Many crypto-cards had to stop debit card operations because the issuer Wave Crest had its license from Visa revoked. Because of the banking issues, this week the cryptocurrency payment processor Bitpay has revealed that it is phasing out its Wave Crest-issued Bitpay card and associated services.    

“As you know, your Bitpay card’s issuer Wave Crest Holdings Ltd. stopped providing service for your Bitpay Card as of October 2017 or January 2018,” explains the Atlanta-based firm.

Bitpay adds:  

We are now working to sunset Bitpay accounts related to the Wave Crest-issued Bitpay card — In 30 days, we will be turning off access to your Bitpay card dashboard. If you need to store your card’s transaction data for any purpose, please export your transaction data before your card dashboard access ends on Wednesday, October 31st, 2018.       

The Need for More Crypto-to-Debit or Something That Bypasses the Traditional Frictions Associated With Fiat

European Bitpay card users will need to use another card provider if they haven’t already switched over the last six months. At the moment residents from that area can use popular crypto-card issuers such as Revolut, and Wirex for their crypto-to-debit needs. Moreover, there are a few new crypto-to-debit card startups entering the space that plan to provide these services for European customers.

Bitpay Phases Out Crypto-Debit Cards for European Cardholders

The advent of crypto-debit cards has made it easier for digital asset enthusiasts to spend their coins but the system is still tethered to the traditional financial network. In many ways, the model is still dealing with a fiat exchange and trading those coins for the user’s purchases. Additionally, former Bitpay cardholder can access a guide to extracting a comma-separated value (CSV) files that contain all of the user’s transactions for record keeping and tax purposes.    

What do you think about the Bitpay card no longer servicing European countries? What cards do you know of work good in the region? Let us know your thoughts about this subject in the comments section below.


Images via Pixabay, the Bitpay Card, and Shutterstock. 


Tired of those other forums on the subject of Bitcoin? Check forum.Bitcoin.com.

The post Bitpay Phases Out Crypto-Debit Cards for European Cardholders appeared first on Bitcoin News.

Bitcoin News

Airlines Cash In on Loyalty Credit Cards

August 27, 2018 |

Airlines are inundating customers with credit-card offers, hoping to widen a lucrative and steady revenue stream as they rely more on income beyond fares.
WSJ.com: US Business

NYSE Owner: Bitcoin Should Be in Retirement Funds, Credit Cards, Retail Stores

August 4, 2018 |

NYSE Owner: Bitcoin Should Be In Retirement Funds, Credit Cards, Retail Stores

Intercontinental Exchange (ICE), owner of arguably the most important stock exchange in the world, the New York Stock Exchange (NYSE), is introducing a new company, Bakkt. The idea is to weave bitcoin into 401(k)s, credit cards, and retail. The project is getting a lot of hype due in large measure to two very powerful backers: Microsoft and Starbucks. Is this the mainstreaming ecosystem enthusiasts have been urging?

Also read: Bitcoiners Hope to Have a Friend in Top US Regulator Jay Clayton

NYSE Wants Bitcoin in 401(k)s, Credit Cards, Retail Stores

ICE’s digital assets head, turned CEO of the new project Bakkt, Kelly Loeffler, explained in a company blog, “Formed by Intercontinental Exchange — an operator of global exchanges, clearing houses, data and listings services — Bakkt will work with companies that include BCG, Starbucks, Microsoft and others, to create an open ecosystem that supports growing needs in the ~$ 270 billion digital asset marketplace.”

ICE quietly owns and operates two dozen regulated markets and exchanges, from the United States and Canada to Europe. It also holds clearing houses in the Netherlands, Singapore, greater Europe, the US, and Canada as well. It has revenues well in excess of $ 5.5 billion. It’s also the parent company for the NYSE, an exchange with great prestige among traditional finance: the NYSE is 226 years old, and is easily the globe’s biggest exchange by market cap, some $ 21.3 trillion as of last summer.

NYSE Owner: Bitcoin Should Be In Retirement Funds, Credit Cards, Retail StoresMs. Loeffler told Fortune how for over a year ICE built Bakkt in secrecy. The company name is a twist on asset backed securities, Bakkt, which by design is to engender trust. And trust is everything in the legacy marketplace, but it has a decidedly different meaning in the cryptocurrency world. Trust on Wall Street usually means regulations, and lots of them.

Indeed, by late Fall this year, Bakkt hopes to have a fully federally regulated space for all things bitcoin. Fortune notes how “ICE aims to transform Bitcoin into a trusted global currency with broad usage.” That’s an interesting admission for enthusiasts wondering what Wall Street is ultimately up to with this enormous announcement and marketing/public relations campaign. Trust in the Bitcoin ecosystem is established through mathematics, voluntary adoption, by completely bypassing third party fragility, frictions, and gatekeepers for which legacy finance is famous.   

NYSE Owner: Bitcoin Should Be In Retirement Funds, Credit Cards, Retail Stores

Speculation and Coffee

“By combining regulated infrastructure with institutional and consumer applications,” Ms. Loeffler continues, “we’ll apply our track record of bringing transparency and trust to previously unregulated markets. In this way, we intend to play a key role in boosting institutional, merchant and consumer participation in digital assets.” Investment, also according to Fortune, includes Boston Consulting Group, Fortress Investment Group, Eagle Seven, and Susquehanna International Group in addition to better known brands Starbucks and Microsoft.

No doubt, ICE’s endorsement of Bitcoin lends a great deal of credence for other Wall Street investors to start exploring the cryptosphere. A futures market appears immediately in the works. Ms. Loeffler’s blog post details, “As an initial component of the Bakkt offering, Intercontinental Exchange’s U.S.-based futures exchange and clearing house plan to launch a 1-day physically delivered Bitcoin contract along with physical warehousing in November 2018, subject to CFTC review and approval. These regulated venues will establish new protocols for managing the specific security and settlement requirements of digital currencies. In addition, the clearing house plans to create a separate guarantee fund that will be funded by Bakkt.”

NYSE Owner: Bitcoin Should Be In Retirement Funds, Credit Cards, Retail StoresFortune believes the bigger move Bakkt is proposing involves everyday retail ventures. “Using Bitcoin to streamline and disrupt the world of retail payments,” the magazine stressed, “by moving consumers from swiping credit cards to scanning their Bitcoin apps. The market opportunity is gigantic: Consumers worldwide are paying lofty credit card or online-shopping fees on $ 25 trillion a year in annual purchases.” Both Microsoft customers and Starbucks customers are very familiar with digital, smartphone related transactions. Transitioning over to bitcoin, with institutional blessing, should be a snap, ICE is assuming.

Starbucks’ Vice President of Partnerships and Payments, Maria Smith, was quoted in the press release, noting, “As the flagship retailer, Starbucks will play a pivotal role in developing practical, trusted, and regulated applications for consumers to convert their digital assets into U.S. dollars for use at Starbucks.” That also appears to fly directly in the face of Bitcoin’s ultimate point. To nearly everyone familiar with its power, bitcoin as a currency is an end in-and-of-itself, it is the value, and was meant to leave fiat — not to be simply a keen transfer mechanism to government paper. Nevertheless, Bakkt’s CEO, Ms. Loeffler, concludes, “We’re excited about the opportunity to help unlock the transformative potential of digital assets across global markets. Bakkt is preparing for launch in upcoming weeks, and we look forward to keeping you updated.”

Is bringing Wall Street into crypto a good thing? Let us know in the comments section below. 


Images via Pixabay, ICE, NYSE. 


Be sure to check out the podcast, Blockchain 2025; latest episode here

The post NYSE Owner: Bitcoin Should Be in Retirement Funds, Credit Cards, Retail Stores appeared first on Bitcoin News.

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Check Which Coins You Can Spend With Debit Cards and Why This New Project Chooses BCH

August 1, 2018 |

Check Which Coins You Can Spend With Debit Cards and Why a New Project Chooses BCH

Recently, we covered some of the most popular debit cards used for crypto payments and we’d like to tell you more about the cryptocurrencies they support. Most of these cards are issued by well-known names in the space, but a new project is now offering you fast and cheap transactions with BCH – a feature that makes the use of crypto cards much more attractive.

Also read: Bitcoin (Almost) Everywhere: Bitcoin Debit Cards Worth Checking Out

Fuzex Chooses BCH as Base Currency

Let’s start with the news in the sector: Fuzex, a global cryptocurrency payment card project, has just announced it’s adding bitcoin cash (BCH) to its card. The decision comes after evaluating the strong features of the BCH network: fast transaction speeds and low fees. Fast, cheap and reliable payments is exactly what makes Bitcoin Cash popular with online merchants and payment processors. The Fuzex team is introducing BCH after signing a partnership agreement with Bitcoin.com. Bitcoin cash (BCH) is replacing bitcoin core (BTC) as the base currency on the Fuzex platform. The company explained:

By aiming to boost the applicability of cryptocurrencies in real transactions, BCH was naturally selected to be among the first cryptocurrencies supported on the Fuzex card. The fairly low BCH’s average withdrawal fee, combined with the fact that the cryptocurrency is currently one of the major coins, convinced us to support BCH and to replace BTC with BCH as a default cryptocurrency in the Fuzex card.

Fuzex notes that BCH addresses two major issues that can have a negative impact on Fuzex cardholders: high transaction fees and slow transfer times. “Given that, the team has considered that BCH would be a more appropriate default coin for Fuzex card at launch,” the company added.

The new card will also support the Fuzex token (FXT) and ethereum (ETH). FXT is the platform’s own token around which the payment ecosystem will be structured. It will offer users a new and convenient payment channel with low fees. It comes with increased daily usage limits and reduced ATM withdrawal fees. The third supported crypto, ethereum (ETH), has been chosen as it is one of the most frequently used cryptocurrencies that also has a lower combined network fee than BTC. Fuzex hopes to add other coins in the future compatible with its platform and philosophy.

Check Which Coins You Can Spend With Debit Cards and Why a New Project Chooses BCH

The Fuzex card, which offers users the opportunity to check their balance in real-time, will be released in the third quarter of this year. The plastic is NFC payments enabled and comes with an EMV chip, barcode display, and a rechargeable battery that lasts up to 30 days on a single charge. It can hold various type of cards – credit, debit, and prepaid – as well as store membership cards with QR code and barcode. The platform offers a Fuzex Wallet that can be installed on a mobile device and used to add and manage payment cards. It comes with some useful security features like 2FA and a tracking function for locating lost or stolen cards. The physical card can be acquired with FXT tokens, already available at Hitbtc, Cobinhood, Coss.io, and livecoin.net.

“Fuzex offers a cryptocurrency payment solution that provides a smarter way to pay. Our project aim is to make paying with cryptocurrency easier, faster and more convenient at any retail stores without changing any infrastructures,” Alex David, Overseas Business Development Manager at Fuzex, told news.Bitcoin.com. “With the advanced technology of the Fuzex card, cardholders can check the balance and exchange rate of their cryptocurrencies and select the cryptocurrency to be used for the payment through the e-paper display. Through the Fuzex card, we want to generalize the use of cryptocurrencies by making their use convenient in the real life,” Mr. David emphasized.

Wirex Adds XRP, Supports Deposits in 50 Coins

Check Which Coins You Can Spend With Debit Cards and Why a New Project Chooses BCHA popular choice for bitcoiners in Europe is the payment card offered by Wirex. The company was the first to reintroduce crypto debit cards on the Old Continent after they were suspended by Visa last year. Wirex started shipping its plastic cards to customers in the UK and Europe in May. The plastic cards come with a chip and support bitcoin core (BTC), litecoin (LTC) and instant currency exchange with GBP, USD, and EUR. The virtual Visas offer the opportunity to make deposits in over 50 digital coins through the Wirex wallet.

This month, Wirex announced it’s adding support for ripple (XRP). Customers can now buy, sell, exchange and deposit the altcoin using the Wirex wallet. That means they can also spend ripple both in stores and online. The company said it registered over $ 2 million worth of XRP deposited into the wallet which is connected to its Visa cards in just 12 hours. Wirex has also reported having 1.5 million users and announced a transaction volume of approximately $ 1.7 billion USD.

A nice feature of the Wirex cards is the Cryptoback rewards program. Under its terms, users earn back 0.5% of their transactions in bitcoin (BTC) any time they use the payment card in-store by swipe, chip and pin or tap and go. This crypto cashback is accrued in a separate Wirex wallet within the app and can be instantly redeemed for GBP, EUR or USD.

Spend Both BCH and BTC with Bitpay

BitpayCheck Which Coins You Can Spend With Debit Cards and Why a New Project Chooses BCH is a leading crypto debit card provider across the pond. Currently, it allows users to spend bitcoin cash (BCH) and bitcoin core (BTC). Although issued only to US residents, the Bitpay card is accepted online and by all Visa merchants and Visa compatible ATMs around the world.

Bitpay added bitcoin cash (BCH) support to its Checkout point-of-sale (POS) mobile app in April. This allowed retail stores using Bitpay to enable payments from clients to generate BCH payment codes on the spot using a phone or a tablet.

Other Popular Alternatives

Check Which Coins You Can Spend With Debit Cards and Why a New Project Chooses BCHShift, branded as “The First U.S. Bitcoin Debit Card”, allows users to connect to their Coinbase accounts. Its availability depends on the availability of the services offered by the US-based crypto exchange, which currently includes 32 countries. Shift offers a Visa card which works everywhere Visas are accepted, offline, online, and internationally. It allows for cash withdrawals at ATMs as well. Coinbase currently supports bitcoin core (BTC), bitcoin cash (BCH), litecoin (LTC), and ethereum (ETH), with plans to introduce support for ethereum classic (ETC). Recently, the trading platform announced it is “exploring the addition of several new assets”: cardano (ADA), basic attention token (BAT), stellar lumens (XLM), zcash (ZEC), and 0x (ZRX).

The prepaid Cryptopay card is available for free worldwide delivery and comes in both plastic with chip and pin and virtual variants. The platform accepts bitcoin core (BTC) along with several fiat options – British pounds, US dollars, euros, and offers a BTC wallet. The card should be accepted anywhere major cards are, and it works online, offline and internationally.

Revolut offers another option for residents of the European Economic Area and Switzerland. The digital bank works with a number of crypto exchanges and initially offered support for BTC, ETH and LTC through its prepaid debit card. In May, the UK-based company added bitcoin cash (BCH) and ripple (XRP) providing a simple explanation for the decision – their popularity with the Revolut community.

Which debit card do you use and what cryptocurrency do you prefer to spend? Tell us in the comments section below.


Images courtesy of Shutterstock, Fuzex, Wirex, Bitpay, Shift.


Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post Check Which Coins You Can Spend With Debit Cards and Why This New Project Chooses BCH appeared first on Bitcoin News.

Bitcoin News

PR: FuzeX Partners with Bitcoin.com – Adds BCH to FuzeX Cards, Drops BTC

July 23, 2018 |

Fuze X Partners with Bitcoin.com - Adds BCH to Fuze X Cards, Drops BTC

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Global cryptocurrency payment card project FuzeX revealed today (23rd) that they signed a partnership with Bitcoin.com, thereby adding Bitcoin Cash to the FuzeX card.

FuzeX official stated that “Considering the issues of transaction speed and fee, we decided that Bitcoin Core did not fit the philosophy of FuzeX. So we decided to drop BTC and replace it with Bitcoin Cash, which has a much faster transaction speed and a cheaper transaction fee.”

Bitcoin Cash, which came into the world last August, was created to solve the scaling problem of the first cryptocurrency, Bitcoin. Bitcoin Cash is now widely regarded as the go-to cryptocurrency in terms of real life usage, as it provides a fast, cheap and reliable method of payment.

Roger Ver, CEO of Bitcoin.com said “We are happy that this partnership will help Bitcoin Cash lovers all around the world use BCH as an everyday currency. Bitcoin Core, which is more expensive, slower and less reliable is thus unusable in the FuzeX payment system. It will be dropped and replaced by BCH as the base currency on the platform. Furthermore, we are going to cooperate with FuzeX in an effort to continue coming up with win-win situations for all users.

BrilliantTS CEO and FuzeX project leader Jae-Hoon Bae said “We are happy to announce the partnership. With the help of Bitcoin.com, we will be able to provide a useful and pragmatic payment service. We are going to work with Bitcoin.com to bring about interesting projects that can help cryptocurrencies be used in the real world.”

FuzeX is the first company in the world to provide a physical crypto-payment card on which the users can check their balance in real-time. Their card will be released this Q3 and be purchasable via FuzeX’s token ‘FXT’. FXT is currently purchasable at HitBTC, Corbinhood, Coss.io, and livecoin.net.

Contact Email Address
rachel@fuzex.co
Supporting Link
https://fuzex.co/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its 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 the press release.

The post PR: FuzeX Partners with Bitcoin.com – Adds BCH to FuzeX Cards, Drops BTC appeared first on Bitcoin News.

Bitcoin News

Bitcoin (Almost) Everywhere: 5 Crypto Debit Cards Worth Checking Out

July 21, 2018 |

Bitcoin (Almost) Everywhere: 5 Crypto Debit Cards Worth Checking Out

Mass, mainstream adoption of cryptocurrencies might take a route few original cadres of developers and enthusiasts imagined — major payment processing, plastic debit cards. They’re incredibly handy for those wishing to use crypto while merchant adoption works itself out. Here are five such cards to consider: Wirex, Bitpay, Cryptopay, Xapo, and Shift.  

Also read: World Cup Goes Crypto!

5 Crypto Debit Cards Worth Checking Out

Significant strains of the broader crypto community (strident veterans of an ideological bent) chafe at cryptocurrency debit cards. They do in large part because such cards are in bed with sworn enemies, legacy banking: Visa, Mastercard. Indeed, it is the height of irony the very institutions crypto was designed to thwart are arguably crypto’s most popular onboarding forms.

Bitcoin (Almost) Everywhere: 5 Crypto Debit Cards Worth Checking Out

Wirex: A well known company, Wirex has a solid customer base. Along with virtual products, it offers a pin card. It also is notorious for fees, and they add up. And while no company is ever guaranteed to stay solvent, something to consider is shelf life (they tend to come and go). Wirex seems well poised for the longer term: Spring of last year it received confidence funding in the low millions from SBI Group, a prominent Japanese financial player. It has nearly one million customers spread out through most countries, with about a billion dollars in transaction volume last year. This year they’ve added litecoin, and they basically pioneered contactless debit cards in the space. The regular fees are pretty similar to other cards, hovering around 3% for international transactions, $ 2.50 for withdrawals, $ 17 to purchase a physical card.

For most everyone else, crypto’s slow merchant adoption is a giant pain in the ass. No matter how much one loves crypto and its potential, people need food, clothing, tchotkes. And, no, the fact your brother has a hat store, or the fact that random pizza parlor down the street accepts crypto, are not immediate solutions. A person can only have so many hats and eat so much of your brother’s greasy pizza.

Bitcoin (Almost) Everywhere: 5 Crypto Debit Cards Worth Checking Out

Bitpay: Another well regarded provider is Bitpay. Its card is accepted the globe over, though it’s only available to US residents. No chip and pin, so verification is needed. Simple KYC, AML identification is mando, so all one needs is a government issued ID, street address, and Social Security number. The card is available in all US states. It’s loaded through a separate wallet client, prepaid. They use Visa, and for around 10 bucks USD a physical card will be sent along. Outside the US, a 3% fee is placed on all currency conversions (along with $ 3 for any outside the US withdrawals). Withdrawals in the US vary from bank to bank in terms of fees. Using it is a snap, very convenient. Withdrawal limits are generous.

Crypto debit cards, then, are a splitting the baby, kissing your sister kind of way to advance money’s future while still being able to enjoy life’s material pleasures. Done right, crypto debit schemes go anywhere major payment providers, such as Visa and Mastercard, are accepted. At the very least, they’re a nice hedge.

Bitcoin (Almost) Everywhere: 5 Crypto Debit Cards Worth Checking Out

Cryptopay: Like Wirex, they offer virtual and physical cards. It is available around the globe. It can also be a little fee laden with load fees and maintenance fees, etc. It’s, of course, a Bitcoin debit card. Its selling feature is lack of personal verification. They might require more if limits are increased, however, above a couple thousand dollars. The card is right around $ 15, withdrawals are $ 2.5, and they charge 3% on international transactions.

Scouring the known crypto debit world, those presented are by no means exhaustive. Such cards are designed to help anyone inclined to get started. There are many others, as the market sees them popping up all the time. If these don’t live up to your standards, there are, again, plenty others.

Xapo: Xapo is most everywhere, and has a solid reputation among enthusiasts. It too was an earlier mover in the space. No chip and pin standard, though it’s offered. The cost of the card is roughly $ 20, and it carries an annual fee. Like most other cards, so long as users stay under about $ 2,500 in withdrawal limits, fees are relatively tame.

Bitcoin (Almost) Everywhere: 5 Crypto Debit Cards Worth Checking Out

Shift: Easily connects to your Coinbase account, relatively low fees. Available only in 45 states around the US, Coinbase is limited to certain countries as well. Shift position themselves as “the first US Bitcoin debit card”. The card costs a reasonable $ 10 to produce and has no ongoing fees. There is of course the standard 3% international transaction fee and $ 2.5 flat ATM withdrawal fee.

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 company or any of its 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.

What bitcoin debit card do you use? Let us know in the comments section below. 


Images via Pixabay.


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The post Bitcoin (Almost) Everywhere: 5 Crypto Debit Cards Worth Checking Out appeared first on Bitcoin News.

Bitcoin News

United Airlines joins other carriers in peddling credit cards to passengers

July 14, 2018 |

If you hate unsolicited sales pitches, your next flight on United Airlines might be a bit irksome.

The Chicago-based airline is requiring its flight attendants beginning Sept. 1 to pitch passengers on every domestic and international flight to sign up for a co-branded credit card to boost revenue.


L.A. Times – Business