Soon Archives -
Debit cards tied to cryptocurrency wallets provide an opportunity to spend your digital coins almost anywhere fiat money is accepted. It’s a working solution, at least until wider adoption comes around. That’s why they’ve become so popular in the crypto community. Challenges of different sorts have negatively affected some of the earlier offerings, but it’s good to see products that have survived and new ones that are gaining traction or are about to enter the market.
A Global Crypto Debit Card
During the past year, crypto winter forced businesses to downsize and adjust to unfavorable market and regulatory conditions. Many are still trying to adapt and some are already seeking opportunities elsewhere. For example, the company that issued Shift, arguably the first bitcoin debit card in the U.S. which allowed holders to spend from their Coinbase wallet, is not offering it anymore. It’s now operating under a new brand name, Apto Payments. And in Europe, many card providers suffered a hard blow when Visa terminated Wavecrest’s membership – some have recovered, others are yet to return.
Not everything is so bleak, however. Paycent is a crypto debit card that’s been available worldwide since relatively recently but according to its website, over 53,000 cards have already been delivered globally. They enable users of the Paycent wallet to spend their digital assets in brick and mortar stores as well as with online merchants through conversion to fiat. You can also withdraw funds in local currency from ATMs in just about any country. The card can be ordered from the platform’s wallet which supports a number of coins including bitcoin core, ethereum, litecoin, dash, and the Binance token.
Paycent’s operator, Singapore-based company Texcent Asia, issues three types of cards – Mastercard, Union Pay International and China Union Pay. The Ruby card (CUP) has spending and withdrawal limits of $ 2,500, while the Sapphire card (UPI) and the Solitaire card (MC) are limited to $ 5,600 for transactions and $ 1,650 for withdrawals. They come as both physical and virtual cards and are delivered for $ 49. You can find out more about the applicable fees and limits on the Paycent card site.
At the moment, Paycent is offering one of the few, if not the only, crypto debit cards with global coverage. Nevertheless, there’s a number of other options that we’ve previously reviewed and here are those that are still available in mid-2019. Wirex is a popular choice in Europe. Its Visa card supports conversion from several major cryptocurrencies and provides a 0.5% BTC cashback on in-store purchases. The card issued by Bitpay remains a working option for U.S. residents who can use it to shop with Visa merchants anywhere in the world. They can spend bitcoin cash (BCH) and bitcoin core (BTC) from their Bitpay wallet and the cryptos are converted to dollars.
Cryptopay is a platform that offers a prepaid card which can be loaded from its wallet supporting four cryptocurrencies – bitcoin core, ethereum, litecoin, and ripple. The card is currently available for clients in the U.K., Europe and Russia, with negotiations underway with a new issuer in Singapore. It comes in plastic and virtual form and allows holders to spend their coins both online and offline as well as withdraw fiat cash worldwide.
Cards Supporting Bitcoin Cash
A growing number of card issuers now support bitcoin cash in their products, with the above-mentioned Bitpay being the most notable example. Other platforms added the cryptocurrency more recently. Crypto.com’s MCO Visa card has allowed you to spend BCH since the end of May, when the Hong Kong-based payment processor announced it had introduced the coin to its wallet and card app. The company started shipping its debit cards to customers in Singapore last October and promised to take them to the U.S. through a partnership between its Florida-registered affiliate Foris Inc. and the Metropolitan Commercial Bank in New York. Its wallet is currently available in 36 states but there’s been no update on the plans for the card itself.
Crypto enthusiasts who have a Uquid account can order one of their virtual and plastic cards. The platform promises unlimited online spending and ATM withdrawals as well as fee-free POS purchases. You can top up your balance with a staggering number of coins and tokens, a total of 89 so far, including bitcoin cash. Your digital assets can be converted to British pounds, euros and U.S. dollars. The card is not offered in the United States, however, and you’ll be able to determine if your country is eligible only after logging in to your account. Creating one is free of charge but ordering the physical card will cost you up to $ 17, depending on the fiat currency you’ve chosen.
Bitnovo buys and sells more than 20 major cryptocurrencies. The trading platform has a mobile app and issues debit cards with which you can pay in stores and online with coins converted to euros. To use it you don’t need to have an associated bank account and you can top up with crypto. Bitnovo added BCH to its options in September last year. It also supports bitcoin core, dash, litecoin, ripple, zcash and stellar. Bitcard allows you to withdraw fiat from ATMs for €1 per transaction and there’s a monthly fee of €1.20. The card is currently available only for EU residents. Ordering a Basic Level card does not require any registration but you can only load up to €250 on it. The Level Plus (up to €2,500 per year) and the Premium Level cards (maximum €15,000) do come with the obligation to share personal data.
An offering known from before the Wavecrest saga is now returning to the market. Belize-based company Advcash is preparing to launch its virtual and plastic cards in the European Union, Russia and other countries. The fiat currency of the ADV Cards will be either euro or U.S. dollar but holders will be able to withdraw any currency at teller machines around the globe. You’ll be able to fund your card with the ADV wallet which supports BCH along with other leading cryptocurrencies such as BTC, ETH, LTC, HRP, and ZEC. Advcash promises free shipping for their cards and no maintenance fees but you need to pay 14.99 in euros or dollars for the card. Detailed information about other fees and limits can be found on the issuer’s website.
A new player in the niche is the Spanish fintech startup 2gether, which is targeting its products and services at the crypto community in Europe. The platform released its prepaid Visa card in April and its holders can use it in any of the 19 members of the Eurozone with plans to expand availability to the rest of the EU. It allows you to spend your digital coins anywhere Visa is accepted through instant conversion to EUR, which is the common fiat currency of the Eurozone countries. Bitcoin cash (BCH) is one of seven supported cryptocurrencies along with ETH, BTC, XPR, EOS, XLM, and LTC. 2gether lets you hold and manage euro and crypto balances in the same app as well as to buy and sell digital coins.
Are you using any of the crypto debit cards mentioned in this article or other similar products? Let us know in the comments section below.
Disclaimer: Readers should do their own due diligence before taking any actions related to third party 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 third party content, goods or services mentioned in this article.
Images courtesy of Shutterstock, Paycent, Uquid, 2gether.
The post Crypto Debit Cards You Can Use Now Plus a Few to Expect Soon appeared first on Bitcoin News.
Have you ever visited a hotel and thought to yourself "Boy, this place would be so much better if the entire roof was a pool"? Well, if you happen to live in the United Kingdom, today is your lucky day!Compass Pools, a UK-based pool maker, is currently hashing out what it calls the "Infinity London," a 55-story skyscraper topped with a 360-degree pool with transparent walls. The building, which was designed from top to bottom by the company, will include a five-star hotel, and the pool is expected to be the main attraction.Making a pool suitable for sticking atop a 55-story building posed some serious technical hurdles for the company, but they think they've got it all figured out. Rather than glass, the entire pool will be made of acrylic, with a transparent bottom that will allow visitors on lower floors to see the pool and swimmers high above.Getting into and out of the pool would be easy with some kind of external staircase, but the building's designers didn't want to clutter the side profile of the structure with such things. "Normally a simple ladder would suffice, but we didn't want stairs on the outside of the building or in the pool as it would spoil the view – and obviously you don't want 600,000 litres of water draining through the building either," the company says.Compass Pools came up with a different idea, which they say is based on the airlock of a submarine. It's described as "a rotating spiral staircase" that will "[rise] from the pool floor when someone wants to get in or out." The company says the Infinity London could be under construction as early as 2020 "if all the partners and contractors are confirmed."It's all incredibly strange and awesome and terrifying at the same time. The company, which calls the experience "death-defying swimming," is clearly betting that plenty of people will be willing to take the chance.
Well, here’s a bit of surprise news this evening: at some point in the future, Pokémon GO is going to wrap the player’s sleep habits into the gameplay.
It’ll come as part of a wider initiative by The Pokémon Company to — as CEO Tsunekazu Ishihara put it in a press conference this evening — “turn sleep into entertainment”. Which… well, we’ll see how that goes.
Niantic CEO John Hanke took the stage at the press conference for a moment, but didn’t really offer much in the way of details. Said Hanke:
Niantic pioneered a new kind of gaming by turning the whole world into a gameboard, where we can all play and explore. By creating a new way to see the world and an incentive to go outside and exercise, we hoped to encourage a healthy lifestyle and to make a positive impact on our players and on the world. We’re delighted to be working with The Pokémon Company on their efforts to encourage another part of a healthy lifestyle: getting a good night’s rest.
At Niantic, we love exploring the world on foot. And that can’t happen unless we have the energy to embark on these adventures. We’re excited to find ways to reward good sleep habits in Pokémon GO as part of a healthy lifestyle. You’ll be hearing more from us on this in the future.
Ishihara also announced that The Pokémon Company is working with SELECT BUTTON (the company behind the 2017 mobile title Magikarp Jump) to make a separate game called Pokémon SLEEP. Next to no details on that one yet, though, besides a launch window of sometime in 2020 and the logo:
All of it will tap a just-announced device called Pokémon GO+ Plus (Yeah. Two plusses, one written. Go Plus Plus.) It’s a follow-up to the original GO+, which was built primarily to let you play Pokémon GO without actually looking at your phone’s screen. The GO Plus Plus will do everything the GO+ did (letting you tap a button to spin Pokéstops, or catch nearby Pokémon) but also has a built-in accelerometer allowing it to be laid on your bed to track sleep habits and send’em back to your phone via Bluetooth.
And here’s a screenshot of a video that played alongside the announcement, showing the device as it’s meant to be used:
The Texas Legislature has been grappling lately with a slew of issues, from immigration and abortion to LGBT rights. Now, a big move for lawmakers there on one particular front: GOP Gov. Greg Abbott has announced relief will soon arrive to help his state’s public school teachers. The AP reports…
Maine has adopted a ban on Native American symbols as public school mascots, making it the first US state to do so, reports CNN and the Hill . “While Indian mascots were often originally chosen to recognize and honor a school’s unique connection to Native American communities in Maine, we have…
As the pilotless flying wing came in for a landing, winds suddenly picked up. Facebook Inc.’s Aquila drone — powered by the sun and wider than a Boeing 737 jetliner — struggled to adjust. Just before landing, part of the right wing broke off.
That inaugural 2016 flight proved an inauspicious beginning…
It started out innocuously enough: In September 2010, Larry Ray came to stay with his daughter at Sarah Lawrence College. Sophomore Talia Ray lived with seven housemates in a campus dorm called the Slonim Woods 9, and the 50-year-old became the de facto house dad. Then he began “counseling” some…
The Trump administration plans to let an additional 30,000 people return to the United States through September for seasonal work, a move that reflects how the booming economy has complicated President Trump’s hard-line efforts on immigration.
Details of the plan were in a draft rule obtained by…
Mark your calendars for next Wednesday: You won’t want to miss the chance to possibly see “something no human has ever seen before.” That’s how Popular Mechanics is framing the big reveal scientists are expected to make—a photo of Sagittarius A*, a black hole in the Milky Way 25,…
The US has a lot of sports arenas, and now it’s about to get its first esports arena. Comcast Spectator is building the nation’s first video gaming arena in Philadelphia, Philly.com reports. The arena will be home to the Comcast-owned Philadelphia Fusion , a professional esports franchise competing in the…