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SpectroCoin Announces Altcoin Support for Bitcoin Debit Cards

· March 30, 2017 · 3:30 pm

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Leading London-based Bitcoin service provider SpectroCoin has rolled out a major update to its prepaid Bitcoin debit card. Beginning March 2017, the SpectroCoin prepaid Bitcoin debit card supports a total of 41 Cryptocurrencies.


SpectroCoin entered the market three years ago with their Bitcoin debit card, to help meet the everyday needs of Bitcoin users. Since then the company has been working towards large-scale support for multiple currencies and an increased focus on expanding payment methods and services.

The SpectroCoin prepaid Bitcoin debit card acts as a practical alternative to traditional fiat debit cards as they can offer the same flexibility. The Bitcoin debit card can be used at any ATM or terminal that accepts VISA or MasterCard and is available in over 120 different countries across the globe. The service offers users a very attractive fee structure, with no loading fees, a monthly fee of $1.00 USD, and a cost of $9.00 USD for the physical debit card.

spectrocoin

SpectroCoin’s new announcement follows the recently added support for popular cryptocurrency DASH. Users of SpectroCoin can now take advantage of the DASH wallet to send, receive payments and top-up their prepaid cards with the currency.

SpectroCoin also helps businesses to receive DASH payments from customers and receive the settlement in fiat currencies (USD/GBP/EUR), through the application of merchant APIs and shopping cart plugins. DASH solutions have gained a lot of traction in the recent days following an increase in adoption.

Users will now be able to choose from an extensive range of alternative currencies when they load their Bitcoin debit cards via their SpectroCoin online wallets. Users will also be able to top up their SpectroCoin debit cards with their preferred cryptocurrency and use it at ATMs, pay vendors, or withdraw using any of the multiple available methods. Some of the popular altcoins supported by the new service include the likes of Ethereum, Monero, LiteCoin, ZCash, Auger and of course DASH.

SpectroCoin Finance Ltd is committed to developing innovations for electronic payments to meet the needs of a rapidly expanding industry. The company plans to monitor developments in the cryptocurrency industry while progressing the company’s mission to deploy more payment solutions and extend support to new currencies as the demand increases. The introduction of new altcoins is a huge step for SpectroCoin towards achieving its vision.


Images courtesy of SpectroCoin, AdobeStock

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Čvc 10

Price Report: Bitcoin is Dominating Argentina

Source: bitcoin

Argentina

Another small rise is in the books. Following a drop to $639, the price of bitcoin has jumped up to about $645 at press time.

Also read: Pounds vs Yen: The Battle Over Bitcoin Rages On

At first glance, this appears to be a meaningless rise. Just a few dollars, nothing to scream and shout about, but considering the circumstances surrounding the halving that has now officially taken place, the results are something to celebrate.

The price of bitcoin fell about 5 percent at midday on Saturday, slumping to the $620 range. This drop was only temporary, though, as just a few hours later the price rose by an additional $20, causing everyone to breathe a deep sigh of relief.

Following the first Bitcoin halving about four years ago in 2012, the price of a single coin dramatically increased. We’re likely to witness a similar spike in the coming weeks, granted these results repeat themselves.

“The impact of the halving isn’t based on size, it’s based on marginal profitability,” explains Erik Voorhees of Shapeshift.io.

But some aren’t looking at the halving as an influence at all, believing action in countries like Argentina could lead the digital currency towards a particularly impressive jump. This is where a few unusual situations come in.

Bitcoin Saves the Day in Argentina

In Buenos Aires, the capital city of Argentina, growing “dial-a-ride” service Uber is facing opposition for allegedly operating without permits or tax-identification numbers. Lawsuits from taxi companies are popping up regularly, and credit card companies have blocked Uber payments. Even city officials are taking a stance.

So what’s Uber done? Wanting to stay in business, the ride-sharing service has turned to bitcoin company Xapo, where it has found security in a bitcoin-funded debit card that customers can use to purchase rides. The card is not used locally; rather, transactions occur out of Gibraltar, an area that doesn’t oversee or block Uber payments. Xapo head Anni Rautio says the process of obtaining a card is easy, and the company has already witnessed several customer requests:

“All they have to do is set up their Xapo and receive it at home, and it’s ready to use… This is a very specific situation with a very specific problem and a very specific solution… Since last week, all Uber users in Argentina have been able to use their Xapo bitcoin debit cards to pay for their Uber rides… This is a win for all local Uber users and drivers, and for Uber as a company, as they are able to continue operations in Argentina through Xapo’s debit card.”

So in its fight to garner financial independence for users, it would appear that bitcoin has chalked up another valiant win.

Do you foresee another massive rise? Post your thoughts and comments below!


 

Images courtesy of Uber, Wikimedia Commons.

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Price Report: Bitcoin is Dominating Argentina

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Kvě 06

Industry Report: Dr. Satoshi, BitPay Launches Bitcoin Debit Card

Source: bitcoin

Bitcoin Industry Report

There have been some crazy things happening in the world of digital currency since our previous industry report. Is it possible that the identity of Satoshi Nakamoto has been revealed? Los Angeles is now home to some new Bitcoin ATMs, and BitPay has introduced us to a new kind of credit card. Take a look at some of this week’s headlines below:

Editor’s note: Since press time on this article, news has emerged of Craig Wright backing out from his promise to move coins from early Bitcoin blocks. Additionally, his personal site has been taken down and replaced with a message stating his inability to handle the pressure being placed upon him.

Also read: Industry Report: Bitcoin Error Makes Miner Rich, DCG Grows Empire

Industry Report

SATOSHI NAKAMOTO

The identity of bitcoin’s mysterious creator has long been an enigma, but a breakthrough may have occurred as early bitcoin entrepreneur Dr. Craig Wright is now claiming to be the alleged mastermind behind everyone’s favorite cryptocurrency.

The Australian businessman came forward to give pressuring media platforms the latest scoop regarding his cryptic “alter-ego,” but not everyone is a believer. According to some, all Dr. Wright has to do to prove himself – which he’s yet to agree to – would be “using a real private key from the genesis block.” In other words, he must sign in via a private key owned by Satoshi himself. The news is apparently causing a strain of panic, and some are considering selling their bitcoins before the news supposedly causes the price to decline rapidly.

COINSOURCE

Los Angeles is a melting pot. It’s home to numerous cultures, businesses and just about everything else under the sun, but it’s now the proud station of seven new bitcoin ATMs from financial network Coinsource, which has launched several machines in cities ranging from San Diego to San Jose to Las Vegas.

According to CEO and Co-Founder Sheffield Clark, the company is experiencing massive growth, and interest in digital currency is higher than ever before:

“Our entrance into the Los Angeles area is the most important yet for both the Coinsource brand and for bitcoin enthusiasts in Southern California. The roll out of seven new machines in one go was a significant logistical achievement, but we are proud to bring so many more options for both novices and veterans of bitcoin. With more and more use-cases for bitcoin every day, we foresee a future where digital currency is used as commonly as cash or credit cards.”

BITPAY

BitPay has released a bitcoin-based Visa card which allows people to load bitcoin as their amounts run short.

What’s the big news? It can be used at virtually any store or online platform accepting debit card purchases. The card is a multi-faceted form of plastic, only this time, bitcoin’s behind the wheel.

Once purchased, the card arrives within ten days. At press time, the card is only available in the United States.

Any stories you’d like us to include in our next industry report? Let us know by posting your thoughts below!


 

Images courtesy of Youtube.com, lafilm.edu, & bitpay.com

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Industry Report: Dr. Satoshi, BitPay Launches Bitcoin Debit Card

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Bře 18

Wirex Launches Buy Bitcoin Service and 2-way Bitcoin Card




Source: bitcoin

Bitcoinist Wirex rebrand

London, March 17, 2016 — Wirex Limited has launched the first 2-way bitcoin debit card with a buy bitcoin function.  Wirex, recently rebranded from E-Coin, will now enable users to fund their debit card accounts from anywhere the world with bank transfers and alternative payment methods. This move is expected to benefit Wirex’s customers in more than 130 countries globally. 

Disclaimer: This is a press release. Bitcoinist is not affiliated with this firm and is not responsible for its goods and/or services.

Wirex Two-Way Bitcoin Debit Cards

Customers can now use their bitcoin debit cards to purchase the digital currency, on top of using them to conveniently spend their coins wherever Visa and MasterCard are accepted. Connected to Wirex/E-Coin accounts, these new cards can be funded through dozens of bank transfer options and alternative payment methods (APMs).

The company supports international and domestic bank transfers directly to users’ accounts.  With partner banks in over 68 countries, customers can make quick domestic transfers to their Wirex debit card accounts. Supported banks include Barclays, Lloyds, ING and the Royal Bank of Scotland. The firm has published a blog that lists all the possible methods Wirex customers can use to purchase bitcoin.

The firm also supports bitcoin purchases through popular alternative payment methods. Customers can use services such as PaySafeCard, Sofortuberwesing, Neosurf and Yandex to top up their debit card accounts. A full list of supported alternative payment methods can be found in Wirex’s blog post, “Ways to Top Up Your Wirex and E-Coin Account.”

The company will also be rolling out a new platform some time in April 2016. All users, cards, and accounts will move over to the new wirexapp.com platform without delay once it launches in April. In the meantime, customers can continue to create accounts and take advantage of using bitcoin everywhere through the E-Coin website. For updates on the status of Wirexapp.com, users can visit e-coin.io.

For more info, please contact:

Tim Frost

VP Marketing & Business Development

pr@wirexapp.com


Images courtesy of Wirex.

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Wirex Launches Buy Bitcoin Service and 2-way Bitcoin Card




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Led 25

UniChange Launches Bitcoin Debit Cards!

Source: bitcoin

UniChange

UniChange is a Bitcoin exchange platform that now offers instant Bitcoin debit cards, virtual and plastic. Since 2013, Unichange has offered key services to Bitcoin users, and continues to do so with high quality and low fees.

Disclaimer: This article was provided by Bitcoin PR BuzzBitcoinist is not affiliated with Unichange and is not responsible for its products and/or services.

Unichange debit cards allow the users to spend their Bitcoin and Litecoin within a fiat payment system without first exchanging to fiat, then waiting for the balance to reflect on their debit cards. Instead, users will deposit Bitcoin into an account linked to the Unichange debit card, where the Bitcoin will be sold and exchange automatically whenever a charge is made to the card.

Unichange offers some of the highest limits, with $2,500 a month for unverified users and $500,000 a month for ones that are verified. Also, the cost of a physical card is $14 USD, which aligns with prices of similar competitors offerings. The virtual debit card is only $1, and delivery is instant as well, making it a great choice for online shoppers.

“There is no key to success. You just have to do your best. And only you can define your “best”. For example we are struggling hard to become the most efficient and universal service where everyone can find the solution for a problem. The way to our goal consists of providing high-quality services and keeping fees low. – Said by Unichange’s Head of Partners Department”

Withdrawal fees have also been reduced, the new fees are 3% for a Bitcoin withdrawal to a USD card, and 2% for a withdrawal of Bitcoin to an EUR card. Customers without cards are reminded that Unichange also allows users to withdraw their Bitcoin through Western Union as well.

The Original Press Release Source is Bitcoin PR Buzz

About Bitcoin PR Buzz:

Bitcoin PR Buzz has proudly served the PR and marketing needs of cryptocurrency and Bitcoin tech start-ups for over 2 years.

 About Unichange.me

Unichange.me is created to serve all people willing to make fast, secure and reliable buy, sell or exchange operations with e-currency.

Our team consists of experienced players of e-currency exchange market, striving to provide high-level of work to our clients. Unichange.me staff members have more than 8 years of experience in financial sphere.

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UniChange Launches Bitcoin Debit Cards!

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Charlie Lee Opens Up About Coinbase Shift Debit Card

Source: bitcoin

Shift debit card

Coinbase launched its Bitcoin debit card to much adoration by crypto-currency enthusiasts. Shift Payments, a fintech company, will issue the card, which enables Coinbase users in 24 US states to spend bitcoins online and offline at more than 38 million merchants across the globe.

Also read: Peter Todd Double Spends on Coinbase

Shift: The Debit Card from Coinbase

To receive a Shift Card, you can order it from Coinbase. You will be asked to provide an address and a $10 issuance fee, payable in bitcoins. There are no fees on domestic transactions beyond the initial $10 issuance fee for a limited time. Coinbase’s fee schedule can be found by clicking here.

Bitcoin debit cards could be an awesome advent for the Bitcoin industry, as the card represents something familiar for consumers to use. It works just like a regular debit card, except for the backend where you must load it or fund it with bitcoins.

We spoke with Charlie Lee, Director of Engineering at Coinbase and creator of Litecoin, regarding his thoughts on the Coinbase debit card, which he thinks are twofold. 

On one hand I think it’s a game-changer; on the other hand, it’s not really,” Lee told Bitcoinist.net. “People argue that spending money with the Coinbase debit card is not really using Bitcoin because bitcoins are not sent on the Bitcoin network. So it goes against the intention of Bitcoin.” He also points out that the Shift Payments Coinbase card is costlier than raw Bitcoin.

“Since the fees to the merchant is the same and there is an additional fee for the user, using the Coinbase debit card actually costs the user more than a regular credit card, where they can get some percent back,” Lee said, highlighting an important problem Bitcoiners are discussing: incentives. “I have to agree that in that sense, it’s not really much better than what we have currently.” Lee stresses two distinct features that make Bitcoin what it is.

“Those are the store of value and the payment network,” Lee said. “The Coinbse debit card does not take advantage of the Bitcoin payment network, but it’s the killer app for Bitcoin as a store of value. Now, people can hold all their wealth in Bitcoin and still easily spend it wherever Visa is accepted. That’s definitely a game-changer.” For Lee, this solves Bitcoin’s chicken-and-the egg problem of merchants not willing to accept bitcoin because customers don’t use it and vice versa.

“Now that people can spend their bitcoins even at places that don’t accept them, they will more likely hold bitcoin,” Lee concluded. “And merchants will more likely start to accept bitcoin when a lot of people have bitcoin to spend.”

Will you get a Shift debit card? Let us know in the comments below!


Images courtesy of Coinbase

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Charlie Lee Opens Up About Coinbase Shift Debit Card

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