A Bitcoin debit card could be as close as two months away, according to a US company.
Xapo, a provider of online Bitcoin wallets, claims it is the first company to link users’ online Bitcoin wallet to a card rather than requiring them to pre-load a card with Bitcoins.
According to the company, it is just two months away from introducing a card that will work at any merchant or retailer that accepts Visa or MasterCard.
"You just have one card that you can use everywhere without restrictions," said Wences Cesares, Xapo’s founder.
Although Xapo says the card is just two months away from launching, the firm is still deciding which payment network it will use.
Cesares says the company is testing MasterCard, Visa and Discover.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData"I think it’s most likely MasterCard, but there’s still a chance that it will be another," he added.
The company will issue a debit card number and expiration date but charge $15 for a physical card.
Related articles:
Bitinvest to introduce new prepaid MasterCard bitcoin debit card in Brazil
Cryptex launches Bitcoin-converting payment card
Canada’s Prepaid Bitcoin makes cards available for purchase