Getting everyday consumers to use Bitcoin is an uphill battle that is slowly advancing in the right direction. The number of merchants accepting Bitcoin directly is on the rise and there are alternate solutions available to spend virtual currency. Bitcoin debit cards, such as the one issued by E-Coin for example, is seeing some great feedback. Now that the company announced their lifelong affiliate program, things can only get better for Bitcoin enthusiasts.
A Bitcoin Debit Card With Affiliate Program
At the time of publication, various Bitcoin companies have been trying to break grounds in the debit card sector. Most of the Bitcoin debit cards in circulation, including the one issued by E-Coin, need to be pre-loaded with funds. Other types of Bitcoin debit cards are tied directly to a Bitcoin wallet’s funds, yet charge slightly higher usage fees.
In the end, it all comes down to how you are planning to use your Bitcoin debit card. Both online and in-store purchases can be completed without an issue, giving customers unlimited options to spend Bitcoin wherever major credit cards are accepted. Even though Bitcoin debit cards are far from a perfect solution for both merchants and customers, they offer a certain level of convenience without requiring additional staff training.
There is a certain advantage for merchants when it comes to debit cards. Despite Bitcoin offering the lowest transaction fees in payment history, Bitcoin debit cards are processed on a flat fee, rather than a percentile of the total payment amount. As a merchant, the transaction cost associated with (Bitcoin) Debit Cards are in between Bitcoin transaction fees and credit card fees.
Very few companies in the Bitcoin Debit Card space are actively trying to lure in additional customers. E-Coin is doing things a bit differently, though, as they have recently launched a lifetime affiliate program for new and existing card holders. This affiliate fulfills two needs: growing the E-Coin customer base around the world, and offering existing users an incentive to tell their friends and family about the Bitcoin Debit Card.
E-Coin users will earn 10% of the total gross fees based on their referrals who charge up their Bitcoin Debit Card. The amount of 10% will remain throughout the entire first year of top-ups made by referrals, after which it will be lowered to 5% for the rest of their life. What makes E-Coin’s affiliate program even more interesting is the fact there are no earning limits in place, giving customers a great opportunity to generate a substantial passive income.
But that is not all, as every person who registers an E-Coin Bitcoin Debit Card through a referral link, will get a 25% discount on their card order. It doesn’t matter whether the referred person buys a USD, GBP or EUR-denominated debit card. All cards are available for shipping right now.
Pushing Bitcoin Adoption To New Levels
Regardless of whether you are a fan of Bitcoin Debit Cards or not, they provide a great opportunity to boost Bitcoin adoption around the world. One of the biggest worries for merchants is that there are not enough customers who are willing to pay in Bitcoin, because they have not heard of the virtual currency just yet.
Actively promoting the use of Bitcoin Debit Cards is not the end goal for virtual currency adoption, but it gives evangelists and enthusiasts an additional option to get people acquainted with virtual currency. After all, loading the card still has to be done with Bitcoin, by scanning QR codes or sending funds to a Bitcoin address directly.
Source: Press Release via Email
Images Courtesy of E-Coin