Circle’s cryptocurrency exchange subsidiary, Poloniex, has been making moves to improve the accessibility of the platform. New ways to buy crypto assets on Poloniex! Customers in 80+ countries can deposit or withdraw $ USDC directly from their bank account. Customers in 60+ countries can now buy $ BTC using their debit or credit card: https://t.co/WIhdScej5W — Poloniex […]
SludgeFeed
Crypto App, Debit Card 2Gether Adds Dash to Roster of 9 Tokens
2gether, a European payment app allowing users to spend crypto via a Visa debit card, is adding dash to its list of nine supported coins.
CoinDesk
Coinbase’s Crypto Debit Card Released in 6 More European Countries
In April, Coinbase launched the Coinbase Card, a Visa debit card that lets customers in the UK spend crypto as effortlessly as a typical debit card tied to a bank account. Now, according to a recent report by CNBC, Coinbase is expanding access to the crypto debit card to include Spain, Germany, France, Italy, Ireland […]
SludgeFeed
Coinbase Launches Crypto Debit Card in 6 European Countries
Coinbase Card is being made available in six new countries across Europe. The service enables users to spend their digital funds in-store and online, supporting all crypto assets available to trade on the Coinbase platform such as bitcoin cash.
Also Read: How to Buy a Cryptocurrency Hardware Wallet With Bitcoin Cash
Coinbase Card Expands Across Europe
San Francisco-based cryptocurrency exchange Coinbase has announced that it is expanding its Visa debit card service in six new European countries. Coinbase Card, which was launched in the U.K. in April, will now be made available to customers in Spain, Germany, France, Italy, Ireland, and the Netherlands. The service enables account holders from the supported countries to spend their crypto balances in a familiar way to anyone with a debit or credit card.
Crypto Debit Cards You Can Use Now Plus a Few to Expect Soon
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.
Also read: These Tourist Destinations Welcome Bitcoin Cash Enthusiasts
Coinbase CEO Teases Launch of Debit Card in the U.S.
Coinbase CEO Brian Armstrong has announced that the company is working on introducing its debit card to customers in the U.S.
Armstrong’s announcement came in a live AMA session on YouTube on May 16, 2019, during which he fielded questions and touched on various topics such as community trust ratings for altcoins and fraud prevention. While he did confirm that the debit card is coming to U.S. customers, he didn't divulge a specific release date.
Last month, Coinbase launched the Coinbase Card, a Visa-based debit card which, according to the exchange, allows customers to make purchases online and in-store using their crypto balances.
Cashaa Now Accepts Debit, Credit Cards for Crypto Purchases
Online banking platform Cashaa is set to allow users to purchase bitcoin, ether and Cashaa’s own token, CAS, using major credit and debit cards.
This new service is a follow-up to the Business Banking Services Cashaa launched earlier in April 2019, which allows both individuals and private firms to open accounts with Cashaa and accept cryptocurrency payments. According to a company statement shared with Bitcoin Magazine, the service will be available to users all over the world, excluding the U.S.
Coinbase Introduces Debit Card Linked to Cryptocurrency Balances for U.K. Customers
Major U.S.-based crypto platform Coinbase has launched the Coinbase Card, a debit card that lets U.K. customers make purchases online and in-store using cryptocurrency.
The new card will link the customers' crypto balances held on the Coinbase platform with their debit cards — converting crypto holdings into fiat currencies to complete each transaction.
The Coinbase card gives users the ability to make payments via "contactless, Chip and PIN, as well as cash withdrawals from ATMs," an official press release from the exchange states.
The debit cards will be issued by Paysafe Financial Services Limited, a U.K.-based financial services firm regulated by the Financial Conduct Authority (FCA).
Coinbase Launches Its Crypto Debit Card in the United Kingdom
Coinbase revealed Wednesday that it has launched the Coinbase Card, a Visa debit card that lets customers in the UK spend crypto as effortlessly as a typical debit card tied to a bank account. According to the announcement, the new Coinbase Card allows Coinbase users to pay in-store and online using the digital currencies available […]
SludgeFeed
Crypto Debit Card Providers Are an Endangered Species
It’s hard finding a reliable way to spend your cryptocurrency. When BTC’s fees went sky high in 2017, many merchants were sent scurrying from the crypto arena and have yet to return. With the Lightning Network permanently six months away, and few established crypto payment gateways, crypto debit cards have become a popular means of converting to fiat. But due to the complexities of operating a crypto-fiat business while satisfying regulatory requirements, coupled with the whims of payment giants Visa and Mastercard, crypto debit card companies find themselves in a precarious profession.
Spain’s 2gether Unveils Crypto Debit Card, as Polispay Is Forced to Cancel Its Mastercard
2gether, a Spanish banking platform, has announced the launch of its prepaid Visa debit card that allows holders to pay for goods and services using cryptocurrency. Customers can use the card to make payment in euros or via bitcoin core, bitcoin cash, ripple, ethereum, EOS, litecoin and stellar.
Also read: Cboe Discontinues Bitcoin Futures for Now
Fee-Free Card Available for Users in the Eurozone
In a statement, 2gether revealed that the card “instantly” converts the cryptocurrency to fiat currency. Users within the 19-member Eurozone economic bloc can utilize the card without paying any fees. The Madrid-based banking startup believes that with its prepaid card it is solving problems associated with making purchases using virtual currencies.
Coinbase Killer? Binance Adds Direct Debit and Credit Card Purchases
Binance, the world’s largest crypto exchange, announced Thursday that investors can now directly purchase major cryptocurrencies using Visa and MasterCard debit and credit cards. #Binance Enables Debit and Credit Card Paymentshttps://t.co/EuJSsaHsQU pic.twitter.com/5uhflUcmXL — Binance (@binance) January 31, 2019 According to the announcement, users on Binance can now use Visa and MasterCard to buy Bitcoin (BTC), Ethereum (ETH), Litecoin […]
SludgeFeed
Debit Card Issuer Bitnovo Announces Bitcoin Cash Support
Bitnovo has launched support for bitcoin cash (BCH). Starting September 27, users of Bitcard and N26 account, both bank-free product offerings from the Spanish cryptocurrency trading platform, will be able to replenish their cards or accounts with BCH. Payments will be supported also.
Also read: Pesamill Africa Launches as Kenya’s Latest Exchange Offering P2P And Centralized Trading
Users of Bitnovo Bitcard And N26 Account Can Now Use Bitcoin Cash For Top Up And Payments
Bitnovo announced today that holders of its Bitcard or N26 account can now top up both products with bitcoin cash.
Minexcoin Roadmap Details Atomic Swaps, Debit Cards and Other Updates
MinexSystems, a blockchain solutions company for products such as Minexcoin and MinexBank, recently released its updated 2018 roadmap. The roadmap extends until the fourth quarter of 2018, designated to enlarge a holistic ecosystem for MNX. The company believes that 2018 will become a year when decentralized payment methods will receive great support among not only crypto-enthusiast but the general public too.
Volinex Offers Crypto Community Solution for Major Debit Card Issue
BARCELONA, 25 January 2018 – On 14 January Switzerland based start-up Volinex AG launched its debit card to offer a solution for the sudden closedown of all WaveCrest issued Visa debit cards. The issue still causes major problems for millions of European cryptocurrency owners. For their debit card, Volinex is partnering up with a company that works with the largest credit card providers in Europe. At volinex.com people can place a pre-order for one of the 100,000 available Volinex Cryptocards. Up until this moment over 5,300 cards have been sold.
Australian Based MoxyOne is Offering ICO’s White Labelled Debit Card Infrastructure
There is a growing demand for cryptocurrencies to become usable in the real world. MoxyOne having realized the need for this service, is working on developing a financial infrastructure that solves this issue. The solution will be a white labeling service that allows companies to become partners and gives them access to the MoxyOne infrastructure.
It is the first Australian company to offer these services to any ICO that wishes to issue debit cards to their users. Development of the system will begin testing in Australia (purchases via EFTPOS) and will expand globally within the next few years.
Bitcoin Core Developer Scorns BitPay After Mass Debit Card Shutdown
Bitcoin Core developer Jonas Schnelli has hit out at payment processor BitPay after it suddenly “deactivated” all its non-US debit cards.
Visa Wields Axe On Prepaid Cards
In a message to users, BitPay explained that its card issuer, Wave Crest, “received direction from (Visa) to immediately close all accounts of its prepaid (Visa) debit card programs,” of which its prepaid Bitcoin debit card was one.
A lack of notice meant the company had no choice but to immediately shut down spending from all its customers outside the US, BitPay claimed.
The message continued with:
PLAAK Launches Highly Anticipated ICO Backed by the First Decentralized Freelance Market App for Service Providers Such as Tradies, Professionals, etc., and Consumers That Will Include a Multi-Web Payment Wallet with An Attached Debit Card Feature
The PLAAK App ecosystem aims to give control back to Tradies and consumers alike by enabling Service Provider to choose their work hours and giving as much information as possible about the Service Provider to the consumer; allowing both parties to make the best choice for their unique requirements. The included wallet will also give true payment freedom, allowing the user to allocate funds within the wallet and pay Service Providers with the Cryptocurrency of their choice.
Cointed Announces Crypto Debit Card Giveaway
Cointed is partnering payment solutions company to provide a crypto debit card that aims to make payments in crypto part of everyday life. Those who contribute to the Cointed ICO during December have the chance to win a crypto debit card.
Why a Crypto Debit Card?
Clients will link their wallets to the card, in the same way traditional cards work. Payments will be charged in crypto but the merchant has the opportunity to get paid in fiat. This will allow people who want to spend their crypto to do so without forcing merchants to accept digital currency in their stores.
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