Posts Tagged ‘Bitcoin bank card

Wirex has been busy relaunching their crypto powered payment cards service and after the recent availability of virtual cards the company has also started rolling our plastic cards again starting with UK, though other countries should follow shortly. Last month Litecoin (LTC) support was added with more crypto currencies apparently to follow soon apparently. What is more interesting is one new feature that has been just announced called Cryptoback, essentially a reward scheme that gives you back 0.5% of each in-store purchase as crypto. This means that you will earn 0.5% of all in-store purchases you make using the Wirex payment card, redeemable in Bitcoin and with no monthly cap.

We cannot wait to get our new plastic debit cards from Wirex. We have been using the company’s crypto cards even before rebranding to Wirex, since they were still called E-Coin, and are really happy to see that they are getting back into the game after the WaveCrest issue from the begging of this year that has created problems for a lot of companies offering similar crypto-powered products. Do you thing that the next logical step is for crypto banks to start appearing…

Fore more information about the Wirex cryptopowered debit cards and the Cryptoback feature…

The focus for crypto wallets tied with VISA/MasterCard bank cards was pretty much on Bitcoin (BTC), but now it has started moving to altcoins as well like in the case of Wirex adding support for Litecoin (LTC). Wirex was one of the companies that has relied on WaveCrest and as a result like many others their cards became invalid at the start of the year. Meanwhile the company has been working to start issuing new bank cards that are tied to crypto currencies and they have just announced that besides Bitcoin (BTC) they are already supporting Litecoin (LTC) with other altcoins also to be supported soon. Wirex has been resulting their services with the release of virtual debit cards and physical plastic cards should soon be available again as well.

The Wirex LTC wallet allows you to:
– Spend Litecoin by instantly converting into local currency like GBP, EUR or USD to spend with your free Wirex Visa Card.
– Buy Litecoin via your Wirex account, which can be funded by bank transfer, debit or credit card (high limits, instant purchase, easy account verification, fully secure).
– Deposit dozens of popular altcoins for instant exchange into Litecoin (cash out ICO profits with ease).
– Exchange Bitcoin for Litecoin or vice versa at any time (useful if you see positive or negative news and want to catch a sudden increase in BTC or LTC value).
– Withdraw Litecoin to any other LTC wallet (including free money transfers or making purchases with Litecoin.
– Or use Litecoin as a payment option as major brands make it available (starting soon based on industry rumours).

Fore more information about Wirex, Litecoin (LTC) support and their crypto bank cards…

bitwala

The European company Bitwala that provides services for paying bills by transferring Bitcoin to fiat and more recently started offering BTC to PayPal transfers has added a new service – Bitcoin-powered Debit Cards. According to the service the cards should be already available for “Tier 2 verified” customers in the form of a physical or a virtual debit card nominated in Euro. You can order a virtual Bitcoin debit card for 5 EURO or a physical card for 10 Euro with the regular 0.5% percent fee of the service and funds should be credited on the card up 3 business days and often a lot faster according to the information available (during work days it should not take more than a few hours). This means that similar to their BTC to PayPal service the transfer of Bitcoins to your BTC powered debit card will not be immediate and this in the world of crypto currencies is a serious issue. When you want to spend Bitcoins through a debit card that is powered by BTC you will normally want to be able to immediately spend the coins as fiat and not having to wait for up to a few days. Thee are already alternatives for Bitcoin debit cards that we have tried and that offer users to immediately spend their available coins in a wallet or loaded to the card as fiat such as Xapo Bitcoin Debit Card or E-coin Bitcoin Debit Card. Though having more alternatives and different options can be helpful at times, especially in the world of crypto currencies, so this is one more option for a Bitcoin debit card that you can have.

For more information about Bitwala and to try out the service yourself…


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