Posts Tagged ‘Bitcoin Debit 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…

e-coin-e-card

The service E-Coin that is offering users a Bitcoin-powered Debit Card and an online Multi-Sig wallet is apparently going to be rebranding to Wirex. So in the future instead of E-Coin debit cards you will be getting a Wirex Bitcoin-powered debit card, but with the rebranding we are also supposed to get new extras including a dedicated mobile applications for Android and iOS. Meanwhile the old E-Coin website is still fully functional and is still the way to use your Bitcoin online wallet and to control and manage any virtual or physical Bitcoin-powered debit card if you have already have one.

e-coin-bitcoin-visa-debit-card

Last year we have reviewed the service and even got our own physical E-Coin Bitcoin debit card issued to try it out, you can find our first impressions using the card here. We should note that we got an unbranded Visa card issued from My Choice Corporate and apparently the new cards should be Master Cards branded as Wirex Card and be issued from by Wave Crest Holdings. We will have to wait a bit and see that when the rebranding is finished and E-Coin fully transforms as Wirex, something that is currently going at the moment.

e-coin-buy-bitcoin

As we have already mentioned E-Coin is an online multi-sig wallet for securely storing Bitcoins as well as a service that allows you to get a Bitcoin powered debit card. The Bitcoins you have in your balance however are not directly available for use through your Bitcoin debit card, you need to first load your card by essentially exchanging Bitcoins for the fiat currency of the card. It is also possible to to load money directly in the Bitcoin debit card with a bank transfer, but up until recently you had no option to “unload” money from the card back into your Bitcoin wallet from within the service. Now you finally have to option to Buy Bitcoin with the balance in your card, so you can move BTC to fiat and vice versa any moment you like, so you can even profit “trading” when the exchange rate changes. Of course for trading you would prefer to go for an exchange, but it is convenient to be able to get any unspent EUR from your Bitcon debit card back to Bitcoin if you are not going to be needing them for the moment.

For more information about the virtual and physical E-Coin Bitcoin-powered Debit 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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