Blockchain 

Crypto Debit Card Firm Cryptopay Launches UK Bank Transfers With British Pound

Crypto wallet and debit card service company Cryptopay now offers transfers with the British Pound (GBP) through the Faster Payments Scheme. Cryptopay revealed the development in a press release with Cointelegraph on Oct. 9, specifying that its United Kingdom-based users can now fund their accounts and make withdrawals with GBP, avoiding GBP to euro conversion charges. The release further explains: “Upon activation users will get their own sort code and account number, which means that the transfers will bear the account holder’s name, not Cryptopay. This is especially important as…

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Bitcoin 

Venezuelan Exchange Rolls Out Crypto Debit Card with Petro Support

Two Venezuelan companies have partnered to release a cryptocurrency debit card and point-of-sale (PoS) system. “Crypto transfer device” supports four currencies According to a social media release by state-sanctioned exchange CriptoLAGO on Oct. 1, the joint offering with so-called “investment cryptobank” Glufco is already taking orders. Translated part of the announcement states:  “What we were waiting for, our alliance with Glufco, puts us at the forefront.”  The system will provide support for Bitcoin (BTC), Ether (ETH), Dash (DASH) and Petro, the Venezuelan government’s state-backed digital currency.  Neither offering, it appears,…

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Blockchain 

Digix and MakerDAO Tokens Now Loadable Onto Monolith Visa Debit Card

London-based banking alternative Monolith announced its partnership with decentralized finance companies Digix and MakerDAO, Aug. 15. As part of its drive for digital payment adoption in e-commerce, DGX, DGD and DAI tokens will now be loadable onto the Monolith Visa debit card. A critical bridge between the worlds of decentralized finance and retail Effective immediately, users who sign up for a Monolith Visa debit card will be able to load it up with MakerDAO and Digix’s digital currencies through the Monolith mobile app. The currencies can then be used for…

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Bitcoin 

Litecoin Foundation to Release Physical Cryptocurrency Debit Card

The Litecoin Foundation has announced a partnership with Bibox Exchange and blockchain firm Ternio to release a physical cryptocurrency debit card, in a blog post on June 18. Per the post, the companies will jointly roll out a cryptocurrency debit card dubbed “BlockCard” that will purportedly let users spend their cryptocurrency funds both online and in physical store locations around the world. Customers will be able to keep cryptocurrencies such as litecoin (LTC) and Bibox Exchange’s and Ternio’s native tokens bibox token (BIX) and ternio (TERN) respectively. Within the project,…

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Bitcoin 

Coinbase-Supported Bitcoin Debit Card to Shut Operations in April

The Shift Bitcoin (BTC) debit card, which allows United States cryptocurrency exchange Coinbase users to spend BTC using a Visa debit card, is reportedly shutting down its operations. The development was posted to Reddit on Feb. 18, with the upload of an email purportedly from the Shift team. Shift, which launched in November 2015, was one of a steadily-increasing cohort of cryptocurrency debit cards, with multiple providers now issuing them in various countries. According to a screenshot of an email uploaded to Reddit and attributed to the Shift team, the…

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Australians Can Use Crypto Debit Card at 30,000 ATMs and Up to 1 Million Payment Terminals

Finding easy ways to spend cryptocurrency can be nothing short of a nightmare — and even when you discover a platform where your digital assets can be used for purchasing everyday goods and services, you’re normally faced with delays and high transaction fees. A Sydney-based startup is seeking to change the status quo by offering a crypto debit card which enables the likes of Bitcoin and Ethereum to be used at any business or ATM across Australia. Unlike other preloaded cards, BTC.com.au says its card is free to acquire, and…

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