That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. In the statement, the company reassures its customers that the funds they had stored on their BitPay cards at the time of closing are safe, and will eventually be returned. Images via Shutterstock, Twitter, and Bitpay.Īt all comments containing links are automatically held up for moderation in the Disqus system. BitPay, one of the companies concerned by Visa suspending the status of the card provider of WaveCrest flow Friday, has posted an announcement on the event today, Saturday. What do you think of the Bitpay bitcoin card being available to 131 countries? Have you tried Bitpay’s Visa card? Let us know about your experiences and what you think about the bitcoin card in the comments below. “The Bitpay Card’s recent integration with Bitpay’s bitcoin wallet allows users to convert bitcoin funds to dollars, euros, or pounds on the card in one in-app swipe.” “The card is significantly more convenient, more affordable, and faster - by an order of days - than many online exchange methods for bitcoin today,” Bitpay’s announcement states. The card available for bitcoin users was the first to offer conversion ability in all 50 U.S. ‘More Convenient Than Online Exchange Methods’Īccording to Bitpay, the company has issued over 15,000 cards since revealing the bitcoin debit card in May 2016 and has a waiting list of applicants as well. With a growing bitcoin user base and a bitcoin market cap of $36 billion, the Bitpay Card is poised to become a powerful spending tool for bitcoin users around the world. “Today’s news makes the Bitpay Card the first prepaid Visa debit card available for bitcoin users in both the United States and in major bitcoin-using countries such as the UK, Germany, China, Japan, Argentina, and Brazil, along with 125 other nations,” explains Bitpay. The Atlanta-based firm believes the improved accessibility of the Bitpay card will enable global citizens the ability to utilize the tool with their digital currency savings. residents but due to the expansion users worldwide can now convert bitcoin into spendable euros, pounds, and many other fiat currencies.Īlso read: Is It Too Late for Barry Silbert’s Scaling Compromise Proposal? Bitpay’s Bitcoin Visa Debit Card Goes Global Bitpay’s chief commercial officer Sonny Singh.īitpay’s recent announcement will mark the company’s pre-paid Visa card as the first cryptocurrency tethered debit card that’s available to over 130 countries worldwide. Initially, the card was only available for U.S. It is accepted in 50 US territories and you can fund your card using crypto deposits, direct debit or ACH bank transfers.
“The BitPay app represents an important part of our continued work as a bitcoin payments leader.On May 22, Bitpay’s chief commercial officer, Sonny Singh, revealed its prepaid bitcoin debit card product will now be available in 131 countries. As it’s a Visa card, you can use it practically anywhere.
“This app allows us to innovate within the bitcoin payment experience and bring new users and companies into the bitcoin ecosystem,” said Stephen Pair, BitPay CEO. An onboarding flow and user education make secure storage of bitcoin accessible to bitcoin beginners.
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BitPay app users, however, keep full control of their funds at all times with multi-device authentication, device-based private keys and simple fund backup flows.
Most services offering such features require users to store bitcoin in company-managed accounts that are vulnerable to security breaches. These integrations offer bitcoin users a way to bridge their traditional and digital finances without leaving BitPay.Īlso read: BitPay launches bitcoin debit card valid in all 50 U.S. The BitPay app provides such an opportunity without compromising security or usability.īitPay app users can convert bitcoin into dollars using the BitPay Visa Prepaid Debit Card and buy or sell bitcoin on exchanges. Non-technical users have often been locked out of practical ways to use bitcoin. Security and ease of use have rarely been combined in bitcoin’s early applications. It also offers a store of value or portfolio asset. Bitcoin provides a fast and secure way to transfer funds worldwide. The app marries BitPay’s experience in merchant payments with its tools for consumer bitcoin payments, providing new possibilities for bitcoin adoption and use.Ĭonsumers and merchants worldwide have turned to bitcoin as an internet-friendly alternative to credit cards. Bitcoin payment processor BitPay has released a wallet app for storing and spending bitcoin.
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