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The Bitcoin debit card looks set to inject some serious convenience into transacting with digital currency.
One of the hottest tools to mainstream Bitcoin adoption is slowly being rolled out across the international consumer market: the Bitcoin debit card looks set to inject some serious convenience into transacting with digital currency. As promised, and fresh off of the release of the ANX debit card, CoinTelegraph is here to bring you a review of all the major BTC debit cards available on the market right now.
Making international payments with fiat debit cards has never been cheap. Banks have been routinely slammed for their unscrupulous fees, which include high rates of commission, poor exchange rates and other hidden charges.
In recent years, private firms have sought to corner the market by offering prepaid debit cards which can be loaded with fiat currency and spent like a bank-issued debit card. Aside from offering protection against serious unauthorized use, these prepaid cards often attract considerably lower charges, but remain somewhat costly to use on a daily basis.
Now, the introduction of Bitcoin functionality to the market unleashes the potential for international transactions to become infinitely more flexible and affordable.
The Bitcoin debit card market is only just setting off, but already several providers are on the cusp of releasing them, with one already shipping its first shipment. Competition is fierce, and CoinTelegraph would like to present a review of the current offerings to help readers thinking of trying the technology make an informed decision.
At the time of writing, there are three providers of debit cards which are available internationally without geographical limits on residency or spending. As such, these will form the main offerings under review, with several other providers listed separately in another comparison. Cards will be given marks to facilitate easy understanding of our findings; see below for more information.
Wallet and cold storage provider Xapo is currently taking pre-orders for its international Bitcoin debit card, which is expected to be initially released this month.
More information can be found here.
Security and support
More information can be found in the FAQ section of ANX’s website.
There are other debit cards available, albeit subject to more limited use than those discussed above.
The exchange is looking to begin offering international debit cards in the near future and is currently in the process of finalizing details. Official details have yet to be released, but more information can be found from the community here in the meantime.
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