Bitcoin startup Xapo has unveiled plans for a debit card that lets users pay with the crypto-currency wherever plastic is accepted.
"Banana" card anyone?.. Buy virtual bananas value of which is linked to a fiat currency of your choice, pay with fiat currency, get bananas debited on the account level. What's the big deal there?..
Cheer up, anonymous.
This is GREAT!
It validates our DebitCOIN startup that ATLcombinators is accelerating in Atlanta and announced on LinkedIn in Jan 2014.
The BIN on the card image used is a Maestro BIN from Australia.
Will be interesting to see what the real deal is, especially given MasterCard's comments.
Does MasterCard's comment, "There is no card program currently available.", refer solely to bitcoin related transactions???
The headline is a bit misleading. "Xapo launches" is rather different from "Xapo has plans for...."
This coincides with MasterCard going for Lobbying with major part of compliance issues be drafted in application.
It will be interesting to see how MasterCard will bring up such card program with volatile currency as base...yes it's going to become banana card !!!
to £100K base, double OTELondon, UK
© Finextra Research 2016