E-Coin is a Bitcoin debit card that's been developed to bridge the gap between cryptocurrency and fiat money. Quite early on in a crowdfunding campaign, more than $63,000 has been raised online in support of the card.
The virtual debit card is intended to work in the same way as a physical card, permitting its user to load funds, withdraw money and most of all, make purchases online anywhere major credit cards are accepted. In addition to this, E-Coin makes it possible for users to spend Bitcoins on websites that do not accept them as payment, and it can also be used through third-party services like Apple Pay and PayPal.
Like credit and debit cards, the E-Coin does limit withdrawal and spending amounts, but these can be increased when a user provides documents for verification. As it stands, there are about 10,000 Bitcoin debit cards already in use.
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