The E-Coin Bitcoin Debit Card Accepts Payments Like a Credit Card
Laura McQuarrie — November 6, 2015 — Tech
References: bnktothefuture & cryptocoinsnews
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.
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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