Finally, Bitcoin on a Debit Card
It seems like the American Dollar is riding high at the moment. Unemployment is at an all-time low and interest rates are almost non-existent. Nothing lasts forever.
Some people prefer to use an alternate form of currency. While many argue that Bitcoin is volatile, it can be a great alternative to government-backed currency. As amazing as Bitcoin is, bit can be a pain to access. Enter “Shift”.
Coinbase started offering a debit card Friday to access bitcoin. It is the very first bitcoin-based debit card issued in the US and it’s backed by VISA.
It will now be possible to use Bitcoin at brick and mortar stores across the US. Online shopping as well.
To sign up, head on over to their website. They charge a 10 dollar fee to get started.
The card is only available in 24 states. Currently there is also a transaction limit of up to $1000 per day. Cash withdraw limit of 500 along with your standard ATM fees.
Since Shift is mainstream, it may not be a good choice for privacy advocates.
Please leave a comment below and let me know what you think of this new development.