Debit Card that Allows Paying in Bitcoins Is Now Available!

It is no secret that a virtual currency called Bitcoin in a very short period of time became so popular that over-passed the boundaries of the term “e-money.” Only six years passed since the cryptocurrency had entered the circulation.  In this period it has succeeded to secure a niche among leading payment systems as evidenced by the following indicators:

1) the cryptocurrency has its own dynamic exchange rate (with increase and fall in exchange);

2) millions of users worldwide (individuals and businesses that operate as both sellers and customers), on-going expansion of user-base;

3) ease of depositing e-money into your own account or accounts of other users;

4) fast speed of processing transactions and crediting of monetary resources to an account;

5) fees and commission free trade settlement.

Such a mechanism ensures easy management of funds from a virtual account regardless of a location of a Bitcoin user.
These “bit coins” can be exchanged for goods and services under the following conditions:
- a customer has an opportunity to connect to the Internet;
- a specific vendor accepts Bitcoins as an instrument of payment and has a virtual account where funds should be deposited into. Moreover, in almost all countries there are special terminals for cashing out Bitcoins.

Thus, cryptocurrency holders have all the advantages of ordinary payment systems. Moreover, they can benefit from Bitcoin system’s advantages: anonymity of all transactions, lack of state supervision and ‘no fees and commissions’ policy.

Bitcoin users were missing a single thing – an ordinary plastic card that allows paying goods and services in the cryptocurrency. It would allow Bitcoin payments without dependence on Internet connection. However, at this point the problem is solved! An ordinary debit card (VISA) was issued by Coinbase (Bitcoin exchange). Founders of the Coinbase exchange claimed that issue of a card was expected and predicted as of late the number of transactions with cryptocurrency has significantly increased. Now it is safe to say that no one electronic payment system offers as many advantages as Bitcoin system.

Issue of a Bitcoin debit card can be called as one of the major events and one more proof of the cryptocurrency being a reliable and secure instrument of payment and a safe investment medium. Undoubtedly, we all remember how in 2013 many people earned a fortune due to a drastic change in a Bitcoin exchange rate.
During last couple of years Bitcoin exchange rate was falling, however, we witnessed an upsurge in interest to the cryptocurrency. Financial analysts predict significant growth in appreciation of Bitcoin, and issue of a debit Bitcoin card contributed to further promotion of the cryptocurrency.