2012- 08-22 - CNET: Bitcoin-based credit card reportedly due in two months

[btcinstant]

Up on CNET also:

http://news.cnet.com/8301-1023_3-57497014-93/bitcoin-based-credit-card-reportedly-due-in-two-months/

[1714949342]

1714949342

[1714949342]

1714949342

[RaTTuS]

http://news.slashdot.org/story/12/08/22/1222258/mastercard-denies-plans-for-bitcoin-credit-card

[Technomage]

http://news.slashdot.org/story/12/08/22/1222258/mastercard-denies-plans-for-bitcoin-credit-card

http://www.reddit.com/r/Bitcoin/comments/ymvtm/mastercard_denies_plans_for_bitcoin_credit_card/

[Yankee (BitInstant)]

http://news.slashdot.org/story/12/08/22/1222258/mastercard-denies-plans-for-bitcoin-credit-card

http://www.reddit.com/r/Bitcoin/comments/ymvtm/mastercard_denies_plans_for_bitcoin_credit_card/

Official response: http://blog.bitinstant.com/blog/2012/8/22/public-statement-regarding-the-bitinstant-paycard.html

[thezerg]

Seems very interesting!

But it sounds like the balance is not held in BTC which is not optimal.  If the conversion happened upon demand the card holder could keep his/her "checking" account in bitcoin.  However, if you guys are true to your namesake and the card can be instantly "loaded" then its not too bad, the card holder could just estimate the cost of groceries et al and load the card just prior to checkout from a phone wallet.

[Technomage]

Indeed, knowing how much money is in your prepaid debit card is much more inconvenient when there is no BTC balance. If there was a BTC balance, it would be very easy to check how much money there is, without any 3rd party service. That is a slight disappointment but I can live with it.