What I don't get is why do you have to buy the card? WTF?
Since when do you have to buy your debit card from your bank?
That's retarded.
Your bank makes money on you other ways, so giving you the card for free is fine if they lose $10 on that, but make it back on fees.
We will likely do the same thing, if you buy a card with a $1000 topup, then the card is free, ect. (not confirmed)
Anywhere with Canadian support?
I would love to be able to fund prepaid credit with bitcoin
Yes, this card with have Canadian support: Sign up here:
http://goo.gl/vl3nXI live in the UK, will I be able to get my mitts on one of these bad puppys?
Of course! Sign up here:
http://goo.gl/vl3nXI really hope they do figure out how to keep the balance in BTC and exchange to USD only at the point of sale. Otherwise it really would be just another MasterCard that is rechargeable with Bitcoin, but otherwise just holds USD (albeit I guess with lower fees).
We will!
Yeah a $10 fee for a card that can instantly transfer BTC to USD and allow withdraws from ATMs is nothing. I would pay a lot more.
It's already available for $3 for the card and 0 fees to load it. Bitinstant relies on ignorance as it's business model though, and you are the perfect customer.
Thanks for the kind words.
We are actually using this card to go after the remittance market. By using Bitcoin as the middleman currency, a maid in NY can send this card to her family in Mexico and pay less then 3% in total fees.
This card will be our entryway into the broader consumer market by showing everyone "Hey guys, this is a great advantage of Bitcoin, here is a consumer product that anyone can use" My grandmother who lives across the Atlantic Ocean will see the utility in Bitcoin now.
Regarding your snide comment, BitInstant relies on quality service and premium customer support for our business model.
You just claimed everyone in this forum is ignorant, I think you should apologize to everyone
Thanks
-Charlie