Bitcoin wallet Xapo announces a global MasterCard debit card

[BIT-Sharon]

"Xapo today announced the upcoming release of a MasterCard debit card that ties into its Bitcoin wallet product.

Orders for the card start today and should begin shipping in about two months. Customers can order a free digital debit card for online purchases, but physical cards come with a small fee ($15).

The debit card will offer the same functionality as your usual bank card, but Xapo will process transactions in realtime to take the money out of your Bitcoin wallet. Currency conversions will use the Bitstamp rate.

Xapo offers two storage products for your Bitcoins: a wallet and a vault. The vault stores your currency in offline cold storage and is fully insured."
how many dealers will accept this kind of card?

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[crazyivan]

"Xapo today announced the upcoming release of a MasterCard debit card that ties into its Bitcoin wallet product.

Orders for the card start today and should begin shipping in about two months. Customers can order a free digital debit card for online purchases, but physical cards come with a small fee ($15).

The debit card will offer the same functionality as your usual bank card, but Xapo will process transactions in realtime to take the money out of your Bitcoin wallet. Currency conversions will use the Bitstamp rate.

Xapo offers two storage products for your Bitcoins: a wallet and a vault. The vault stores your currency in offline cold storage and is fully insured."
how many dealers will accept this kind of card?

This seems to be very nice but current XAPO fees are much higher compared to other providers. For example, they have that monthly fee which you have to pay regardless if you use your card or not. None of other BTC card providers charges that.

I really hope they ll give up on that practice.

[Kyraishi]

"Xapo today announced the upcoming release of a MasterCard debit card that ties into its Bitcoin wallet product.

Orders for the card start today and should begin shipping in about two months. Customers can order a free digital debit card for online purchases, but physical cards come with a small fee ($15).

The debit card will offer the same functionality as your usual bank card, but Xapo will process transactions in realtime to take the money out of your Bitcoin wallet. Currency conversions will use the Bitstamp rate.

Xapo offers two storage products for your Bitcoins: a wallet and a vault. The vault stores your currency in offline cold storage and is fully insured."
how many dealers will accept this kind of card?

Dealers wouldn't really care what card you use so long as they get their money.
Being a Bitcoin debit card means jack shit to them.
They get paid in fiat in their bank account.

But to the point, it is nice to see progress in the Bitcoin world.

[HostFat]

This is a very old news, and cards are visa.

This seems to be very nice but current XAPO fees are much higher compared to other providers. For example, they have that monthly fee which you have to pay regardless if you use your card or not. None of other BTC card providers charges that.

False.

https://support.xapo.com/95219-What-fees-are-associated-with-the-Xapo-Debit-Card

Please note that while a "Monthly Service Fee" is listed it will not be charged to the user. This fee will be covered by Xapo. It is not our intent to charge monthly fees or fees for everyday spending.