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Author Topic: 2014-09-18 News.com.au - Debit card brings bitcoin to back pocket  (Read 879 times)
Foxpup
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September 18, 2014, 03:40:02 AM
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news.com.au/national/breaking-news/debit-card-brings-bitcoin-to-back-pocket/story-e6frfku9-1227062621663

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Bitcoin is creeping from our computers to our back pockets.

A Melbourne company unveiled on Thursday the country's first bitcoin debit card, which will allow users to spend the digital currency at ATMs and eftpos terminals.

Users can pre-load the card with bitcoin, which is converted to Australian dollars.

The company will exchange bitcoin at a rate based on the day's global aggregate. At present, that's about $500 a bitcoin.

The chief executive of bitcoin exchange CoinJar, Asher Tan, said the Swipe card was designed to demystify the currency.

"We simply wanted to make it easier for our customers to spend their bitcoin," he said.

The currency, which was invented in 2009, is still viewed by many as the preserve of technologists and the digital elite.

Will pretend to do unverifiable things (while actually eating an enchilada-style burrito) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4
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September 18, 2014, 04:17:19 AM
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Love the idea of people having acess to Bitcoin and being able to get fiat with relative ease.  I do wonder about camera's on the ATM and just general security involving these cards.  I'll be keeping an eye on this service.  Many thank for the good news Foxpup.  Wink
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September 18, 2014, 06:01:33 PM
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I'd rather spend my coins directly but these cards are great for adoption and for places that don't or wont accept btc directly.

Love the idea of people having acess to Bitcoin and being able to get fiat with relative ease.  I do wonder about camera's on the ATM and just general security involving these cards.  I'll be keeping an eye on this service.  Many thank for the good news Foxpup.  Wink

Security will always be a problem but the security technology is always evolving and maybe biometrics will get past fraud this way.

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