Bitcoin Debit / Credit CardIncrease Liquidity - Increase Adoption - Increase Value - Maintain SecurityThe world's first widely accepted Bitcoin Debit / Credit Card is nearly here. How?
First - Each Bitcoin Card will be connected to a secure Wallet to enable the user to connect to their Bitcoin Debit Card upon which the balance determines the card limit. Based upon market Bitcoin price, any Debit purchase made will be converted, same as any foreign currency. Maintain Security & Increase Liquidity.
Second - First in history pure Credit purchases on the same card can be made when transaction is run on Credit instead of Debit. At the option of the consumer, Credit may be activated with Credit limit based on specific criteria.
Anywhere credit cards are accepted, so will be Bitcoins - liquid & secure (plus potentially any crypto-currency) conveniently and smoothly. Initial Bitcoin Card will be Debit which can still be used anywhere Debit/Credit Cards are accepted. Shortly thereafter, a pure Credit option (month-end bill conveniently paid via Bitcoin) will be available to consumers as well.
Main components:- Physical Bitcoin Debit/Credit Card - used the same as any Visa Debit/Credit Card. Not your traditional plastic - Stainless Steel Card. Each card will have Wallet address and QR code for person to person transactions.
- Bitcoin Wallet - Debit Card limit determined via wallet balance at Bitcoin market. At option of consumer, Credit issuance can be Wallet based.
- Push & Pull API determining card limit.
- Secure Website - Check exchange rate, account balance & transfers.
- Password Protected App - Check exchange rate, account balance & transfers.
While the concept is simple, the mechanics are not. The Bitcoin Card will be based on a private label Visa Debit/Credit Card. As underwriting for such a venture is non-existent, a track record must be established prior to issuance of unsecured credit. At launch, the Bitcoin Card will operate as a pre-load Debit/Credit card. Limit is established via Bitcoins loaded to the wallet based upon exchange rate. Additional proprietary elements such as inner mechanics of the revolutionary wallet, password protected app w/ burn feature, and monetary processing specifics of this venture cannot be discussed until launch. What we can disclose is purchases will need a pool of USD funds to temporarily float as an intermediate of these quick transactions, hence the large start-up capital needed.
What We Need & What You GetFinancial institutions do not like change, even inevitable change. Early adopters will be this change - altering the face of business transactions forever. To issue cards, integrate, and temporarily float Debit/Credit transactions our financial forecasting calls for $200,000 in funds. We seek your support to spearhead success of this venture, which will not go unrewarded to contributors.
Depending on contribution;
- $5 Contributors will receive a vinyl Bitcoin decal to spread awareness.
- $25 Contributors will be the first in history to receive a physical and Limited Edition Bitcoin Debit & Credit Card in the mail.
- $50 Contributors - In addition to Bitcoin Card; will receive a T-shirt and/or additional alternative useful promotional item(s).
- $100 Contributors -In addition to Bitcoin Card and Promotional Items; will receive $1 for $1 their contribution in the form of Bitcoins placed in the user's wallet after establishment at market price within 1 year of launch.
- Private funds will be sought in the event of contribution shortfall.
The ImpactThe implications of a decentralized standard currency are limitless. Less reach and control by others upon your finances increases freedom of every nature. Bitcoin is a revolution in and of itself, however infrastructure is needed at this early stage of its existence. Bitcoin Debit/Credit Card will increase liquidity, adoption and facilitate stability and growth in value. Bitcoin offers the ability to maintain solid presence and backing beyond mere "faith" in printable paper currency - connecting to a Debit/Credit Card offers the desired liquidity.
Bitcoin is revolutionary in and of itself, but still has the caveat of liquidity.
Crypto-currency will be as game changing to business as the dawn of the internet.
Amazon, Paypal, NewEgg, OverStock are just a few of the companies that see the writing on the wall and accept Bitcoin. The missing element is wider acceptance and convenience.
Risks & ChallengesBitcoin is disruptive, therefore feared by established financial institutions as it erodes their control and frankly profit. For this reason, Bitcoin and especially a widely accepted form of Bitcoin payment is a target.
As successful entrepreneurs with business and finance background, we believe we have the necessary professionals with the proper skill-sets to persevere and overcome outside threats.
With start-up experience and part owner of a 400+ employee company, we have the tools necessary to ensure success. Although the integrated technology will be the first of its kind, our trials show proof of concept.
Other Ways You Can HelpSome people just can't contribute, but that doesn't mean they can't help:
- Accepting Bitcoin contributions: 1D87TeM3KqsgNtXeyng1EqY4fCX7dmi8uU
- Ask folks to get the word out and make some noise about the first Bitcoin Debit/Credit Card.
- A simple share with the Indiegogo share tools is a tribute to freedom.
We know this projet will be heavily criticized for various reasons, however the bottom line is anything that furthers Bitcoin prominence for transactions is good. Bitcoin needs additional infrastructure to continue wide adoption. Always easier to criticize than embrace, but we welcome questions. Together we can forever change the face of business transactions.
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