Bitcoin payments firm BitPay unveiled a new bitcoin debit card during a demo session at Consensus 2016, CoinDesk’s ongoing two-day blockchain conference in New York.

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BitPay Unveils Bitcoin Debit Card Available in All 50 States
Bitcoin payments firm BitPay unveiled a new bitcoin debit card during a demo session at Consensus 2016,
CoinDesk’s ongoing two-day blockchain conference in New York.
The debit card, issued by Metropolitan Commercial Bank and now available in all 50 states, enables users the ability
to load bitcoin, make payments at Visa point-of-sale (POS) systems and withdraw cash at Visa ATMs.
In his remarks, Pair stressed the value he expects the product to provide to the wider bitcoin ecosystem.
BitPay CEO Stephen Pair told the crowd:
“We believe that if you can use bitcoin in more ways it makes bitcoin more valuable.”
Throughout his speech, Pair provided overviews of existing BitPay products for business-to-business and consumer
payments, seeking to stress that his startup is growing, despite perceptions that bitcoin use is declining.
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2. Users can now order bitcoin debit cards for $9.95 to receive the product within seven to 10 business days. From
there, users can load funds onto the card via their bitcoin wallet or a direct deposit through any direct deposit
provider.
As for the fees attached to the card, long a source of frustration for bitcoin users when interfacing with bitcoin debit
card products, Pair said fees would be attached to certain actions.
“There’s a fee to start the card and for accessing an ATM. We intentionally wanted to make loading bitcoin free of
charge,” he said.
The announcement was one of a few during the day’s events to focus on bitcoin, with major blockchain
announcements from CME Group and Amazon Web Serivces. Together, the news hinted at broader institutional
support for digital currency amid what has been a heavy hype cycle for institutional use cases of private and
permissioned blockchains.
Re-posted from www.coindesk.com by Pete Rizzo May 2, 2016
For information about starting your very own home based Bitcoin business click here.
Correction: A previous version of this article indicated that the card could only loaded by employers through
BitPay’s Payroll API.
Images via Pete Rizzo for CoinDesk
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