Xapo has unveiled the first ever credit card that will be directly linked to your bitcoin wallet.
The card, which can be seen above, will allow users to pay for items using their Xapo bitcoin wallet. Xapo previously launched a bitcoin “vault” that allowed investors to hold their BTC in a secure and insured repository. Now the Xapo credit card will allow users to oay for money using BTC in their vaults with the newly launched credit card.
A post on Xapo’s blog reads: “In the spirit of bringing bitcoin to the masses, we are proud to announce the Xapo Debit Card – the first bitcoin debit card that allows users to spend bitcoins just like cash all over the world, right from their Xapo Wallet.
“Xapo Debit functions like a traditional debit card and is a big step forward in the development of the bitcoin infrastructure – for the first time, customers have the ability to use bitcoin at any online or offline merchant that accepts debit or credit cards. This makes it easy for users to pay with bitcoins in real-time and makes it seamless for merchants to accept payment. After a customer makes a payment using bitcoin, the merchant will receive the funds in their local currency.”
Founder & CEO of Xapo Wences Casares said of the card: “Most of our customers keep 90% of their bitcoin in our vault and 10% in their wallet. The addition of card access to these wallets will allow that 10 percent to be instantly transferred to cash.”
Users can sign up to receive the Xapo card here, alternatively, you can jump off a cliff here.
