Bitcoin Debit Card, very unique start-up, has started an online service that quickly changes bitcoins into dollars by loading them onto a card that could be used at ATMs. The card will function as a prepaid debit card and can be issued to any body without any identity verification. Exkash Bitcoin Debit card is accepted by many different outlets around the world. This includes the popular Discover card network in America.
Co-founder of the projects believes that card holders will be able to use the card in about 90% of the world’s ATMs and merchant outlets. This will allow Bitcoin users the convenience to exchange their bitcoins for cash easily. This project is to be launched today at a conference in New York called “Inside Bitcoins”. The card is an attempt to solve bitcoin’s “gateway” issue.
Bitcoin is the fastest way to transmit money but it is currently really prohibitive on where you can spend it and where you can turn it back into money for everyday use. Exkash Bitcoin Debit card allows people to have greater convertibility of their bitcoin holdings.
Additionally, Exkash team believes that their card will allow Bitcoin users more ease of access and options to use the virtual currency.
In order to comply with all the necessary rules and regulations, customers of Exkash will have to apply this card as soon as possible. In addition to that, in America, Exkash Card will likely not impose limits on the daily spendable amount. Exkash Bitcoin Debit Card also charges no fees for making or sending the card. However, the company will profit by charging the exchange rate above the cost of dollars it purchases on Bitcoin exchanges. Hence, rates will be better for those who make bigger purchases.
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