BitPay is expanding its prepaid bitcoin card offerings to more than 100 new countries.
Unveiled today by BitPay chief commercial officer Sonny Singh at Consensus 2017, the Visa-branded offering enables users to top up BitPay Cards with dollars using cryptocurrency, which can then be spent as euros, British pounds or US dollars at merchants around the globe.
“This will be the first prepaid debit card that will be available in 131 countries,” BitPay CEO Stephen Pair said in interview.
As such, the announcements marks perhaps the boldest execution on an idea that has been pursued by bitcoin-focused startups since 2014. But while early attempts at executing on the idea were met with setbacks, Pair said its partnership with Visa would ease issues.
“This is about as broad as you can go with bitcoin cards. It’s really putting the card out into a far-reaching population.”
So far, BitPay reports that 15,000 cards from its domestic product, unveiled last year at Consensus 2016, have been ordered. Further, the startup reported that it has seen growing demand for an international version of the offering since last year.
“We have a waiting list of over 20,000 people who have asked,” BitPay marketing and communications manager James Walpole told CoinDesk. “This provides
Read more ... source: CoinDesk
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