Bitcoin is a popular service - this much is known - but it is one that is not used very commonly in the United States. It certainly can be utilized and while it is a means of digital money being distributed amongst various parties, I would like to think that existing options like PayPal are far more commonplace. With that said, did you know that there a bitcoin debit option will rise to the surface? It is a story that more than deserves coverage by Bobby Jain.
For those who do not know, Xapo is a company that offers online bitcoin wallets. An article on Wired said that Xapo is about to expand its reach by introducing the first debit card that would allow users to spend their bitcoins like actual currency. It is important to keep in mind, though, that this feature is only limited to locations that except MasterCard and Visa. If you did not believe that the age of digital money was upon us before, it is likely that you will see it that way now.
In the future, any bitcoin user will have the option of linking the account that they have to a debit card option. From what I have seen, this idea presents both a greater ease of use as well as a cutback on the limits that have been in terms of eligible locations. Bitcoin distribution definitely has an audience and Xapo has the clear goal of making transactions with this type of currency as accessible as possible. As a side note, did you know that Xapo is backed by $20 million in VC funding?
The article made mention of the fact that every bitcoin customer, if they take up this option, will have only one debit card that can be used with as few restrictions as possible. To say that this is a positive nugget of news would be an understatement, which is a point that Bobby Jain could agree with. If you'd like to know specifics, the number on the credit card can check into Xapo in order to verify that sufficient funds are available. Names along the lines of Jain will attest to the fact that this concept is, on paper, quite sophisticated.
As time goes on, I am sure that the audience for bitcoins will grow with this particular set in place. One of the main concerns that people may have, as far as finance is concerned, is the idea of flexibility. From what I have seen, a bitcoin debit card entails a greater level of use. From this idea alone, I have no reason to believe that Xapo's idea will not only be able to gain traction but prove to be an effective concept in the long term.
For those who do not know, Xapo is a company that offers online bitcoin wallets. An article on Wired said that Xapo is about to expand its reach by introducing the first debit card that would allow users to spend their bitcoins like actual currency. It is important to keep in mind, though, that this feature is only limited to locations that except MasterCard and Visa. If you did not believe that the age of digital money was upon us before, it is likely that you will see it that way now.
In the future, any bitcoin user will have the option of linking the account that they have to a debit card option. From what I have seen, this idea presents both a greater ease of use as well as a cutback on the limits that have been in terms of eligible locations. Bitcoin distribution definitely has an audience and Xapo has the clear goal of making transactions with this type of currency as accessible as possible. As a side note, did you know that Xapo is backed by $20 million in VC funding?
The article made mention of the fact that every bitcoin customer, if they take up this option, will have only one debit card that can be used with as few restrictions as possible. To say that this is a positive nugget of news would be an understatement, which is a point that Bobby Jain could agree with. If you'd like to know specifics, the number on the credit card can check into Xapo in order to verify that sufficient funds are available. Names along the lines of Jain will attest to the fact that this concept is, on paper, quite sophisticated.
As time goes on, I am sure that the audience for bitcoins will grow with this particular set in place. One of the main concerns that people may have, as far as finance is concerned, is the idea of flexibility. From what I have seen, a bitcoin debit card entails a greater level of use. From this idea alone, I have no reason to believe that Xapo's idea will not only be able to gain traction but prove to be an effective concept in the long term.
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Get in touch with Bob Jain if you would care for help about your finances.. This article, Bitcoin: Can Bobby Jain Cover The Upcoming Debit Option? is available for free reprint.
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