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20 Aug '12, 7am

BitInstant is Taking Bitcoin to the Next Level with Credit and Debit Cards

The Bitcoin currency system is going through an identity crisis right now. The Bitcoin vs. dollar value is not stable, their flagship trading-platform Bitcoinica is under investigation for lax security and there have been two major hacking attempts targeted at the Bitcoin currency system. In the midst of all the chaos, BitInstant, a Bitcoin transfer service has announced its plans for releasing Bitcoin powered debit and credit cards. BitInstant is extremely popular for its speed of fund transfer between Bitcoin exchanges. It can shave hours off the transfer time, but the real prize with BitInstant is the speed with which they realize cash deposits. With BitInstant, you can buy Bitcoins in under an hour. Recently, the co-founder and CEO of BitInstant, Charlie Shrem announced on their IRC channel that they have plans to release Credit Cards and Debit Cards based on the Bitco...

Full article: http://techie-buzz.com/tech-news/bitinstant-bitcoin-credi...

Tweets

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codinginmysleep.com 20 Aug '12, 2am

<bitinstant> We're launching our debit card in a few weeks <bitinstant> Who wants to see a pic ;-) <CodeLion> oh... <nrb-b...

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news.ycombinator.com 20 Aug '12, 3am

Even if I concede the point that Bitcoin is becoming a centralized bank - which I don't - how exactly is it "bad and unrel...

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theverge.com 21 Aug '12, 5am

BitInstant is reportedly set to launch an international debit/credit card based on the BitCoin virtual currency. That's ac...

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So will faster block confirmations be announced in September? Waiting 10-60 mins to buy lunch would suck. <bitinstant> SO ...

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engadget.com 21 Aug '12, 3am

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engadget.com 21 Aug '12, 3am

debit card could be in your very near future thanks to the efforts of trader-backed BitInstant. That fund transfer outfit,...

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techmeme.com 20 Aug '12, 2pm

Samsung CEO Said To Speak With Apple Today About Suit — Samsung Electronics Co. (005930)'s chief executive officer will ta...

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arstechnica.com 21 Aug '12, 8pm

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MasterCard uses multiple market sources (such as Bloomberg, Reuters, Central Banks and others) to develop exchange rates. ...

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news.cnet.com 21 Aug '12, 7am

A mockup of the Bitcoin-funded card. (Credit: BitInstant ) Bitcoin, the peer-to-peer currency that's been gaining in popul...

Bitcoin-based credit card reportedly due in two...

news.cnet.com 21 Aug '12, 7am

A mockup of the Bitcoin-funded card. (Credit: BitInstant ) Bitcoin, the peer-to-peer currency that's been gaining in popul...