21 Aug '12, 5am

BitInstant reportedly launching BitCoin credit card within two months

BitInstant is reportedly set to launch an international debit/credit card based on the BitCoin virtual currency. That's according to Coding In My Sleep , which has published the transcript of an online chat in which BitInstant co-founder Charlie Shrem allegedly confirmed that the company is in the final stages of developing the card, which would launch within the next six to eight weeks. Shrem also posted a mockup of the BitCoin card, embedded above. According to Shrem, the card will operate as an international MasterCard, and will be issued by two unnamed banks (one domestic, one international) with which BitInstant has partnered. The first 1,000 cards will reportedly be given away for free, with the rest priced at around $10. Users would be able to add funds to their cards at a one percent fee, with ATM withdrawal charges set at $1.50. (Shrem said BitInstant was able to ...

Full article: http://www.theverge.com/2012/8/21/3257144/bitinstant-bitc...

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