22 Aug '12, 11am

MasterCard Denies Plans For BitCoin Credit Card

Payment processing company MasterCard has denied that it is working with BitInstant to create an officially certified BitCoin debit card. This follows a report that claimed the virtual currency exchange could release a BitCoin debit card as early as October. UPDATE: We have been contacted by BitInstant co-founder Charlie Shrem, who has confirmed that the launch of the card is still on track. You can read more details here . Cardless BitCoins, or BTC, make up a decentralised virtual cryptocurrency commonly used online by people interested in keeping their transactions secret. It is not tied to any real money, but traded on various electronic exchanges to establish its price. On Tuesday, TechWeekEurope reported on an attempt by BitInstant to create the world’s first BitcCoin debit card. According to the company co-founder Charlie Shrem, the card would function as a standard ...

Full article: http://www.techweekeurope.co.uk/news/no-bitcoin-credit-ca...

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Mastercard Denies Plans For BitCoin Credit Card

news.slashdot.org 22 Aug '12, 12pm

A worldwide, multi-billion dollar company doesn't want to help promote a new competitor that undercuts their price and the...

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theverge.com 22 Aug '12, 2pm

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BitInstant employees Erik Voorhees, Charlie Shrem and Ira Miller are building real-world links for the Bitcoin virtual cur...

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money.cnn.com 22 Aug '12, 10am

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money.cnn.com 22 Aug '12, 10am

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bgr.com 22 Aug '12, 3am

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