MasterCard denies BitCoin card rumors, BitInstant says it's still on track

MasterCard denies BitCoin card rumors, BitInstant says it's still on track -- Engadget

engadget.com 22 Aug '12, 11pm

MasterCard denies BitCoin card rumors, BitInstant says it's still on track

Well, BitInstant is insistent that it will launch a BitCoin debit card , but MasterCard is claiming it will not be part of the plans. After a mock up of the plastic made the rounds featuring the company's logo, the financial powerhouse felt it necessary to reach out to us, clarifying its non-involvement. "MasterCard has no relationship with BitInstant. There are issuers who allow the conversion of Bitcoins to US dollars and other currencies, delivered on prepaid cards. However, we're not aware of this particular programme from BitInstant." Of course, if you read the transcript of Charlie Shrem's chat announcing the plans, he never actually names MasterCard. The logo was likely meant as a placeholder -- one that some outlets took a little too literally. Interestingly, this doesn't actually mean that MasterCard won't be involved... just that the company isn't at this point i...

Full article: http://www.engadget.com/2012/08/22/mastercard-denies-bitc...

Tweets

@aksru » 26 Aug '12, 11am
#BitInstant launching a #BitCoin debit card soon? [link]
@Bill_Braine » 24 Aug '12, 2pm
Possible MasterCard Bitcoin prepaid card in the works, or not. Interesting to see if a program comes to market. [link]
@HostelVegan » 24 Aug '12, 11am
MasterCard denies BitCoin card rumors, BitInstant says it's still on track: "MasterCard has no relationship with... [link]
@BitcoinByte » 24 Aug '12, 12am
RT @MarcHochstein: Why I love comment threads: "BitInstant isn't a bank, I wouldn't expect 'em to be dealing directly with $MA." Exactly. [link]
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MasterCard denies BitCoin card rumors, BitInstant says it's still on track: The logo was likely meant as a place... [link]
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BitCoin backed Debit Card? BitInstant says it's still on track - woot! [link]
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