24 Aug '12, 3am

BitCoin, the digital currency not tied to any government’s economy, is launching a debit card

BitCoin, the digital currency not tied to any government’s economy, is launching a debit card

Hate centralized banking institutions? Ever wanted to pay for your morning latte with a debit card that uses a digital currency not tied to any government? You might be in luck soon. BitInstant, a transfer service for a digital currency known as BitCoins, said it is in talks with MasterCard to release a debit card that, theoretically at least, would enable you to pay for goods and services at a wide variety of retailers. BitCoins are essentially a decentralized digital currency and payment system created in 2009 and designed for instant, surcharge-free transactions. Each BitCoin is an encrypted byte of data representing a denomination of value. BitInstant is a service that helps BitCoin users make transfers, and is one of the biggest players in this open-source digital marketplace. BitCoin’s greatest advantages are the ability to store funds in a currency that can’t be dev...

Full article: http://www.thedaily.com/article/2012/08/23/082312-tech-ne...

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