25 Aug '12, 11am

Bitcoin-based credit card coming in October?

Bitcoin, the popular Internet-based digital currency, may be making its debut in the real world in as early as two months' time, a tech site reported. Exchange service BitInstant is working on a Bitcoin-funded card that may work like standard debit/credit card, according to CodingInMySleep.com . "The card will function as a standard debit/credit card and should be accepted anywhere that accepts MasterCard, even internationally," the site said, citing an Internet Relay Chat interview with BitInstant co-founder Charlie Shrem. Shrem, whose firm allows speedy fund transfers between Bitcoin and currencies, said the first 1,000 cards may be given away for free, but subsequent cards will cost about $10. He also said funding the card will cost roughly a 1-percent fee. Each card will bear a QR code on the front and a printed address on the back for funding. Users will have an optio...

Full article: http://www.gmanetwork.com/news/story/271173/scitech/techn...

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