BitPay’s new Visa card turns Bitcoin into dollars for easy real-world spending
BitPay has announced that it is launching the BitPay Visa Card which will be available to consumers in all 50 US states. The move will give Bitcoin holders the ability to go into any shop and buy products using their Bitcoins.
The card allows for zero-fee top-ups of up to $10,000 per day in spendable funds, additionally, you can receive direct payments to the card from your employer. Withdrawing money from the BitPay Visa Card is simple too, card holders can withdraw up to $3,000 in cash per day from any ATM machine which accepts Visa cards.
Bitpay said of the launch:
Since we partnered with Visa to launch this product, BitPay Card users can make purchases from any online or brick and mortar merchant that accepts Visa debit or credit cards worldwide. That includes the millions of merchants who use PayPal to accept payments
The card costs $9.95, payable in Bitcoin, it will then arrive within 7-10 business days. After it has arrived, the cardholder is required to call a 1-800 number that is printed on a sticker on the front of the card, this process activates the card. Once activated, the cardholder is free to load the card from any Bitcoin wallet or via a direct deposit through their employer; and spend or withdraw the money in dollars.