wordpress blog stats
Connect with us

Hi, what are you looking for?

Coinbase launches bitcoin debit card in the US

Our Digital Payments coverage is brought you by Chillr: India’s 1st multi-Bank instant mobile payment app enabling fund transfers to anyone in your phonebook. Coinbase, a Silicon Valley startup that operates digital bitcoin wallets, has launched a bitcoin based debit card called the Shift Card in the US, reports Wired. The company mentions that the card is approved for use in all states in the US, although it's currently available only in California as a part of a beta launch. The new card is available to anyone with a Coinbase account, although the company is accepting only the first 1000 users. Users need to verify their identity and pay a $10 insurance fee to sign up. Post this, the card can be used to pay when buying from merchants based in the US, without paying a transactional fee. However, for international transactions and ATM withdrawals, users will be required to pay a small fee. How it works: Coinbase has partnered with Shift Payments for the card. Shift essentially users the Coinbase connect API to get access to a user account to carry out the transaction. Coinbase mentions that it might charge a fee to Shift for the conversion of bitcoin in the future, which seems to imply that Coinbase converts the crypto currency to USD, which is then transferred to Shift. Note that Shift has a tie up with Visa, which allows it to carry out secure transactions in bank currency, which is required as the end transaction is carried out in USD. As…

Please subscribe/login to read the full story.
Written By

Free Reads

News

The Commission received complaints against ULLU by the group ‘Gems of Bollywood’,  for sharing “extremely obscene and objectionable content secretively to its subscribers, including...

News

This case highlights a curious intersection of copyright and critique in the digital content world.

News

Google will also provide news organizations and fact checkers with essential training in advanced fact-checking methodologies, deepfake detection, and Google tools like the Fact...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ