Tag Archives: currency

A Strategy to take Bitcoin to the next Level — and also $1000+

Preamble

I have followed bitcoin since the very start, and I think everyone will agree bitcoin has been a fantastic experiment to date.  A great technical system, a great community and great leadership have contributed to something very special.  ie the de facto currency of the Internet.

Back when bitcoin was around 2 cents, I was the first person to predict that it would go parity with the dollar, and people thought that was crazy.  Within a year that milestone was reached and surpassed.

Prediction

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BitInstant to launch Bitcoin cards

Virtual currency exchange service BitInstant is all set to roll out first officially certified Bitcoin Paycard, in collaboration with MasterCard, which would be a debit card and accepted globally.

According to payment processor, the proposed card would be loaded up with Bitcoins and then withdraw real world currencies, while will work as a standard debit or credit card and will be accepted anywhere that accepts MasterCard.

The card will be fitted with a QR code on the front and a printed address on the back which would be used to load Bitcoins, with BitInstant charging a 1% fee.

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