Tag Archives: currency
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.
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.