Bitcoin ATM maker Diamond Circle has announced it will launch a
bitcoin debit card this week at the Bitcoin 2014 Conference in
Amsterdam, in conjunction with its UK distributor Swiftbitz.
Diamond Circle claims the card will only work with its own two-way, cashless bitcoin ATM, its forthcoming merchant point-of-sale (POS) solution and via its online exchange.
This is a contrast to other bitcoin debit cards tied
to established card payment networks like UnionPay, which can be
accepted in a majority of outlets without the merchant possessing any
bitcoin-specific technology.
The debit cards utilize contactless
near-field communication (NFC) technology and will be issued via Diamond
Circle’s ATM operators, retail merchants, independent distributors and
on the company’s website.
Furthermore, the cards will be linked to the user’s wallet and may hold up to nine fiat currencies as well as bitcoin.
The
bitcoin exchange rate incurred with transactions will be based on
prevailing market rates at the time of use, the company says.
Closed ecosystem
Diamond Circle,
which based in Australia, is currently developing a range of devices
that promote easy access and secure storage for bitcoin users. This
includes the ATM machines mentioned previously, POS card/wallet readers
for merchants, and a variety of bitcoin hardware wallets in the form of
NFC discs and cellphone ‘stickers’.
source : here
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