djamal-soft
الأربعاء، 30 أبريل 2014
It's clear that Bitcoin has a tremendous amount of popularity behind it but does this necessarily speak true to its user base? It's worth keeping in mind that there are various ways in which digital money can be distributed from one transaction to the next. PayPal is one great example of this. However, it appears as though the age of digital money is going to be changed further, as an upcoming debit option will, more likely than not, garner the attention of various names in finance, Bobby Jain included.
The bitcoin wallet company known as Xapo looks to be at the forefront of this concept. Wired put forth an article that talked about how bitcoin customers will be able to utilize this unique type of currency, putting it forth in order to be used at a number of stores. Keep in mind that, as of now, this option will only work in areas that take MasterCard and Visa. While this might seem limiting on the surface, the mere idea of this option indicates a shift in the way that digital money is given and received.
The idea of linking one's bitcoin account to an actual card to swipe is brilliant, to say the least, and will certainly go over well with various customers. After all, you do not want to be limited as far as places to spend money are concerned. What Xapo is looking to do, from my perspective, is bring the idea of bitcoins to another level and it definitely seems as though this will be the case in the future. Given the fact that Xapo has $20 million in VC funding, expectations are undoubtedly high.
According to the article, users will have only one card to use for bitcoin distribution without any restrictions in place. This is yet another positive piece of news, as I am sure Bobby Jain will be able to attest to. The way that the card will work is that the credit card number will check in with Xapo in order to see if sufficient funds are available to finalize every purchase. It's a sophisticated system that can be seen in the long run, as names like Jain will attest to.
As time goes on, I am sure that the audience for bitcoins will grow with this particular set in place. One of the main concerns that people may have, as far as finance is concerned, is the idea of flexibility. From what I have seen, a bitcoin debit card entails a greater level of use. From this idea alone, I have no reason to believe that Xapo's idea will not only be able to gain traction but prove to be an effective concept in the long term.
The bitcoin wallet company known as Xapo looks to be at the forefront of this concept. Wired put forth an article that talked about how bitcoin customers will be able to utilize this unique type of currency, putting it forth in order to be used at a number of stores. Keep in mind that, as of now, this option will only work in areas that take MasterCard and Visa. While this might seem limiting on the surface, the mere idea of this option indicates a shift in the way that digital money is given and received.
The idea of linking one's bitcoin account to an actual card to swipe is brilliant, to say the least, and will certainly go over well with various customers. After all, you do not want to be limited as far as places to spend money are concerned. What Xapo is looking to do, from my perspective, is bring the idea of bitcoins to another level and it definitely seems as though this will be the case in the future. Given the fact that Xapo has $20 million in VC funding, expectations are undoubtedly high.
According to the article, users will have only one card to use for bitcoin distribution without any restrictions in place. This is yet another positive piece of news, as I am sure Bobby Jain will be able to attest to. The way that the card will work is that the credit card number will check in with Xapo in order to see if sufficient funds are available to finalize every purchase. It's a sophisticated system that can be seen in the long run, as names like Jain will attest to.
As time goes on, I am sure that the audience for bitcoins will grow with this particular set in place. One of the main concerns that people may have, as far as finance is concerned, is the idea of flexibility. From what I have seen, a bitcoin debit card entails a greater level of use. From this idea alone, I have no reason to believe that Xapo's idea will not only be able to gain traction but prove to be an effective concept in the long term.
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