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BitCoin Card To Launch In 2 Months, Says BitInstant

hypnosec writes "Charlie Shrem, co-founder of BitInstant LLC, has confirmed that a BitCoin-funded international debit/credit card should be available very soon. Giving a time frame of 6-8 weeks, Shrem said over an IRC chat session that the card will function like any other credit or debit card, and that it can be used at places where MasterCard is being accepted. Shrem has also said that the initial 1000-odd cards will be given for free and subsequent cards will carry a charge of around $10. Any transaction that is carried out through the card [will incur a] 1% BitCoin transfer fee on top of the $1.50 ATM withdrawal fee."

8 of 216 comments (clear)

  1. Yey! A BT story! by Razgorov+Prikazka · · Score: 4, Funny

    A subsequent RaspberryPi story shouldnt take long now, so strap yourselves in guy's!

    --
    rm -rf --no-preserve-root / ...and let /dev/null sort them out...
    1. Re:Yey! A BT story! by pnot · · Score: 4, Funny

      A subsequent RaspberryPi story shouldnt take long now, so strap yourselves in guy's!

      Business plan:

      1. Mine bitcoins with your Raspberry Pi.
      2. Store the bitcoins on your Raspberry Pi
      3. Use those bitcoins to buy another Raspberry Pi
      4. ?
      5. Profit!

    2. Re:Yey! A BT story! by hierophanta · · Score: 3, Funny

      Step 4 is posting stories about it to Slashdot, leading back your own monetized website where you get Ad revenue. Step 5 certainly follows

  2. Hookers, drug dealers and Russian Mafia rejoice! by Rogerborg · · Score: 3, Funny

    Finally you can trade your services to each other directly in meatspace with the simple swipe of a card.

    --
    If you were blocking sigs, you wouldn't have to read this.
  3. Re:Why? by Anonymous Coward · · Score: 2, Funny

    Because you're not a drug dealer?

  4. Re:Dreading the Day by Gunfighter · · Score: 5, Funny

    Us old folks still remember the day when the speed limit was 2.5989246 × 10^-15 light years per second on the highway. Nowadays, you see people zooming along at 3.78025396 × 10^-15 light years per second in the 3.07145635 × 10^-15 light years per second zone. It's MADNESS!

    Where's my cane?

    --
    -- Stu

    /. ID under 2,000. I feel old now.
  5. Re:Dreading the Day by Anonymous Coward · · Score: 2, Funny

    Why are you obfuscating your numbers like this? You seem to never have heard of SI prefixes! Also, your accuracy is overblown. Say "2.6 femto light years per second" and everyone will understand you.

    Oh, and you'll be fined 2.5 micro bitcoins for driving too fast.

  6. Re:My last virus clenaup involved BitCoin processi by mythosaz · · Score: 4, Funny

    Please send me you untrusted dollars. I'll watch over them for you.