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BitCoin Card To Launch In 2 Months, Says BitInstant

Posted by timothy on from the cash-back-on-that-purchase? dept.

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."

4 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: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.
  3. 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.