Visa Bitcoin

Singapore Startup Takes Bitcoin Into Real World With Visa
By Krystal Chia and Sterling Wong
2017 m. liepos 24 d. 00:00; GMT+3 2017 m. liepos 24 d. 06:46; GMT+3

A recurring challenge for bitcoin and other cryptocurrencies is how to make them work in the real world. A Singapore-based startup says the answer is its Visa card.

TenX is pitching its debit card as an instant converter of multiple digital currencies into fiat money: the dollars, yen and euros that power most everyday commerce. The company said it takes a 2 percent cut from each transaction and has received orders for more than 10,000 cards. While transactions are capped at $2,000 a year, users can apply to increase the limit if they undergo identify verification procedures.

TenX currently processes about $100,000 of transactions a month.