It is a sign of a positive outlook and augurs well for the future of virtual currency.
In the latest development, that has the potential to change the dynamics of this field, the siliconangle.com has reported that the Bitcoin exchange Bitfinex has joined hands with the Blade Payments with the aim of providing “real-time debit cards” to its users.
As per the details reported, these cards will be able to support payments via Bitcoin easily, without even having to preload it with a fiat currency.
The entire process can be completed without any hiccups, and in comparison to other existing cards the new card will be easier to handle for the users, as it does not require him to first sell the Bitcoin balance in the fiat currencies, before trying to make a withdrawal.
This new card allows users to hold on to their Bitcoin balance and only convert that bit of their balance which is required to initiate and complete a purchase.
However, some doubts arose over the card’s acceptability at international ATM networks.
While trying to clear the air on this issue, the company has said that its consumers will face no problems and will be able to use the cards for purchasing goods from even the online merchants.
Further, the Bitfinex Director of Community & Product Development Zane Tackett expressed satisfaction at the development, and added that “We see the ability to withdraw directly from one’s Bitfinex account using traditional ATMs around the world as a major benefit for our users.”
The company, we can deduce, does not foresee any problems arising with its current offering.
But still, it will take some time to actually know the kind of impact this move makes on the larger Bitcoin terrain.
Nikhil Gupta is a Bitcoin writer/analyst at NewsBTC.com. He provides opinionated and informative articles, price analysis, and covers news stories related to the cryptocurrency. He is an avid Bitcoin follower and has been tracking the currency since late 2013. View all posts by Nikhil Gupta
In the latest development, that has the potential to change the dynamics of this field, the siliconangle.com has reported that the Bitcoin exchange Bitfinex has joined hands with the Blade Payments with the aim of providing “real-time debit […]