Forex Paradise Launches Debit Card Range for Bitcoin Users

By August 22, 2016Bitcoin Business
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Investment company Forex Paradise recently announced that it is issuing a new debit card range for Bitcoin users.

The Hong Kong-based international company, which already offers traditional finance management services, marks its entry into a rather unconventional digital currency space. To take up Bitcoin debit card services as its first venture, Forex Paradise is certainly trying to hit the bull’s eye, for Bitcoin’s adoption in the company’s headquartered territory is visibly growing.

With the said launch, Forex Paradise aims to add up to the ever-growing Bitcoin hype. This could be the only reason why the company has launched a “series” of Bitcoin debit cards, with each option featuring distinctive features to cater for unalike users’ requirements.

The first in the series is Family Card, which requires users to deposit a minimum amount of $2,500. It has a one-time payment and cash withdrawal limit of the same $2,500. The only drawback to see in Family Card could be its inability to offer additional cards.

The other card options — Silver, Gold, Diamond and Royal — however makes up for the glitch, as they feature additional card options for users. While Silver, Gold and Diamond Bitcoin Debit Card allows users to hold 2, 5, 10 debit cards, respectively, the Royal Bitcoin Debit Card offers unlimited additional cards.

Nonetheless, the aforesaid debit card options requires more minimum investment than Family. The Royal debit card, for example, requires users to deposit a minimum of $250,000, while SIlver, Diamond and Gold require $5,000, $10,000, and $50,000 respectively.

The one-time payment limit and cash withdrawal limit, therefore, also varies according to the ascending minimum deposit limit. For Silver, they are $5,000 each; for Diamond, they are $10,000 and $20,000, respectively; for Gold, they are $25,000 and $50,000, respectively; and for Royal, they are $50,000, and $250,000, respectively.

“There are no restrictions for cash withdrawal in banks and other financial institutions,” Forex Paradise added. “You can use them to withdraw any amount according to regulations of certain institution.”

The company also informed that the Bitcoin debit card range will be available only for the first 1000 signups.

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