Via Blade Financial’s release, digital currency companies can offer their customers Bitcoin payments at merchants worldwide. Despite support from major retailers like Dell, DISH Network and Overstock.com, Bitcoins annual transaction volume represented less than 1% of the USD 7.4 trillion in purchases processed through Visa and MasterCard in 2013.
Currently, 80% of people own debit cards which help consumers make purchases and remain the number one form of payment over cash or credit. Every bank outsources its card program.
The Blade engine integrates digital currency companies with banks via a REST API to deploy white label and co-branded debit cards that work over existing global payment networks. Blade transactions are instant. The digital currency is debited in real-time at the point of authorisation and no pre-funding of fiat is required.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.