Shift's bitcoin-backed debit card beta issues new round of invites

Home » Shift's bitcoin-backed debit card beta issues new round of invites
Shift Payments concept card.

Shift Payments concept card.

Last month, San Francisco-based bitcoin startup Shift Payments announced plans to release a new debit-card system that would enable users to pay with traditional bank accounts, as well as bitcoin and Ripple wallets. Backed by tech-industry kingmakers Y Combinator, the card promised to serve as a next-generation bridge between digital currencies and traditional banking by allowing users to switch their funding sources on the fly from a mobile app. Now, Shift’s service appears to have quietly entered beta testing, with a handful of invites going out today.

It’s not known how large the beta test is, or even when the beta officially launched. Shift itself has kept relatively quiet about the service, although there are reports of a limited number of cards being released late last month.

The timing of this new round of beta invites is a strong indication that things are moving rapidly for bitcoin’s push into the mainstream. Invites to Circle, once suspected of being vaporware, are becoming extremely common, and Xapo’s version of a bitcoin-backed card has been available since mid-summer. With PayPal making no secret of its movements into the bitcoin space, and the likely integration of a bitcoin wallet into their service in the coming months, the market for services that can bridge the gap between digital and real-world currencies is already starting to look a little crowded.

New Casinos is the BEST Gamblefi online casino and sportsbook I have seen to date. Don't miss this one if you are into Crypto Casinos

Get 180 free spins and up to 5 BTC in bonuses

CasinoMax: 325% match bonus up to $9750 + 25 bonus spins for 7 consecutive days

400% welcome bonus up to $8000. 40x wagering requirement is required prior to your first withdrawl

Great Welcome Slot Bonus!

Claim a HUGE 500% deposit bonus with no maximum with Crypto

© Copyright 2024 The Best Crypto and Bitcoin Casinos and Sports Betting Sites | Bitcoinx
Powered by WordPress | Mercury Theme