Alternet Systems, a provider of mobile financial and mobile security solutions, has signed an agreement with Wildcard Consulting to launch the US-based Bitcoin debit card.
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Under the agreement, Wildcard will become Alternet’s primary Strategic Product Design and Architecture firm.
Wildcard will be responsible for building Alternet’s entire suite of financial and payments products designed for Digital and Fiat currencies.
Touted to be the first of its kind in the US, the program will be designed to operate in full compliance with Banking and Federal guidelines.
The new product will allow the customers to use their debit card for purchases with the option to access their bitcoins and other digital currencies.
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By GlobalDataHenryk Dabrowski, CEO of Alternet Systems, said: "Access to digital currency via a debit or credit card is a key step in the evolution of Bitcoin and its integration with Fiat currencies such as the US Dollar. It is our intent to partner with major service providers of Bitcoin wallets and financial institutions to establish the distribution of our new card.
"Wildcard Consulting will be responsible for product development, technical integration and successful commercial deployment. Alternet Financial Services will focus exclusively on marketing and selling these services."
