Brazil-based Bitinvest is to introduce a new prepaid MasterCard debit card, Coincard, which can be topped up with bitcoins and used at any locations that accept MasterCard.
Bitinvest said that when bitcoins are sent to charging address, the balance increases in Brazilian Reais. Therefore, before the transaction, a user must check the exchange rates and expected fees.
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The cards can be availed through order, register and fund using the Coincard website.
The Coincard follows the recently launched Cryptex Card, which serves as a bitcoin-to-cash ATM/payment card, and BitPlastic, which was criticised for high pricing and fees.
The company currently supports bitcoin and Litecoin, with plans to support other currencies in future.
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By GlobalData
