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May 6, 2014

Singapore’s 8pip to unveil Bitcoin prepaid cards

Singapore-based 8pip will roll out Bitcoin prepaid cards, claimed as the world’s first Bitcoin prepaid cards, as part of its plan to make Bitcoin transactions simpler for the public.

By Verdict Staff

Singapore-based 8pip will roll out Bitcoin prepaid cards, claimed as the world’s first Bitcoin prepaid cards, as part of its plan to make Bitcoin transactions simpler for the public.

A CoinPip-affiliated company, 8pip’s Bitcoin prepaid cards will enable users to purchase Bitcoin by acquiring physical cards, which can be redeemed as its equivalent value in Bitcoin currency online at the CardToCoin website, as reported by techinasia.com.

After entering the customer details, Bitcoin funds will be transferred to the customer’s Bitcoin wallet, according to the company.

Furthermore, the firm is also planning to enable users to redeem the cards using a simple SMS command, making it easier to hold Bitcoins.

CoinPip and 8pip co-founder Anson Zeall said, "At the moment, Bitcoin or cryptocurrency exchanges are the most common ways to get Bitcoin."

"The problem is, unless you’re a seasoned stock trader, the process to get Bitcoin is still very complicated and intimidating."

He added that with CardToCoin, customers can simply buy a card with S$20 worth of Bitcoin and redeem it online with tablet, phone or PC.

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