Wired brings to attention the Xapo Card, a debit-like card that allows users to "spend your bitcoins at any place that takes Visa or MasterCard," without the hassle of having "to scan a QR code with your phone or email a long bitcoin address to the seller."
Heres how it works. Xapo, a bitcoin wallet provider, is in the process of becoming a debit card issuer on one of the major credit card networks. That means that, like your bank, Xapo, can issue you a debit card number and expiration date. You get the card number for free. If you want them to send you some plastic so you can gas up or buy beer at a corner store with your bitcoins, then theyll charge you $15.
When you use the Xapo card, the credit card number checks in with Xapo, which approves or declines the transaction, depending on how much bitcoin you have in your wallet. It then sells the bitcoin on the Bitstamp exchange and pays out the merchants just like any other card issuer.
|"The rich are going to continue to gobble up a greater share of income, and our current system will do nothing to reverse that trend."|
|A Judge Stands up to Wall Street|
|Why Nobody Went to Jail During the Credit Crisis|
|"Artists railing against Spotify is about as helpful as campaigning against the Sony Walkman in the early 80s"|
|“Facebook is a data collection service for those who want to sell you products.” #deleteFacebook|
|“Regular exposure to humans results in white patches in the fur.”|
|“The idea is that someday in the future scientists will scan your bricked brain and turn it into a computer simulation.”|
|Future Horizon's Plasma Lightsabers|
|“The Pentagon’s relatively quiet tip-toe into converting the U.S. Armed Forces to a machine-majority force.”|
|Japanese Robot Serves Ice Cream From Inside a Vending Machine|
|“Facebook played a 'determining role' in stirring up hatred against Rohingya Muslims.”|
|CaptchaTweet: Write Tweets in Captcha Form|
|3D Printed $10,000 House|
|“Clearly, no one is going to build weapons that have sufficient general intelligence to, for example, decide and execute a plan to take over the world.”|
|“Contains all the same components as cow’s milk, [...] but doesn’t use any animals in its production process.”|
|When the Wrong Hastag Can Get You Killed by an Assassination Drone|