BitInvest to launch world’s first crypto-based credit card

FinTech | May 11, 2015 By:

On Wednesday, May 6, BitInvest announced the upcoming launch of the world’s first crypto-based credit card, Coincard, that is usable either for credit or debit on the MasterCard network.

“What distinguishes CoinCard from all other cards is that cryptocurrencies can be used to either pay down revolving balances or used as a debit card drawing on the cryptocurrency accounts of its user.” said CoinCard.

The official launch is expected to take place in July 2015, but pre-orders are already available and will grant the first 1,000 applicants a limited edition card where all transactions fees, with exception of the annual fee, are waived.

BitInvest is a Brazil-based digital currency exchange.