Next Gen 2.0 Bitcoin Debit Card Now Available

Sarah Jenn | May 20, 2015 | 9:01 am

Next Gen 2.0 Bitcoin Debit Card Now Available

Sarah Jenn | May 20, 2015 | 9:01 am

A cryptocurrency exchange in Europe announced the launch of a  Next gen 2.0 bitcoin debit card, which is in compliance with the region’s financial regulators. Danish exchange CCEDK said that the Bitcoin Debit NanoCard  Next gen 2.0 bitcoin debit card will enable withdrawals from their multi cryptocurrency exchange to ATMs and  Next gen 2.0 bitcoin debit card-enabled merchants worldwide.

Bitcoin Debit Card Features

Critics have noted that this bitcoin debit card doesn’t guarantee anonymity or privacy protection unlike competitors such as BitPlastic. However, the fraud protection feature might be its selling point, as any financial movements of CCEDK’s customers are strictly regulated under European anti-money laudering (AML), know-your-customer (KYC) and counter-terrorist financing (CTF) guidelines.

Apart from that, users can tap into  Next gen 2.0 bitcoin debit card features such as unlimited withdrawal limits, depending on the verification with CCEDK and its banking partners. Aside from that, the exchange also has some plans to add more cryptocurrencies to the mix.

“At first, the Bitcoin Debit NanoCard  Next gen 2.0 bitcoin debit card will only support bitcoin, but CCEDK plans to implement further cryptocurrencies as there is demand – including NuBits, BitUSD, NXT and LTC. In the meantime, other coins can of course be exchanged for bitcoin on the exchange, to be used to fund the NanoCard,” said a CCEDK spokesperson in a written statement.

The  Next gen 2.0 bitcoin debit card is set to start shipping by mid-June. For point-of-sale purchases, Level 1 users can spend 250 euros per year and other fees apply for services like having your name embossed on the card, card activation, card delivery via email, card delivery via airmail, cash withdrawal at ATM, and POS transactions.

Tags: , , ,

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

Get the app

Featuring live charts, price analysis, breaking news, currency converter and more. The only bitcoin app you need!

Google play logo

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.