Danish bitcoin exchange CCEDK has launched its much awaited bitcoin debit card NanoCard in association with cryptocurrency and mining trading platform Bit-x, software developers Cryptonomex and smart contracts platform BitShares.
NanoCard brings instant bitcoin-to-fiat spending to users, thus reducing their volatility risk.
On the occasion of the launch, CCEDK CEO Ronny Boesing said, “We have combined the strengths of digital currencies pioneered by bitcoin with the universal acceptance of major credit cards.”
The Denmark-based exchange believes that the digital currency space must be relieved of security and volatility concerns in order to witness real growth. Therefore, CCEDK is implementing industry-leading security standards in association with software developers Cryptonomex.
“They will provide the technology that will enable us to become an exchange, a bitcoin wallet and a vault, all in one.”
Smart contracts platform BitShares’ services will be used to remove the volatility risk. A new generation of 2.0 coins called SmartCoins will be available as funding options for the NanoCard in the coming months. This means that users can store their funds in cryptocurrencies pegged to USD, EUR, CNY, gold and silver.
Key features of Bitcoin Debit NanoCard :
- Instant funding: Bitcoin in wallet is exchanged to fiat only when needed for instant payment or cash withdrawal purposes for the maximum outcome of bitcoin volatility.
- Low commission: Lowest commission on all card transactions guaranteed, as well as low service fees.
- Absolutely Legal: Operations are handled through the processing centers of our bank.
- No verification necessary: There is no need for identity verification, however, a successful verification will enable unlimited use of the crypto-debit card.
The CEO adds that this is the “killer app” that the bitcoin community has been waiting for.
“Bit-x, CCEDK, Cryptonomex, BitShares: each provides a part of the puzzle and the result is bitcoin’s killer app.”