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Canadians Can Now Spend Their Bitcoin Through Visa Debit Card

The New Way To Sell Your Bitcoin

Using Bitcoin in everyday transactions has always been an inconvenient struggle, especially since financial institutions have had massive pushback against the adoption of cryptocurrency. Trying to spend Bitcoin in an establishment like a grocery store is almost the equivalent of attempting to convince the cashier to accept “Schrute Bucks” or the Venezuelan Bolivar.

The popular alternative is to convert their Bitcoin into fiat through a cryptocurrency exchange where oftentimes users find themselves losing their sanity just attempting to register. The long-winded KYC process brings back the trauma of spending the full day waiting in line at the government office. This leads us to wonder if exchanges are contracting DMV or Service Ontario employees to manage their sloth-like onboarding process.

Last year, our team solved this issue by implementing our Bitcoin ATMs supporting sell transactions.  However, we were later flooded with complaints requesting for an online method that did not require the trek to one of our 130+ Bitcoin ATM locations across Canada. We listened to your feedback and came up with a great solution!

 

The Cryptocurrency Visa Debit Card

We are proud to announce the release of our Bitcoin Visa Debit Card. Bitcoin can be directly loaded onto the card and spent like any other debit or credit card at stores where VISA is accepted.

Online registration is simple as there is no tedious registration process. Only full name, address and birthday are required (photo ID and utility bills are not required).  Users can expect physical cards to be issued within 24 hours, not including shipping time. For those less inclined to wait, a virtual card is also available.

The Bitcoin Visa Prepaid Card will be one of the only available to Canadian consumers. Bitcoin Visa Prepaid Cardholders can also rest assured knowing their card comes from Localcoin, a trustworthy Toronto-based company with over 130+ locations in franchises such as Gateway Newstands, Hasty Market, Quickie and Provi-soir.

 

Localcoin Visa Debit Card Features

  • No photo ID required
  • Account balance maximum of $7500
  • 24 hour activation period
  • Physical & Virtual Cards Available
  • Visa issued cards
  • Accepts Bitcoin

Upcoming Q1 of 2019, users can expect an online digital trading platform for purchasing and selling cryptocurrency through traditional payment methods like Interac e-transfer and online debit. Customers can visit our website localcoin.ca for more information and join us in leading the industry towards greater Bitcoin and cryptocurrency adoption.

Ready to get a Bitcoin Visa Debit Card of your own? Click here to sign up today!

1 Comment

  1. Alexandra on November 1, 2018 at 3:33 am

    This is fantastic! Getting the card was easy and didn’t take long. Excited to finally have an outlet to spend my bitcoin.