VISA card allow it's users to spend bitcoin

in #bitcoin7 years ago (edited)

London Block Exchange or lbx is going to launch a VISA card. which allow its users to convert their bitcoin and other virtual currencies to pounds and let them spend it on the high street.When a shopper spends money with the card, LBX will pay the retailer in pounds and recoup the money from the shopper's online wallet, converting one of the cryptocurrencies they hold into pounds, charging a 0.5 per cent fee.

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Other firms have attempted to launch bitcoin-based cards but LBX is the first to convert the cryptocurrency to pounds, and has been provisionally approved by the Financial Conduct Authority, the UK's financial regulator.

source:-http://www.telegraph.co.uk/technology/2017/11/15/visa-card-spend-bitcoin-anywhere/

#bitcointre #craigrant

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