LONDON, Sept. 22, 2017 /PRNewswire/ -- The
cryptocurrency payment solutions company, Bonpay is in
the process of making it easier for people to spend
cryptocurrencies. The proverb, "spending is easier than earning"
may hold good in case of fiat, but it isn't the same when it comes
to spending cryptocurrencies.
The cryptocurrency market has seen a lot of development in the
recent days. However, the community is still faced with challenges
when it comes to withdrawing and spending the crypto-assets. Even
though a bright future is predicted for the likes of Bitcoin and
Ethereum, no universal payment solution is supporting these digital
currencies at the moment. Bonpay aims to change it, one step at a
time.
The growing interest in cryptocurrencies has led to to the
appearance of different fund withdrawal methods which included bank
transfer, exchange to other e-currencies, or direct Bitcoin payment
for goods and services. However, these methods have their own
issues as the bank transfer and exchange to other e-currencies come
with exorbitant fees and sluggish speeds while there aren't many
merchants who accept direct cryptocurrency payments either online
or offline. But as with any other problem, even this one has a
solution.
A market analysis indicates two widely used payment options,
cash and credit cards. These two payment methods have achieved
maximum market penetration. They can be used to pay for almost
everything in places ranging from large supermarkets to small shops
and even online portals. In cases where the cards are not accepted,
people can always pay by cash withdrawn using the card from a
nearby ATM.
The increasing adoption of Bitcoin and other altcoins followed
by widespread usage of credit and debit cards has led to the
creation of cards for Bitcoin withdrawals. The concept was
initially implemented by Trailblazers, which came with high fees
and poor support that left many people disappointed.
The Bonpay Cryptocurrency Card Solution
Bonpay Card is an ideal option to withdraw funds for
cryptocurrency traders, miners, Internet marketers, webmasters, and
freelancers. It can be used easily and quickly regardless of
geographical and banking boundaries. In addition to these benefits,
the Bonpay card also enables entrepreneurs to make payouts to their
staff without bearing excess transaction fees, saving both time and
money in the process.
Some of the current opportunities offered by Bonpay
includes:
– Availability on any device with fully-functioning
web-version
– Versatile replenishment options, including Bitcoin, Paypal,
and international/local bank transfers
– Option to buy Bitcoin with Bonpay Card and with Paypal
– Possibility to store funds both in the wallet and on card
– Opportunity to order plastic/virtual cards in EUR/USD with
additional currencies available in future.
Plastic card will allow ATM withdrawals across the world while
the virtual ones reduce the risks associated with online
transactions.
Laying Cards on the Table
In the past, multiple players have announced that they will be
introducing Bitcoin cards with 0% fees. But to make good of their
claims, they are yet to launch these products. Unlike them, Bonpay
is laying cards on the table. The Bitcoin Card solution offered by
the company is already live and has a defined fee structure in
place. Bonpay has a zero-fee structure in place for money transfer
within the system, along with a maximum of 1-2% Bitcoin conversion
rate and ATM withdrawal limits set up to USD/EUR 60,000 at FX rate tending to 1.9% instead of
usual 3% charged by similar services.
The Bonpay team is confident that a larger interested community
will be a key factor in the success of its project. Being advanced
users of cryptocurrencies, Bonpay team members have concentrated
their skills into the product which was launched on the 1st of
September. The first 500 subscribers already have an opportunity to
order free card, which may warm up a direct interest among users.
Subscribers stand to receive a Free Bonpay Card and enjoy all its
advantages listed on the website.
Learn more about Bonpay
at – https://bonpay.com
Follow Bonpay on Twitter
at – https://twitter.com/Bonpay_com
Find Bonpay on Facebook
at – https://www.facebook.com/bonpaycom
Bonpay on
LinkedIn – https://www.linkedin.com/company-beta/24782708/
Read Bonpay blog
at – https://medium.com/@bonpay
Follow Bonpay's YouTube channel
at – https://medium.com/@bonpay
Media Contact
Contact Name: David Bel
Contact Email: david.bel@bonpay.com
Location: London, UK
Bonpay is the source of this content. Virtual currency is not
legal tender, is not backed by the government, and accounts and
value balances are not subject to consumer protections. This press
release is for informational purposes only. The information does
not constitute investment advice or an offer to invest
Related Links
Bitcoinprbuzz
Bonpay
View original content with
multimedia:http://www.prnewswire.com/news-releases/bonpay-makes-adoption-of-digital-payments-much-simpler-300524356.html
SOURCE Bonpay