Skip to main content

Debit Card Issuer Bitnovo Announces Bitcoin Cash Support, as Acceptance Continues to Grow

Bitnovo Announces Support for Bitcoin Cash, as Acceptance Continues to Grow

Bitnovo has launched support for bitcoin cash (BCH). Starting September 27, users of Bitcard and N26 account, both bank-free product offerings from the Spanish cryptocurrency trading platform, will be able to replenish their cards or accounts with BCH. Payments will be supported also.

Also read: Pesamill Africa Launches as Kenya’s Latest Exchange Offering P2P And Centralized Trading

Users of Bitnovo Bitcard And N26 Account Can Now Use Bitcoin Cash For Top Up And Payments

 

Bitnovo announced today that holders of its Bitcard or N26 account can now top up both products with bitcoin cash.

Bitcard is a crypto-based debit card that allows for swift conversion of cryptocurrency to fiat – the Euro, specifically – without need of going through the bank. The N26 is a mobile-based banking service allowing its users to buy and sell cryptocurrency, among other things.

“From today, holders of Bitcard and a N26 account can now top them up easily in Bitnovo platform with bitcoin cash,” Roberta Quintiliano, chief marketing officer at Bitnovo, told News.Bitcoin.com, by email. “Furthermore, it will be possible to use bitcoin cash as payment methods to purchase all the Bitnovo services,” he said.

BCH for Dish Satellite TV

With a presence in over 130 countries, Bitnovo allows users to trade in virtual currency using bitcoin vouchers, bitcoin ATMs, and prepaid cards. It also permits its customers to buy small denomination cards anonymously.

The decision by Bitnovo to integrate bitcoin cash comes as an increasing number of places or merchants take the digital currency as payment. US citizens can pay for TV subscriptions at satellite television provider Dish in BCH, for example, while multiple online purchases are now being made this way in about 200 countries, as we have previously reported.

Bitnovo believes that bitcoin cash will bring real value in real time. “With our card we allow (users) to change bitcoin … to the currency of legal tender that you have associated with your debit card. In this way, at any time, you can count on cash or your card thanks to the value of your cryptocurrency,” it says.

What do you think about Bitnovo’s latest move? Let us know in the comments section below.


Images via Shutterstock and Bitnovo


Want to create your own secure cold storage paper wallet? Check our tools section.

The post Debit Card Issuer Bitnovo Announces Bitcoin Cash Support, as Acceptance Continues to Grow appeared first on Bitcoin News.



from Bitcoin News https://ift.tt/2xXqJEe

Comments

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...