Bitwala is a popular company that has recently started attracting more media exposure, thanks to their innovative services. For those who do not know, it is a service that works by making bank transfers on your behalf, in exchange for bitcoin.
According to recent reports, the company has managed to give out a total of 250 Bitcoin debit cards. To help celebrate this, they have decided to offer a 50% discount on all their cards for one week.
Bitwala believes that there is no need for Bitcoin ATMs, as long as there are tons of ATMs already available. With this in mind, their Bitcoin debit cards allow customers to make payments at virtually any ATM, or Point-of-Sale terminal.
In a recent blog post, the company noted that: ‘Combining the Debit card with the possibility of doing SEPA transfers makes Bitwala the perfect substitute for any Bank account. It is faster, cheaper, easier and more secure than using your Bank account.’
Just like many other providers, the company aims to make the process of getting the card as easy as possible. With this in mind, customers need to sign up, get verified, and then simply order the card and top it up. Once this is done, users are free to spend their bitcoin everywhere on the planet. Their taxes are similar to those offered by other companies, but thanks to the recent discount, those interested in bitcoin cards will be able to get these for cheaper.
Based on everything that has outlined so far, have you ever used Bitwala? If yes, what was your opinion on the company? Let us know your thoughts in the comment section below.
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