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Bitpay has introduced a new Visa debit card to its clients in the U.S. The BitPay Card can be loaded from any bitcoin wallet and can be managed on the web or from a mobile app. The card offers up to $10,000 per day in spendable funds and up to $3,000 of withdrawals in cash daily from any ATM with the Visa® logo.
The company explains the rationale for the surprising move by saying that while they are “constantly working to make bitcoin every merchant’s favorite form of payment, sometimes our favorite stores and restaurants aren’t ready to accept it.”