E-Coin is somewhat new to the Bitcoin business, having been established in 2014 by a team of Russian natives. In that short time, they’ve managed to launch a very competitive Bitcoin debit card that’s ideal for casual Bitcoin users, and are now trying to spread the word via an affiliate program.
E-Coin is based on multi-signature technology, which is how your bitcoins are stored. Like any wallet, it can receive, store and send bitcoins. Most people won’t be using it as a daily wallet, however, as its real purpose is to facilitate the E-Card, where all the real commerce occurs.
The E-Card is designed to make spending bitcoins easier by working as a debit card. It can be shipped to 173 countries around the world, and is accepted by 25 million ATMs and 30 million merchants–basically, wherever you see “Visa/MasterCard accepted here.” The Bitcoin-to-fiat conversion occurs instantaneously.
Bitcoin debit cards are a crowded market, though: established players like Xapo and ANX already have debit cards of their own. BitPlastic has higher fees and is rumored to be somewhat