Upon the interests of those that have awaited for the highly anticipated bitcoin debit cards of Xapo, the multi-million dollar startup has finally begun shipping its cards internationally.
However, in correlation to its launch, Xapo has announced that the cards cannot be shipped to the United States, and cannot be used by its residents.
“Unfortunately, Xapo cannot issue nor ship the Xapo Debit Card to users who reside in the following countries: United States Minor Outlying Islands Uzbekistan Vanuatu Venezuela Vietnam Virgin Islands, U.s. Wallis And Futuna Western Sahara Yemen Zambia Zimbabwe,” explained Xapo.
Most bitcoin debit cards in the market today like Coinjar’s bitcoin debit cards act like a gift card, with which users have to top up balance onto the “debit card” using bitcoin.
Xapo’s debit cards however debits purchases directly in bitcoin from Xapo bitcoin wallet and it is supported by billions of Visa merchants and POS machines around the world.
“The Xapo Bitcoin Debit Card is a Visa card that you can use for your purchases in stores, online and to withdraw cash at ATMs – all of this directly in bitcoin. The card is accepted in billions of stores and ATMs around the world. The Xapo Card works just like any other debit card, but instead of drawing funds from your bank account, it debits purchases directly in bitcoin from your Xapo main wallet. The Xapo Debit Card is not a pre-paid card, so you do not need to pre-load cards with cash to make purchases,” stated Xapo.