RSS

Debit card holds both cash and virtual currencies/spotted on Springwise

20 Aug

Shift has introduced a card that lets users pay with both traditional bank accounts, loyalty points and virtual currencies.

alttext

The traditional wallet is under threat. Last year, we wrote aboutCoin, the credit card-sized device that stores up to 8 cards at once and can be used in their place. Now Shift has introduced a card that lets users pay with both traditional bank accounts, loyalty points and virtual currencies.

The card appears and operates much like a standard debit card, except it’s tied to a Shift account, rather than a traditional bank account. Users can load a number of their money sources onto the card — whether it’s their bank account, digital currency wallet, ripple account or loyalty membership. The card can be used to pay for groceries with real cash in one shop, and moments later used to hand over Bitcoin for a coffee in another. It can handle payments in different fiat currencies and comes with an app to show exactly what’s been purchased with the card.

At the moment, the Shift card is being trialled by 100 users in the San Francisco Bay Area. It currently only works with virtual currencies and the team is hoping to clear the legal hurdles of integrating loyalty points and real money. Co-founder Meg Nakamura remained positive while speaking to TechCrunch, saying: “It’s just going to take time. U.S. banks are engaged and excited about the technology and its potential. They’re watching regulatory direction closely.”

Are there other ways to make switching between consumers’ various accounts simpler?

Website: www.shiftpayments.com
Contact: www.shiftpayments.com/contact

Advertisements
 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
digiphile

We're already living in the future. It's just not evenly distrbuted yet.

The JAY Group

Insight, observations, and opinions on everything about loyalty marketing.

Lexicon Blog

Thoughts and insights on name branding.

Calling All Storytellers...

The new social network, Medium, is the perfect place for you.

wellbelove.wordpress.com/

#SocialMedia #Marketing #Technology

VentureBeat

Silicon Valley news about tech money and innovation

imagine change

Just another WordPress.com site

PingTheNews

Your source for news, information & resources

AccuProcess

Business Process Modeling Software www.accuprocess.com

Jeffbullas's Blog

Just another WordPress.com site

Gods of Advertising

We make you want what you don't need.

tim

Business Development & Offshore outsourcing

White Elephant in the Room

random insight from an unwanted houseguest

Sonnhalter

Sonnhalter is the leading B2T marketing communications firm to companies that target professional tradesmen in construction, industrial and MRO markets.

Blog thoughts from Randal Dobbs of Framework Marketing

Thoughts on "marketing to people" and polls to share opinions

%d bloggers like this: