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Shift Card Sunsets, Leaving US Crypto Card Users With Few Options

U.S.-based Shift Card, a Visa debit card service that allows people to spend cryptocurrencies held on Coinbase in real-time, will be ceasing operations this April. Shift’s email to customers explains the company hopes to relaunch in the near future, but for now there are few crypto debit card options left for U.S. residents. Also Read: More Than 30% of BTC Traffic Stems from the Veriblock Project Shift Financial’s Crypto-to-Debit Services to End This Spring Shift Card customers have received an email that explains the company has plans to close its debit card operations this spring. According to the email, the company will temporarily shut down on April 11, 2019, but the firm hopes to relaunch again. The Shift Card launched in the fourth quarter of 2015, allowing people to spend cryptocurrencies tethered to their Coinbase account on the go wherever Visa is accepted. Shift Card has emailed customers letting them know the card program will be sunsetting for an unknown period of time. Unlike the Atlanta based Bitpay Card, which essentially allows people to sell BTC and BCH for loaded U.S. dollars, the Shift Card deducts the funds directly from the Coinbase user’s account based on the spot price of the cryptocurrency in real time. The service existed for four years, but now users will have less than two months to use the Visa card before operations go on hiatus. “We hope you enjoyed using the Shift Card and truly thank you for your loyalty,” runs the email from Shift Financial. “We, unfortunately, will be retiring the program in April of this year — All Shift Cards will officially be deactivated on April 11, 2019.” The email continues: Don’t worry, your Shift Card will continue to work until that date. Feel free to email Shift support if you have any questions we’d be happy to answer — We hope to re-launch the program and issue new cards in the near future. Thank you for your patience. Little Choice Left for US Residents Seeking a Reliable Crypto Debit Card The email doesn’t give any details as to why the crypto card service program is coming to an end. News.Bitcoin.com reached out to Shift support but has yet to receive a reply concerning the matter. Shift was partnered with Metropolitan Commercial Bank, a financial provider known for its partnerships with other cryptocurrency service providers. The move leaves the U.S. Shift customers in 46 states with only one reliable option, the Bitpay Visa card. Although there are other lesser known card operations in the works, none of them are worth discussing because some of the projects lack a physical card right now and others haven’t been around long enough to be reviewed. U.S. residents have very little options for crypto-to-debit cards. Other well-known cryptocurrency debit card service providers like Wirex, Uquid, Cryptopay, and Spectrocoin only cover the EU region and various non-U.S. countries. Customers from Europe have also had issues with crypto card operators in the past when Wavecrest Holdings, another known crypto banking provider, stopped offering crypto-to-debit services to EU residents. Some card operations have never returned while other companies quickly found replacement banking partners. What do you think about the Shift Card ending its service this April? Do you think more crypto-to-debit services will be offered in the U.S.? Let us know in the comments section below. Image credits: Shutterstock, Shift Card Visa, and Pixabay.  Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH, and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post Shift Card Sunsets, Leaving US Crypto Card Users With Few Options appeared first on Bitcoin News.
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Updates on Shift Card, Bank of Lithuania and ETF rules in Indonesia, police to tackle some crimes in Canada India and Turkey, IIT Bombay to join Ripple's UBRI, UAE waste permit portal on blockchain, Germany's interest and Spain's skepticism, Oracle for Czech SDK.finance

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HUGE Altcoin Updates! Stellar, Binance US, Tomochain, Digibyte, NEO, Monero, Bitcoin Bakkt

Binance Adds BNB to Binance US https://finance.yahoo.com/news/binance-us-adding-7th-coin-102155751.html A brief history of the world of crypto. Plus, all of the latest news and updates from the Stellar Developers ecosystem https://medium.com/stellar-community/stellar-dev-digest-issue-14-ea71609a22b0 How TomoChain’s TomoZ intends to take on Ethereum market share! https://twitter.com/TomoChainANN/status/1173152916888096768 https://twitter.com/Altcoinbuzzio/status/1172575745584971777 https://www.altcoinbuzz.io/crypto-news/product-release/how-tomochains-tomoz-intends-to-take-on-ethereum-market-share/ Virtual Rehab with Virtual Reality is now solving real-world problems https://cryptodaily.co.uk/2019/09/apple-entry-blockchain-via-rumoured-vr-project https://www.zerohedge.com/news/2019-09-09/virtual-reality-now-solving-real-world-problems Celer Network and NEO Are Launching a Partnership https://www.altcoinbuzz.io/crypto-news/partnerships/celer-network-and-neo-are-launching-a-partnership/ Bitcoin #Bakkt Tweet https://twitter.com/Bakkt/status/1173683919687966720 Big! #Monero ready to use Zcoin’s Privacy protocol https://www.altcoinbuzz.io/crypto-news/product-release/big-monero-ready-to-use-zcoin-privacy-protocol/ #digibyte lists on UpHold https://twitter.com/DigiByteCoin/status/1173623829652004866 #bitcoin #cryptocurrency #altcoin #altcoins #crypto #btc $BTC #bitcoinprice #ethereum #electroneum #cardano #enjin #crypto.com #hpb #digibyte #bitcoinnews #btcnews #libra #chainlink #ripple #xrp #xrpripple #binance #bitcoinnewstoday #cryptonews #litecoin #cryptocurrencynews #news Bitcoin cryptocurrency altcoin altcoins crypto btc $BTC bitcoin price ethereum electroneum enjin crypto.com cardano digibyte bitcoin news btc libra chainlink ripple xrp ripple Binance bitcoin news today crypto news Litecoin cryptocurrency news hpb high performance blockchain $xrp $enj $etn $ltc $dgb $ada NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Celsius Network Offers up To 12% APR on USDC, TUSD, USDT and Other Stablecoins

The Celsius app offers the industry highest rates and supports six different stablecoins all eligible to earn up to 12.03% annually with interest paid out weekly Celsius Network (https://celsius.network/), the industry-leading cryptocurrency platform, announces today it has increased interest rates for stablecoin deposits to 12.03% APR. Users who choose to earn interest in Celsius Network's blockchain-based CEL token can earn up to 30% more than the 9.25% depositors who are paid in-kind on their coins. Celsius is raising its rates because it is consistently earning higher returns on its deposits and distributes 80% of its income to its depositors; as it earns more, it distributes more. Unlike other platforms, ...Full story available on Benzinga.com
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VanEck, SolidX Pull Bitcoin ETF Filing From SEC Consideration

Less than two weeks after VanEck and SolidX rolled out the VanEck SolidX Bitcoin Trust ETF (XBTC), a bitcoin exchange traded product aimed at institutional investors, the firms said they're withdrawing plans for bitcoin exchange traded fund aimed at a broader swath of investors. What Happened The ETF issuer and the fintech firm pulled the filing from consideration by the Securities and Exchange Commission on Sept. 13. The agency had delayed an ultimate decision on that product, as it has with various other bitcoin ETF proposals, several times, but was facing a hard and fast deadline of Oct. 18 to approve or disapprove the VanEck SolidX Bitcoin Trust. “Tuesday’s filing marks the second time VanEck and SolidX withdrew the proposed ETF. ...Full story available on Benzinga.com
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IOTA Introduces Chronicle Permanode to Amend Scalability Issues

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Wells Fargo Plans Blockchain-Based Internal Settlement Services

The world’s fourth-largest bank, Wells Fargo, announced plans to use its digital token to pilot internal settlement services, which would run on its distributed ledger technology (DLT) platform. Per the press release September 17, 2019, the pilot project is expected to take off in 2020 and would initially focus on USD transfers.  Digital Token forRead MoreRead More. The post by Anthonia Isichei appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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