Mainstream users require a debit card in order to make Bitcoin and other cryptocurrencies a part of their daily lives. What is the result of this year and what is the future of the Bitcoin debit card market in 2016 & 2017? CoinTelegraph interviewed Ted Rogers, the president of XAPO , one of the world leading companies issuing BitcoinCT r: 5 debit cards .
CoinTelegraph: There are dozens of Bitcoin debit cards in the world. Are there any statistics about this market, that are gathered by any association? How can we know, who the leaders are in this market?
Ted Rogers: Unfortunately, no one association that I know of. The number of bitcoin debit cards is still so small that not many industry groups are paying attention. Maybe as the ecosystem matures, someone will begin to track it. The only ones I see with meaningful activity are XapoCT r: 3 , ANX and E-Coin.
CT: What can we expect in the market of BTC cards next year?
TR: Certainly you will see more bitcoin-related cards, both from independent startups and from existing wallet and exchange platforms. More choice is good thing, although I’m not certain that companies seeking to provide debit cards understand the amount of work involved in launching and maintaining a card program. Hopefully, they won’t find out the hard way.
I would also expect more players from traditional financials services to become more actively and visibly involved in card programs, although this might occur more in 2017 than 2016.
CT: What will be the main movements in its development?
TR: In terms of functionality, the same choices should remain: users can either order a preload card, in which case they must load their bitcoins onto the card before using it, or a true debit […]
