Alternet Systems, Inc. announced an agreement with Wildcard Consulting Inc. to launch the first U.S. based Bitcoin debit card. The system will be designed to operate in full compliance with Banking and Federal guidelines.
The first debit card product will allow consumers the option to access their bitcoins and other digital currencies. It will be the first platform capable of exchanging Digital and Fiat currencies, through accepted mechanisms, in a format that provides a path to immediate, ubiquitous acceptance.
Since 2010, Alternet has focused on the high growth, mobile value added service industries of mobile financial services and mobile security. In 2014, the company included in its investment verticals the exciting digital currency space, in the belief that it will play a key role in the global Future of Money.
If done right, this new service can make it much easier for consumers to use their coins, and boost the Bitcoin economy.
Digital Currencies Are the Key to the Evolution of Financial Instruments
Henryk Dabrowski, CEO of Alternet Systems, said:
"Access to digital currency via a debit or credit card is a key step in the evolution of Bitcoin and its integration with Fiat currencies such as the US Dollar. It is our intent to partner with major service providers of Bitcoin wallets and financial institutions to establish the distribution of our new card. Wildcard Consulting will be responsible for product development, technical integration and successful commercial deployment. Alternet Financial Services will focus exclusively on marketing and selling these services. We believe the time has come for holders of Bitcoin to be able to exchange their digital currency for other assets seamlessly."
Travis Dulaney, CEO of Wildcard Consulting, said:
"We are excited to be selected as Alternet's Strategic Partner. The financial services and payments industries are currently in a healthy and necessary state of change. The opportunities for improvements in regulatory control, fraud protection and Adaptive Individual Intelligence ("Aii") are endless. Digital Currencies, are the key to the evolution of how we see and use financial instruments today. Alternet's platform will provide the infrastructure and products, to take advantage of this new digital frontier."
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