Wirex/E-Coin Launches Two-way Bitcoin Card, Lets Users Buy Bitcoin

Journalist:
Lester Coleman
March 17, 2016

Wirex Limited., the London, U.K. producer of the E-Coin bitcoin debit card, has introduced the first two-way bitcoin debit card. In addition to being able to spend bitcoin with the card wherever Visa and MasterCard are accepted in more than 130 countries, it will soon be possible to buy bitcoin. The launch for this new capability is in April.

Users can fund E-Coin accounts through dozens of bank transfer options and alternative payment methods.

How To Buy Bitcoin

Following are the steps for purchasing bitcoin:

Step 1: Log into your E-Coin account. Choose “Buy Bitcoin” and enter the amount of bitcoin to purchase (the minimum amount is 0.01 BTC). Click “Submit.”

Step 2: A review page appears. Enter the amount of bitcoin to buy. The funds will be deducted from the E-Coin card. When ready, click “Confirm.”

Step 3: A confirmation page appears. Confirm the bitcoin purchase. A confirmation email will also be sent.

Transfer From Banks To E-Coin

Wirex provides both physical and virtual bitcoin debit cards and supports domestic and international bank transfers directly to users’ accounts. With partner banks in more than 68 countries, customers can make domestic transfers to their Wirex debit card accounts. Partner banks include Lloyds, ING, Barclays, and the Royal Bank of Scotland. Wirex has a blog that lists all the methods customers can use to buy bitcoin.

Wirex supports bitcoin purchases through numerous alternative payment methods. These include services such as PaySafeCard, Neosurf, Sofortuberwesing and Yandex to top up their Wirex debit card accounts. A list of supported alternative payment methods can be found in Wirex’s blog post, “Ways to Top Up Your Wirex and E-Coin Account.”

Also read: E-Coin bitcoin debit card raises $186,596 in crowdfunding to support growth

New Platform Coming

Wirex also announced it will launch a new platform in April. All accounts will transfer to the wirexapp.com platform immediately when it launches. In the meantime, customers can continue to create accounts through the E-Coin website. For updates on Wirexapp.com, visit e-coin.io.

CCN recently reported that E-Coin card users can send bitcoin and instantly load their cards rather than having to wait for three confirmations, thanks to BitGo Instant, which provides immediate settlement of bitcoin transactions.

Featured image from Shutterstock.

Tags: E-Coin
Lester Coleman

Lester Coleman is a media relations consultant for the payments and automated retailing industries.