RE: BlackCoin virtual/real Visa and Mastercard

tl;dr this will never happen.

Preface: I'm not saying this to hurt BlackCoin. I believe in it, am invested in it, and put my company into it.

Content: That said, there's a lot of naivete going around here, from buyers who haven't been around the crypto community very long, and I think it needs to be set right. There is no point in people getting their expectations up about this.

This card will never exist. There have been a couple attempts since 2011 to do this with Bitcoin. The closest anyone got I'm pretty sure was Charlie Shrem. Visa/MC declined to give him permission after rounds of legal back and forth. At the time that was not V/MC policy because they had no policy on it. Now it is.

Visa and Mastercard have the ultimate say over whether a certain card will be issued, and they have a lot to lose from virtual currencies. They are not going to allow a direct route for withdrawal from crypto to fiat through an ATM. It's not going to happen.

I'm not saying this to burst anyone's bubble, I'm saying it so that a bubble will not form around this idea. Because those of us who've been transacting in crypto/fiat for a long time now understand that this is completely blocked by the card companies and is not going to get off the ground.

I completely appreciate what the OP is trying to do here and applaud his enthusiasm, but prior to a conversation with the card companies this is nothing.