Post
Topic
Board Service Announcements
Re: ANX launches world's first Bitcoin Debit Card powered by an exchange
by
rageofreason
on 16/07/2014, 14:57:40 UTC
What else do you need to know? Feel free to ask, I'm here to help.

Here's a question: what exactly is the nature of the relationship of the Visa Payment Network (or whatever the corporate entity's name is) to this card?

I doubt it is anything other than the relationship between the Visa Network and a bank like Chase issuing a Visa card. Visa aren't going to waste their time cutting special arrangements for such small players.

Assuming I'm correct, I find the 2.5% especially weird given that ANX, as a card issuer, will receive merchant interchange fees of 1.54% - 2.24% and make money of the BTC/fiat exchange. Smells fishy to me.