Bitcoin Anywhere: A Bitcoin to Credit Card Gateway From Abine and Coinbase

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Bitcoin Anywhere: A Bitcoin to Credit Card Gateway From Abine and Coinbase by CoinGreed on March 10, 2015 Abine announced the release of Bitcoin Anywhere, a new service that lets users spend bitcoin at all online merchants that accept MasterCard. The service, currently in an invite-only beta, permits funding of a Blur “Masked Card” from a Coinbase wallet. Currently, Bitcoin Anywhere is available only to invited users of Abine’s Blur premium service. Blur Masked Cards are one-time MasterCards created on-the-fly by Abine, which can be used at all online merchants that accept MasterCard, which, in practice, means all online merchants. Masked cards don’t compromise the user’s real name and address and have a built-in limit to avoid hidden charges. “When a user makes a Masked Card, we are issuing a limited-balance, limited-duration credit card for that transaction. When you generate a masked card we charge your funding source,” said Andrew Sudbury, Abine co-founder and CTO. Bitcoin Anywhere aims to make bitcoin payments widespread by automatically signing up all online merchants. Only the users know that they are paying with bitcoin, whereas the merchants continue to use their credit card payment systems. The Abine announcement notes that leading venture capitalists invest …