Bitcoin debit card issued by E-Coin can now be topped up using a bank transfer – the novelty which is supposed to increase the company’s presence in over 150 countries.

According to the company's blog page, tipping up a bitcoin debit card via bank transfer would be especially attractive for European customers, because in Europe the service is free of charge, while non-European customers will have to pay a fee.

E-Coin’s e-cards can be used for online shopping, payments at stores and operations with ATMs, like ordinary bank cards. The cards are also linked to Paypal. An e-card comes in USD, EUR and GBP, as well as digital currency, allowing instant conversion of bitcoin into fiat currency. Along with plastic cards, which can be delivered worldwide, E-Coin issues virtual cards available to use immediately after activation of E-Coin account. E-cards are part of the Visa card system.

E-cards are secured with multi-signature technology. It requires signatures of all parties involved for a money transfer to take place, which makes fraud harder.

E-Coin personal wallets are secured by three keys and insured by global insurance company XL Group. E-Coin also provides mobile application for users to manage their accounts and trade bitcoins in real time.

Andrew Levich