ANX is the next to announce an offering of Bitcoin debit cards. The cards are advertised as capable of withdrawing cash from regular ATMs at over 25 million locations around the world. In addition, you can make in-store debit purchases and use them for online shopping.
Initially, cards can be reserved by a limited number of customers. The company recently issued an update that “ANX Bitcoin Debit Card sells out in less than 24 Hours!!”
Announcements for Bitcoin debit cards have sprung up in abundance over the past few months, but little has been reported in terms of their successful issuance en masse and actual use in point-of-sale (POS) terminals.
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Earlier this year, disgraced Neo & Bee announced the launch of a card offering as part of what was advertised as Bitcoin banking services, which included a physical branch in Cyprus. Card offerings from Cryptex and Xapo have been advertised as well. Cryptex was forthcoming about its processing partners while the others have not.
ANX also touts the card as free of paperwork, application processes and credit checks. Only a name and ANX-registered e-mail are needed to apply. This contrasts markedly with Cryptex, which posts the following on its site:
ANX, based in Hong Kong, runs multiple bitcoin trading venues. ANXBTC and ANXPRO are dollar-based exchanges, while mengmengbi.cn uses RMB. According to Bitcoinity.org, ABXBTC currently ranks 4th in the world in reported trading volume, behind the three major Chinese exchanges OKCoin, Huobi and BTCChina.