SNAPCARD Launches Wallet Offering, Allowing for Bitcoin Buying Via Credit, Debit or ACH

SNAPCARD has launched a Bitcoin-wallet offering to complement its merchant integration service. The wallet will include features including transactability via QR code, SMS or email, transaction history and price quotes.

Using a browser plugin, the company lets you pay for virtually anything with digital currency, even your tax bill. They recently launched a service allowing merchants to accept bitcoin, litecoin, dogecoin as well as Ripple, a rarity for crypto Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term. Merchants have access to embedded iFrames and a point-of-sale app. A flat 0.5% fee is charged on transactions, and fiat is deposited into the merchant's bank account the next day.

The wallet app will also allow you to buy bitcoin, litecoin or dogecoin straight from your bank account (via ACH) or via credit/debit. Ninety-nine percent of client funds are kept in Cold Storage Cold Storage Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Read this Term.

SNAPCARD states to offer 24/7 customer support via live chat, phone and email--somewhat a novelty in the cryptocurrency startup space.

Late last year, the startup secured $1.5 million in funding and launched a promotion to bring bitcoin to merchants in San Francisco.