While the value of Bitcoin has fluctuated both ways in recent times, I am quite sure that if you were to gift someone, say, a thousand Bitcoins, that person would be crazy to pass it up. The thing about Bitcoin is this though – you might not have that much freedom in spending it the same way as you would with cold, hard cash, since acceptance of Bitcoin has yet to become widespread. What if there was some way to use Bitcoin with a debit card? This is exactly what the Xapo debit card does – it is the first ever Bitcoin debit card in the world that has been linked directly to your Xapo Wallet. In a nutshell, you will now be able to make use of your Bitcoin savings via the Xapo debit card, in the same manner as you would with any other bank issued card.
All transactions will be deducted from the wallet in real-time at the point of sales, which is a pretty nifty thing. This means you can now spend your Bitcoins in the same way like cash all over the world, directly from your Xapo Wallet. The Xapo debit card would mark a huge step forward in the development of the Bitcoin infrastructure, since this signals the very first time that customers are able to make use of Bitcoin at any online or offline merchant that accepts debit or credit cards.
Since it is a whole lot easier and more convenient for users to pay with Bitcoins in real-time, all the while offering a seamless experience to merchants when it comes to accepting payment, it would be interesting to see just how many merchants would start to take up the Xapo debit card service. After all, the moment a customer makes a payment using Bitcoin, said merchant will be on the receiving end of the funds in their local currency.