Bitcoin-funded debit/credit cards are on their way, expect them in 6-8 weeks

Honestly, I haven’t run into Bitcoin except to clear it off of servers as a form of Malware. According to TweakTown, Charlie Shrem, BitInstant co-founder revealed in an IRC chat that his company is 6 to 8 weeks away from launching a Bitcoin-funded international debit/credit card. Stating that it will be issued by two unnamed major banks, one international and the other domestic.

The Bitcoin-funded card will act like any normal debit or credit card account, and should be accepted wherever MasterCard is accepted, which is virtually anywhere. The first 1,000 Bitcoin debit/credit cards will be issued for free, but after the first 1,000, the cards will set you back around $10 per card.

Shrem also revealed that each card will sport a QR code on the front that can be scanned to complete transactions that are under $1,000 and a printed address on the rear featuring the user's Bitcoin Address. Future Bitcoin-funded card owners should expect to pay a 1% fee to fund the card, and a $1.50 ATM withdrawal fee.