BitCoin Credit Card

Technophiles who are brave enough to swap in their cash for a virtual currency might want to check out the latest creation from BitInstant. As Parity News reports, BitInstant cofounder Charlie Shrem says that his company is two months away from releasing a BitCoin-based credit card that will let users treat their virtual coins in the same manner they treat state-backed currencies. Shrem says the new card can be used at places that accept MasterCard and has said that users will get slapped with a “1% BitCoin transfer fee on top of the $1.50 ATM withdrawal fee” for every transaction.

UPDATE: MasterCard has officially denied any involvement in the BitCoin credit card project.