Bitcoin was first embedded in the bank payment system

Reporter Jiang Ji Dai Hong Kong reports

July 18, Dell announced the acceptance of Bitcoin to buy all of its electronic products, the service first in the United States consumer and business customers trial, if the smooth progress will be extended to include the international market, including China. Apple has also been the first to allow customers to use bitcoin to buy virtual software in the App Store.

Bitcoin prices plunged from $ 1147 to $ 620 in less than six months. As a speculative tool, the aura of bitcoin is gradually fading; however, its attractiveness as a payment medium bitcoin has been increasing with the birth of the world's first bitcoin financial card, which was first embedded in the traditional bank payment system.

"As long as you own bitcoin, you can spend 30 million merchants worldwide free to spend on this debit card and choose to use bitcoin as the final settlement currency."

ANX Corporation, headquartered in Wan Chai, Hong Kong, owns the MSO Bitcoin Trading Platform granted by the Customs and Excise Department, which oversees the currency exchange shops in the streets of Hong Kong. On July 22, ANX co-founder and chief executive Ken Lo disclosed in an interview with 21st Century Business Herald that Bitcoin Financial Card marks the first combination of virtual currency and traditional financial system with a European bank as back-end settlement Cooperation negotiations with the other three banks have also entered the final stage.

In the context of the global consumer spending has not yet widely accepted bitcoin as a payment tool, with VISA, Mastercard and other traditional payment system to break the limit is an innovation.

From the appearance point of view, this is an ordinary bank card. Lu Jianbang said that registered users of ANX can use the bitcoin in their accounts to automatically add value to their financial cards, use traditional credit card payment systems when spending on consumer products, and support cash withdrawals from ATMs in 200 countries around the world. After embedding in a bank payment system, the use of bitcoin will no longer be dominated by merchants and will be able to integrate into everyday payment transactions more quickly.

With the establishment of more and more physical systems, bitcoin is gradually infiltrating from the virtual world into the real financial system and how anti-money laundering becomes the number one focus of the global financial authority.

At the beginning of the year, bitcoin trading platform CEO Charlie Shrem was arrested at the Kennedy International Airport in New York on charges of helping the drugstore Silk Road laundering money with virtual currency, and the transaction price of bitcoin was also sluggish. In July, a low-profile Bitcoin ATM was stationed in Macau against the background of the crackdown on UnionPay card cash.