Xapo just announced its Bitcoin debit card, but it will never work. They received $20million+ from venture capitalists, so they have to show something for their efforts.
Here are the problems with XAPO:
First, Mastercard can (and will) pull the plug at any moment.
Second, the bank can (and will) pull the plug at any moment.
Third, the card will work (if it EVER works) in only a few countries.
Fourth, you will have to submit your ID and personal information, exposing yourself to identity theft from hackers who penetrate their server (which happens in the Bitcoin world all the time)
Fifth, Xapo will report all your finances to the IRS and FinCEN.
Sixth, most likely they will never actually get their card off the ground, like CaVirtex failed to do.
If you want a REAL Bitcoin debit card that ACTUALLY WORKS RIGHT NOW, then the ONLY solution available is https://BitPlastic.com
