CoinJar launches its debit card service

CoinJar, an Australia based bitcoin services company, has launched its debit card service CoinJar Swipe at the Payment Innovations 2015 conference held in Sydney on Wednesday. The users will now be able to pay from their bitcoin accounts at nearly 820,000 retail terminals across the country, and also withdraw cash directly from bank ATMs.

The main benefit from the debit card service will be that the general public would not have to wait for banks to clear fund transfers from CoinJar exchange accounts.

"We're working to make bitcoin a stable and more useful digital currency for everyone, and we believe the release of CoinJar Swipe is one of the missing pieces to that puzzle", CoinJar Marketing Lead Samuel Tate said in a conversation with CoinDesk.