SNAPCARD launches bitcoin wallet offering

In order to support its merchant integration service, SNAPCARD has launched a bitcoin-wallet offering, which will enable transactions via QR code, SMS or email, transaction history and price quotes.

The users will now be able to pay for virtually anything with digital currency, even tax bill, using a browser plugin. A flat 0.5% fee is charged on transactions, and fiat is deposited into the merchant's bank account the following day. Furthermore, the app will also enables the users to buy bitcoin, litecoin or dogecoin directly from their bank account (via ACH) or via credit/debit.

The start-up also plans to offer 24/7 customer support via live chat, phone and email, which is considered a novelty in the digital currency ecosystem. The company secured $1.5 million in funding last year and launched a campaign to bring bitcoin to merchants in San Francisco.