This Visa card lets you spend bitcoin anywhere

A British cryptocurrency exchange is launching a Visa card that it says will allow users to spend their bitcoin savings.

London Block Exchange (LBX), a newly-launched website that will allow users to buy and sell cryptocurrencies, plans to launch a spending card in the coming weeks that will convert their holdings in bitcoin and other virtual currencies to pounds and let them spend it on the high street.

The “Dragoncard” is designed to counter a key criticism of bitcoin – that it is largely a commodity and has few applications in the real world. Only a handful of major companies accept payment in bitcoin, which has been blighted by concerns about money laundering and other criminal activity…

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