Australia's CoinJar has announced pricing for its new 'Swipe' debit cards, which allow users to load and spend funds from their bitcoin balances at any business in Australia's widespread EFTPOS electronic debit network.
CoinJar, which launched the trial of its regional-first card product last week, is promising "no activation fees, no load fees, no conversion rates (subject to CoinJar Fair Rate policy), [and] no inactivity fees".
Users will still face some costs, however. Ordering the card initially costs AUD$29 ($26). Additionally, cash withdrawals from ATMs on Australia's 'Redi-ATM' network incur a AUD$2 ($1.78) fee, but users can withdraw cash for free if using the cards at either of the nationwide Coles or Woolworths supermarket chains.
CoinJar is waiving the $29 initial fee during the trial period.
"CoinJar will be absorbing these costs because we want our users to experience the power of bitcoin and spend it freely," the company said.
