This is interesting, an odd mishmash. whilst the FAQ is big it is not specific - eg 'we are not a prepaid debit card' (do you have a deposit license?) ... 'We automatically withdraw money from your xapo wallet' (and that doesn't count as preloading?).<p>To me, it looks like they've taken a standard visa backed prepaid debit card (although not putting visa logo on it I thought was a breach of scheme rules). They've added a nice ui, and wrap around of saying you can use bit coins.<p>However. Bitcoins stops at the point of actually using the card, where they convert it into the issuing country's currency (assume here: Usd). You're still using visa / other scheme network to transact and they don't take bitcoins.<p>The other comments are bang on and prepaid cards are immensely profitable with trxn fees to load them up, and 'hidden' fees for doing fx. What's odd here is that people using bitcoin are presumably doing it because they like the idea of not having to pay for all that crap! Much comment about how the funds are insured for 100% against <i>any</i> loss - but no mention of FDIC...