We’re happy to announce our latest addition to the list of accepted Altcoins and Cryptocurrencies: Steem! Welcome to the family! You can now use Steem to pay for international bank transfers and use it to top up your Bitwala Debit Card. It’s fast, cheap and convenient.
What is Steem? And what is Steemit?
Steem is the cryptocurrency that powers the social media platform Steemit. You can buy and sell it like any other cryptocurrency, but there's more to it: You can change your Steem into Steem power and use that power to vote on posts you like. The more people with Steem power vote on your posts, the more rewards you get. The rewards are paid out in Steem dollars and also Steem power. One Steem dollar is worth the equivalent of one US dollar in Steem. You can use Steem dollars to buy more Steem power or Steem. Which can be used like any other cryptocurrency.
In other words: Make money blogging about your favorite topic!
Ever since the first Steem was paid out on July 4th 2016, Steemit has been all the rage in the blogosphere. Finally, good content not only rewards big corporations but the individual creators themselves. It has attracted a wide variety of indivuals, ranging from a Mexican model over political activists to youtube chefs. The blockchain-based open infrastructure of the site is making it possible for developers to easily develop their own apps and tools, adding new possibilites of sharing engaging content on a daily basis.So how do I use Steem with Bitwala?
It's pretty simple. Sign up at Bitwala, fill out your payee details and the other required information. Click "Confirm Details" and then choose "Pay With Altcoins". Now you can select Steem. Follow the further instructions on the screen and you're done. We've released a step-by-step guide over here (scroll down a little).After you're done paying, make sure to follow us and our French bulldog Lola!
Looks like in a few weeks we'll be set for life without banks and banksters.
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Well, one can always dream...
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Any plans for Steem Dollar? Will it become automatically available in Bitwala once ShapeShift starts supporting it?
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Pretty much, yes. :D So keep asking Shapeshift. But more importantly: Start and keep using Steem! We do need some actual revenue to keep offering alternative cryptocurrencies. ;)
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Thank you for adding steem. If you had to pick just one steem dollars are better. Either way we appreciate your contributions.
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Thank you! It's amazing to be part of such a vibrant project! Feels a little like the early days of Bitcoin. :D
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I had no idea! I was gona make a steemit debit card mockup and I aleady have a bitpay card and yeah with blocktrades or poloiex or bittreex or shapeshift and convert to bitcoin
but eventually we will need our own steemit debit card! Is this it? Can it have the steemit log on it?
Cant anyone get prepaid debit cads and load mony on them? Whats stopping us from makinga steemit debit card
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I just this saw. I saw it in the news, but now found you guys on STEEMIT.COM!!
Awesome and Welcome. I am going to sign up to Bitwala later today, I have some plans for the STEEM DOLLARS I have earned blogging. I traded my Steem Dollars for STEEM (rather than convert which takes a week, weird) on the STEEMIT Market and immediately have powered up to Steem Power. But with these last Steem Dollars that I received, I am going to do something Different, and @teambitwala and Bitwala will be helping accomplish that. Thank you.
full $teem ahead!
@streetstyle
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Epic news! thanks for sharing
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You're welcome!
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I've ordered my card, now to start a career using Steem and a Bitwala card. I'll be sure to update on my projects and tag @teambitwala.
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Does anyone know how much is 1 steem worth in dollars?
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Awesome. Is the card available in the UK?
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Yes, it is. Just to be clear though, it's denominated in EUR. You can, however, use it worldwide. Here's the full list of countries we can send the Bitwala debit card to.
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Awesome, checking it out now! Thanks :D
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You're welcome. Let us know if you need any help!
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Great to see you here.
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Thank you!
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like to see this kind of news -- !
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Can a person from any country open an account and get the debit card? Or I have to be a citizen of a specific country? Also what sort of KYC verifications are required?
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Pretty much, yes. We can't ship the debit cards to US-american addresses, but everything else should be fine. We don't care about your citizenship though. Regarding KYC (know your customer), it depends on your verification level. For sending any amount up to 500 Euro, all you need to provide is a name and an email-address. For the credit card, we need your address, obviously, and that has to be backed by certain documents. Here are the requirements in detail: http://about.bitwa.la/knowledgebase/identity-verification-requirements/
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Awesome news buddy. Thanks for sharing with us @teambitwala
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Great news! Although not everyone will want to spend their Steem , it is important to have as many gateways to other services as possible! Will their be any plans for Steem Dollar support ?
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First we need to see how Steem is accepted. If people use our service with Steem, Steem dollars will follow for sure.
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Steemdollars would be great! It is so far the only stable crypto-asset that also has wide-range support.
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One step at the time. :D
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SBD is more likely to succeed @ You should first pick up SBD because regular users have more SBD then steem!
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Very cool. Not that i want to sell them anyway but i am sure more people want to buy them. From someone who wants to sell them ;)
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I would love to see more exchanges doing such things.
But what's the plan for SteemDollars and their method of exchange?
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