[2015-02-21] What are Bitcoin Debit Cards

coinzat

sr. member

Activity: 434

Merit: 250

Young but I'm not that bold

Quote from: aso118 on February 21, 2016, 11:22:11 AM

Bitcoins were supposed to remove the bank / middleman from the picture and hence cut down on transaction fees.
If that is not happening, I don't see why you should use a bitcoin debit card. You might as well use a fiat debit card.

I think people still need bitcoin cards because in some countries the fiat debit cards has very bad limits and restrictions so they will use btc debit cards as an alternative.
I agree with you that bitcoin is created to remove those third parties in our transactions but this it not going to happen before a widespread btc adoption

aso118

legendary

Activity: 1918

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★Nitrogensports.eu★

Bitcoins were supposed to remove the bank / middleman from the picture and hence cut down on transaction fees.
If that is not happening, I don't see why you should use a bitcoin debit card. You might as well use a fiat debit card.

m3

sr. member

Activity: 460

Merit: 250

Bitcoin debit cards are a relatively new phenomenon in the Bitcoin world with the first brought out at the end of 2014. Although called bitcoin debit cards they are actually prepaid cards which means your bitcoin is converted into your currency of choice and stored on the card. Some in the community think they are quite controversial as they can charge large fees whilst some see them as a benefit as it makes the process of using your bitcoin at any store that one step easier, instead of waiting for the store to accept bitcoin.

The are a number of bitcoin debit cards on the market that are synced into either their own wallets, such as E-Coin, or to exchange systems such as the Shift Card with Coinbase. Most of these allow you to instantly top up your debit card from your bitcoin wallet and mobile apps are available to make it easier to do so. It’s becoming increasingly easier to get your bitcoin into a card that you can use anywhere.

Read More: http://themerkle.com/news/what-are-bitcoin-debit-cards/

Topic: [2015-02-21] What are Bitcoin Debit Cards (Read 326 times)