I would like to see some pre-paid debit cards for bitcoins where you can walk in an office and just transfer bitcoins from your wallet and get fiat and don't have to wait for transactions at the exchanges. Does such a service exist already?
Topic: Bitcoin-Credit Card - page 5. (Read 3490 times)
That would indeed be fat like that will happen. But you do need to have the certainty that you can start paying.
So there are some risks involved. But it would indeed be useful.
So there are some risks involved. But it would indeed be useful.
This is easier than the Debit card version as you only need BTC in paying the account unlike in Debit Card you need to load some value into it, critical since the price always changes.
Creditcards is a great option to use in electronic processing of payments IMO, it is faster and easier to use but the fees is too high also the risk of using a Creditcard when you insert it in every site and would need carefully not using it in any untrustworthy place.
Any kind of card, is just a method for the rich to drain more money from the consumers. The card removes the physical attachment people has to their money. The gambling sector realized this, when they replaced the old coin operated slot games with pre-paid cards.
People spend or gamble more, if they do not see the physical money/coins in their hands. These companies can also hide the transaction fees, because you do not normally think about this, every time you use these cards. They also add insurance fees and lost card fees and things like that.
Bitcoin is different, because you see the balance declining with every transaction you make and you can manage your spending and also transaction fees more effectively. ^smile^
People spend or gamble more, if they do not see the physical money/coins in their hands. These companies can also hide the transaction fees, because you do not normally think about this, every time you use these cards. They also add insurance fees and lost card fees and things like that.
Bitcoin is different, because you see the balance declining with every transaction you make and you can manage your spending and also transaction fees more effectively. ^smile^
People are becoming increasingly accustomed to using bank cards. Now, with the increasing penetration of mobile and P2P payment systems, the necessity to use cash is quickly becoming obsolete.
Which do you think is the relation between bitcoin and credit card? Don't you think the use of credit card works as the same way as bitcoin does?
Which do you think is the relation between bitcoin and credit card? Don't you think the use of credit card works as the same way as bitcoin does?
yeah bitcoin is credit card same like bank card and now all person is using now bitcoin when we need any thing this time using bitcoin. same like bank card
I will be prototyping Credit Card. I will need some people that want to test and give feedback about possible product.
I am already offering credit lines so giving credit cards is next logical step.
I am already offering credit lines so giving credit cards is next logical step.
But I think Bitcoins are still superior than credit cards, mainly because you dont feel safe about putting your debit card or credit card's details into a anonymous site while with bitcoins, you can pay them and relax as they never will be able to steal coins from your wallet, but cards are not like that.
Some exchanges and online wallets offer bitcoin debit cards I may get one if the fees are not too high of course.
legendary
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As mobile payments are being introduced for everyday use, I actually think that we will see a strong decrease in people using credit cards. Many Banks already offer other options to be used with smartphones that are much more similar to bitcoin than credit cards. Sooner or later, banks are going to introduce digital currency on these new mobile payment options to cut transaction expenses.
yes bitcoin is credit card all people are using bank card when people need some thing they are using bank card and same like which person is know about bitcoin, he have any time mobile when he need any thing. he use bitcoin same like bank card
, bitcoin is digital currency and credit card is card which made for payment processor, that's general explanation
I think that Bitcoin could be done mostly by scanning your phone or something much faster than typical card. There is a grocery store near me that is allowing this and also quick scan of a card but not debit. I would like to see us move away from cards as we know it.
I will be prototyping Credit Card. I will need some people that want to test and give feedback about possible product.
I am already offering credit lines so giving credit cards is next logical step.
I am already offering credit lines so giving credit cards is next logical step.
Bitcoin debit card is best for now. Later when user rate increases bitcoin credit card can be implemented. These days I heard that few sites are providing bitcoin cards for their users which can be used in ATM to receive the amount in terms of local currencies only with minimal charges compared to exchanges.
legendary
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Merit: 1028
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People are becoming increasingly accustomed to using bank cards. Now, with the increasing penetration of mobile and P2P payment systems, the necessity to use cash is quickly becoming obsolete.
Which do you think is the relation between bitcoin and credit card? Don't you think the use of credit card works as the same way as bitcoin does?
i'd say paying with creditcard is simple indeed, but credit card really vulnerable to be stolen, i just saw some people do carding with stolen credit card and its creepy, bitcoin isn't easy to be stolen if you can manage your security Which do you think is the relation between bitcoin and credit card? Don't you think the use of credit card works as the same way as bitcoin does?
As mobile payments are being introduced for everyday use, I actually think that we will see a strong decrease in people using credit cards. Many Banks already offer other options to be used with smartphones that are much more similar to bitcoin than credit cards. Sooner or later, banks are going to introduce digital currency on these new mobile payment options to cut transaction expenses.
yes bitcoin is credit card all people are using bank card when people need some thing they are using bank card and same like which person is know about bitcoin, he have any time mobile when he need any thing. he use bitcoin same like bank card
People are becoming increasingly accustomed to using bank cards. Now, with the increasing penetration of mobile and P2P payment systems, the necessity to use cash is quickly becoming obsolete.
Which do you think is the relation between bitcoin and credit card? Don't you think the use of credit card works as the same way as bitcoin does?
Which do you think is the relation between bitcoin and credit card? Don't you think the use of credit card works as the same way as bitcoin does?
No, they do not work the same way. In order to use bitcoin, you have to own assets. In order to use credit cards, you only aquire debt, so at the moment of purchase you don't have to own anything.
If we're talking exclusively about the methods for paying, there are great wallets such as XAPO that offer the possibility to use your bitcoins directly in any store by a phisical debit card.
People are becoming increasingly accustomed to using bank cards. Now, with the increasing penetration of mobile and P2P payment systems, the necessity to use cash is quickly becoming obsolete.
Which do you think is the relation between bitcoin and credit card? Don't you think the use of credit card works as the same way as bitcoin does?
Which do you think is the relation between bitcoin and credit card? Don't you think the use of credit card works as the same way as bitcoin does?
No, they do not work the same way. In order to use bitcoin, you have to own assets. In order to use credit cards, you only aquire debt, so at the moment of purchase you don't have to own anything.
That's a very good idea till the time we don't see some good and secure way to turn bitcoin into fiat..It will also help bitcoin price to appreciate.
Also if a governing body issues such credit card, it will light the way to use bitcoin legally. Welcoming step.
Also if a governing body issues such credit card, it will light the way to use bitcoin legally. Welcoming step.
I am not sure if we need something like bitcoin card currently. Everything seems easy and secure.
Cards will make it unsafe.
Cards will make it unsafe.
First needed in order to have the possibility to buy things out of internet. There are to many things that needed to be bought out of internet or are to many the people which don't feel secure when use their credit cards at internet. For such kind of things needed the bitcoin card. And then why can be unsafe? If the service is build as it is needed from the card provider the bitcoin card can be very safe. My actual credit cards allow me to assign the limit which can be used in internet. If I want to use it in internet change before the limit (increase it in the amount i want or I need), use it and then make the limit again zero. Even if someone has all my data of my credit card can't do nothing with those. Then if my credit card is stolen (and even if the thief can know my pin) I can block my card within minutes by calling the call center of my bank. If the bitcoin card can offer such services I don't see any risk in this kind of cards.
Currently, Bitcoin debit cards require users to deposit the amount into the service before being able to use it. Be it a card that uses Bitcoin as a payment method or converts to fiat, trust needs to be placed onto the provider. With all the hacking incidents, it is hard to think that anyone can trust an online service.
There is no any other third party in the case of bitcoin CREDIT card. I am not talking about bitcoin debit card (which even those exist, so are a fact, independently what must or can tell you and me about the trust). The bitcoin credit card (must do) work very differently compared to bitcoin debit card. See my previous post to see how work the bitcoin credit card, in which are used the bitcoins and you will see that the only person which have command on the bitcoin used by this credit card is only the owner of the credit card (and the bitcoins). No one other. No any kind of third party.
But even without the above explanation the fact about the existence of bitcoin debit card mean that your word about the trust and the other things are only word. The reality is another. And the reality is over all the parties. You will have reason only the day when in the market there will be no more bitcoin debit card. Until that day, repeat that your's are only words.
I am not sure if we need something like bitcoin card currently. Everything seems easy and secure.
Cards will make it unsafe.
Cards will make it unsafe.
First needed in order to have the possibility to buy things out of internet. There are to many things that needed to be bought out of internet or are to many the people which don't feel secure when use their credit cards at internet. For such kind of things needed the bitcoin card. And then why can be unsafe? If the service is build as it is needed from the card provider the bitcoin card can be very safe. My actual credit cards allow me to assign the limit which can be used in internet. If I want to use it in internet change before the limit (increase it in the amount i want or I need), use it and then make the limit again zero. Even if someone has all my data of my credit card can't do nothing with those. Then if my credit card is stolen (and even if the thief can know my pin) I can block my card within minutes by calling the call center of my bank. If the bitcoin card can offer such services I don't see any risk in this kind of cards.
Currently, Bitcoin debit cards require users to deposit the amount into the service before being able to use it. Be it a card that uses Bitcoin as a payment method or converts to fiat, trust needs to be placed onto the provider. With all the hacking incidents, it is hard to think that anyone can trust an online service.
Paying with the cards may be somewhat a like
I think I would prefer a debit bitcoin card, it would be easier to buy something that's not online
I think I would prefer a debit bitcoin card, it would be easier to buy something that's not online
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