Bitcoin-Credit Card - page 7. | Bitcointalksearch.org

Blue_Tiger73

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Quote from: crazyivan on November 02, 2015, 04:35:26 AM

As long as BTC does not get widely accepted, we re going to need some way of transferring BTC to FIAT, fast. So yes, we still need BTC cards and we will be needing those for a couple of years more. I like Bit-X, a very nice one.

I don't think that Bitcoin credit cards have been made but there are Bitcoin debit cards and Bitcoin ATM's. You can find some more information here and here.

crazyivan

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As long as BTC does not get widely accepted, we re going to need some way of transferring BTC to FIAT, fast. So yes, we still need BTC cards and we will be needing those for a couple of years more. I like Bit-X, a very nice one.

Blue_Tiger73

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Credit cards are different to Bitcoin. Credit cards charge users after they have bought something, whereas in Bitcoin, money is stored in your Bitcoin account and deducted from it when you make a purchase. I would say credit cards are easier to use but I would rather use Bitcoin as it is also a good investment. As the price of Bitcoin is rising now, I am also earning money even after I purchase something. I also don't like the fact that banks charge you more if you pay your debt back late, I am a forgetful person and that's why Bitcoin works for me. People have different views on this subject but that is my opinion.

ranochigo

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Debit cards allows users to withdraw fiat instantly from Bitcoin rather than waiting for days for bank transfer to come. I consider it quite cool to be able to withdraw money from debit card using Bitcoins. It doesn't give too much of an incentive for users to use it. Even though it does offer fast withdrawal and have high acceptance, the fees is far too high and verification have to be done to use it without low limits.

~Bitcoin~

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I think bitcoin works more smoothly than traditional credit cards. And also using bitcoin or having bitcoin wallet is easy compared to getting credit card and its verification process.

As these days people use virtual form of money (online banking,credit card, paypal ) to do everyday transactions, virtual money is future of money and bitcoin can be best virtual money being decentralized money.

Amph

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as i see it, credit cards/debit cards are a good catalyst for initial bitcoin apprecciation, they can fuel very well a possible adoption, because they will make the transaction from fiat to bitcoin, for average joe, much less painful

but in the end bitcoin should not rely on credid cards in the future, it can only be used well as a launch pad

NorrisK

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Paying with the card may be very similar, but the fundamentals are completely different.

Credit card, as the name implies, assumes you take credit for a payment. With bitcoin you actually need to have the coins at the moment of purchase.

A debit card would be a better comparison.

Huobi-USD

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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?

Topic: Bitcoin-Credit Card - page 7. (Read 3482 times)