Bitcoin credit card? - page 3. | Bitcointalksearch.org

iluvpie60

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Quote from: Jherek on May 05, 2017, 02:04:30 AM

Quote from: pretendo on May 04, 2017, 11:47:10 PM

I remember hearing something about a bitcoin credit card. Like, one that you pay for everything with fiat on credit, and then you pay off your bill in bitcoin. So you never have to hold fiat if you don't want to.

What's the best/most reliable credit card that does this?

I'd say either Wirex or Xapo.

Maybe Coinsbank, but I have never used them myself so I can't really comment on their quality of their product or anything like that. I've only touched Xapo which has worked for me every time if you are willing to provide some ID, and Wirex is one of the oldest anonymous CC providers around, you don't even need to submit your ID.

They were called e-coin before they rebranded.

If you want to pay your bills, look onto localbitcoins. In my country there are always offers to pay your bills for bitcoin on there, and for a pretty good price as well.

I would be careful with localbitcoins. A lot of people are getting in trouble with the law for running an "unlicensed money transfer service". Having someone pay your bills for you by using localbitcoins could be against the law in your state. All depends of course on the local laws.

Bitpay has a debit card you ca load and make payments with. It lets you hook it up to many accounts.

Monaco card i think is coming out with a 10% rewards card(current bid for one is 200,000USD).

roadbits

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Quote from: audaciousbeing on June 07, 2017, 02:50:29 AM

Bitcoin debit card is still very much possible but not credit card. The reason for bitcoin in the first place was borne out of the failure of the banking system which cannot be unlinked to the fact that people get to spend more than what they have as a result of credit card thereby throwing the whole world into financial crises which I believe might face bitcoin if that should happen considering the fact that tracing people to redeeem their debt will likely be impossible.

Yes bitcoin debit card is possible but credit card it is impossible. If Bitcoin banks open then it is possible. Yes, we have many banks in our country, and they are suffering a lot to collect the due amount of the credit card holders. So if Bitcoin credit card comes means everyone will apply and use, but no one will pay credit card bill. Because there is no banks to control this bitcoin money.

foxbat

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Quote from: audaciousbeing on June 07, 2017, 02:50:29 AM

Bitcoin debit card is still very much possible but not credit card. The reason for bitcoin in the first place was borne out of the failure of the banking system which cannot be unlinked to the fact that people get to spend more than what they have as a result of credit card thereby throwing the whole world into financial crises which I believe might face bitcoin if that should happen considering the fact that tracing people to redeeem their debt will likely be impossible.

Maybe you're right, bitcoin can cause serious consequences for the economy of the world, but with the current situation, everything is controlled steady, and i think, it is showing the advantages It is, and it is contributing to the development of a nation's economy, the crisis is impossible.

audaciousbeing

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Bitcoin debit card is still very much possible but not credit card. The reason for bitcoin in the first place was borne out of the failure of the banking system which cannot be unlinked to the fact that people get to spend more than what they have as a result of credit card thereby throwing the whole world into financial crises which I believe might face bitcoin if that should happen considering the fact that tracing people to redeeem their debt will likely be impossible.

The_Dark_Knight

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Quote from: pretendo on May 04, 2017, 11:47:10 PM

I remember hearing something about a bitcoin credit card. Like, one that you pay for everything with fiat on credit, and then you pay off your bill in bitcoin. So you never have to hold fiat if you don't want to.

What's the best/most reliable credit card that does this?

I don’t think there are bitcoin credit cards, just think about it, the name itself implies that you could receive credit for it, but do you think any bank is going to give you credit if they do not know who you are? So the only cards that exist are bitcoin debit cards.

megynacuna

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Quote from: dwieyani on June 06, 2017, 11:14:27 AM

This is the same as the debit card we use with limited access to super market stores. I have not found a credit card issued with bitcoin as a value stored on it.

Exactly, people should know that digital currency is not necessarily Bitcoin because there are a lot of fiats that are digitally loaded on a card and are allowed to be spent without carrying physical cash on you. There's actually no credit card with Bitcoin, maybe a debit card with Bitcoin but I haven't come across that yet.

dmamigo

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Quote from: JL421 on June 06, 2017, 12:23:19 PM

There are barely any physical credit cards for bitcoin which benefits the user as most of the cards
charge super high fees for paying another currecy that dollars or even for withdrawing money from an atm.
There are even super high charges for making a bitcoin card , the best thing to do is just withdraw your bitcoins to cash and make you local credit card payments with those cash

Bitcoin credit card is not available right now, and even IMO it will be very difficult to even make it available, as to provide a Credit Card, the applicant has to assure that he is capable of returning the money. And to verify, government support and help of some kind of Banking/Financial service who will supports Bitcoin will be required.
Japan and few others who legally accepted Bitcoin can only provide such kind of services I think as of now.

JL421

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There are barely any physical credit cards for bitcoin which benefits the user as most of the cards
charge super high fees for paying another currecy that dollars or even for withdrawing money from an atm.
There are even super high charges for making a bitcoin card , the best thing to do is just withdraw your bitcoins to cash and make you local credit card payments with those cash

dwieyani

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This is the same as the debit card we use with limited access to super market stores. I have not found a credit card issued with bitcoin as a value stored on it.

michkima

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Quote from: farharhadi on June 06, 2017, 10:44:51 AM

Bitcoin will not be set therefore there may be a problem when someone refuses to pay the bills that have been incurred.

What do you mean? Did you mean that when people pay in bitcoins then the prices suddenly went up before he was able to pay, that would be a problem?

I think the better analysis here is that the bitcoin credit card will convert bitcoins to fiat as you pay with it. Then it is directly debited from your card. Well this is generally a debit card now.

farharhadi

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Bitcoin will not be set therefore there may be a problem when someone refuses to pay the bills that have been incurred.

vohoanghiep55555

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Quote from: pretendo on May 04, 2017, 11:47:10 PM

I remember hearing something about a bitcoin credit card. Like, one that you pay for everything with fiat on credit, and then you pay off your bill in bitcoin. So you never have to hold fiat if you don't want to.

What's the best/most reliable credit card that does this?

You may have mistakenly assumed that there is no such type of credit card as Bitcoin. If so, it will completely overcome Bitcoin's slow transaction status

foxbat

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This is not a bad idea, but I'm afraid it can be applied, because bitcoin transactions need a certain amount of time to be validated. If that still exists, we can not apply bitcoin to the credit card. Also, bitcoin is a very valuable coin, what if you were robbed? It is dangerous!

adzino

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Quote from: bitbunnny on June 06, 2017, 08:47:13 AM

This could be an interesting option but actualy difficult to execute in reality. Bitcoin credit card should be issued by some credit card issuer or bank and precindition for this is full regulation of Bitcoin. Since something like this is sti very risky I don't think that companies like Visa or Master Card would be interested to support Bitcoin credit cards. And debit cards are different story.

Involving banks actually destroys the whole concept of bitcoins being decentralized. The bank will start to regulate bitcoins and will have to control your coins if they are get to involved.
It is highly unlikely to happen to get a bitcoin credit card cause someone will have to regulate the coins. More over people will get scammed very easily due to how bitcoins work. Debit Cards are the only option currently available.

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Quote from: bitbunnny on June 06, 2017, 08:47:13 AM

This could be an interesting option but actualy difficult to execute in reality. Bitcoin credit card should be issued by some credit card issuer or bank and precindition for this is full regulation of Bitcoin. Since something like this is sti very risky I don't think that companies like Visa or Master Card would be interested to support Bitcoin credit cards. And debit cards are different story.

Yeah this is really cool idea and despite of it's difficulty, I think there is a ways on how creditors will be obliged to pay for their debts if ever we have this bitcoin credit card. There will be a strong pre requisite prior having a btc credit card, due to an anonymous identity of those customers that might scam the credit card obligations on payment dues. Those bigger companies will take time to study bitcoin first before they implement this such thing in order to avoid future circumstances to happen.

bitbunnny

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This could be an interesting option but actualy difficult to execute in reality. Bitcoin credit card should be issued by some credit card issuer or bank and precindition for this is full regulation of Bitcoin. Since something like this is sti very risky I don't think that companies like Visa or Master Card would be interested to support Bitcoin credit cards. And debit cards are different story.

gracia0023

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Quote from: pretendo on May 04, 2017, 11:47:10 PM

I remember hearing something about a bitcoin credit card. Like, one that you pay for everything with fiat on credit, and then you pay off your bill in bitcoin. So you never have to hold fiat if you don't want to.

What's the best/most reliable credit card that does this?

Maybe it will be possible to have a bitcoin credit card but bitcoin is not consider to use as debit card by bank. Bank is always looking for their security when it terms of debit their only accept a fiat. But its a good thinking to have bitcoin credit card.

italianobitcoin

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Quote from: lol3c on May 08, 2017, 10:32:37 AM

Unless we have a bitcoin bank, we can never have bitcoin credit card. Although some platforms have generated their own debit cards, I dont think that they will open a credit card service. Bitcoin is a decentralized currency andI believe that many people will use this aspect to fraud other people if bitcoin credit card is allowed

There are plenty of alternatives. I know coinsbank and having used them for a while i found it a very solid alternative next to my mastercard. Offcourse there are always things to improve (i.e. the high fees) but in the end it's doing it's thing.. Being a bitcoin credit card

Cofee.BLUE

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We have coins.ph app here,It serves as our credit card that holds our bitcoins but it is only usable in some asian countries.It still depend on what country are you living.Coins.ph app serves as our virtual credit card that is actually good for holding your bitcoins.

lol3c

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Unless we have a bitcoin bank, we can never have bitcoin credit card. Although some platforms have generated their own debit cards, I dont think that they will open a credit card service. Bitcoin is a decentralized currency andI believe that many people will use this aspect to fraud other people if bitcoin credit card is allowed

Topic: Bitcoin credit card? - page 3. (Read 4393 times)