Bitcoin Debit Card | Bitcointalksearch.org

swordling143

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Quote from: eann014 on April 15, 2019, 05:09:28 AM

Do you think that bitcoin debit card link to our bitcoin online wallet will be implemented or is it possible to happen in the future? After all, we still want some improvement and some option for us to pay in some grocery stores or department stores that accepting cards right? And do you think this is helpful?

With a bit of research, you'll know that they already exist. Bitpay, Cryptopay, and Shift Bitcoin are just a few examples. I really don't think it's for me though, unless, an emergency takes place. This system would "possibly" require identification, a third party and all that junk. Kinda beats the purpose decentralization, ey? I'd rather keep my BTC and simply go with my regular debit card when purchasing stuff.

PlusOne88

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I think this is helpful but there might be a considetation to make this fully implemented. That is if bitcoin will stand by itself as a real currency that could correspond or equate to fiat currency. Because of some volatilities, many are a bit hesitant to establish a business where the currency will be bitcoin. May be there is a way to make it stable as problems often have solutions.

xWolfx

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Quote from: cassavachips on April 21, 2019, 09:58:27 PM

using bitcoin as a payment in department stores is a good idea, but of course it will require third parties for department stores to exchange bitcoin to fiat which makes it inefficient for department store

Of course and some options exists where it is already available. Exchanging right away to fiat for merchants is by far the best way to go right now. Later, other possibilities can be viewed seriously.

And not only for Department Stores, for everything.

olamidey

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I see this happening. It's a matter of when as the if factor is settled. So much fintech projects and ICOs all have Debit cards developed but everyone looks forward to bitcoin having its own card. The first step to this will be the bitcoin ATM machines which already is in existence and being use. So let's wait for it . It will come soon. Some countries that have legalized bitcoin will definitely be at the forefront of this innovation.

Gaff

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Quote from: minersday on April 25, 2019, 01:28:19 AM

Why will you need a Bitcoin Debit card? Most of the transactions made with Bitcoin can be easily done with your normal Bitcoin wallet easier and faster. For me, I think it will be a waste of time for developers to create Bitcoin Debit Card. The crypto ecosystem do not need this kind of suggestions and ideas. This will just introduce a lot of third parties into the Bitcoin space if people start using Debit Card made for Bitcoin transactions.

This will become advantageous if the entire digital and fiat systems will be compatible. Merging decentralized and centralized currency will eliminate conflicts of transactions, since it's mentioned here waste of time for the developers. Bitcoin debit card will be the best option to introduce digital money towards the people, so withdrawing your btc can be done in fast exchange from digital to paper money instantly at local atm machines.

minersday

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Why will you need a Bitcoin Debit card? Most of the transactions made with Bitcoin can be easily done with your normal Bitcoin wallet easier and faster. For me, I think it will be a waste of time for developers to create Bitcoin Debit Card. The crypto ecosystem do not need this kind of suggestions and ideas. This will just introduce a lot of third parties into the Bitcoin space if people start using Debit Card made for Bitcoin transactions.

hen cet

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Quote from: MakeMoneyBtc on April 22, 2019, 01:03:31 PM

Adding a debit card to our wallets will not help cryptocurrencies since the transactions will still be made with fiat since shops don't accept crypto right now. So, all of this services that offer bitcoin debit cards don't do anything different than an exchange does expect the fact that they complete the transaction between you and the actual shop you are paying.

For countries that legalize bitcoin, providing debit cards is certainly one of the payment solutions, especially for traders who accept bitcoin.
However, for transactions, bitcoin wallets are used because the coding system is a very important protection for bitcoin debit card owners, where the system will work by protecting many parties, namely the owner of one bitcoin, on the other hand, the owner of the merchant.

Indamuck

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I'm against this, its a complete step backwards. Bitcoin was created to cut out the middlemen and give us financial freedom. This is just bringing in a 3rd party to charge outrageous fees and have ultimate control over the payments.

eann014

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Quote from: kakonhat on April 21, 2019, 06:28:24 AM

Quote from: eann014 on April 15, 2019, 05:09:28 AM

Do you think that bitcoin debit card link to our bitcoin online wallet will be implemented or is it possible to happen in the future? After all, we still want some improvement and some option for us to pay in some grocery stores or department stores that accepting cards right? And do you think this is helpful?

We know card uses is easy than others but QR code more easily than a card. Yes, it will be not bad if it will happen. Because it will help for offline users but there could be a problem if the card is stolen or lost. So, what do you think now?

If the card is stolen or lost, then there is no problem, as long as we can have a security code or special security key for that card then I think that's already a good option for payment but you are also right, we can use our mobile phones scanning our QR code in our wallet for payment option, additional option is NFC, it is easier I think.

Zurcermozz

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Yes, for sure , because there are lot of machines right now that are accepting bitcoins as their money to exchange trade with other like goods, online shop etc. so there will adopt it for sure.

mirawantirinjana

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I can't deny that this is a very good breakthrough, but I can't use it here, there is no shopping center that accepts bitcoin as a legitimate payment transaction tool in this country.

mung_nasib

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I think debit cards especially by using bitcoin are very extraordinary however, I am very sad because this is not possible in my country because the government has not formally declared its existence bitcoin but I hope the future of bitcoin will continue to increase with interest every year.

MakeMoneyBtc

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Adding a debit card to our wallets will not help cryptocurrencies since the transactions will still be made with fiat since shops don't accept crypto right now. So, all of this services that offer bitcoin debit cards don't do anything different than an exchange does expect the fact that they complete the transaction between you and the actual shop you are paying.

Kensyin

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I think this is a good option if this is among a way for someone to spend bitcoin now because total merchant adoption is still so low that everything can be achieved and bitcoin can become a globally recognized cryptocurrency.

RobDScott

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I think having a Bank account where you have a regular checking account that enables crypto is the key. Its finally here with Onyx. Check out robdscott.onyxlifestyle.com

You get a UK Bank account, Wire funds in and out like a normal account but then also send in crypto and go from crypto to fiat and back to crypto. You get a Credit card debit card.

The cool thing is if you sell your crypto position your funds are available in minutes versus days with coinbase.

This is a game changer for sure. Head over to robdscott.onyxlifestyle.com to learn more

maldini

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Quote from: Sithara007 on April 17, 2019, 12:42:56 AM

Quote from: seoincorporation on April 15, 2019, 12:26:24 PM

I remember when i got my first bitcoin debit card 2 years ago, it was created by Qrypto and had some nice NFS technology. But i just take a look to their site and not sure if the business keeps running.

So after some research, i found this great article about 8 bitcoin cards you can get right now:

https://news.bitcoin.com/8-crypto-debit-cards-you-can-use-around-the-world-right-now/

The problem is that many of these providers are suddenly forced to shut down their operations, due to pressure from the law enforcement agencies. The collaboration between various national agencies is growing and the details of the debit card users in most cases are not anonymous anymore.

I don't think it's due to pressure from law enforcers, there are many out there that have a bitcoin atm, but this is a matter of interest, bitcoin is still in the interest of people, forcing them to stop bitcoin atm services. Debit cards from banks are still very effective cards compared to bitcoin debit cards.

shimbark123

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If bitcoin wallet and debit card would be connected to each other then it would probably a good thing. Although it's good, it should have been like this. You can switch bitcoin to your country's currency because of a clear reason, volatility.

jak3

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as we already can see bitcoin debit card is already a thing. maybe it is not very hugely being used by everyone but many companies have already tried to implement this idea. even there were some signature campaigns before which allowed having bitcoin debit cards. and if you are lucky enough then you will also one bitcoin atm in your area.

analyststins

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Correct me if I'm wrong, I have seen some services that act as a middle man to do the same. I understand its not ideal, but at least it works everywhere VISA/MasterCard is accepted.

Wendigo

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Bitcoin debit cards have more disadvantages than advantages for me. The fees are too high and the reception is sometimes not very good worldwide so I might end up not being able to pay even if it says MascterCard ot Visa cards accepted here. Those cards are just glorified debit cards with extra fees attached to them Roll Eyes

Topic: Bitcoin Debit Card (Read 965 times)