Bitcoin Debit Card - page 2. | Bitcointalksearch.org

Harris Stevens

newbie

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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?

The debit card system implementation with the bitcoin is not suitable in the long term as the data is mainly in control of a group banking network and in case of data leakage will be more harmful then expected.

morrisgonzalez

jr. member

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It's maybe happen in future that we can use bitcoin debit card. Already some community try to build bitcoin debit card, they research how to build it properly. If it's happen in future then I think it will be more good for bitcoin. Bitcoin now available in offline transaction and becoming popular as popular as online transaction so I think it's possible that bitcoin debit card in future.

cassavachips

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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

Sled

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Bitcoin- in bullish time

Quote from: Astvile on April 21, 2019, 07:32:05 PM

Its good if this will be implenented,bitcoin debit card will help user to control spending bitcoins and can also help us user for more convienent spending of our bitcoins if there will be implementation of stores having to accet bitcoin in the future.

I don't how debit cards will actually apply into you. Even though we don't have debit card we still be using bitcoin at a very comfortable way, we can spend it right away using our smart phones. The surge used of cryptocurrency will be giving some indications that a lot of individuals will having a steps towards crypto.

sHeRiLyN1618

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No banking,Only Bitcoin!

This certainly will greatly help Bitcoin users to spend their money on a shopping place that accepts the Bitcoin Debit Card. But I think it will run smoothly if in that country it does not prohibit the use of Bitcoin.

Astvile

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Its good if this will be implenented,bitcoin debit card will help user to control spending bitcoins and can also help us user for more convienent spending of our bitcoins if there will be implementation of stores having to accet bitcoin in the future.

mistanama

sr. member

Activity: 327

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It is a good way of diversification to have bitcoin debit card because you are limiting yourself from spending a lot of money into luxurious things and with the help of the debit card you will separate your funds from your main wallet and it will build a habit of self-discipline in terms of spending your money and you will learn how to budget.

Sithara007

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Leading Crypto Sports Betting & Casino Platform

If you want to use the card only for online shopping or booking of flight tickets, then there are plenty of options. A huge number of companies offer virtual debit cards. On the other hand, if you want to withdraw cash from the ATMs, or want to use the card for retail shopping then you need a physical debit card. Options are more limited for the second case.

Wysi

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Quote from: BitDane on April 21, 2019, 01:25:59 PM

Its great and nice to find ways to implement Bitcoin to our daily lives such as groceries, shopping or paying bills. But it may seem great I think its not efficient to do payments for your daily needs using Bitcoin or cryptocurrency. Bitcoin is volatile and it may be your loss if you pay using Bitcoin. Its a great idea but still we need to wait for the time when Bitcoin will be less volatile.

Yes indeed it would be a great initiative if the value of bitcoin becomes stable like the value of gold but that's not how crypto works as it's highly volatile and it can go upside down anytime but again we need some sort of offahot of bitcoin which should be stable and used for purpose of daily use like shopping and all.

naturerock

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Quote from: Wendigo on April 21, 2019, 02:53:33 PM

You don't need a Bitcoin Debit card per say to pay at supermarkets etc. A normal bank-issued debit card that accepts transactions from crypto exchanges like Coinbase will suffice and you will be assured your payment will be accepted worldwide. There have been many problems with dodgy crypto debit card providers in the past and people have been left without access to funds while traveling abroad due to issues with their cards.

I tried investing in one of those bitcoin debit cards called hashcard and it turned out to be a complete scam. I think im going to wait on the sidelines for these types of cards until one of these big banks like JP morgan gets involved.

Wendigo

legendary

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You don't need a Bitcoin Debit card per say to pay at supermarkets etc. A normal bank-issued debit card that accepts transactions from crypto exchanges like Coinbase will suffice and you will be assured your payment will be accepted worldwide. There have been many problems with dodgy crypto debit card providers in the past and people have been left without access to funds while traveling abroad due to issues with their cards.

BitDane

sr. member

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Its great and nice to find ways to implement Bitcoin to our daily lives such as groceries, shopping or paying bills. But it may seem great I think its not efficient to do payments for your daily needs using Bitcoin or cryptocurrency. Bitcoin is volatile and it may be your loss if you pay using Bitcoin. Its a great idea but still we need to wait for the time when Bitcoin will be less volatile.

onlinedragon

hero member

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Quote from: Script3d on April 21, 2019, 10:23:36 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?

if im correct coinbase offers a credit card but you need to comply for KYC like other bitcoin credit card provider, and i think you need to convert it first to fiat to be able to use.

All Bitcoin Debit Cards require nowadays KYC verification so for this reason it doesn't matter what card you want to use, keep in mind that the Coinbase Card is at this time only for people from the United Kingdom. The good old days that we were able to use anonymous cards were still the best but regulations killed all this cards.

https://support.coinbase.com/customer/portal/articles/2969910-coinbase-card-faq
Who can sign up for a Coinbase Card?
At this time, only residents of the United Kingdom may apply for a Coinbase Card. We’re working on expanding the offer to additional European markets.

liuqi

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Quote from: stfN2128 on April 21, 2019, 10:42:01 AM

there are already some debit cards provider on the market. i personally use wirex, i'm not sure if tenx is already offering their services world wide. next to both of them there is also bitwala. i guess there are much more than this already

this are the biggest on the market in my opinion / country

That is good. Wirex is the best choice in your option. I have bitpay card with and planning to get the coinbase cards also in some weeks. I am waiting their official launch in europe soon.
Most of the BTC debit card providers gives the gateway option for the many crypto site as a payment medium.

Country is the matter to receive the coinbase card too buddy.

stfN2128

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there are already some debit cards provider on the market. i personally use wirex, i'm not sure if tenx is already offering their services world wide. next to both of them there is also bitwala. i guess there are much more than this already

this are the biggest on the market in my opinion / country

Pearls Before Swine

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Quote from: Haunebu on April 15, 2019, 06:33:57 AM

I personally wouldn't use such a debit card yet due to the high volatility of BTC, but I would surely be interested in it once the value of BTC stabilizes and the volatility lowers.

Why would the volatility matter if you knew the value of bitcoin at the particular moment you were going to use the debit card? The payment processor is the one that has to bear the risk of volatility.

Haven't I seen bitcoin debit cards advertised here before? I vividly recall a picture of someone holding one with a piece of paper blocking out the personal information. The thread I saw that picture in was a scam accusation one too, if I am recalling correctly.

Whether they exist now or not I know they have been in the works for years. I don't know what the stumbling block is to their creation and use. Is it that companies like Visa & Mastercard don't want to be involved with bitcoin?

Quote from: Mandoy on April 21, 2019, 06:10:43 AM

It is much easy paying a store by scanning their qr codes and sending bitcoin to the address of the store owner.

That is assuming you can find a brick & mortar store that accepts bitcoin. Those might be commonplace in some countries, but not in mine.

Script3d

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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?

if im correct coinbase offers a credit card but you need to comply for KYC like other bitcoin credit card provider, and i think you need to convert it first to fiat to be able to use.

Razick

legendary

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There are many Bitcoin debit cards available now. Too many to count. Even companies like Coinbase are coming out with their own versions of credit cards now. Just wait until everyone has a debit/credit card, but instead of spending fiat, we spend Bitcoin instead. That will be so amazing. I think it will happen faster than people think. Well, who knows. Only G-D.

Wayan_Pedjeng

sr. member

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Quote from: Timere on April 21, 2019, 07:49:47 AM

There are many problems with this. Visa and mastercard will not allow you to do with Bitcoin. They are afraid that he follows them.

Visa/Master will not directly allow you to convert your Bitcoins to fiat cash, but there are intermediaries. Visa/Master pre-paid debit cards are available from companies such as Wagecan and Monaco, and they allow you to load these cards with Bitcoin or Bitcoin Cash. Wagecan is based in Taiwan and Monaco is based from a European Union member country.

Timere

newbie

Activity: 133

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There are many problems with this. Visa and mastercard will not allow you to do with Bitcoin. They are afraid that he follows them.

Topic: Bitcoin Debit Card - page 2. (Read 965 times)