there is actually a company that is starting to create a debit card that u can us ebitcoin to purchase anything anywhere and it automaticly changes bitcoin to cash. and so on.
should be coming by end of june and pre order urs now
Topic: Bitcoin Debit Card (Read 1447 times)
Hypothetically what would stop something like the following being a real possibility in making the acceptance of Bitcoin a bit easier for Merchants
Having a Bitcoin "Credit Card" embedded with a static public address.. magnetically coded into the card like we have now
Having an organisation that works like an Exchange and can hold your Bitcoins on that address but also work as a type of "backup" if your payment doesn't go through
You could pay with 0 confirmations and the company would take the risk if for whatever reason the transaction doesn't go through..but charge an extra small fee for each transaction to cover the costs if they can't recoup them from the user
Of course there would be all the security concern on signup but it wouldn't be any different for signing up for a normal credit card
Magnetic readers are a dime a dozen it wouldn't be hard to set one up to transfer to a specific account with a displayed read out etc..
What's everyone's opinion?
Having a Bitcoin "Credit Card" embedded with a static public address.. magnetically coded into the card like we have now
Having an organisation that works like an Exchange and can hold your Bitcoins on that address but also work as a type of "backup" if your payment doesn't go through
You could pay with 0 confirmations and the company would take the risk if for whatever reason the transaction doesn't go through..but charge an extra small fee for each transaction to cover the costs if they can't recoup them from the user
Of course there would be all the security concern on signup but it wouldn't be any different for signing up for a normal credit card
Magnetic readers are a dime a dozen it wouldn't be hard to set one up to transfer to a specific account with a displayed read out etc..
What's everyone's opinion?
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I think if the bitcoin is used by everyone, and it is accepted by the world, credit card will come true.
Hmmm... Does anyone sell a pos swipe system that connects to the blockchain?
I believe there is something like that in the works. I remember reading about it a few weeks back. I haven't used the Blockchain merchant app yet, but from what I have seen, it looks like a POS system could be integrated if you know what you are doing.
legendary
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Hmmm... Does anyone sell a pos swipe system that connects to the blockchain?
really using BTC on credit cards requires you to deposit them to another company, which converts to government money immediately to pay for retailers.
What's the point?
What's the point?
What would be the purpose? Only to be able to spend bitcoin (albeit indirectly) literally anywhere Visa is accepted. Sure, this is an interim measure, but hugely useful as we wait for the world to catch up to us in bitcoin adoption. The significance of this is large. Sorta like a BitPay/Coinbase type conversion solution that we get to drive from the buying end of the sale, rather than waiting for the seller to adopt.
I'd not before been aware of coincashcard. If legit, I'd sign up immediately. Kind of expensive, but that will likely change as competitors enter the market. The site is largely devoid of concrete info though. Has anyone here used their services? Who is behind it?
I'd not before been aware of coincashcard. If legit, I'd sign up immediately. Kind of expensive, but that will likely change as competitors enter the market. The site is largely devoid of concrete info though. Has anyone here used their services? Who is behind it?
I'm sure you could buy prepaid debit cards with bitcoins, but what would be the point? It'd be much easier to just pay with a phone or have someone scan your qr code and you put your pin in like you do on a regular chip and pin or something.
You're not getting it yet. With a Visa-branded card funded with bitcoin, you can spend your money literally everywhere that takes Visa. (What's Visa's tag line? Oh yeah. Visa - everywhere you want to be). The seller doesn't need to display a QR code. They already take Visa.
Credit Cards and Debit Cards are very different. Are we trying to come up with ideas for a credit card or debit card?
Couple weeks ago Hong Kong company Cryptex Card announced bitcoin debit card in near future.
coinkite also has debit cards for bitcoin
I see a lot of people asking "what is the point of having a card"
User adoption would be the point of having a card..
People now that have no idea what Bitcoin is most likely use some form of card to pay for their items.
If you told them hey look here is this great new currency etc etc.. and all you need to do is load it onto a card and you're go to go
What's the likelihood of someone that's never been involved coming on board if you told them that instead of..
Well you could just print out a piece of paper or you could download an app with a QR code reader etc etc..
And they say well why I have a card I can just swipe now why should I go to all this extra effort?
User adoption would be the point of having a card..
People now that have no idea what Bitcoin is most likely use some form of card to pay for their items.
If you told them hey look here is this great new currency etc etc.. and all you need to do is load it onto a card and you're go to go
What's the likelihood of someone that's never been involved coming on board if you told them that instead of..
Well you could just print out a piece of paper or you could download an app with a QR code reader etc etc..
And they say well why I have a card I can just swipe now why should I go to all this extra effort?
What would be the purpose? Only to be able to spend bitcoin (albeit indirectly) literally anywhere Visa is accepted. Sure, this is an interim measure, but hugely useful as we wait for the world to catch up to us in bitcoin adoption. The significance of this is large. Sorta like a BitPay/Coinbase type conversion solution that we get to drive from the buying end of the sale, rather than waiting for the seller to adopt.
I'd not before been aware of coincashcard. If legit, I'd sign up immediately. Kind of expensive, but that will likely change as competitors enter the market. The site is largely devoid of concrete info though. Has anyone here used their services? Who is behind it?
I'd not before been aware of coincashcard. If legit, I'd sign up immediately. Kind of expensive, but that will likely change as competitors enter the market. The site is largely devoid of concrete info though. Has anyone here used their services? Who is behind it?
I'm sure you could buy prepaid debit cards with bitcoins, but what would be the point? It'd be much easier to just pay with a phone or have someone scan your qr code and you put your pin in like you do on a regular chip and pin or something.
i think virtex provide those debit card.
Anyone know anything about Bitplastic? I see posts saying it's a scam, but the owner supposedly runs a number of other Bitcoin businesses.
Man how I wish there was a reliable BTC to debit card provider!
Man how I wish there was a reliable BTC to debit card provider!
What would be the purpose? Only to be able to spend bitcoin (albeit indirectly) literally anywhere Visa is accepted. Sure, this is an interim measure, but hugely useful as we wait for the world to catch up to us in bitcoin adoption. The significance of this is large. Sorta like a BitPay/Coinbase type conversion solution that we get to drive from the buying end of the sale, rather than waiting for the seller to adopt.
I'd not before been aware of coincashcard. If legit, I'd sign up immediately. Kind of expensive, but that will likely change as competitors enter the market. The site is largely devoid of concrete info though. Has anyone here used their services? Who is behind it?
I'd not before been aware of coincashcard. If legit, I'd sign up immediately. Kind of expensive, but that will likely change as competitors enter the market. The site is largely devoid of concrete info though. Has anyone here used their services? Who is behind it?
Bitcoin is something totally different than FIAT money and exactly we shouldn't apply anything to bitcoin from FIAT money. Just like said we could use paper wallet. No need credit, debit or other cards for bitcoin i think.
Why would we need a debit card. You can just use a paper wallet as your own debit card or something like it.
exactly global moderator
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A blockchain.info account works just like a debit account. You can just send the money after scanning the merchants QR code, but debit style cards have been made by people already based on Paper Wallets / QR codes. I'd prefer just to use blockchain.info though.
Why would we need a debit card. You can just use a paper wallet as your own debit card or something like it.
I'm sorry I should have been clearer initially it's a debit card and not a credit card..
To be able to accept a payment with 0 confirmations does have some risk that could be mitigated by a backing company
Including but not limited to things such as double spend attacks that could invalidate the purchase
The goal here is to make it simple and fast for everyone to use within a secure environment that offers insurance for any issues
To be able to accept a payment with 0 confirmations does have some risk that could be mitigated by a backing company
Including but not limited to things such as double spend attacks that could invalidate the purchase
The goal here is to make it simple and fast for everyone to use within a secure environment that offers insurance for any issues
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