Topic: Bitcoin mastercard - page 6. (Read 1962 times)
Bitcoin is still not popular is every country. Most of the country dont accept its validity. Its forbiddent in many country. If bitcoin launch a mastercard that have the place to use. I think decentralized systems don't have mastercard. After all if they want to launch, it will take a long periods of time.
People are already concerned about their Bitcoins even if they are kept secure in their hardware or cold wallet and if a mastercard like card is issued for Bitcoin it will just only increase the risk of losing your Bitcoin easily if somehow you managed to lose your card. I don't think this could be a good idea.
Now that it has a card, it suddenly worries you? Then I can picture you not ever having an ATM card or a credit card as that will be hackable according to your logic. 
There probably is going to be a 2FA and/or a pin code when using a bitcoin debit card. We're all about safety and security here.Having a bitcoin and cryptocurrency app is much better for me. Since we have a modern technology now, tap can be used and is more convinient with swipping. We can also transact via qr code thru our mobile phones which we always have. A card is good, but an app is better. Both can be stole anyway.
Yeah, but an app comes with a phone which already costs you a lot of money even when they weren't able to get your coins. Not everyone puts password in their phone. Not everyone puts password in their bitcoin apps. With a card, it will probably have a pin code since it doesn't make sense to not have it.Bitcoin itself is like mastercard. You carry your wallet with you, which is your phone or laptop and you buy whatever you want using your coins which you are giving away from your wallet. So, I honestly don't see the reason behind making another card for that reason.
Probably so that we will be able to swipe our cards to scanners and be able to pay with our bitcoins with whatever we are buying. The total will be converted into how much is it in bitcoins and that will be the amount that will be deducted to your card.It is easy to say it but very difficult to understand the process. If a mastercard is allowed for you to spend your Bitcoin, then a central authority will issue the card who will also have the authority to track your usage and all the details about your coins. This will not only invade your privacy but also make the decentralized feature of BTC useless.
Exactly, but whenever you're using an exchange, that creates centralization right away. Even online wallet creates centralization. There are small circles of centralization happening and people don't really realize that it's happening. They think that bitcoin is decentralized but it's only the ones that aren't in any institutions or third-party wallet/companies. 
of course, Mastercard is very supportive of the development and innovation of bitcoin, I think we will find mastercard bitcoin in the future, mastercard bitcoin will compete with debit cards, and other fiat transaction cards.
bitcoin mastercard will also be very helpful for our transactions.
bitcoin mastercard will also be very helpful for our transactions.
IS this possible to make bitcoin mastercard.
Mastercard is very helpfull for giving payment.
We can carry it in anywhere.
Is this possible world wide it will show his power.
ITS JUST MY OPINION.
Mastercard is very helpfull for giving payment.
We can carry it in anywhere.
Is this possible world wide it will show his power.
ITS JUST MY OPINION.
a few days ago, I found a video from LinkedIn about using several types of credit cards and making it in one card form. so that the barcode can be replaced depending on our needs at the time, the appearance of its use is more or less like hardware wallet but its shape is like a credit card in general, so I think the use of Bitcoin Mastercard might be achieved
Several companies have offered bitcoin debit cards over the last few years, but one by one the banks that were issuing them cancelled them. The banks that issue them get pressured by the governing authorities of wherever they’re domiciled to enforce all KYC & AML procedures on the cardholders. I guess having a bitcoin credit or debit card as a cool novelty item is ok, but it doesn’t solve any new problems if it’s the same as having a centrally controlled bank account.
I guess a company named Graft did something very similar to this MasterCard/visa thing for paying money and similar stuff. Graft also had a signature campaign running here. But I would really prefer such ICOs than Mastercard and all because it is again like giving authority to banks or any central authority.
https://www.graft.network/
https://www.graft.network/
IS this possible to make bitcoin mastercard.
Mastercard is very helpfull for giving payment.
We can carry it in anywhere.
Is this possible world wide it will show his power.
ITS JUST MY OPINION.
Mastercard is very helpfull for giving payment.
We can carry it in anywhere.
Is this possible world wide it will show his power.
ITS JUST MY OPINION.
Well it can be done, but you should not do it, as this will defy bitcoins main purpose of existence i.e. freedom from centralised organisations. If you were to make a Visa card, you would basically hand over the control of bitcoins over a centralised organisation what good would that do to you, well it's true you can carry your card anywhere, but same is true in the case of bitcoins.
Also there were some people who have tried it, but they have spectacularly failed, and those who brought it were scammed too, think twice before you ever buy or consider this.
From a utility standpoint, bitcoin is one of the most usable currency. It is a new form of economy linked with the modern technology and its net work systems are very strong..Bitcoin can be used as an investment tool, for the day trading,for the local and international shopping,and for utility bill payment etc...
I think it's possible, but it doesn't make sense now. The prices in the stores are expressed in dollars and then this card will just convert bitcoins to dollars. This makes no sense until there are no shops with prices in bitcoin.
How come it doesn't make sense?
There are not a lot of merchants who accept Bitcoin so Bitcoin debit cards make spending Bitcoin much more easier. Yes, Bitcoin is converted to fiat currency you desire but that it's inevitable and I don't see problem in that.
People, like you have never heard of Bitcoin debit cards? There already exist Bitcoin Master cards, like Mistertango, but they are only debit not credit.
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I think it's possible, but it doesn't make sense now. The prices in the stores are expressed in dollars and then this card will just convert bitcoins to dollars. This makes no sense until there are no shops with prices in bitcoin.
Bitcoin master card is not good because bitcoin is decentralized currency and peoples love this because no one can track their bitcoin transaction now some financial services providing bitcoin master and visa card but this is not official authority so no one can say how long time this services run. if authorized banks are providing these type of cards and peoples spend their bitcoins than their transaction will be traceable, now no one can trace any small and bulk bitcoin transaction on blockchain network and peoples love it.
I think better to call this card as Bitcoin Debit Card where it is loaded with bitcoins and can be use in payment or withdraw fiat money from your bitcoin in an ATM. There are some bitcoin debit cards already out in the cryptocurrency industry. Although there are difficulties in the process since bitcoin usage is not yet mainstream. Limitation in its transactions. Another difficulty is that third parties issuing the debit cards. These process put your bitcoins vulnerable to theft. Total security haven't set yet.
The purpose of BTC was to make the lives of the people easier. If a BTC master card gets emerged, then the rich will again get the power which is the complete opposte of the purpose of the coin.
Well if mastercard will just be a bridge for us Bitcoin users to be able to make purchases with BTC using standard terminals in stores, it won't give them power over BTC, they will earn some provision from it and that's all.
I don’t think it is relevant to the purpose of the bitcoin or crypto currency. The purpose of using crypto currency is to reduce the government influence from the currency usage. If bitcoin gets associated with master card then government will have the chance to regulate your crypto coins.
Whatever you are thinking right currently is originating from the inward desire you make progress toward, however, I trust it will require investment to get in that position. Since bitcoin is steadily getting acknowledgment from such a large number of nations. One day it will most likely gain the smoothness of exchange anyplace in this world. We as a whole need to remain cheerful for that.
It will not be reliable for the users. They want their bitcoins to be private and no one can look over them by any means. If bitcoin associate with master card then it will lose its decentralize form and government will regulate the coins.
Whatever you are thinking right now is coming from the inner expectation you strive for, but I believe it will take time to get in that position. Because bitcoin is gradually getting acceptance from so many countries. One day it will surely gain the smoothness of transaction anywhere in this world. We all need to stay hopeful for that.
While using bitcoin or any other crypto currency you want to have decentralized currency market where no one is regulating you for your transactions or expenses. If you merge bitcoin with master card then government will have the authority to look over your coins.
One reason Bitcoin appeared was to wrest the control of cash far from a focal specialist. For what reason would you energetically give it back?! This is nonsensical. I know it's tough to get your payment done smoothly with cryptocurruency but you have to understand that it makes them be differentiated from the fiat.
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