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.
Topic: Bitcoin mastercard - page 7. (Read 1962 times)
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.
I think it would be superfluous for us but fuck master card it will be profitable at the expense of the Commission ! We do not need it because we can withdraw money to a payment system that works with master cards.
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.
It's one of the main reasons we want to use bitcoin, to get rid of these centralized scammers.
If this ever happens, then Bitcoin should not be the only one crypto being adopted by this. People should have a variety of choices, what to spend on their expenses.
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.
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.
Why would you need master card when you can just transfer the coin using you mobile wallet. I don't think there is much difference. Rather people would definitely love to use their mobile phone which they usually don't forget to keep with themselves whereas we often forget to carry our credit/debit/mastercards.
I don't thing Mastercard or VISA should take part in this. There are projects that already want to secure this area like TenX. Let the decentrlaised apps take care of decentralised money.
No it is not impossible to issue a Bitcoin mastercard but if that happens, then you are just willingly giving away the control of your expenditure and record of your expenses to another third party like banks. People trust Bitcoin because of it's decentralized nature and by issueing a card, I don't think a scene will be helped.
It seems difficult to use btc mastercard because some people will not be able to accept, it is difficult to exchange in the bank. If the card is lost then it is difficult to take care of it. Better bitcoins are exchanged through existing exchanges.
I think this is not really good because it will not allow bitcoin to change the fiat system and will slow the market.
From my own particular view this is certainly not a smart thought and this will make some issue in this market since this isn't the real motivation behind bitcoin and there will be contrast between poor people and the rich which isn't appropriate for bitcoin advertise
In that case, a central regulatory authority would be needed and this is in a total contradiction with the idea with which the BTC was created, decentralized digital currency without a central bank or single administrator.
Why Mastercard? It's better to create a new payment system that would use bitcoin with all its advantages. And to make so that it is possible to make payment of all basic services through this system.
I agree, a payment system like you mentioned would be much better, and useful, now and in the log run
I think bitcoin MasterCard will logical inconsistency the targets of the bitcoin. Bitcoin is here with a fantasy to find the impact of conventional framework to give more protected and dependable framework. However, you will have the capacity to appreciate this advantage with bitcoin additionally in future.
Yes you can, but not directly change from bitcoin into mastercard form, right now we can see that many developer of a project that make it real to makes your bitcoin and other cryptocurrenices is work using a card (visa or mastercard) maybe after they do some research and testing we can use it daily
I think it can't be applied at this time, for the transaction it's very complicated because mastercard must first convert the existing bitcoin / will be used in local currency. While the ownership of bitcoin is not on behalf of people but based on complicated codes so that it cannot be applied at this time, but for the future it is very possible.
In the end, in your scheme you will be charged a fee. You also cannot avoid the Bitcoin conversion rate. However, you can increase the security of storing your Bitcoin funds and reduce unnecessary costs.
You are to open an online wallet with a Bitcoin card provider service and save your Bitcoin that has been obtained there. You don't need to worry about security because all your Bitcoin can be stored in a safer wallet. Another advantage of the second scheme is that there is no transaction between your Bitcoin wallet and a Bitcoin wallet that is connected to a Bitcoin card and, therefore there are no additional fees in this step.
You are to open an online wallet with a Bitcoin card provider service and save your Bitcoin that has been obtained there. You don't need to worry about security because all your Bitcoin can be stored in a safer wallet. Another advantage of the second scheme is that there is no transaction between your Bitcoin wallet and a Bitcoin wallet that is connected to a Bitcoin card and, therefore there are no additional fees in this step.
the idea is good, the problem is that mastercard is already an intermediary and cryptocurrencies seek to avoid them.
Actually there is already a bitcoin debit card, one of which is Loadoo. To get an ATM from Loadoo is also quite simple and easy because it only needs to load Loadoo without requiring ID verification so anyone can have this Bitcoin ATM. In addition to guaranteed security, in Loadoo there are several options for deposit and withdrawal payment methods that make it easier for users of course.
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