Btw my debit card has $0 annual fee and it costs $0 to be issued
Topic: Bitcoin+Paypal=death of fiat - page 2. (Read 2979 times)
Hamuki I challenge you to do your grocery shopping every day for a week with your Xapo debit card and I will do mine with my bank debit card and at the end of the week we will compare who has spent more on colossally stupid fees and I am 101% sure that would not be me. We are all Bitcoin users but don't be overzealous over Bitcoin please.
Btw my debit card has $0 annual fee and it costs $0 to be issued
Btw my debit card has $0 annual fee and it costs $0 to be issued
Fiat will continue to exist no matter how popular Bitcoin becomes. I don't understand why people still believe it will happen. Why can't people think in terms of a peaceful collaboration of Bitcoin and fiat. They need each other, where Bitcoin is the one with the bigger need for the other.
Why not ? I can list out 100 advantages as compared to fiat when it comes to Bitcoins. Peaceful Collaboration of Bitcoin and Fiat is used for "Money Laundering" in the worst cases.Also there is no point in having a Barter system,you take my coins I will take your fiat stuff.Stability and Standards are very much important if we are seeking to completely replace fiat.I know it will take ages but its not impossible as you've put it.Tell me,what in the world you can't buy with bitcoins today ? Shows enough resemblance of fiat take over.
You can buy practically anything with Bitcoin, yes, if you have a certain debit card as xapo. But think about what happens in the back ground with the Bitcoins. They will get converted to fiat as soon as some one makes a purchase. They will get converted to fiat as soon as they withdraw their money via a fiat only ATM. All that is possible because the coins get converted to fiat directly.
Fiat in a way is not paper money put USD and other currencies, You are using USD when using the xapo debitcard and PayPal not paper but digital USD transactions IMO.
Exactly that, if it's not pure bitcoin payment , it's still fiat transaction. And in my eyes paypal will always be fiat, as they are having more than enough profit the way it is now,
don't see any btc implementation anytime soon. Either way, fiat will never die out, but that doesn't mean bitcoin wont rise high and above, but it will always be symbiotic relationship with fiat.
I think that is a great combination. If we get rid of fiat cash and replace with bitcoin and its integration with paypal, there will be less money laundering.
Fiat in a way is not paper money put USD and other currencies, You are using USD when using the xapo debitcard and PayPal not paper but digital USD transactions IMO.
Xapo debitcard is based on USD and you are using USD to exchange, PayPal is also using USD... Paper money also is still necessary maybe not regularly but once in a while.
If someone wants that person can easily live using PayPal and a debitcard "in your case being funded by BTC using xapo", Generally physical pocket money is not that necessary anymore since you can buy everything with debitcards.
You guys do know that those are xapo fees, the Bitcoin debit card OP uses, correct?
Normal bank debit cards, like mine, for instance, have none of those. Oh, and my CC actually gives me perks for using it (and it also fronts me money, as in free loan).
So your beef's with OP. Paying through the nose for what us mundanes get for free.
Normal bank debit cards, like mine, for instance, have none of those. Oh, and my CC actually gives me perks for using it (and it also fronts me money, as in free loan).
So your beef's with OP. Paying through the nose for what us mundanes get for free.
Normal credit cards give you perks, but they do charge the merchant 2-3% for the convenience. The argument is that merchants should recognize the advantages that bitcoin gives them and pass on a portion of the savings back to the customers. That may make up for the charges currently levied by Xapo.
But merchants don't get any advantage from Xapo, no savings, zip.
That's why they give no discounts.
Merchants never interact/know about BTC, that's the whole point of prepaid cards like Xapo.
To the merchant, Xapo's just a dicey off-brand CC. Merchants don't know/care what your card is funded with. Bitcoins or BTCeanie BTCabies -- 'long as they get paid in regular filthy fiat toilet paper, they're good
I got a xapo debit card because i earn Bitcoins for living and it allows me to use my wallet instantly everywhere. It was a big revolution in my life because i am not under any bank bs anymore. The second factor for me is Paypal: i use it with all my international customers and yeah...i put gasoline in my car with Paypal too! Now...now...if only that formerly xapo guy is really in some Paypal button room and is really doing his job....i think if that happens would be a massive run from fiat all over the world...whatcha think?
that's great if you are free to use your wallet instantly. but if you think because you aren't no longer under any bank, it will kill fiat, then I say, you're wrong mate. you need more to do that. even you need very long time 
I think the governments will never allow that to happen. fiats may decrease in value, but won't die entirely.
+1
if the fiat dies, then so do the bitcoin. bitcoin is basically traded with fiat value, without the fiat, then how should we trade bitcoin online?
paypal is reversible but easier to take a check if someone is laundering.
You guys do know that those are xapo fees, the Bitcoin debit card OP uses, correct?
Normal bank debit cards, like mine, for instance, have none of those. Oh, and my CC actually gives me perks for using it (and it also fronts me money, as in free loan).
So your beef's with OP. Paying through the nose for what us mundanes get for free.
Normal bank debit cards, like mine, for instance, have none of those. Oh, and my CC actually gives me perks for using it (and it also fronts me money, as in free loan).
So your beef's with OP. Paying through the nose for what us mundanes get for free.
Normal credit cards give you perks, but they do charge the merchant 2-3% for the convenience. The argument is that merchants should recognize the advantages that bitcoin gives them and pass on a portion of the savings back to the customers. That may make up for the charges currently levied by Xapo.
what advantage yu got from xapo debit card?it can used for any store which dont accept bitcoin?
Yes, like for example mine bitcoins (or earn bitcoins the way you used to) > have them deposited in your xapo bitcoin address > have them instantly (well after 6 network confirmations) available to spend for fiat on your xapo debit card...smooth enough isnt it?
And yes i agree with you: fiat will exist for long big time, prolly forever but still i call myself one of pioneers making a live with bitcoins and rely 100% over my bitcoins income (yeah i still have to pay taxes using fiat...that's not my fault that's some governance being retard...)
Lol, if my debit/credit card had these fees, I'd switch to BTC 4sure
Exactly it is this kind of these which will make creditcard companies lose more users every day. These fees are ridiculous.
But the combination or paypal and bitcoin will not kill fiat. There demand for fiat is huge.
it's an endless cycle, they keep losing customers = they increase the fee = result in losing more customers
usually this happen when there are many services offering the same thing, it will diluite the distribution of customers using that service
You guys do know that those are xapo fees, the Bitcoin debit card OP uses, correct?
Normal bank debit cards, like mine, for instance, have none of those. Oh, and my CC actually gives me perks for using it (and it also fronts me money, as in free loan).
So your beef's with OP. Paying through the nose for what us mundanes get for free.
what advantage yu got from xapo debit card?it can used for any store which dont accept bitcoin?
Yes, like for example mine bitcoins (or earn bitcoins the way you used to) > have them deposited in your xapo bitcoin address > have them instantly (well after 6 network confirmations) available to spend for fiat on your xapo debit card...smooth enough isnt it?
And yes i agree with you: fiat will exist for long big time, prolly forever but still i call myself one of pioneers making a live with bitcoins and rely 100% over my bitcoins income (yeah i still have to pay taxes using fiat...that's not my fault that's some governance being retard...)
Lol, if my debit/credit card had these fees, I'd switch to BTC 4sure
Exactly it is this kind of these which will make creditcard companies lose more users every day. These fees are ridiculous.
But the combination or paypal and bitcoin will not kill fiat. There demand for fiat is huge.
it's an endless cycle, they keep losing customers = they increase the fee = result in losing more customers
usually this happen when there are many services offering the same thing, it will diluite the distribution of customers using that service
what advantage yu got from xapo debit card?it can used for any store which dont accept bitcoin?
Yes, like for example mine bitcoins (or earn bitcoins the way you used to) > have them deposited in your xapo bitcoin address > have them instantly (well after 6 network confirmations) available to spend for fiat on your xapo debit card...smooth enough isnt it?
And yes i agree with you: fiat will exist for long big time, prolly forever but still i call myself one of pioneers making a live with bitcoins and rely 100% over my bitcoins income (yeah i still have to pay taxes using fiat...that's not my fault that's some governance being retard...)
Lol, if my debit/credit card had these fees, I'd switch to BTC 4sure
Exactly it is this kind of these which will make creditcard companies lose more users every day. These fees are ridiculous.
But the combination or paypal and bitcoin will not kill fiat. There demand for fiat is huge.
PayPal = Fiat processor
Bitcoin = cryptocurrency
Bitcoin = cryptocurrency
what advantage yu got from xapo debit card?it can used for any store which dont accept bitcoin?
Yes, like for example mine bitcoins (or earn bitcoins the way you used to) > have them deposited in your xapo bitcoin address > have them instantly (well after 6 network confirmations) available to spend for fiat on your xapo debit card...smooth enough isnt it?
And yes i agree with you: fiat will exist for long big time, prolly forever but still i call myself one of pioneers making a live with bitcoins and rely 100% over my bitcoins income (yeah i still have to pay taxes using fiat...that's not my fault that's some governance being retard...)
Lol, if my debit/credit card had these fees, I'd switch to BTC 4sure
what advantage yu got from xapo debit card?it can used for any store which dont accept bitcoin?
Yes, like for example mine bitcoins (or earn bitcoins the way you used to) > have them deposited in your xapo bitcoin address > have them instantly (well after 6 network confirmations) available to spend for fiat on your xapo debit card...smooth enough isnt it?
And yes i agree with you: fiat will exist for long big time, prolly forever but still i call myself one of pioneers making a live with bitcoins and rely 100% over my bitcoins income (yeah i still have to pay taxes using fiat...that's not my fault that's some governance being retard...)
I got a xapo debit card because i earn Bitcoins for living and it allows me to use my wallet instantly everywhere. It was a big revolution in my life because i am not under any bank bs anymore. The second factor for me is Paypal: i use it with all my international customers and yeah...i put gasoline in my car with Paypal too! Now...now...if only that formerly xapo guy is really in some Paypal button room and is really doing his job....i think if that happens would be a massive run from fiat all over the world...whatcha think?
what advantage yu got from xapo debit card?it can used for any store which dont accept bitcoin?i dont think fiat will death because bitcoin and paypal,fiat will always exist,so many people need it very long time.
Well paypal may had the vision ,soo they hired the ceo of xapo to make paypal better and became the first to support bitcoin as they cant fight back they should workt together,for sure it would make the market act and react on the same moment the news comes saying paypal will work with bitcoin.
You know what, I am hoping for a time when you wouldn't even need to rely on these bitcoin debit card services, because they're still more like a bank, anytime you use them, you pay a little fee, even to load them you're charged and the money which is in that debit card is under their control, they can seize it if they want to.
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