Topic: Blockchain wallet will allow credit and debit card funding (Read 2804 times)
Somebody from UK has tested the new feature? It is live?
I'm in Europe, but I don't have the credit card option yet.
This is certainly good news for me. It's another step in making acquisition of bitcoins easier.
Only thing is, they would definitely come with added TOS. And more verification.
Another interesting thing to know is how about the withdrawal of funds to credit/debit cards? I wonder when they'd implement that.
Only thing is, they would definitely come with added TOS. And more verification.
Another interesting thing to know is how about the withdrawal of funds to credit/debit cards? I wonder when they'd implement that.
I don't think that this news is too bad.
From all I understand it's a partnership between coinify and blockchain.info, at least for the moment.
I suppose that the coins are still bought with coinify but then immediatelly transferred to the blockchain.info wallet.
As long as I am not forced to combine my wallet with a credit card I'm fine with that.
It is also mentioned that coinify is just the first of multiple partners to be announced over the coming months.
So there is coming more like this in the future.
From all I understand it's a partnership between coinify and blockchain.info, at least for the moment.
I suppose that the coins are still bought with coinify but then immediatelly transferred to the blockchain.info wallet.
As long as I am not forced to combine my wallet with a credit card I'm fine with that.
It is also mentioned that coinify is just the first of multiple partners to be announced over the coming months.
So there is coming more like this in the future.
I think is good news not bad news
because if can funding use credit card and debit card, blockchain to develop in bussines
so if blockchain can take profit the next feature blockchain can develop and added to new good feture
I don't think that this news is too bad.
From all I understand it's a partnership between coinify and blockchain.info, at least for the moment.
I suppose that the coins are still bought with coinify but then immediatelly transferred to the blockchain.info wallet.
As long as I am not forced to combine my wallet with a credit card I'm fine with that.
It is also mentioned that coinify is just the first of multiple partners to be announced over the coming months.
So there is coming more like this in the future.
From all I understand it's a partnership between coinify and blockchain.info, at least for the moment.
I suppose that the coins are still bought with coinify but then immediatelly transferred to the blockchain.info wallet.
As long as I am not forced to combine my wallet with a credit card I'm fine with that.
It is also mentioned that coinify is just the first of multiple partners to be announced over the coming months.
So there is coming more like this in the future.
At first I was reading this topic and my first impression was great and wondered like others if you could then withdraw the same way.
After thinking about it, I realized this is actually a very bad thing to happen. We will not be turning back once implemented and banks will either start locking peoples accounts or blockchain will comply with all the rules in order to achieve this feature.
Really do not see the anon aspect being allowed in this manner, which means blockchain has already thought this through and have their ducks in a row.
With so many using this as their main or only wallet, we are in trouble!
After thinking about it, I realized this is actually a very bad thing to happen. We will not be turning back once implemented and banks will either start locking peoples accounts or blockchain will comply with all the rules in order to achieve this feature.
Really do not see the anon aspect being allowed in this manner, which means blockchain has already thought this through and have their ducks in a row.
With so many using this as their main or only wallet, we are in trouble!
The most used bitcoin wallet - Blockchain - has lauched a new feature (it is in beta stage for UK users and it will roll out across the Eurozone in the next weeks): will allow users to fund their balances directly with credit and debit cards.
The new feature is possible after a partnership between Blockchain and Coinify.
What is your opinion about this?
is good news can blockchai.info
can funding use credit and debitcard, but the next time can withdraw use debit and credit card too or not
but only funding withdraw not support i think is bad
and support wire transfer in banking too is very good
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1. They might change their ToS and include some drastic changes to limit people's freedom.
1. They might change their ToS and include some drastic changes to limit people's freedom.
If that ever happens , It could lead to a disaster. I fair the worst , the same thing that happened to Coinbase with IRS could happen here If It's not done right , that's for sure.
but the problem with involvement of fiat is that they will start needing users to verify their identity and submit their documents and eventually turn away some users.
It is unfortunately inevitable change, as long as you are dealing with FIAT financial services then you have to be ready to give up some of your privacy.What is a little surprising for me is when people seems to not not care about giving all their personal information to banks and refusing to do this in case of bitcoin exchange.
I understand that is because bitcoin exchanges are not so deeply rooted in legal system and history showed that their security system might be flawed AF.
Still I think that blockchain.info will be one of the few services I will trust with this.
that's true that for this good feature user have to sacrifice his privacy but those users will not care who want to change his Fiat money to growing asset ( Bitcoin).
but the problem with involvement of fiat is that they will start needing users to verify their identity and submit their documents and eventually turn away some users.
It is unfortunately inevitable change, as long as you are dealing with FIAT financial services then you have to be ready to give up some of your privacy.What is a little surprising for me is when people seems to not not care about giving all their personal information to banks and refusing to do this in case of bitcoin exchange.
I understand that is because bitcoin exchanges are not so deeply rooted in legal system and history showed that their security system might be flawed AF.
Still I think that blockchain.info will be one of the few services I will trust with this.
The most used bitcoin wallet - Blockchain - has lauched a new feature (it is in beta stage for UK users and it will roll out across the Eurozone in the next weeks): will allow users to fund their balances directly with credit and debit cards.
The new feature is possible after a partnership between Blockchain and Coinify.
What is your opinion about this?
I believe as long as they are not turning into a centralized wallet forcing out some users this can be a good news. because it is a good way of buying bitcoin easily and receiving it in a web wallet which you control the private keys.
but the problem with involvement of fiat is that they will start needing users to verify their identity and submit their documents and eventually turn away some users.
I read about this yesterday on Coindesk . I think It's pretty good as they have millions of users and this should give users (most new ones who don't know about much BTC) a faster way to buy bitcoin instead of using other third party services. If they only started in the U.K I'm pretty sure It's going to be restricted in some countries even after the Beta stage which is kinda sad , hopefully the fees aren't much too.
You got it pretty right here. It could be pretty neat feature - with more than 8 millions wallet created they have huge user base.But there are things I fear:
1. They might change their ToS and include some drastic changes to limit people's freedom.
2. Fees with service like this might be high. General idea - easier it is to acquire bitcoin the higher the fees are usually.
Wouldn't they require personal information and id verification like other exchanges do, for anti-money laundering and anti-fraud purposes?
I hope they'll still allow the old anonymous wallet works as usual, with no need of identification and stuff, and with an alternative tor service too
I hope they'll still allow the old anonymous wallet works as usual, with no need of identification and stuff, and with an alternative tor service too
Recently found this about coinbase https://bitcointalksearch.org/topic/coinbase-asked-to-provide-info-from-2013-2015-to-irs-so-far-they-are-hedging-1685768
If blockchain start to accept credit and debit card funding they may also compromise user privacy just like now coinbase have to.
This feature may sound good but its not good for anonymity and privacy of customers on long run.
If blockchain start to accept credit and debit card funding they may also compromise user privacy just like now coinbase have to.
This feature may sound good but its not good for anonymity and privacy of customers on long run.
I recently answered a survey about blockchain wallet which is made by them, they want to know users' opinions about many features they want to add for the wallet, I remember there was a question about this feature. No doubt blockchain is the best online wallet and allowing credit cards funding will give them new advantage.
The most used bitcoin wallet - Blockchain - has lauched a new feature (it is in beta stage for UK users and it will roll out across the Eurozone in the next weeks): will allow users to fund their balances directly with credit and debit cards.
The new feature is possible after a partnership between Blockchain and Coinify.
What is your opinion about this?
This sound more like blockchain wallet is also going to be server based rather than client based over few months after they will make this global and also add trading platform just like coinbase. This may also force them to have KYC policy and may require verification system to be added, which for sure gonna hurt lots of their users. I will also stop using them if they start verfication or any limitation just like coinbase has.
If someday they need us to provide our identity for KYC purpose, i think i will stop using their service, however enabled card funding feature it will help their user to buy bitcoin though it's only in UK.I like when the online wallet never request ID or documentation from their clients, the privacy is my first priority. Hoping blockhain never gonna be another coinbase.
this is very good mostly because there soon will be no need for services like coinbase and blockchain.info is a lot better because you own the private keys so you are one step safer compared to coinbase.
Good news, very nice hear about it. I always use web wallet from the blockchain.info, and until now have never encountered a problem. I think the wallet from blockchain.info is very good and full secure. While now, I'm not interested to trying other wallets.
This will be one of the biggest move from blockchain and may appear as direct strong competitor for coinbase. Will be looking forward for them to start allowing this option as global service.
Pretty much whatever makes adoption rates bigger and makes it easier for people to buy Bitcoin is a good thing. Now it will depend on fees... Something tells me they won't be light, but we'll see. Still an easy and quick way for people to buy Bitcoins (with the lack of anonymity associated with it, but that's for each one of us to consider).
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