Can Debit Cards & Visa Save Cryptocurrencies?

Flangler

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Quote from: prehisto on October 24, 2018, 06:30:18 AM

Quote from: ActAshton on October 23, 2018, 05:09:39 AM

Definitely. NEO apparently can process up to 5-10k tx's a second. Once we find a solution that can surpass VISA and other providers, there won't be a need for them. They're just convenient for the time being as far as purchasing anything.

There already is block-chains who can surpass VISAin their TXs number , but thats only the first step. Now how you will incorporate this is exsiting payment system?
Shops have CC POS not crypto POS and why they should spend money nd effort of adding crypto pos..

No there aren't any, Ziliqua is quite close but still it is no official, according to Visa devs, their system can maintain 50000 tx/s, ziliqua for example can do 10000tx/s.

Ponti

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I think soon XRP will save the whole world banking system. By the way it grew today 16%, a good sign before the take off to the moon.

Vanderbleek

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I think than Visa or Mastercard won't save crypto, because I thought they were against crypto currencies and tried to ban them. We have a lot of projects that are going to release a credit card that will be connected to your portfolio.

ActAshton

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Cobain of Crypto

And we've ended in a tie...

Overall summary: crypto debit cards WONT save cryptocurrency but it is an outlet for mass adoption.

Commander90

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To date, as far as I know visa cards and others can not store cryptocurrency. Even create projects that wanted to unite the cooperation, but nothing came of it

anthonytcm

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Quote from: Luke_Turner on October 23, 2018, 09:53:24 AM

My question is, does cryptocurrency even need saving in the first place? Cryptocurrency is doing fine on its own today, why does it need debit cards and VISA to "save" itself? I don't get it.

It's kind of a clickbaity term, but the sentiment behind it is to spark that feeling, for example when BTC first passed the $1k mark. Or when it hit $5k. $10k, and so on. It personally felt great, and it hints to that feeling, we all know it and we'd all like to see it happen again, mass adoption IS the way to go for people to realize how truly better can crypto become considering it's transparent.

So yes, crypto would be massively benefited from being able to be used in a similar fashion to regular cash, where you can just swipe to buy at most any place.

But that's my opinion!

Red-Apple

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first of all i do believe that if you understand the true nature of a cryptocurrency and the reason why bitcoin was created in first place then you can realize that there is absolutely no need for things like Debit cards and anything like them. they are in fact in defiance with bitcoin's model and anything that is following that philosophy.

secondly i'd say there is nothing in the whole world that can save a shitcoin if it is truly a shitcoin. and that is the problem that we are facing these days. there are just too many shitcoins without any reason to exist apart from pumps.

prehisto

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Quote from: ActAshton on October 23, 2018, 05:09:39 AM

Definitely. NEO apparently can process up to 5-10k tx's a second. Once we find a solution that can surpass VISA and other providers, there won't be a need for them. They're just convenient for the time being as far as purchasing anything.

There already is block-chains who can surpass VISAin their TXs number , but thats only the first step. Now how you will incorporate this is exsiting payment system?
Shops have CC POS not crypto POS and why they should spend money nd effort of adding crypto pos..

ActAshton

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Cobain of Crypto

Quote from: ivanleon on October 23, 2018, 12:36:38 PM

Quote from: Luke_Turner on October 23, 2018, 09:53:24 AM

My question is, does cryptocurrency even need saving in the first place? Cryptocurrency is doing fine on its own today, why does it need debit cards and VISA to "save" itself? I don't get it.

I think that cryptocurrency holders need convenient tools, thanks to which they will be able to spend their honestly earned coins or tokens with a minimum Commission. The adoption of cryptocurrency as a means of payment will contribute to its preservation.

I think it's convenient if you NEED to spend some coin if you get paid in crypto. It's good to be liquid in this case but BTC should remain labeled as a store of value

ivanleon

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Quote from: Luke_Turner on October 23, 2018, 09:53:24 AM

My question is, does cryptocurrency even need saving in the first place? Cryptocurrency is doing fine on its own today, why does it need debit cards and VISA to "save" itself? I don't get it.

I think that cryptocurrency holders need convenient tools, thanks to which they will be able to spend their honestly earned coins or tokens with a minimum Commission. The adoption of cryptocurrency as a means of payment will contribute to its preservation.

wxxyrqa

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Quote from: oioioi on October 23, 2018, 09:36:41 AM

of course not, more precisely not yet, for now only fiat can be stored on debit cards, because that is an official exchange tool in every country, and certainly not everyone who can use cryptocurrency like fiat that has been used by everyone

It seems to me that there is still a lot of unknown in this matter, because in reality there are certain difficulties for storing cryptocurrencies on plastic cards. I think that already a lot of projects are working on solving this problem.

ActAshton

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Cobain of Crypto

Quote from: YuginKadoya on October 23, 2018, 05:19:02 AM

Quote from: ActAshton on October 23, 2018, 05:04:20 AM

Quote from: Flangler on October 23, 2018, 04:04:29 AM

Definitely NO, What kind of benefits would people get from using combined Cryptocurrencies with VISA & Debit Card. NONE! This already exists, why should people replace already existing and working thing to new one ?

I don't think it would per-say "save" cryptocurrencies but there are tons of benefits attached to it. This is a key to mass adoption. It's another gateway to buy and sell crypto assets and spend them in places where they don't accept crypto. I've personally only been able to buy goods in a few places and they are usualy cafes. One time at a sushi place called Thai, How are u in Austin, TX (HIGHLY recommend!)

I sure agree that it really doesn't have any priorities to really save cryptocurrency but it has something that can make it more in demand to the public that is well known to credit cards and visa's, I really think this is the time to let them see the usefulness of bitcoin and other cryptocurrencies, And we might find a way in making them interested with Cryptocurrency.

This guy gets it ^ people know the wave back in December saying stuff like "bro u herd of bitcorn makin tons of dollarz" but didn't want to get involved because they didn't understand the underlying tech. so now that we have something that is a widely used commodity like debit cards. why not start getting them in from there? plus, you can load these with fiat right and get CRYPTOBACK. perfect way to get involved but thats just me

Luke_Turner

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My question is, does cryptocurrency even need saving in the first place? Cryptocurrency is doing fine on its own today, why does it need debit cards and VISA to "save" itself? I don't get it.

oioioi

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of course not, more precisely not yet, for now only fiat can be stored on debit cards, because that is an official exchange tool in every country, and certainly not everyone who can use cryptocurrency like fiat that has been used by everyone

jouns

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I think that cash and cryptocurrency can not coexist together. If cryptocurrencies will be using for purchases, then fiat money will have to disappear and VISA will be replaced one day by a new blockchain platform that will have greater scalability. My answer is No.

Nisharawal

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I am no stable coin. to the mooonn.. and back

How much users should there be for mass adoption? IF those cards start supporting crypto, there would be massive bullrun again.. but it doesn't give mass adoption of the crypto still. Im sure i will use it and you too but your neighbours dont give a sh*tt about crypto. Bullrun take prices 1000% up within months.. but mass adobtion takes much longer.. way too long so there will be nice bubble and burst and it actually creates even more suspicion about cryptos for ordinary people Cheesy

Rati24

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Yes, I love the convenience and accessibility. Yes, these cards want to have more and more. Recently, people use more debit cards than cash. It is better to take along a light card than to take along a thick wallet that does not go anywhere. The future for such cards, I am sure.

YuginKadoya

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Quote from: ActAshton on October 23, 2018, 05:04:20 AM

Quote from: Flangler on October 23, 2018, 04:04:29 AM

Definitely NO, What kind of benefits would people get from using combined Cryptocurrencies with VISA & Debit Card. NONE! This already exists, why should people replace already existing and working thing to new one ?

I don't think it would per-say "save" cryptocurrencies but there are tons of benefits attached to it. This is a key to mass adoption. It's another gateway to buy and sell crypto assets and spend them in places where they don't accept crypto. I've personally only been able to buy goods in a few places and they are usualy cafes. One time at a sushi place called Thai, How are u in Austin, TX (HIGHLY recommend!)

I sure agree that it really doesn't have any priorities to really save cryptocurrency but it has something that can make it more in demand to the public that is well known to credit cards and visa's, I really think this is the time to let them see the usefulness of bitcoin and other cryptocurrencies, And we might find a way in making them interested with Cryptocurrency.

ActAshton

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Activity: 215

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Cobain of Crypto

Quote from: CuriousGeorge on October 23, 2018, 04:34:19 AM

Quote from: Vispilio on October 23, 2018, 04:12:52 AM

This question reveals a deep lack of understanding of the spirit and philosophy of cryptos.

Traditional banking instruments can even become obsolete or at least far less important as soon as Crypto Currencies resolve the scalability question, which is only a matter of time.

Remember VISA has up to 24k TPS. That's why a lot of crypto platforms are trying to create more and more platform that adopt huge scalability to make their coin can be used as an alternative system to the VISA payment, it's not about the scalability but it's about crypto developer is thinking to replace the VISA itself.

Definitely. NEO apparently can process up to 5-10k tx's a second. Once we find a solution that can surpass VISA and other providers, there won't be a need for them. They're just convenient for the time being as far as purchasing anything.

ActAshton

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Cobain of Crypto

Quote from: Flangler on October 23, 2018, 04:04:29 AM

Definitely NO, What kind of benefits would people get from using combined Cryptocurrencies with VISA & Debit Card. NONE! This already exists, why should people replace already existing and working thing to new one ?

I don't think it would per-say "save" cryptocurrencies but there are tons of benefits attached to it. This is a key to mass adoption. It's another gateway to buy and sell crypto assets and spend them in places where they don't accept crypto. I've personally only been able to buy goods in a few places and they are usualy cafes. One time at a sushi place called Thai, How are u in Austin, TX (HIGHLY recommend!)

Topic: Can Debit Cards & Visa Save Cryptocurrencies? (Read 324 times)