Can you use Bitcoin as a practical currency? - page 14.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: krafa on September 06, 2018, 10:13:55 AM

Hello All, I have a question.
If I want to use bitcoin as practical or daily currency then what should I do?
Is American express or VISA offer such kind of opportunity so far?
-snip-

You could get physical debit-card issued by wavecrest through different sites (like advcash). You could deposit using bitcoin and top up your card and use it anywhere starting from POS transactions to withdrawing money from atms. But sadly VISA and MASTERCARD cut ties with those companies that issue cards and only allows few selected issuers that are fully regulating their users (starting from KYC verification to region restriction).

waynechong1995

full member

Activity: 644

Merit: 117

swing!

It should be practical for stuff with higher price tag like electronics or pile of stock stuffs, still it wouldn't be that useful for purchasing pizza though considering the transaction speed and fee it required, it certainly is growing to be as should be with increasing number of merchants. If you have knowledge in how bitcoin works there's nothing fishy about owning and using it

Dudeperfect

hero member

Activity: 1190

Merit: 534

Things will definitely evolve over the period of time, as of now not even a single merchant in my city is accepting Bitcoin as a payment instrument. However, that doesn't mean Bitcoin is useless. I have to rely on online websites to spend my Bitcoins as I believe the movement is a growth. I am waiting for the day where we will be able to use Bitcoin even for the microtransactions because, in most of the cases, Bitcoin is not user friendly in case of microtransactions as most of the things of daily need are available at the price of Bitcoin transaction fee so why would someone pay excess amount if he can technically get it for free.

krafa

newbie

Activity: 31

Merit: 0

Quote from: Nayborksta on September 06, 2018, 10:23:40 AM

Visa, American Express and Mastercard are not offering payments with cryptocurencies, at least for now. You can make purchases with BTC online though in quite a lot of online stores. Just google them and you'll find it.

How you manage your BTC account? By using app or direct from coinbase?

Nayborksta

newbie

Activity: 62

Merit: 0

Visa, American Express and Mastercard are not offering payments with cryptocurencies, at least for now. You can make purchases with BTC online though in quite a lot of online stores. Just google them and you'll find it.

palle11

sr. member

Activity: 2366

Merit: 332

It depends on the physical that you are talking about. Naturally, you might not be able to handle bitcoin physically but can transact on it via the internet or through bitcoin ATM. You can as well buy whatever you want to buy using these means.

krafa

newbie

Activity: 31

Merit: 0

Hello All, I have a question.
If I want to use bitcoin as practical or daily currency then what should I do?
Is American express or VISA offer such kind of opportunity so far?
I am very excited to read something special here: https://reliable.cash/t/can-you-use-bitcoin-as-a-practical-currency/33
Specially these are amazing to me:

Quote

There are many reasons for bitcoin to be not used as a practical currency. Some are listed here.

Some users lack the infrastructure required to use bitcoin
Some users lack the knowledge required to use bitcoin
It will not be a good solution for day to day purchase
It takes time to process a transaction that is why it is not practical at all
Not many stores accept bitcoin as a payment either online or offline
Stability in pricing
Strong network infrastructure required for its payment to process

Now I want to purchase my Pizza using Bitcoin Cheesy

What do you think brothers?

Topic: Can you use Bitcoin as a practical currency? - page 14. (Read 1870 times)