Topic: Credit card for bitcoin users - page 2. (Read 752 times)
Giving credit card will involve the banks and involving the bank will also involve fees,It is not a good idea it should be lift the way it is.
It wont work in the future , crediting is a debt so if we borrow money on it and paid in bitcoin basis it would be a lot more predictable because of bitcoins volatility. example todays bitcoin value is $7000 dollars and credited it to your atm then tomorrow bitcoin increases to $7500 , it would be a lot to paid than you borrowed.
Would you agree if they will release a credit cards for all btc users . I think it can help alot to make transaction fast and also btc will be famous if that happens
i don't think this is a good idea because i am thinking about the fee which we should pay. beside that, for me i don't want to use credit cards because i am too afraid for the fee and i am thinking about how can i paid the money for that credit cards. i'd rather use debit card than credit card because i think its more safe for me.
yes credit card should be there for bitcoin because the person can use the bitcoin and then he can earn the bitcoin through the campgne and can be setteld for what he had spended
More like a bitcoin card i think that would be pretty cool this way you can directly pay in stores with your bitcoins but the stores should accept bitcoin and your country should also accept bitcoin to make this work but it is a good idea.
May be it is cool to spend BTC in shops but don't forget about BTC comissions) BTC transaction fees for several buyings will be cost up to 50$
More like a bitcoin card i think that would be pretty cool this way you can directly pay in stores with your bitcoins but the stores should accept bitcoin and your country should also accept bitcoin to make this work but it is a good idea.
Would you agree if they will release a credit cards for all btc users . I think it can help alot to make transaction fast and also btc will be famous if that happens
I personally agree if the credit card is for btc. maybe it will be easier for transactions or cash withdrawals. but the problem is, is there any developers who can do that with the vulnerable that in fact the bitcoin fluctuates
I am not agree with this system, because it can take the value as example that i use this creditcard for amount transaction 0.1 BTC on 24th, Nov with the assumption current price 1 BTC at that time ($ 8,000). Later, coming this invoice bill at 24th, Dec, the price of bitcoins has increased by 1 BTC ($ 9,000), then the charge will swell.
It wont work and there it aint original anymore.
It is a loan and who will pay for it? I wont.
A company will not do that for bitcoin because there is not much who accepts it. Supermarkets, kiosk, known shopping stalls, none here in my country. Hell, even if i am in Japan i would not start that kind of business.
A debit might work because that is your own funds you are spending.
It is a loan and who will pay for it? I wont.
A company will not do that for bitcoin because there is not much who accepts it. Supermarkets, kiosk, known shopping stalls, none here in my country. Hell, even if i am in Japan i would not start that kind of business.
A debit might work because that is your own funds you are spending.
It may be a good idea to have bitcoin credit cards and stuffs, there should also be an ATM machine for bitcoin. Ooops i also saw some alternate coins that provides cards and stuffs, they do offer those kinds of services on their platforms, i think it is also good to have like that and as for me we could have use it anywhere else, and no need to worry carrying cash.
I assume you meant debit card. There already are companies that are doing that. What you need is research them and choose the card you consider most appropriate for you. There's an article on weusecoins that gave information on some of the companies and the cards they issue. Check them here: https://www.weusecoins.com/bitcoin-debit-cards/
It's just a matter of who will issue it first. I'd be one of the first one to get one. Founding member status, collectors' item, first issue...why not?
i agree it make us to withdraw easily anywhere anytime no more need to wait in withdrawals
Credit cards or any loan system in bitcoins wouldn't be a very good idea because how the price changes drastically within a small period of time. At the time you'd pay the loan, either you or the company lose more money. When the price increases, paying in btc would result in you paying more than what you originally loaned.
Its really good concept but for providing credit card its much required for KYC . Most of the credit card issued based on customer credit score (in my country ) . I am not sure about how the process will work . There is lots of lending platform as well as Crypto banks are happening hopefully soon credit card also will come .
Decentralization seems to be a solution and Graft Network is coming up with a decentralized payment processing network.
For credit card or loan in the traditional sense, some central authority has to be involved which defeats the purpose of decentralization.
For credit card or loan in the traditional sense, some central authority has to be involved which defeats the purpose of decentralization.
Very good idea . Bitcoin user credit card use btc sell and Buy.so credit card very important for Bitcoin user.
How will the user get a card and from where? And even if he gets one, there's high chance that the user will run away not repaying, unless there is some collateral involved.
It would be nice if we will have a credit card for bitcoin but the problem is that who will facilitate the loans and collection of bitcoin since bitcoin is centralized who will hold the fund? But anyway if this will happen many will be happy because they can have the opportunity to pay important things that they need to settle even if they don’t have money because bitcoin credit card will provide for them
Would you agree if they will release a credit cards for all btc users . I think it can help alot to make transaction fast and also btc will be famous if that happens
strongly agree today that already many projecks that use credit cards to become a deposit of our assets. enthusiasts from the projeck are also numerous
I would rather have some on a mobile wallet to allow me to pay using my phone rather than have an additional card in my wallet.
Hopefully in a few years time wallets will be completely obsolete. All of my money will be stored on the blockchain and I can pay for everything in cryptocurrency.
Hopefully in a few years time wallets will be completely obsolete. All of my money will be stored on the blockchain and I can pay for everything in cryptocurrency.
If there's a credit card for bitcoin, how could banks take % from you? There could be an option of taking % by creditors in any currency. But I think they would be accepting only BTC.
Bitcoin credit cards still don't exist, only debit card. So, you can't spend the coins that someone is crediting you but only your balance that you have. Maybe some day credit cards will also appear but that would mean that some credit institution should stay behind that card and take the risk. Since Bitcoin is profitable the question is how profitable would that be and how big would be the risk.
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