Spend Bitcoin as Fiat from Phone? | Bitcointalksearch.org

Baofeng

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Yes, in my country you can use an app as a wallet and also to buy certain certain digital goods such as load for your SIM Card. What's more beneficial is you can get a rebate from your bought load. It plays around 10% rebate so it is really worth the buy. You can also pay all sorts of bills in it, not just electricity but also all utilities such as for your ISP or Water company. It is really convenient in fact that Bitcoin is getting more popular than ever.

Maybe you are talking about coins.ph mate. Its really convenient and we are happy that they have support for the paying bills like internet, water and electricity. I have used that functions as well and its very convenient to us.

But as far as the OP's questions, Yes, there are really wallets that do support that function. However, the issue is that no grocery has yet so far accepting bitcoin or crypto as payment method. We have been dreaming that this, used bitcoin as micro payments. But sadly, it will take a couple of years before we can see this happening.

z38630610

legendary

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Quote from: stevebc on July 29, 2017, 08:50:19 AM

Are there any usable options that allow us to load BTC to a phone wallet (only a small amount, so not real worried about security) and then walk into a store and pay for groceries (priced in the local Fiat) using part of the BTC balance?

Clearly there would be no card, so it would have to be some kind of NFC, Android pay, other contactless solution.

in my country you can not use bitcoin in your daily life. but I know a friend who has traveled a few countries around the world with bitcoin. I saw a similar title on this forum. it will become even easier in the future.

ivrynx

full member

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this is possible due to the technology we have some merchants have systems for their businesses in order to accept bitcoin as payment, here in the Philippines, there are already merchants that do so, and some bitcoin users do treat their bitcoins like fiat, they easily go on spending spree, like our app, wherein you can buy load for your phones, pay bills and pay others as well, i think it because of its availability and it is more convenient than traditional going over the counter and through credit card, still money management here needs to take place.

Basmic

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I have not seen such applications. Perhaps in some countries such as Japan there is a local application allowing the use of bitcoin for payment but I hardly understand how it happens. Confirmation of transactions happening very slowly. I doubt anybody wants to wait that long. In other countries, such an application would be illegal.

jimbo2000

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Quote from: orions.belt19 on October 01, 2017, 06:40:52 AM

Quote from: fullypak on August 09, 2017, 03:31:31 AM

Quote from: Klausi on August 09, 2017, 03:03:47 AM

Quote from: syaripudin on August 09, 2017, 12:33:37 AM

If there is a store that accepts payments using bitcoin from the wallet that is on your phone, I think it's too risky, I think we need to exchange our bitcoin to fiat, bitcoin prices that tend to increase as well as very fast decline, it Which can not be done for transactions from your phone wallet. This will cause losses from the store that receives payment with bitcoin, if the price of the goods you buy is not worth the bitcoin price that is decreasing. To do this there needs to be a better technical, so that no parties feel a loss for the transactions made.

I agree with that but what if there's no other way to transact in using bitcoin. How can we deal on this few years from now if the systems don't accept bitcoin. But just in my case I really cash out my bitcoin change to our currency and that's the time I purchase goods so that it will be useful. If it means to decreasing point I don't have to worry at all.

It is possible only when the price of the bitcoin will become stable. Otherwise, it is a big loss for both customer and the shoppe owner. After paying your bill through Bitcoin, the price increase means what will do it is profit for the shop owner. If it reverses the price drops means it is a loss for shop owner so this will not work out until the price will become stable.

My local exchange wallet allows me to buy load directly and it exchanges my btc to fiat automatically whenever I make a purchase. I guess this would be convenient if I could do the same with other products such as food, clothes, shoes etc. It's quite possible for something like this to happen in the near future but there are some problems such as security.

I agree that some merchants may not accept BTC as a payment because of the price stability. It would be a loss for them if the price of BTC goes down suddenly.

Most of the solutions for this won't be dependent on the store owner accepting bitcoin whatsoever, when the transaction is executed it will instantly sell the bitcoin from the purchasers account for the currency of the store (usd for example) and then credit that currency to the stores account. This way no one is receiving anything they don't want to and they aren't liable to price changes etc.

readygoaw

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I think the smartphone applications of cryptobanks will give you this possibility. You will easily transform your crypto into fiat money and use it as you want.

Milo_Kidd

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Quote from: stevebc on July 29, 2017, 08:50:19 AM

Are there any usable options that allow us to load BTC to a phone wallet (only a small amount, so not real worried about security) and then walk into a store and pay for groceries (priced in the local Fiat) using part of the BTC balance?

Clearly there would be no card, so it would have to be some kind of NFC, Android pay, other contactless solution.

It depends on the location, if the place you were belong is accepted and considered the service then its fine. But if we are talking about the security I am not sure by that. But if your transaction is not that big you can handle it.

buharikx31

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To use that thing you need to have NFC at your phone and isntall any app like TenX or any other which have an already added card to use from your phone. I know there you can chose from different cryptocurrencies like BTC,LTC,MONERO et. and pay by a wallet in your phone

JohnPierson

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Quote from: stevebc on July 29, 2017, 08:50:19 AM

Are there any usable options that allow us to load BTC to a phone wallet (only a small amount, so not real worried about security) and then walk into a store and pay for groceries (priced in the local Fiat) using part of the BTC balance?

Clearly there would be no card, so it would have to be some kind of NFC, Android pay, other contactless solution.

As mentioned above, Crypterium meets all your requirement. Just for some clarification, it'll be possible to use Crypterium for the transactions in points which accept mastercard paypass, visa paywave, unionpay quickpass (icluding ATMs) instantly after application launch.

Feel free to ask questions in Crypterium ANN thread.

orions.belt19

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Quote from: fullypak on August 09, 2017, 03:31:31 AM

Quote from: Klausi on August 09, 2017, 03:03:47 AM

Quote from: syaripudin on August 09, 2017, 12:33:37 AM

If there is a store that accepts payments using bitcoin from the wallet that is on your phone, I think it's too risky, I think we need to exchange our bitcoin to fiat, bitcoin prices that tend to increase as well as very fast decline, it Which can not be done for transactions from your phone wallet. This will cause losses from the store that receives payment with bitcoin, if the price of the goods you buy is not worth the bitcoin price that is decreasing. To do this there needs to be a better technical, so that no parties feel a loss for the transactions made.

I agree with that but what if there's no other way to transact in using bitcoin. How can we deal on this few years from now if the systems don't accept bitcoin. But just in my case I really cash out my bitcoin change to our currency and that's the time I purchase goods so that it will be useful. If it means to decreasing point I don't have to worry at all.

It is possible only when the price of the bitcoin will become stable. Otherwise, it is a big loss for both customer and the shoppe owner. After paying your bill through Bitcoin, the price increase means what will do it is profit for the shop owner. If it reverses the price drops means it is a loss for shop owner so this will not work out until the price will become stable.

My local exchange wallet allows me to buy load directly and it exchanges my btc to fiat automatically whenever I make a purchase. I guess this would be convenient if I could do the same with other products such as food, clothes, shoes etc. It's quite possible for something like this to happen in the near future but there are some problems such as security.

I agree that some merchants may not accept BTC as a payment because of the price stability. It would be a loss for them if the price of BTC goes down suddenly.

leonair

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Quote from: stevebc on July 29, 2017, 08:50:19 AM

Are there any usable options that allow us to load BTC to a phone wallet (only a small amount, so not real worried about security) and then walk into a store and pay for groceries (priced in the local Fiat) using part of the BTC balance?

Clearly there would be no card, so it would have to be some kind of NFC, Android pay, other contactless solution.

I think there is some establishment that really accepts Bitcoin as a payment in exchange of their goods or services, just scanning the QR code and that's it. And when about the security it is better to always activate your 2 Factor Authentication in opening your account and withdrawing balance to it as it is a secure safety measure that can really help when sending Bitcoins. Localbitcoins I think is the best choice for loading your BTC wallet, just try downloading a legit mobile application that cater Bitcoin wallet.

trecore4

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I don't see any application like that currently. But you can always choose to pay via your wallets and all the barcode scanner features available. The merchant if accepts the bitcoin then they can accept it buy scanning the codes. It is one and the same thing as you are saying here. NFC and contactless tech would be far from now and very futuristic for bitcoin because of all the implementations and related complexity. That will be achieved soon anyway. But for now you can consider it as simple as sending the normal way. Plus you will need to find a merchant first who accepts the bitcoin because as we can see there are rare merchants for now. :-)

Xester

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Quote from: stevebc on July 29, 2017, 08:50:19 AM

Are there any usable options that allow us to load BTC to a phone wallet (only a small amount, so not real worried about security) and then walk into a store and pay for groceries (priced in the local Fiat) using part of the BTC balance?

Clearly there would be no card, so it would have to be some kind of NFC, Android pay, other contactless solution.

Well I used to watch a documentary about a woman living for a week using bitcoin. It just put her phone on something and automatically deducts her bills. I guess as of today there is no such thing as you are thinking. But here in my country we can buy phone credits using bitcoin.

webtricks

legendary

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Quote from: stevebc on July 29, 2017, 08:50:19 AM

Are there any usable options that allow us to load BTC to a phone wallet (only a small amount, so not real worried about security) and then walk into a store and pay for groceries (priced in the local Fiat) using part of the BTC balance?

Clearly there would be no card, so it would have to be some kind of NFC, Android pay, other contactless solution.

Well there are some alternatives present like Bitpay or Purse (specifically for Amazon). But the thing you finding is not technically possible. The merchant need to have some medium to accept payment even in fiat.
Best option available to use is Debit Card which is redeemable via Bitcoins or altcoins. There are several available but with high fees.
Currently Social Nexus is building a debit card system with their own cryptocurrency much could come up as much cheaper.

Jully Bells

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MinMan

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Quote from: stevebc on July 29, 2017, 08:50:19 AM

Are there any usable options that allow us to load BTC to a phone wallet (only a small amount, so not real worried about security) and then walk into a store and pay for groceries (priced in the local Fiat) using part of the BTC balance?

Clearly there would be no card, so it would have to be some kind of NFC, Android pay, other contactless solution.

That’s possible if you find a shopping site that accepts it or if your seller is willing to accept bitcoin as a
form of payment, if that’s not on the list then there is no way, you have to exchange your coin before you can use it as cash.

surix

sr. member

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I have no answer for the full question, but I can say that if you have an iPhone, you are pretty much blocked for this...
On iPhone you can have bitcoin wallet and pay in BTC to third parties, or you can have a virtual credit card app and pay in on-line shop, that's it.

bouren

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Quote from: stevebc on July 29, 2017, 08:50:19 AM

Are there any usable options that allow us to load BTC to a phone wallet (only a small amount, so not real worried about security) and then walk into a store and pay for groceries (priced in the local Fiat) using part of the BTC balance?

Clearly there would be no card, so it would have to be some kind of NFC, Android pay, other contactless solution.

I don't think we need any such app. Normal web wallet with in-built option of showing BTC balance in fiat values will work out. You can easily view BTC values in fiats in Coinbase, etc. But think which matter most is whether shop owners accept BTC or not. Any app or wallet could work out only when both buyers and sellers agree to use it.

orions.belt19

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Quote from: stevebc on July 29, 2017, 11:11:32 AM

Seems like all the debit cards require various form of account verification, was hoping for a phone solution that does away with those requirements....if you know what i mean....

If it's the requirements you're worried about, then I suggest that you use an exchange wallet. It allows you to easily exchange BTC to your local currency, and some wallet providers allow online payments like billing or game credits. Some exchange wallets also have phone applications so its convenient to use. I don't of any phone wallet that allows you to buy in a grocery like fiat, without any use of a card. Also, I think it would depend on your country and whether the grocery store accepts online payments.

But would be convenient if a wallet provider had this feature, wouldn't it? One that allows us to exchange bitcoin into fiat instantly then acts like visa pay wave or a debit card.

rhodelmabanal

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Yes, in our country it's possible now. We had this site and online app called Coins.ph it is a wallet contains our fiat and a BTC deposits. We can buy a cellphone load and other miscellaneous stuffs on this app. It can also send money on the other through this app. Many teenager enjoyed this because it could purchase games in steam engine through bitcoin and our fiats.

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