Coinbase is a USA based exchange I know lots of people in Europe all of them with Visa and MasterCard connected to Bitcoin canceled
I'm surprised coinbase still operating their card
Also multiple articles say bitpay visa canceled
Never made sense to me tying a crypto card to a fiat card
Just sell crypto through exchange then exit into an account with a card tied to it
Crypto credit cards just never seemed right
Well the system is already in place to accept payments with Visa, so it's really smart to leverage that, and be able to spend your money where you want. There's no limits that way. You don't need to find places that accept BTC, and it's strategically a good deal to get the "system" to accept Crypto, cause Visa is still getting their 3% from merchants for accepting it, banks still get their ATM fee when you withdraw, so big business doesn't feel as threatened by a major adoption. Yeah, there's a little politics at play, but what do you expect when big moneys involved? Bitpay has not been cancelled, I used it yesterday, and they only sent mine to me like the week before Christmas, and I have a friend who is waiting on his card which was sent out Monday, so those were rumors you heard about it being cancelled.
Are you in Europe?
Those are not rumors, they're major media in Europe.
Now the point of BTC white paper was to operate outside banks.
You leave banks and fiat out of it crypto works.
However, most people have nothing of value to trade.
That's why a merchant based crypto network works. Every merchant has what some consumers want.
So a merchant network that takes crypto from a smartphone needs no terminals, no banks no accounts with banks.
So merchants preferring a crypto will make that top crypto in time.
You can think crypto to visa a good idea, I don't. I think a stable merchant crypto will replace everything.
But do you want to wait for that or do you want to spend your money right now? You don't have to talk merchants into anything, they already have pinpads. I imagine the way it's going to work out EVENTUALLY will be like when you see a pinpad that has apple pay, android pay, or paypal, it'll be like that but something to the effect of "Pay here with Coinbase" or Coinbasepay, or whatever they decide to call it. (There's your stable merchant crypto, we just need to make it to that point) THEN the Visa cards will start to phase out somewhat, but it'll be a long time before that's complete. Remember, there's still people out there with Diner's club cards.
Visa adoption is not the solution it's the problem.
Now you do realize most of the world has no Visa, most of the world is too poor to qualify.
Yet most of those poor now have a smart phone
They use a village hub to use the net
The crypto coin that taps into that huge mass of humanity will rule the world
So no transaction fees
Ability to reach all humans
Stable currency
I've seen one project targeting all those needs
Bitcoin failed due to blockchain it's not needed
You create a digital. Currency without the block
You base it on a solid currency
No speculator exchanges
You have something that merchants will adopt to reach that untapped pool of poor humans who can consume digital goods, music, films and books
To do billions of transactions you cannot use block chain
