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Topic: Washington Post: "You can now pay with Bitcoin practically anywhere" (Read 2890 times)

member
Activity: 67
Merit: 10
Good to know. Most already knew as far as I'm concerned, but it's really nice to still read that and continuously be reminded of that. Very good for BTC.
newbie
Activity: 56
Merit: 0
The headline is misleading. It's a bitcoin debit card only available for residents of some american states. The EU is discussing cracking down on virtual currencies and prepaid cards, so I doubt it's going to be offered to EU citizens. Besides, bitcoin debit cards are nothing new, a number of exchanges were already offering them but with high fees.

Quote

There is a catch: The card is currently only available to residents of Alabama, Arizona, California, Delaware, Georgia, Idaho, Iowa, Kansas, Maine, Mississippi, Nebraska, Nevada, New Jersey, North Carolina, North Dakota, Oklahoma, Pennsylvania, Puerto Rico, South Dakota, Texas, Vermont, Washington, West Virginia and the District of Columbia. That's two-dozen regions in all.


Yes xapo pay your bills,, by using debit card,, thats why bitcoin is everywhere
hero member
Activity: 1442
Merit: 629
Vires in Numeris
The headline is misleading. It's a bitcoin debit card only available for residents of some american states. The EU is discussing cracking down on virtual currencies and prepaid cards, so I doubt it's going to be offered to EU citizens. Besides, bitcoin debit cards are nothing new, a number of exchanges were already offering them but with high fees.

Quote

There is a catch: The card is currently only available to residents of Alabama, Arizona, California, Delaware, Georgia, Idaho, Iowa, Kansas, Maine, Mississippi, Nebraska, Nevada, New Jersey, North Carolina, North Dakota, Oklahoma, Pennsylvania, Puerto Rico, South Dakota, Texas, Vermont, Washington, West Virginia and the District of Columbia. That's two-dozen regions in all.

Yeah, that does kind of suck. It is unfortunate that the EU will probably not get the Bitcoin debit card. It is the EU and Bitcoin that will lose out, not America. I feel sorry for you.
EU can apply for XAPO's card, I also have one. It's directly connected to your wallet and it only exchanges fiat if it is needed. It's not a prepaid card, it's a normal VISA debit card (and also not a credit card).
Despite of the acceptance of BTC via debit card, I also think that acceptance of BTC itself (and not about accepting the VISA debit BTC card) will spread only if merchants learn to accept BTC itself.
hero member
Activity: 756
Merit: 500
Seems like good press.
legendary
Activity: 3248
Merit: 1070
This is great news! It a sign that biitcoin is becoming increasingly accepted. We can now consider that bitcoin is going mainstream.

uhh... US only does not equal mainstream.

this is true but do not forget that we don't need the entire world to accept bitcoin to have mainstream

1B people is already mainstream, imagines if 1B people put $500 or 1k in bitcoin, the value will go through the roof
full member
Activity: 210
Merit: 100
This is great news! It a sign that biitcoin is becoming increasingly accepted. We can now consider that bitcoin is going mainstream.

uhh... US only does not equal mainstream.
hero member
Activity: 504
Merit: 500
This is great news! It a sign that biitcoin is becoming increasingly accepted. We can now consider that bitcoin is going mainstream.
legendary
Activity: 1134
Merit: 1000

First cannot be called a main post a post with only one link and without any comment on it. Everyone can find such news everywhere and put the link of the article in a main post and create a thread. But the threads are created to give thoughts. Firstly by the author of the thread which must tell him's thoughts first. The OP can tell that the news speak itself and don't needed any comment. If so why create the thread? If cannot told nothing by no one why create the thread? I can tell for example that the creation of such kind of cards is not new. Are even other providers who offer such kind of service. It is important that this card has its publicity by The Washington Post. This is the very news. As for the creation and the offer of the debit card ......
sr. member
Activity: 462
Merit: 250
The headline is misleading. It's a bitcoin debit card only available for residents of some american states. The EU is discussing cracking down on virtual currencies and prepaid cards, so I doubt it's going to be offered to EU citizens. Besides, bitcoin debit cards are nothing new, a number of exchanges were already offering them but with high fees.

What the title means that you can pay with the card anywhere in the world as long as they display the visa logo. This is very significant step in the adoption of bitcoin. Even though this card is only available in some states in the America, I believe it will be available to other states in the future. It is better to be available in a limited number of places to test its usability.
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
I don't think so. It might even be step backward. Because Bitcoin 'adoption' is direct bitcoin acceptance, and not ability to pay with debit/credit card which exchange your coins to FIAT.
It may even discourage merchants from introduce real direct p2p acceptance.
full member
Activity: 210
Merit: 100
I don't get why this is exciting or news. You can already spend bitcoin anywhere on the entire planet by selling it for local currency first.

With bitcoin credit card, you can use the bitcoin directly, without changing it to fiat first. It is very convenient for bitcoin owners. This is part of effort to make bitcoin useful for purchasing.
If there are discount or cash back (bitcoin) for card holders, it is even better.

what are the fees?
legendary
Activity: 1442
Merit: 1016
I prefer to pay direct with Bitcoin and not with another card.
I will continuing not to use coinbase.No reason for me to do so.
Let's see how long it will take them to require fees for that.
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
The headline is misleading. It's a bitcoin debit card only available for residents of some american states. The EU is discussing cracking down on virtual currencies and prepaid cards, so I doubt it's going to be offered to EU citizens. Besides, bitcoin debit cards are nothing new, a number of exchanges were already offering them but with high fees.

Quote

There is a catch: The card is currently only available to residents of Alabama, Arizona, California, Delaware, Georgia, Idaho, Iowa, Kansas, Maine, Mississippi, Nebraska, Nevada, New Jersey, North Carolina, North Dakota, Oklahoma, Pennsylvania, Puerto Rico, South Dakota, Texas, Vermont, Washington, West Virginia and the District of Columbia. That's two-dozen regions in all.

I don't know have these EU effects already taken place, but yesterday when I logged into my Coinbase, they have asked more personal informations from me even though I have already bought several times some smaller amounts with my credit card. Maybe they have already made rules stricter for Europe.

About this card, I don't see anything revolutionary about it. Bitcoin wasn't meant to be about this. But I guess that this is just a step until we won't have big adoption and until we won't be able to spend our coins everywhere. Then we won't need these kind of cards!
member
Activity: 112
Merit: 10
The headline is misleading. It's a bitcoin debit card only available for residents of some american states. The EU is discussing cracking down on virtual currencies and prepaid cards, so I doubt it's going to be offered to EU citizens. Besides, bitcoin debit cards are nothing new, a number of exchanges were already offering them but with high fees.

Quote

There is a catch: The card is currently only available to residents of Alabama, Arizona, California, Delaware, Georgia, Idaho, Iowa, Kansas, Maine, Mississippi, Nebraska, Nevada, New Jersey, North Carolina, North Dakota, Oklahoma, Pennsylvania, Puerto Rico, South Dakota, Texas, Vermont, Washington, West Virginia and the District of Columbia. That's two-dozen regions in all.

Yeah, that does kind of suck. It is unfortunate that the EU will probably not get the Bitcoin debit card. It is the EU and Bitcoin that will lose out, not America. I feel sorry for you.
legendary
Activity: 1137
Merit: 1035
Bitcoin accepted here

Exactly. Many people here seem to forget that what's not news for them may be for the average Joes out there.
legendary
Activity: 3248
Merit: 1070
In this way, coinbase act as a kind of bank. You save the money there, you then use the bitcoin. It is quite handy.

it's only good because there is insurance otherwise with all the regulation and rigid rules and the tedious waiting times, it would be avoided completely

also i'm not sure how coinbase work with europe and their IRS legislation...it will not apply i think
hero member
Activity: 909
Merit: 508
In this way, coinbase acts as a kind of an exchanger. You save the money or bitcoin there and exchange it. It is quite handy. But you should only use it, when you use it.Bitcoins are better stored in hardwarewallets or softwarewallets, also mind and paper wallets, where you own your private keys.
legendary
Activity: 910
Merit: 1000
It can not be accepted in other countries and not even in all of the united states Roll Eyes
Try and use that debit card in another country. You will be denied guaranteed.  Undecided
I like how an american publication says "Everywhere" when it is only accepted in their country and not even in it's entirety.  Tongue

It's a Visa card. That's accepted everywhere. What is restricted is where you can obtain it in the first place.
These should be incorporated into one:
https://bitcointalksearch.org/topic/shift-bitcoin-visa-card-now-available-in-the-us-1256638
hero member
Activity: 1008
Merit: 1012

This is a prepaid visa card but for bitcoin then. Why say it is a debit card at all  Huh

You're debiting your Bitcoin account?
Two completely different cards here being discussed. Sorry for that. I was talking about the debit card from coinbase and not the visa card.
I think there is another thread discussing debit cards exclusively for bitcoin.
sr. member
Activity: 252
Merit: 250
BetcoinRakeback.com
Wired: "Coinbase Just Debuted the First Bitcoin Debit Card in the US"

http://www.wired.com/2015/11/coinbase-unveils-countrys-first-bitcoin-debit-card/
I think he was referring to the one that coinbase put out as that one is a debit card.
This thread is about the Shift card which is a Visa card and not a debit card.
Why bring this news about coinbase's offering into this thread?
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