Bitcoin Forum

Would you use something like? :
http://www.dbcardservice.com/en/

The road of Bitcoins to conquer the world might take long
if we would only use Bitcoin ATMs and exchanges, since not everybody understands
exchanges and our ATMs are not worldwide available maybe we got other options.

 ::)

Would you buy a Bitcoin prepaid mastercard of 10 euro p/j
with an 3 year contract? If so please leave a comment below

Thanks for reading

Yes, but not if it had that stock photo and speech bubble on it's site.

She's cute, though.  I'd buy anything from her.

Yes, if it's fully registered under US or UK law so that the funds are safe.  I'd be wary of fees, though.  I wouldn't mind a small monthly fee if it's necessary, and of course normal ATM fees, but I wouldn't want to pay a transaction fee for purchases.

Thanks both Stevedekorte, msc and the voters,

I'm sorry but the website I gave a link to was just an example how sucha card would look like.

Here's the most reasonable set up, that we might consider for the future
- Only €10 per year card fee / 3 year contract
- Free online and offline shopping
- Fixed €1.80 local and foreign ATM transaction fee
- Fixed 2.49% foreign exchange rate (if you have an euro account, but buy in dollars)

For some this might be a disadvantage, but if you would like sucha card, you would have to
register yourself. But something like this would open up the door for Bitcoiners to take cash
from ATMs and pay in stores without even mentioning Bitcoins. Keep in mind this would
be a prepaid card, you have to upload Bitcoins to your online wallet first.

I'm not trying to push Bitcoins in the backgrounds here, but I would be fun if like 10000
Bitcoiners had this card, paid for things with it for a whole year. If you would then ask somebody
if they know what Bitcoins are and they said no, you could answer with a smile that you have
been paying them for the past year with Bitcoins. 50 Bitcoins ATMs is nothing, Bitcoin needs to
be on prepaid card, because they can be used worldwide.

Msc Yes, it would be fully registered under US or UK law, we respect the law.
I'll try to find a way to get this done...

I hope this sparks exchanges and everybody who is involved with Bitcoins to also start offering this
service. It will make Bitcoin invisible, but who wants to know anything about money, people just want to
pay and get paid for stuff. 

I voted maybe cause there is no place i could use it in that I can think of.

Hi ronimacarroni

Actually you can use this everywhere, you see a mastercard sign. I even used a prepaid
to get money from the ATM, paid on kickstarter.com and even paid in a regular store using my
prepaid cards pincode.

Hmmmm though I have to stress that there are some entities that don't let you pay with an
prepaid card, but they are LAME and scarce.

Yes I think that it is a great idea to spread btc :)
And the fees seems kinda low, so yes I would buy it prolly.

Out of curiosity (i'm a bit too lazy to check myself) say theoretically I got my card (say, loaded with 3 BTC) when Bitcoin was priced at $100 but before I spent any of the card's balance the price increased to $200. Do I get $600 worth of purchasing power or $300?

If I got the full $600, then I'd totally use it and it would be the most legit thing ever. Otherwise, its still marginally useful, except its really inferior (assuming you want exposure to BTC) than just paying with a credit card and then just using something like coinbase to load my checking account when the next bill is due.

I would but I'd have to know a hold lot about the owner and business location

Thanks for your replies

theonewhowaskazu if BTC is worth $600 your spendingpower is $600.

I voted no because MC would never agree to this meaning the card could get blocked at anytime. If it had native MC support then it would be a different matter.

How does that work? It literally funds my card with USD as I need it, or something?

theonewhowaskazu

If 1 Bitcoin is worth 1000 euro's and you spend 100 euro's
That means that 0.1 btc gets taken from your 1 btc leaving you with just 0.9 btc.
If the merchant got their account set to accept btcs they get 0.1 btc for your purchase.
If the merchant got it set to receive fiat currency, they receive 100 euro's.
Your bitcoin ewallet always reflects/gives you the current fiat price for Btcs, if not,
you might change.

I voted no because MC would never agree to this meaning the card could get blocked at anytime.
If it had native MC support then it would be a different matter.

Abdussamad
MC is on the market to make money, if they sell prepaid cards to companies they make money.
They allready have a hardtime with all these ewallets, mobile payments and now cryptocurrencies
popping up out of nowhere. There is no difference between a Skrill.com ewallet or a Bitcoin based
ewallet, they both say "MONEY". Enough Bitcoins companies, do what is legally asked from them,
so I see no problem. A card would only get blocked if it was stolen, from the person who owns the
card. Do you know how much money MC is missing out on, for not operating in all countries. BTW
everybody who does not get with the flow of the new finnovative breed will simply "Get a Kodak moment".

This whole thing with prepaid card is not new
Bitinstant gave it a shot, why we don't have a bitinstant card now????? I don't know
http://www.techweekeurope.co.uk/news/bitinstant-bitcoin-paycard-details-mastercard-90204

Your description let me assume that the card will have a second EMV application installed on it apart form MC's one, that will be bitcoin-related as otherwise there is no provisions for accepting devices (POS terminals) to distinguish the cards that are BTC-"capable". Such a configuration of the card requires quite expensive testing and certification process that is required to ensure the proper inter-operability between the Card Accepting Devices and the card. Do you know how much that costs?

As for acceptance, the POS device also has to contain quite a bit of software to support any extra application on card that also requires EMV certification. This also costs some money. Did you do any estimations how much is that?

Though, there is still an option not to install any extra apps on a card and shift the BTC-related stuff to back-office processing. In this case the only question is: "is the conversion rate attractive for the end user or not?"

bee7

I'm not that hyper technical, so I have little understanding of your popular jargon. But
we would choose the latter (why waste money), if you do something that is unattractive
with the conversion rate things will get ugly. That's why it would be great if there were
more exchanges/ewallets offering the same service. 

Visa also got a prepaid option and Google Trends says enough
http://www.google.com/trends/explore#q=mastercard%2C%20%20Visa%2C%20%20Paypal&cmpt=q

I am sorry, it is really not popular but very specific. I spend some time with these modern chip card technologies, so I have some knowledge :)
Be prepared, even if you go the simpler way, there will be a lot of difficulties.

Anyway, the idea is good from my point of view. So, YES

the problem with visa/MC is they are part of the current oppressive money system, if we could get bitcoin converted and loaded onto cards with anonymity, that would be great. no, I'm not coughing up my name, address, DOB, SS#, etc.

what's the alternative? an anonymous visa card bought online from poland or croatia?

I thought of this idea months ago. It is a massive idea because everyone would love to store all their wealth in bitcoins (due to deflation) but still be able to spend it easily like fiat.

This would be the break through that would take bitcoin mainstream.

But unless you're mt.gox or one of the upcome exchanges or mastercard it's too big of an endeavour.

How do you liquidate peoples bitcoins when they buy something? you need a BIG exchange (who'll charge a fee)
How do you get the card and network? you need to piggy back on mastercard (who'll charge a fee)
How do you get the system that links the card through to the exchange? you have to create it (you'll want to charge a fee)

Too many cocks in that pie.

Bitcoin needs to be at the forefront or else it'll be too expensive. We are moving forward here not backward to ancient tech like plastic cards and bank networks. When bitcoin is at the forefront all you need is that phone app that lets you pay people with barcodes (fuck mastercard anyways!).

This was the conclusion i reached when i thought up this idea. If you can innovate around having to go through so many levels where each one a company is taking a cut then it's possible, otherwise - too expensive and impractical.

unable to visit the link..failed to open..

I would definitely be interested!  I wonder what the international fees would be?  If there were none it would be a great option for international travelers.  Having just taken a trip overseas I came home to a Visa bill with extra fees on it and it would have been nice to avoid them.

ha ha! "too many cocks in that pie"

issue a card (reads like debit card) with a public address and a 4 digit pin for spending
write card-reading-bitcoin-deducting code that can be run on visa/mc card readers, deposit bitcoin into merchant's account. basically hijack the readers. that shit's all run by firmware anyhow right?


people can reload the spendable cards with bitcoin. protect your bitcoin by only transferring what you want to spend at the time, can do that on your smartphone or mobile device.

hell, the card readers deduct foodstamps money, why not bitcoin?

(novice visionary)

I found a prepaid blablabla

http://thebitcoincard.co.uk/

Unfortunately they have no message how much it costs.
This is not my site, so be aware!!!!!

another 1
https://ibtcard.com/

Check my sig. ;)
I can even have them custom made like:
https://i.imgur.com/iV1HOEh.jpg?1
Design by jantenner81 (https://bitcointalk.org/index.php?topic=249680)

I would be interested if:
 
1. the card never asked for any identifying information. So like a standard gift card, but pre-registered, turn-key
2. I could use it for either credit/debit purchase and/or ATM withdrawals
3. There was no fraud-detection protection built in.  It's swipe and go.   I wouldn't want to get annoying calls saying "the fraud detection unit thinks your purchase of 100 Thai whores isn't a legit purchase, please confirm or deny so we know if we need to cancel the card."   
4.  No limit (or a very high limit), nothing retarded like $500

I have received a free prepaid MC 2 weeks ago. I got it while opening a new phone line. I've registered it, and I now have to wire money to the account linked to it, but I haven't done that yet. Don't know if I ever will. I have normal credit cards, and this one doesn't bring me anything I already have. A BTC prepaid card might raise my interest if it were totally anonymous, but I don't think it could be done legally, so I'll probably stick to my credit cards.

Exactly!

captured the essence of bitcoin usability and function.

I was pondering my ideal bitcoin Visa card recently.  Why can't we have a dynamic limit?  Here's what I'm thinking: the user transfers coins in such a way that *either* the credit card provider or the user can spend them.  

Consider the case where I want to buy an expensive all-inclusive trip to Bora Bora.  I send the required BTC to some shared address, wait, say, 3 confirms, and then order my trip online.  When the website seeks authorization for my purchase, the credit card provider approves the purchase and immediately transfer the coins to their private address.    

Now consider the case where I decided at the last minute not to make the trip and I want to get my bitcoins back [without making annoying phone calls, etc].  Since I too have authority, I simple transfer these coins back to one of my privately controlled addresses.  

The only potential problem I see is if the user somehow transfers the coins to their private address at the same time as the credit card provider [effectively a double spend].  But maybe with enough of a delay in the authorization (the credit card provider can see that most of the network has picked up the honest transfer and no double spend was detected) or some other trick we could prevent this. 

Perhaps my implementation could use some tweaking.  But what I'm trying to achieve is (1) dynamic limits, (2) make it easy and quick to reliably get your unspent coins back.

The advantage of a prepaid card is:
- You can withdraw fiat currency from every atm worldwide.
- You can pay in stores (visa or mastercard) are generally accepted in more places then Bitcoins.
- Bitcoins gets exposure without people even knowing about it, technology needs to be invisible.
- Who knows the store owner might ask, Heee a Bitcoin prepaid card, what is Bitpay? then you just say them
to take a look @ Bitpay.com and who knows they might start learning about Bitcoins.

I can see a company like Bitpay do this, because they can process Bitcoins to fiat in 1 business day time.
Let's say you pay for something with a Bitpay prepaid card, what happens is:
- The amount in Bitcoins immediately gets taken from your wallet
- Bitpay immediately makes the amount available in fiat currency and your payment is done
(for the latter maybe they'll need a ewallet with fiat currencies, but who knows)

As a community we need to expand our strategies, because if we wait for people to regulate stuff, while they
haven't got the slightest clue (some do have a clue and want Bitcoins gone) what we are talking about. Our
experiment is not mainstream, so we have to promote it, as much as possible. The best way to get in the
club is to wear their dresscode. With an prepaid Visa or Mastercard attire, Bitcoin can get on the dancefloor.
That's why it's lovely to see the Lamassu & Canadian Atm's, people seem addicted to physical objects. The
other reason that a prepaid card would be fun is, you can have more of those in comparison to Atm's, but it's
the same strategy. The purpose of the prepaid that I mention by the way, is just to get store owners to see a
Bitcoin prepaid card preferably totally RED (because that colour is like "Take a good look @ me" and maybe
they will ask about it because they never saw something like it before. Now that is the start of a conversation,
but don't say to much just tell them to go to the website of the company that issues it, and maybe they will
start digging in the Bitcoin mine.

Please stop responding to this post, I would like to set this up, if I could, I can't because I don't have the
financial means. Secretly I was also hoping that somebody else in the Bitcoin community would do it.