|
Title: Can ATM cards on Bitcoin be invented to allow direct Bitcoin funds. Post by: jerrison on May 28, 2017, 07:47:01 PM From my findings, people and agencies seem to be comfortable with Bitcoin related transactions but their worry is the stress they claim they encounter in trying to get the value of their bitcoin in their local currency, to bridge this gap, is there a possibility of manufacturing an ATM card to that effect or is their a project on that ongoing already.
Title: Re: Can ATM cards on Bitcoin be invented to allow direct Bitcoin funds. Post by: European Central Bank on May 28, 2017, 07:53:03 PM there are many of them right now offered by companies like bitpay, xapo and a bunch of others. it's pretty hard to find one that isn't in usd, eur, or gbp.
here's a good thread about them. https://bitcointalk.org/index.php?topic=1410577.0 Title: Re: Can ATM cards on Bitcoin be invented to allow direct Bitcoin funds. Post by: Dite1989 on May 28, 2017, 07:57:04 PM Isn't that how Bitcoin credit cards work, already? I'm sure I read in this forum, you can use these cards in "standard" ATMs to withdraw fiat from the Bitcoin on them. It has fee, though.
Title: Re: Can ATM cards on Bitcoin be invented to allow direct Bitcoin funds. Post by: slapper on May 28, 2017, 08:29:08 PM They have already developed a lot of things like that and in my country, I can still transfer my bitcoin to money without any card and we call it a BTM. We only need to scan the qr code and send the bitcoin then wait for the money to come out
Title: Re: Can ATM cards on Bitcoin be invented to allow direct Bitcoin funds. Post by: Pab on May 28, 2017, 08:46:46 PM Spectrocoin is providing very good service.You can exchange btc to fiat and upload his cards .You can also unload card and buy btc.All that instantly with very low fee
Title: Re: Can ATM cards on Bitcoin be invented to allow direct Bitcoin funds. Post by: megynacuna on May 28, 2017, 09:09:36 PM Isn't that how Bitcoin credit cards work, already? I'm sure I read in this forum, you can use these cards in "standard" ATMs to withdraw fiat from the Bitcoin on them. It has fee, though. Yes the BTM's work just as the OP described and so I'll conclude that perhaps he doesn't have some of those installed in his country or even an oversight that's why he's putting forth this question. Title: Re: Can ATM cards on Bitcoin be invented to allow direct Bitcoin funds. Post by: bitcoinissatan on May 28, 2017, 09:10:21 PM I think it has also been done by some companies
Title: Re: Can ATM cards on Bitcoin be invented to allow direct Bitcoin funds. Post by: lukew on May 28, 2017, 09:17:11 PM I've developed a system that does just this. Make payments using a card, back-end uses crypto and merchant can get their payment in whatever currency they like. The issue is it cut's all the crap, makes Bitcoin and others no harder to use than waving a contactless card on a terminal and will make crypto coins easier to get hold of, potentially pushing the prices back down. No-one seems interested as all the money is made by using exchanges and a lack of supply compared to demand.
Title: Re: Can ATM cards on Bitcoin be invented to allow direct Bitcoin funds. Post by: jhannlenr on May 29, 2017, 02:54:18 AM That's possible to make technically with ease, however you would need to make everything new and from scratch as BTC based to make everything from the account in BTC.
if you mean withdrawing USD/etc... from an ATM using a bitcoin debitcard, there are allot of them right now, of course the BTC is converted to USD equivalent. |