Bitcoin Forum

Would you agree if they will release a credit cards for all btc users . I think it can help alot to make transaction fast and also btc will be famous if that happens

how will someone give you a credit card for bitcoins? Credit card means thr money you use as a personal small loan. Physically I dont think its possible because of potential scams around. People will just us the loan and disappear. So the company will be bankrupt in few days if not foe hours.

I think he meant debit card.

Not borrowing money from card, but spending your own money.

I personally agree if the credit card is for btc. maybe it will be easier for transactions or cash withdrawals. but the problem is, is there any developers who can do that with the vulnerable that in fact the bitcoin fluctuates

Well, I don't agree with this but it might be possible but not everyone agrees that idea, credit card means for those who want to borrow some amount to spend while debit cards are spending your own money. Many tokens, altcoins have this features already from depositing any cryptocurrency to your account and can be spent on your master card.

2 things here:

1- Who are 'they'? Keep in mind that BTC idea (and the other Crypto Currencies as well) is all about decentralization, so there is no single authority behind it to issue something or to decide about a project/idea
2- There is currently the Crypto Debit Card option (whether Physical or Virtual) that you can load with any Crypto option and use directly, so you are actually spending from your Crypto holdings but in an 'indirect' way

Never heard any credit card company release a credit card for cryptocurrency, but in the past even now some service provide debit card with bitcoin as option to top up balance.

What is not satisfuing you all in already existing cryptocards? Besides the fact that sometimes they are experiencing some issues with the service providers (VISA, MasterCard etc.) they work perfectly fine and have worldwide shippment.

there nothing possible about credit card for crypto's (bitcoin) take at look at  this new project of graft refer this links https://bitcointalk.org/index.php?topic=2115188.0
https://github.com/graft-project/graft-white-paper/blob/master/graft-white-paper-1.02/graft-white-paper-1.02.md
you can learn and invest for this project about blockchain credit card, hoping you give it a time to read of this project.

 ;D For example you took 2 BTC with 8k per 1 BTC) In 1 year you should return 2.5 BTC with 20k $ per 1 BTC - it's extremely risky  ;D So do not take credits in BTC)

Tell me, please, what are cryptocards now?

Bitwala, TenX, Monaco, and much more. Just use Google "Bitcoin debit Card" or "crypto debit Card"

You correctly noticed. It could just be the debt bitkoin pit. I do not think that there are many mentally normal people to take a loan in bitcoins. I would be scared.

Oh thanks. I did not know about it. I'll go read. Indeed, in the crypto world you need to learn, learn and read a lot. :)

I think realized this idea is very expensive

No problem mate, i personally use a bitwala Card. no Problems till now

There's already some altcoin project for crypto debit card like Tenx, monaco and bonpay and i feel like that's what you mean by credit card. The project i stated before give you physcal card to use and they will take the money from your crypto balance, but i don't know about the fee compared to credit card.

If you are talking about crypto Debit cards, then they already exist and there are plenty of options out there. I think they are quite interesting for the next 2 or 3 years, or at least until the scalability issues are not solved. They provide an easy way to spend your coins by using the already well established Visa and MasterCard platform.

If you are really talking about Credit cards, then I don't think this is a good idea because of bitcoin volatility. You take a loan now, and the BTC price rises, and you will be losing money. If the loans are made in BTC but you only have to pay the equivalent amount in fiat, then it's the credit company that will lose money because they will receive less BTC than what they initially offered. BTC price can of course decrease, and it's the other way around, but in the end, someone will lose money, so I don't think loans with BTC are a good idea right now, so a Credit card is not a good idea as well.

who is they? why they giving us the credit card? i dont need the credit card as long i have bitcoin in my wallet, hahahaha i think credit card is make us easier we don't need to bring our money we just bring our card but if we are wasteful people, i think at the payment billing we will pay extra money

Well, if you are talking about cards with main balance as BTC then I don't think that there is any such service as of now but there are many platforms available where you can top up your account using Bitcoin and it will update your USD/EURO balance for your virtual (or even physical) credit cards. I am using Uquid since last few months and I am happy with it. However, I am looking for the services where I won't have to convert my BTC balance for to up.

i think its nbot posibol , iff we get cradit card then i think all member so happy , they are enjoy

Oh, if this thing happen then, this will be new feature for bitcoin, but surely it will more secure for malls or stores who will accept to use bitcoin because it will be more prone to scam because of its anonimity feature. But we hope that someday we can see the good benefits of this than the thinking of being scammed.

Bitcoin credit cards still don't exist, only debit card. So, you can't spend the coins that someone is crediting you but only your balance that you have. Maybe some day credit cards will also appear but that would mean that some credit institution should stay behind that card and take the risk. Since Bitcoin is profitable the question is how profitable would that be and how big would be the risk.

If there's a credit card for bitcoin, how could banks take % from you? There could be an option of taking % by creditors in any currency. But I think they would be accepting only BTC.

I would rather have some on a mobile wallet to allow me to pay using my phone rather than have an additional card in my wallet.

Hopefully in a few years time wallets will be completely obsolete. All of my money will be stored on the blockchain and I can pay for everything in cryptocurrency.

strongly agree today that already many projecks that use credit cards to become a deposit of our assets. enthusiasts from the projeck are also numerous

It would be nice if we will have a credit card for bitcoin but the problem is that who will facilitate the loans and collection of bitcoin since bitcoin is centralized who will hold the fund? But anyway if this will happen many will be happy because they can have the opportunity to pay important things that they need to settle even if they don’t have money because bitcoin credit card will provide for them

Decentralization seems to be a solution and Graft Network is coming up with a decentralized payment processing network.

For credit card or loan in the traditional sense, some central authority has to be involved which defeats the purpose of decentralization.

How will the user get a card and from where? And even if he gets one, there's high chance that the user will run away not repaying, unless there is some collateral involved.

Its really good concept but for providing credit card its much required for KYC . Most of the credit card issued based on customer credit score (in my country ) . I am not sure about how the process will work . There is lots of lending platform as well as Crypto banks are happening hopefully soon credit card also will come .

Credit cards or any loan system in bitcoins wouldn't be a very good idea because how the price changes drastically within a small period of time. At the time you'd pay the loan, either you or the company lose more money. When the price increases, paying in btc would result in you paying more than what you originally loaned.

i agree it make us to withdraw easily anywhere anytime no more need to wait in withdrawals

It's just a matter of who will issue it first. I'd be one of the first one to get one. Founding member status, collectors' item, first issue...why not?

I assume you meant debit card. There already are companies that are doing that. What you need is research them and choose the card you consider most appropriate for you. There's an article on weusecoins that gave information on some of the companies and the cards they issue. Check them here: https://www.weusecoins.com/bitcoin-debit-cards/

It may be a good idea to have bitcoin credit cards and stuffs, there should also be an ATM machine for bitcoin. Ooops i also saw some alternate coins that provides cards and stuffs, they do offer those kinds of services on their platforms, i think it is also good to have like that and as for me we could have use it anywhere else, and no need to worry carrying cash.

It wont work and there it aint original anymore.
It is a loan and who will pay for it? I wont.  ;D
A company will not do that for bitcoin because there is not much who accepts it. Supermarkets, kiosk, known shopping stalls, none here in my country. Hell, even if i am in Japan i would not start that kind of business.

A debit might work because that is your own funds you are spending.

Yes creditcard is borrowed and then paid after spending with time period. If then the calculation of each transaction using bitcoins value.
I am not agree with this system, because it can take the value as example that i use this creditcard for amount transaction 0.1 BTC on 24th, Nov with the assumption current price 1 BTC at that time ($ 8,000). Later, coming this invoice bill at 24th, Dec, the price of bitcoins has increased by 1 BTC ($ 9,000), then the charge will swell.

More like a bitcoin card i think that would be pretty cool this way you can directly pay in stores with your bitcoins but the stores should accept bitcoin and your country should also accept bitcoin to make this work but it is a good idea.

May be it is cool to spend BTC in shops but don't forget about BTC comissions) BTC transaction fees for several buyings will be cost up to 50$  :)

yes credit card should be there for bitcoin because the person can use the bitcoin and then he can earn the bitcoin through the campgne and can be setteld for what he had spended

i don't think this is a good idea because i am thinking about the fee which we should pay. beside that, for me i don't want to use credit cards because i am too afraid for the fee and i am thinking about how can i paid the money for that credit cards. i'd rather use debit card than credit card because i think its more safe for me.

It wont work in the future , crediting is a debt so if we borrow money on it and paid in bitcoin basis it would be a lot more predictable because of bitcoins volatility. example todays bitcoin value is $7000 dollars and credited it to your atm then tomorrow bitcoin increases to $7500 , it would be a lot to paid than you borrowed.

Giving credit card will involve the banks and involving the bank will also involve fees,It is not a good idea it should be lift the way it is.

I think that would be great for those someone who has high salary a month or a rich person because imagine how credit cards make you non stop buying things and after that you pay so many debt on the bank so credit card is nice but i think not all will apply to that.

Surely that idea won't work, bitcoin is decentralized no one behind in this crypto currency and also the price it is not stable of being volatility. Debit card it means you spend you own money while credit card something to borrow just to spend. Then who was managed on this it needs more stuff to work. But we can't predict if there's some one company to manage this kind of proposal.. Maybe!

If the card was debited, it would be good) But it is a credit card. How will you control costs when the course is constantly changing.

With a card transactions could be easier for some people. You don't need your PC for that so yes, it is a good idea

Pretty good if it will be made available,because this will make transactions easier and comfortable,no stress of finding away to convert your bitcoin to local fiat currency.

I think, for the majority of people, credit cards loan is an evil. :-\

it's good if there are credit cards for bitcoin players but where the manufacture may have to go to neighboring countries first to make it or in indonesia there is a place, please let me know.

And who will release a credit card for bitcoin users? Banks? Lol. Not gonna happen dude. And its not wise to use money you don't have for something as unstable as btc. It's not even for consideration dude. Logic says invest only what you can afford to lose. Using credit cards doesn't only violate that, you're spending money that's not yours

Its would be cool its would be to easy to transfer and easy to gain if its will be i will get this card

Debit card is the most suitable for bitcoin  adoption. There are already a token like Monaco and TENX that would provide this kind of service where you can use their card and convert your cryptocurrency into fiat to make a purchase.

A credit card would not work as others have said, the risks would be to great for any institution to handle-due to the fluctuations in BTC value, debit cards exist that allow you to spend in fiat currency and pay the card in crypto.

Yes, definetely for easier and quick transactions but somehow it will take risks (many possible situations - fraud, hacking, scam and many more) and can affect the whole Bitcoin community/users. We can notice that even though it is not yet established, Bitcoin its name is famous and a huge name for everyone notice it :)

Many functional credit cards have evolved over time. In the future bitcoin credit cards will become the prevailing payments instruments in the world

why we should use credit card for bitcoin?? while we have wallet to make instant payment, credit card is very vulnerable of carding and stolen information, it will be very dangerous to transaction with that card especially if you have a lot of bitcoin on that credit card.

bitcoin is a good credit card for a single withdrawal to do abroad there is a bitcoin machine there that bitcoin and legit may be withdrawn from the bitcoin there because the government approves the bitcoin in their country so It's a good idea to have a bitcoin credit card but should be 100% secure bitcoin

The invent of Credit card for local currency makes financial transaction easy and reduced risk of loss of local currency. also make purchases online and in business places handy and seemly. So having a credit card for btcoin user is applauable.  making transactions with bitcoin anywhere with  credit card as an equivalent of the local currency you're purchsing something with. Its a very robust idea.

The concept is good I guess. But dream big. I would like a universal credit card that can be accepted by any banks. There can be a system where in you are the one who manually transfer the amount from your crypto wallet to the card, the amount would be in fiat or USD for it is quite the medium being used. So that it will be easier to withdraw wherever you are.
On the other hand, I guess fees will be huge  ;D

Visa already blocked all crypto related cards on my country. Mastercard works well but there are delays on payment system. If you cant beat it join before losing the game. Visa should do something about it before it is too late.

well there are so many options of altcoins who issue a credit card where you can put your btc as well, but btc can`t issue a credit card as it is a decentralized thing.

I think he/she means like a ready to access no internet and loaded in to a hardware like nfc's etc something like that.
as a matter of fact there is a person who stores his coins in his hands and it is like a credit card for him. he will touched only the scanner and the payment will done or something like that..
it is much more easy than sending and taking addresses right?
I think the creator of this thread meant what I was saying hehehehehe
take not ditcoin also making a new way of credit card or something like that heheheh