Bitcoin Forum

 ???

Please share, personally I think this is what can jumpstart mass adoption.

Morally against debt cards IMO.

Would hate to link my sweet sweet Bitcoins to one.

which bitcoin debit card? There are a few .. Xapo, etc but only one that really works :-)

I meant all Bitcoin Debit Cards in general.

An actual plastic card?

I guess it would be handy on areas or whole countries or small stores.

But with NFC payments coming everywhere there will be no need.

The bolded may be true but the average American doesn't even know what NFC is lol

That's true. I actually learned that google had a similar pay method to apple pay from long ago but no one cared.

Qr codes too would be a card killer.

Using a plastic card to spend Bitcoins is actually a bit of a step back. 

But sometimes a tech has to take one step back to take two steps forward. 

It is bootstrapping. 

In 10 years from now if Bitcoin is big, those cards will be trash.

But if I was a miner mining 3 years ago with a fat bitcoin wallet, I sure would like one of those cards today!

It might be a step back but businesses aren't going to implement a whole new payment system for just one currency when swiping a Card is 10 times easier and currently implemented.

Exactly right :)

We are talking about those small sized shops that won't update their systems because they cannot afford them. A plastic bitcoin card would be way to bring bitcoin to them.

I think the bitcoin debit card is fully loaded with bitcoin. When going to stores who are not implementing bitcoin payment terminals, you swipe the bitcoin debt card and the card issuers immediately convert the bitcoin from the balance of the card to fiat then debt to the merchants' account. It may be tipping point to get bitcoin adopted by masses.

yeah, im sure it is more complicated than that but the general idea I think is great.

I bet some older folks have already thought and maybe came up with something.. Would like to hear from more experienced people on the fallbacks..

I see it as an interim step until more mobile wallets are available. Bitcoins are worthless if they are only hoarded rather than being used to trade with, so helping to put them to use is a good thing.

It will take years before a mobile wallet takes off. Look at Google Wallet for example, I think a Debit card is the way to go. ;D

They suck.

Exactly my thoughts, plastic and paper is real for the masses, not O's and 1's ;D

NFC payments are great ... as long as it doesn't involve a phone. I really don't want to lose the equivalent of my wallet when I lose or break my phone. I destroy many phones a year. I just broke one last week in a minor motorcycle accident.

Putting everything on your phone -> single point of failure.

we will exploit all those points, until the pool is dried and move to the next one. The locust group is undefeatable. Or make peace, or you will discover what bear foot running barbarians mean.

Can you elaborate?

If it's anonymous, I could enjoy one. But it has to be like a real debit card, I mean usable everywhere in the world. You'll load it with BTC and it will debit local fiat currency if you shop at a place which doesn't accept BTC.
I'll pay 0.05 BTC to get one. Maybe more if it comes with more services.

No, it is not, if you just make a backup.
Bitcoins are never on a device, they are still on the blockchain and you need a private key to access them. You can backup a private key, so I don't see any problem there.
(I wonder, why someone who is a Hero Member, just don't understand that simple principal.)

What ? a Physical real Bitcoin Debit card ? :o Can you link me to that please , how to get one

https://xapo.com/

If your someone with a lot of bitcoins then yes it seems like a good idea.

I just read about a group putting out 1 Bitcoin Wallets .com as a project, Tied to 1 Bitcoin Bank .com

Chartered out of Caymans they say. They want to have a legit bank to convert wires into a minimum 1 bitcoin wallet that may be tired to a bank card too from what I read. BTC is still in it's infancy and the Net needs a digital currency IMO for gambling and adult stuff and even drugs if you are into it. So the dark side of human vice will fuel BTC financial development and Caymans is the last haven for dark currency.

It defeats the purpose of bitcoin, which is to not fall into the same traps that debit cards started: an economy based on debt.

makes no sense to create a layer of "trust" in a trustless system ! ---> how about simply print out a paper wallet?...*plastic cards are like for credit cards and food stamps (~enemys of bitcoin) :-D haaa

I think, you misunderstand the term debit card. Debit Card means you load money on it before you can pay with it. Credit card means, you can pay without actually having the money.
You can't have a negative balance on a debit card, so there is no debt.

Do you get the card to your house or what ? I registered and all but I don't see when I can order it :o

What!?

A debit card is the total opposite, with a debit card you can only spend what's tied to that account. If I only have 1 btc on my Bitcoin Debit Card. I can only spend that 1 btc and nothing else. What you are referring to is a Credit Card, where a bank lends you electronic money.

I can't see Bitcoin taking off  if people have to print out a paper wallet just to buy groceries and buy gas.  ;D :D ;)

Why not? Why wouldn't Bitcoin adopt all forms AND create new ones too.

But Xapo I don't think is the solution..

The way I think works.. is transaction happens in Fiat at the POS... XAPO just takes the exact amount plus a fee from your bitcoin bag.

The Bitcoins only travel between XAPO and the Bitcoiner. Not through the Merchant.. I believe and correct me if I am wrong.

So this is not a solution at all. For Bitcoin to spread its wings, the coins need to flow through The Merchant, The POS AND The bitcoiner or bitcoiner-ette.

In Xapo's case, the merchant never sees the coins.. so what is the point?

The point is you get to spend your at a place where they won't normally take btc. Most businesses aren't going to accept Bitcoins based on the fact that it's new, unregulated and the creator is unknown.

Well, I think you just won the post :P

I guess I was going for having the merchant be part of the bitcoin cycle but you are right.

Haha, I didn't win. We just got into a healthy little debate.  ;D

 ::)

Do you use Xapo?

Looks very professional! Will do some research into it.

Please do so and let us know... anybody can create a professional looking website now :P

Can someone explain the added value of Xapo over typical fiat currency denoted debit cards?

The number of currency conversions is the same or even higher. Is there a difference in conversions fees between let´s say BTC--> EUR or USD --> EUR ?
The only advantage I see is for people without a bank account.

Thanks

Well, I just got schooled by caribbeanbitcoiner here haha

So it doesn't have an added value I believe compared to using fiat cards. What it does, it opens up the possibility of using your bitcoin anywhere.

If they take debit cards, now they take bitcoin thanks to Xapo.

My initial concern was over making bitcoin more acceptable. The above does not open bitcoin to the merchant as the merchant will not even know bitcoin was used as payment.

Basically the merchant charges Xapo, Xapo charges you and takes form your Bitcoin stash. Simple as that.

Check their website regarding conversion and fees.

No but I like the idea of it. It's a great way for people with a sizable amount of btc to spend their savings

That's totally true , beside I really cant find any button or anything to order that Debit card :o (Yes I made an account)

They ran into some problems issuing Debit Cards to US account. I read it somewhere online, they haven't found a sponsoring banking in the US to assist with issuing cards to US customers. So they had to pull cards from US customers.

Try ANXBTC (they also offer a Bitcoin Debit Card)

XAPO and ANX are both mBank.
Do i need to say more?

What is mBank?

http://www.mbank.pl/en/

??? Im lost ???

I think it's a great idea and will help with mainstream adoption. It makes bitcoin more available and easier to use which will support the demand and ultimately increase the price I think.

I work for a bitcoin trading platform called Coinarch and we do a daily bitcoin update for anyone interested.

Daily Bitcoin Update

Bitcoin Black Friday, a global push to encourage bitcoiners to spend on special deals offered by bitcoin accepting retailers, came and went over the weekend. Its kick off late Friday UTC time may explain a run up in the bitcoin price around this time from a low in the mid-350s to a high in the mid 380s and on the cusp of overbought territory.

Strong selling pressure around the 384-386 resistance level caused the price to pull back from here and fall back towards the daily moving average (see the 4H Bitfinex chart below). From there, the price briefly shot up to (and back down from) the 390 mark but largely trended sideways in the absence of major buying or selling signals.

All in all, a pretty uneventful weekend session with market indicators pointing to a neutral outlook.

November 30th Bitcoin Trading Session

The BTC/USD opened the November 30 trading session at 379 and continued to move sideways on low trading volume. The price at present sits above the 200-, 100-, and 50-hours SMAs, while the RSI sits at around 52. Overall, this indicates neutral-bullish sentiment in the market, meaning the price could potentially move up in next 24 hours in the absence of any bearish surprises or sudden strong selling.

What to Expect Today?
While the neutral sentiment implies the potential for the bitcoin price to move in either direction, the charts suggest the market bulls are outnumbering the market bears at present. We therefore see the potential for bullish sentiment to prevail in the first trading session of December and expect the bitcoin price to test the key resistance level of 385-390. If the price can break through here, we see the potential for the price to quickly test 400.

On the flip side, if any short term selling pressure causes us to break through the near-term SMAs then we see support at around the 350-360 area. A break below 350 could open up the possibility of a long-term bearish outlookand bring last month’s low of 320 firmly into play.

Conclusion
Current Mood: Neutral-Bullish
Moving Averages: Buy (7 Buy 5 Sell)
Technical Indicators: Sell (1 Buy 5 Sell 5 Neutral)

I think a plastic card that holds BTC is essential if Bitcoin became the main currency of the world. Here are the reasons:

1) Most people do not have smart phones.
2) Some people just hate technology and do not want to bother using their phone (country boys/farmers). They rather take the plastic out of their wallet and use that payment system.
3) Old people would not be able to adapt to the QR code way. My 70 year old grandmother would never figure out how to setup a bitcoin wallet on her phone.

Some kind of handheld thing is needed for Bitcoin. Hardware wallet could be a option, but I personally think a simple plastic card would be the best solution.

The truth is most people who use phones to text and check social media won't have enough battery power left to use it for bitcoin purchases.

Maybe it's me, but BTC-e.com had the option to withdraw dollars to a debit visa or mastercard. But the option seems to be removed.

https://paycoin.com/

well no mention yet of what GAWs doing, i have to admit that they are bold to try something on such a scale, they had a lot of investment in this and if they get it right, then I am in.

You deal with a bank manager for a loan or similar, its very much "computer says no" and thats based on your credit history in the uk, they dont actually listen to your story and decide based on facts.  To transfer your money to online methods, then to request loans/mining/profitable ideas and to spend your rewards easier with a chip and pin card, fantastic.

Oh my gosh! You are so right my friend! Social Media makes me sick.... :o
People just love throwing their personal information away! Goodbye Family Vacation Photos Taken in Mexico! You now belong to the internet forever!