The idea of buying things using crypto is great and that has been one of the target of usage in years. But, I'm not sure if I'll be happy if these transactions will still be handled by third party companies. What I want to have is some kind of straight payment using cryptocurrencies where the coins and tokens are directly paid to the wallet of the store and not handled by any other institution. I know that some stores are already doing that but I hope that this will be adapted by many stores in the future. It would be great if we could buy our clothing from a department store using BTC or Waves for instance.  Centra is planning what are you discussing. If you look on Centra roadmap is Centra merchant services in Q2 2018. The plan is to allow merchants to be able to accept CTR and other tokens supported by centra directly if they sign up. If people are already using the centra wallet, then this process becomes a little easier. https://centra.tech/roadmap/ |
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While such things are great and it's a really big step it's still nowhere near to being able to use bitcoin as a currency in itself. In fact I feel like we will never get to that stage. How is it in terms of cost effectiveness? Are there big transaction fees or poor rates of conversion?
There is a saying....Rome was not built overnight... We are no where near using bitcoin as currency. But it will never get that way if more than 50% of the people are scared to use it because its either too complicated for them or they are scared from all the exchanges getting hacked and people loosing their money. The card is a temporary bridge. If your parents have a card and are starting to use bitcoin (with fiat conversion) this opens the door for them to get more interested in it and actually read about it. The more people that read about it the faster the bitcoin adoption will happen. I'm not saying its gonna happen over night. But the debit crypto card pushes it in that direction. And addressing the fear of many people who don't know crypto is many exchanges are getting hacked and people are loosing their funds. People can now relax a little because Like coinbase, any funds you keep in the Centra wallet is insured from network hack or employee theft as mentioned in the white paper. |
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As I understand he paid it with fiat. Why btc then? XRP would be much cheaper and fast enough. And also banks like XRP a lot. Idea of the card with third party as bank is not great imho but it's good for the promotion anyway.
I think you are misunderstanding how it works. When using the crypto debit card, BTC, XRP, Dash, etc all have no fees. No transaction fees. The crypto never left the blockchain. The wallet converts your crypto to fiat, and fiat was paid. Thus from a speed or fee perspective, its all the same. The difference is it allows you to choose the crypto you want to pay with. Some people don't have btc. some don't have xrp. You can use the crypto that you do have and skip the conversion step. |
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Scam. Your post is false. You're converting the bitcoin to fiat, aka you're not buying a Iphone X with bitcoin, you're buying it with Fiat...which makes absolutely no sense to use a a middle man to buy a phone, when a average person can just go buy a phone with fiat- no bitcoin conversion evolved(which makes it much easier..)
I never said paying with crypto is easier than using your credit or debit card and paying with crypto. This just gives you a alternative method. Some people have thousands in crypto and only a few hundred in the bank since they are investing. Transferring money from crypto to fiat takes a few days, this gives you the option of buying quick. Also the card allows you to withdraw from a ATM if you need fiat right away. Also its good for crypto awareness. When someone asks you what are you paying with, and you say crypto, their attention changes. |
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hope it won't be later kinda 10.000 BTC pizza purchase )
Ya, that could be the most expensive coffee purchase ever like BTC pizza, lol. It hurts to think of that pizza and its cost. |
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What's the point of paying with a bitcoin card and not with a normal cc?
Which also has lower fees than the crap centra offers...
Annual Fee: $50 in CTR*
Bank ATM Withdrawal Fee $2.50
One-Time Activation Fee: $20.00
ING does this for 0 (zero)
Right now its impossible to pay with bitcoin because of the high transaction fees. But with the card you do not have to pay these fees. That is the beauty of the centra card, you are not paying the $50-$75 transaction fee because the BTC never gets sent on the blockchain. BTC is converted to fiat at time of purchase and paid through that. So if a item cost $50, you are paying $50 worth of BTC not the transaction fee. Conversion fee is free https://centra.tech/card-fees/Yes there is a small annual fee, and a fee if you want to withdraw money from a bank ATM. But the money you save in bitcoin transaction fees will definitely make that up. |
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The only way in that you could buy something with cryptos, is just using a debit card, otherwise you are not going to be able to do that because of the outrageous fees.
$50 - $75 for transaction, it is not fair.
That is the beauty of the centra card, you are not paying the $50-$75 transaction fee because the BTC never gets sent on the blockchain. BTC is converted to fiat at time of purchase and paid through that. So if a item cost $50, you are paying $50 worth of BTC not the transaction fee. Conversion fee is free https://centra.tech/card-fees/ |
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I want to clarify at someone , the card can be used if you are not a resident of the European Union?
Yes, the card can be shipped to US, EU, Asia and be used around the world!! |
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What is the new thing that they provide? There are already tons of crypto debit cards. TokenCard, Tenx, Monaco Card and a lot more. Then why should I use that one?
You have to know the market is crowded with same products.
The thing that sets Centra apart is they accept multiple crypto (Bitcoin, Ethereum, Litecoin, Ripple, Dash, Zcash, & Monero. Next added token to be used will be Qtum and Bitcoin Cash in January) They have set it up so they can easily add new tokens and they will have ongoing community votes so you can vote your own crypto to be used. Being able to use multiple crypto lets you skip the step of having to convert your crypto. Also any crypto you keep in the Centra wallet is insured from network hack and employee theft. This would have been great on the exchange that closed down recently from a hacker.... |
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"It will be too late for Christmas, but a crytpo debitcard would be awesome for your family members. Imagine your grandma going to a restaurant and saying "I bought dinner with crypto!" She would be the coolest grandma in the neighborhood!!"
I dare not even explain what bitcoin has to my grandmother, it would be much too long and she will certainly have forgotten 5 minutes later
I had to laugh out loud at that.. You get my point though. Merry Christmas and Happy Holidays! |
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Buying a IphoneX with Bitcoin. Video of the purchase using centra card! Now any of your family members can also use crypto!!! https://twitter.com/AbraxTrader/status/944898142809542657Use your Bitcoin, Ethereum, Litecoin, Ripple, Dash, Zcash, & Monero at any grocery, brick and motar, or online! Next added token to be used will be Qtum and Bitcoin Cash in January. Community vote every month will allow you to vote your favorite token to be included to be used on Centra Card. How it works: You have a Centra wallet connected to the debit card. You select which token you want to use and when you use the card, your crypto gets converted to fiat at the time of purchase. So the receiving end gets fiat. Usable anywhere that MasterCard is accepted. It will be too late for Christmas, but a crytpo debitcard would be awesome for your family members. Imagine your grandma going to a restaurant and saying "I bought dinner with crypto!" She would be the coolest grandma in the neighborhood!! To show card also works with multiple tokens, here is buying beer with Ripple!!  |
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Person who bought the coffee with Ripple also bought IphoneX with Bitcoin. Video of the purchase using centra card! https://twitter.com/AbraxTrader/status/944898142809542657Use your Bitcoin, Ethereum, Litecoin, Ripple, Dash, Zcash, & Monero at any grocery, brick and motar, or online! Next added token to be used will be Qtum and Bitcoin Cash in January. Community vote every month will allow you to vote your favorite token to be included to be used on Centra Card. How it works: You have a Centra wallet connected to the debit card. You select which token you want to use and when you use the card, your crypto gets converted to fiat at the time of purchase. So the receiving end gets fiat. Usable anywhere that MasterCard is accepted. It will be too late for Christmas, but a crytpo debitcard would be awesome for your family members. Imagine your grandma going to a restaurant and saying "I bought dinner with crypto!" She would be the coolest grandma in the neighborhood!! |
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Well paid for coffee, so what? Now it is possible for Bitcoin, eth, ltc and other coins to buy various products. And here only coffee ..
Currently Centra supports buying anything with the following tokens: Bitcoin, Ethereum, Litecoin, Ripple, Dash, Zcash, & Monero. Next added token to be used will be Qtum and Bitcoin Cash in January. There is a community vote every month or few weeks to vote your favorite token in! The specialty of Centra is to be able to use multi-tokens for purchase and easily add them. |
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Im not a hater but using this master card will remove our privacy concerns,we used crypto to be anonymous in our transactions not to buy some coffee using it,its a centralized card you why? because mastercard is involve with it.
The end goal is definitely P2P payments all over crypto, but we just aren't there yet. So crypto cards is a short term bridge. Use a crypto card when you don't care about your transactions. And then send anonymously with normal crypto methods when you prefer to. Also think about bringing crytpo awareness. Some of your family members, coworkers, classmates will never understand crypto or don't know how to use a computer. Now just imagine if you got your grandma a crypto card, loaded it with $100 in crytpo. Now she can go spend it. And she would tell all her other grandma friends that shes using crypto now. Then your whole neighborhood is interested and the market cap grows from awareness. |
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I think it is very good, but why do we need such cards, we can cash out our coins and make purchases with credit cards
Why? Cause we are crypto people and are trying to bring awareness to the non crypto users!! Also cashing out requires you to send your tokens to specific exchanges to cash out and this cost fees and wait time depending on network congestion. |
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so in everything place with mastercard logo can we used to convert to fiat? that good, but sometimes transaction delay from network, like bitcoin, very slow and big fees
Yes any place that accepts MasterCard, you can use the Centra card to pay your bill. Good thing is Centra card and wallet allows you to choose the crypto you want to pay with. 8 Supported crypto currently with Qtum and Bitcoin Cash coming in January. You can also vote your own favorite crypto to be supported by Centra so you can use it at any store or online! |
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Best way to buy beer while watching a basketball game! With ZCash! Yes, beer was very expensive! |
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People have been getting their card and using it!!
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Centra is changing the world with its crypto debit card and insured wallet!! Now your neighbor / coworker / family member can easily use crypto! Use your Bitcoin, Ethereum, ERC20 Tokens, Litecoin, Ripple, Dash, Zcash, & Monero at any grocery, brick and mortar, or online! Qtum and Bitcoin Cash will be added in January!! Purchasing coffee with ripple!  How it works: You have a Centra wallet connected to the debit card. You select which token you want to use and when you use the card, your crypto gets converted to fiat at the time of purchase. So the receiving end gets fiat. Usable anywhere that MasterCard is accepted. Currently ships world wide!! |
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