Bitcoin Debit Card

[zimmah]

coinkite also has debit cards for bitcoin

[Bitcoin_Evolution]

Couple weeks ago Hong Kong company Cryptex Card announced bitcoin debit card in near future.

[keithers]

Credit Cards and Debit Cards are very different.   Are we trying to come up with ideas for a credit card or debit card?

[jbreher]

What would be the purpose? Only to be able to spend bitcoin (albeit indirectly) literally anywhere Visa is accepted. Sure, this is an interim measure, but hugely useful as we wait for the world to catch up to us in bitcoin adoption. The significance of this is large. Sorta like a BitPay/Coinbase type conversion solution that we get to drive from the buying end of the sale, rather than waiting for the seller to adopt.

I'd not before been aware of coincashcard. If legit, I'd sign up immediately. Kind of expensive, but that will likely change as competitors enter the market. The site is largely devoid of concrete info though. Has anyone here used their services? Who is behind it?

I'm sure you could buy prepaid debit cards with bitcoins, but what would be the point? It'd be much easier to just pay with a phone or have someone scan your qr code and you put your pin in like you do on a regular chip and pin or something.

You're not getting it yet. With a Visa-branded card funded with bitcoin, you can spend your money literally everywhere that takes Visa. (What's Visa's tag line? Oh yeah. Visa - everywhere you want to be). The seller doesn't need to display a QR code. They already take Visa.

[bountygiver]

really using BTC on credit cards requires you to deposit them to another company, which converts to government money immediately to pay for retailers.
What's the point?

[jonald_fyookball]

Hmmm... Does anyone sell a pos swipe system that connects to the blockchain?

[keithers]

Hmmm... Does anyone sell a pos swipe system that connects to the blockchain?

I believe there is something like that in the works. I remember reading about it a few weeks back. I haven't used the Blockchain merchant app yet, but from what I have seen, it looks like a POS system could be integrated if you know what you are doing.

[billysweird]

Hypothetically what would stop something like the following being a real possibility in making the acceptance of Bitcoin a bit easier for Merchants

Having a Bitcoin "Credit Card" embedded with a static public address.. magnetically coded into the card like we have now
Having an organisation that works like an Exchange and can hold your Bitcoins on that address but also work as a type of "backup" if your payment doesn't go through

You could pay with 0 confirmations and the company would take the risk if for whatever reason the transaction doesn't go through..but charge an extra small fee for each transaction to cover the costs if they can't recoup them from the user

Of course there would be all the security concern on signup but it wouldn't be any different for signing up for a normal credit card

Magnetic readers are a dime a dozen it wouldn't be hard to set one up to transfer to a specific account with a displayed read out etc..

What's everyone's opinion?

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I think if the bitcoin is used by everyone, and it is accepted by the world, credit card will come true.

[durrrr]

there is actually a company that is starting to create a debit card that u can us ebitcoin to purchase anything anywhere and it automaticly changes bitcoin to cash. and so on.

should be coming by end of june and pre order urs now