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Author Topic: Washington Post: "You can now pay with Bitcoin practically anywhere"  (Read 2603 times)
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November 21, 2015, 04:29:54 PM
 #21

I though there was similar service just like BitPay & became very popular.
It's just another bitcoin debit card, we already know lots of bitcoin debit card.

But, i think it's not much different than use normal debit card because fees still same & you just sell your bitcoin when you make transaction.
Also, they might charge you extra fees for converting bitcoin to fiat & you're no longer anonymous.

Not really innovation, but it it's become popular, maybe more people will use bitcoin.

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November 22, 2015, 12:40:37 AM
 #22

It can not be accepted in other countries and not even in all of the united states Roll Eyes
Try and use that debit card in another country. You will be denied guaranteed.  Undecided
I like how an american publication says "Everywhere" when it is only accepted in their country and not even in it's entirety.  Tongue




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November 22, 2015, 01:04:07 AM
 #23

It can not be accepted in other countries and not even in all of the united states Roll Eyes
Try and use that debit card in another country. You will be denied guaranteed.  Undecided
I like how an american publication says "Everywhere" when it is only accepted in their country and not even in it's entirety.  Tongue

It's a Visa card. That's accepted everywhere. What is restricted is where you can obtain it in the first place.

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November 22, 2015, 01:06:45 AM
 #24

misleading or not, big step forward in adoption Smiley

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November 22, 2015, 01:15:26 AM
 #25

It can not be accepted in other countries and not even in all of the united states Roll Eyes
Try and use that debit card in another country. You will be denied guaranteed.  Undecided
I like how an american publication says "Everywhere" when it is only accepted in their country and not even in it's entirety.  Tongue

It's a Visa card. That's accepted everywhere. What is restricted is where you can obtain it in the first place.
This is a prepaid visa card but for bitcoin then. Why say it is a debit card at all  Huh

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November 22, 2015, 01:16:47 AM
 #26


This is a prepaid visa card but for bitcoin then. Why say it is a debit card at all  Huh

You're debiting your Bitcoin account?

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November 22, 2015, 01:19:36 AM
 #27

Wired: "Coinbase Just Debuted the First Bitcoin Debit Card in the US"

http://www.wired.com/2015/11/coinbase-unveils-countrys-first-bitcoin-debit-card/
I think he was referring to the one that coinbase put out as that one is a debit card.
This thread is about the Shift card which is a Visa card and not a debit card.
Why bring this news about coinbase's offering into this thread?

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November 22, 2015, 01:23:09 AM
 #28


This is a prepaid visa card but for bitcoin then. Why say it is a debit card at all  Huh

You're debiting your Bitcoin account?
Two completely different cards here being discussed. Sorry for that. I was talking about the debit card from coinbase and not the visa card.
I think there is another thread discussing debit cards exclusively for bitcoin.

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November 22, 2015, 01:33:25 AM
 #29

It can not be accepted in other countries and not even in all of the united states Roll Eyes
Try and use that debit card in another country. You will be denied guaranteed.  Undecided
I like how an american publication says "Everywhere" when it is only accepted in their country and not even in it's entirety.  Tongue

It's a Visa card. That's accepted everywhere. What is restricted is where you can obtain it in the first place.
These should be incorporated into one:
https://bitcointalk.org/index.php?topic=1256638.0




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November 22, 2015, 08:03:04 AM
 #30

In this way, coinbase acts as a kind of an exchanger. You save the money or bitcoin there and exchange it. It is quite handy. But you should only use it, when you use it.Bitcoins are better stored in hardwarewallets or softwarewallets, also mind and paper wallets, where you own your private keys.

   

 
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Amph
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November 22, 2015, 08:48:59 AM
 #31

In this way, coinbase act as a kind of bank. You save the money there, you then use the bitcoin. It is quite handy.

it's only good because there is insurance otherwise with all the regulation and rigid rules and the tedious waiting times, it would be avoided completely

also i'm not sure how coinbase work with europe and their IRS legislation...it will not apply i think
the_poet
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November 22, 2015, 08:53:03 AM
 #32


Exactly. Many people here seem to forget that what's not news for them may be for the average Joes out there.

A successful man is one who makes more money than his wife can spend. A successful woman is one who can find such a man.
Blue_Tiger73
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November 22, 2015, 09:55:56 AM
 #33

The headline is misleading. It's a bitcoin debit card only available for residents of some american states. The EU is discussing cracking down on virtual currencies and prepaid cards, so I doubt it's going to be offered to EU citizens. Besides, bitcoin debit cards are nothing new, a number of exchanges were already offering them but with high fees.

Quote

There is a catch: The card is currently only available to residents of Alabama, Arizona, California, Delaware, Georgia, Idaho, Iowa, Kansas, Maine, Mississippi, Nebraska, Nevada, New Jersey, North Carolina, North Dakota, Oklahoma, Pennsylvania, Puerto Rico, South Dakota, Texas, Vermont, Washington, West Virginia and the District of Columbia. That's two-dozen regions in all.

Yeah, that does kind of suck. It is unfortunate that the EU will probably not get the Bitcoin debit card. It is the EU and Bitcoin that will lose out, not America. I feel sorry for you.
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November 22, 2015, 10:37:27 AM
 #34

The headline is misleading. It's a bitcoin debit card only available for residents of some american states. The EU is discussing cracking down on virtual currencies and prepaid cards, so I doubt it's going to be offered to EU citizens. Besides, bitcoin debit cards are nothing new, a number of exchanges were already offering them but with high fees.

Quote

There is a catch: The card is currently only available to residents of Alabama, Arizona, California, Delaware, Georgia, Idaho, Iowa, Kansas, Maine, Mississippi, Nebraska, Nevada, New Jersey, North Carolina, North Dakota, Oklahoma, Pennsylvania, Puerto Rico, South Dakota, Texas, Vermont, Washington, West Virginia and the District of Columbia. That's two-dozen regions in all.

I don't know have these EU effects already taken place, but yesterday when I logged into my Coinbase, they have asked more personal informations from me even though I have already bought several times some smaller amounts with my credit card. Maybe they have already made rules stricter for Europe.

About this card, I don't see anything revolutionary about it. Bitcoin wasn't meant to be about this. But I guess that this is just a step until we won't have big adoption and until we won't be able to spend our coins everywhere. Then we won't need these kind of cards!
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November 22, 2015, 11:19:13 AM
 #35

I prefer to pay direct with Bitcoin and not with another card.
I will continuing not to use coinbase.No reason for me to do so.
Let's see how long it will take them to require fees for that.
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November 22, 2015, 12:18:52 PM
 #36

I don't get why this is exciting or news. You can already spend bitcoin anywhere on the entire planet by selling it for local currency first.

With bitcoin credit card, you can use the bitcoin directly, without changing it to fiat first. It is very convenient for bitcoin owners. This is part of effort to make bitcoin useful for purchasing.
If there are discount or cash back (bitcoin) for card holders, it is even better.

what are the fees?
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November 22, 2015, 12:29:32 PM
 #37

I don't think so. It might even be step backward. Because Bitcoin 'adoption' is direct bitcoin acceptance, and not ability to pay with debit/credit card which exchange your coins to FIAT.
It may even discourage merchants from introduce real direct p2p acceptance.


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OrientA
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November 22, 2015, 01:58:42 PM
 #38

The headline is misleading. It's a bitcoin debit card only available for residents of some american states. The EU is discussing cracking down on virtual currencies and prepaid cards, so I doubt it's going to be offered to EU citizens. Besides, bitcoin debit cards are nothing new, a number of exchanges were already offering them but with high fees.

What the title means that you can pay with the card anywhere in the world as long as they display the visa logo. This is very significant step in the adoption of bitcoin. Even though this card is only available in some states in the America, I believe it will be available to other states in the future. It is better to be available in a limited number of places to test its usability.
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November 22, 2015, 02:19:59 PM
 #39


First cannot be called a main post a post with only one link and without any comment on it. Everyone can find such news everywhere and put the link of the article in a main post and create a thread. But the threads are created to give thoughts. Firstly by the author of the thread which must tell him's thoughts first. The OP can tell that the news speak itself and don't needed any comment. If so why create the thread? If cannot told nothing by no one why create the thread? I can tell for example that the creation of such kind of cards is not new. Are even other providers who offer such kind of service. It is important that this card has its publicity by The Washington Post. This is the very news. As for the creation and the offer of the debit card ......
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November 22, 2015, 02:39:29 PM
 #40

This is great news! It a sign that biitcoin is becoming increasingly accepted. We can now consider that bitcoin is going mainstream.
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