Good times for the projects that make cryptocurrencies spendable

[kriptomaniac]

It seems that good times are coming for the projects that try to make cryptocurrencies spendable through a debit card system, like TenX, Monaco, Centra, Bankera, etc.


Large multinational companies in the debit card sector such as Visa have already realized the great business they have in sight. The demand will be huge.


Informations like this give some clue as to what may happen: https://cointelegraph.com/news/singapore-residents-clamor-for-bitcoin-backed-visa-cards


Do you think that, in general, these multinational companies (Master Card, American Express) will try to reach agreements with the cryto projects that are already in operation (such as Visa with Monaco) or will try to launch their own initiatives to impose their supremacy as they have done until now?  

[twobits]

It seems that good times are coming for the projects that try to make cryptocurrencies spendable through a debit card system, like TenX, Monaco, Centra, Bankera, etc.


Large multinational companies in the debit card sector such as Visa have already realized the great business they have in sight. The demand will be huge.


Informations like this give some clue as to what may happen: https://cointelegraph.com/news/singapore-residents-clamor-for-bitcoin-backed-visa-cards


Do you think that, in general, these multinational companies (Master Card, American Express) will try to reach agreements with the cryto projects that are already in operation (such as Visa with Monaco) or will try to launch their own initiatives to impose their supremacy as they have done until now?  

You must never mention the bankera project because that already made by the scammer from the spectrecoin debit card service which already stolen a lot of money. You can see a lot of the accusation against the bankera project. Crypterium will be the next debitcard system. But tenx already worked in some merchants afaik.

[danherbias07]

They might have already made a team that would focus on that or it is already done but cannot be implemented due to restrictions with the government policies.
I think there will be rules for this or another tax that needs to be paid which makes them worry about the risk they will take.
You know thid businesses, they dont want just ROI, there should be profit.

[Coin12]

As we know there are some big company who work in internet just laucnhed their own crypto.
I think they might be better do research for their own crypto instead of dealing with other company.

[kriptomaniac]

It seems that good times are coming for the projects that try to make cryptocurrencies spendable through a debit card system, like TenX, Monaco, Centra, Bankera, etc.


Large multinational companies in the debit card sector such as Visa have already realized the great business they have in sight. The demand will be huge.


Informations like this give some clue as to what may happen: https://cointelegraph.com/news/singapore-residents-clamor-for-bitcoin-backed-visa-cards


Do you think that, in general, these multinational companies (Master Card, American Express) will try to reach agreements with the cryto projects that are already in operation (such as Visa with Monaco) or will try to launch their own initiatives to impose their supremacy as they have done until now?  

You must never mention the bankera project because that already made by the scammer from the spectrecoin debit card service which already stolen a lot of money. You can see a lot of the accusation against the bankera project. Crypterium will be the next debitcard system. But tenx already worked in some merchants afaik.

You are right, twobits. As you say, I just realized that one of the advisors of Bankera is Antanas Guoga, who has appealed linked to the Paradise Papers that have revealed several newspapers. Antanas Guoga could have evaded money from the Lithuanian tax office to avoid paying taxes.

[coinplus]

Good times are actually on the way and I am really looking forward to those times when we get to spend our cryptos easily even without having to log in every time. Real-life usage just like a normal currency. It is very possible most of these multinational companies may come up with their own initiatives; however, it is obvious that as they keep advancing, and more developments coming up, we will start seeing some integration with the ones already on ground.

[EcoChavCrypto]

We are still facing those times, and the whole bitcoin community is growing, in their entire team they should have a guy who is insterested on cryptocurrencies, and i am not wrong with that , everybody knows what cryptos are.. They are probably going to develop something with cryptos, but once that they do it, all those companies like tezos, monaco, bankera, they all will go to hell because they are going to be the first competitor with the new features that visa/mastercard/ or whatever is going to accept bitcoins first.

[Kevin77]

They might have already made a team that would focus on that or it is already done but cannot be implemented due to restrictions with the government policies.
I think there will be rules for this or another tax that needs to be paid which makes them worry about the risk they will take.
You know thid businesses, they dont want just ROI, there should be profit.

Definitely, every investors or innovators are out for profit, but I feel there is going to be a lot of profit from all these. It is lucrative, the market is huge and there is so much room for development as time goes on. Restrictions for sure for a start would really be some issues to deal with but it is normal and over time, they may just have to abide by the rules.

I still see them more like exchanges too anyway and so being taxable is something that is normal.