Video of buying IphoneX with Bitcoin in Store! Even grandma can use bitcoin now!

[bigdogdan2]

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/944898142809542657

Use 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!!

[ClarksonI]

"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

[bigdogdan2]

"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!

[stompix]

No, the guy bought that phone with fiat.
Not with bitcoins.

If I sell a sheep to the market and then with that money I buy a night time with some ....girls....it doesn't mean that suddenly whores in Europe are accepting sheeps.

You're just selling you coins and then paying with fiat.
And you're doing exactly what Bitcoin was supposed to get rid of.
A 3rd party payment processor that is taking a fee.

Oh, and nice thing having your money in a wallet controlled by a bank.
Genius!!!

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)

[likeBTC]

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.

[bigdogdan2]

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/

[bigdogdan2]

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.

[tomahawk9]

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.

Bro, are you getting paid to shill on this thing? Like stompix said, there's no point in paying with bitcoin if you still use a 3rd party as the middleman for transactions, that defeats the purpose of cryptocurrencies, especially the whole point of Bitcoin. And why would anyone want to have a wallet in a centralized exchange or company? especially a company from the banking system? Quoting Andreas Antonopoulos: "not your keys, not your Bitcoin".

And what high fees are you talking about? That was a few days ago when the network was under attack with spam tx.
The mempool is currently clearing and it is now accepting fees in the 200 Sat/b range. Unless another attacks occurs, we should return to normal fees in the next few days. So, are you going to keep the same argument by then?  or are you going to make another post but with a different argument attacking Bitcoin? let me guess, you're going to say that Bitcoin takes too long to confirm transactions so your centra card is the solution...correct? too easy  

[RealJoshuar]

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..)

[JanpriX]

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. 

[mrbnson]

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/944898142809542657

Use 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!!

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?

[ashao1015]

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.

[vicvicto17]

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.

Xrp is centralized yes it's fast and cheap. We want decentralized coins that makes people take care of his/her privacy at this moment. XRP is sitting aroud $1 and we will see a good news for the following weeks, bull run is coming that makes crypto traders rich

[bigdogdan2]

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.

[bigdogdan2]

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.

[bigdogdan2]

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.

[bigdogdan2]

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/

[bigdogdan2]

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..)

Its all in the eye of the beholder.  Say if you gave a crypto debit card to your family member or your coworker (that didn't know about crypto) and they purchased something and saw crypto deducted from their wallet.  They would go tell all their friends that they just used crypto.  This is how you build crypto awareness.  This is how you increase overall crypto marketcap.  Its good for crypto sir.

[pooya87]

as other pointed out already this is not using bitcoin, this is using a third party and going through fiat route to spend cryptocurrencies that you do not even own, you own an account with them (the bank-like service) and they allow you to use it.

besides, using bitcoin has never been hard. you use something like your phone which almost everyone owns one and scan a QR and click OK and payment is complete!
understanding how bitcoin works have always been hard, and since bitcoin is new (not like fiat) everyone feels like they have to understand it fully before they start using it.

[gredisgold88]

good news, last year only bitcoin alone can be used for purchasing items, and now altcoin is also well received. a debit card with cryptocurrency is likely to make a decentralized update system.