Hey everyone,
We are developing an all in one payment card that replaces your entire physical wallet and allows you to spend your BTC just like cash at any merchant.
We are hoping to get some good feedback from users as we finish development of the system, would you use it? What features do you want to make sure we incorporate to make it useful?
You can also check us out at
www.gobitstripe.comBrief overview:
*1-The card itself is powered by a small microcontroller and has Bluetooth connectivity. It communicates with our app on your smartphone to dynamically update its magstripe to emulate whichever of your cards it needs to. We have security features in place that block attempts to add cards not assigned to you.
*2-Your BTC stay exactly where you have them now, basically when you want to add cash to your card the application gives you an address and once the BTC are received we automatically authorize the funds to be spent on your card. The timeframe for this is dependent on the BTC transaction confirmation time, otherwise it's essentially done in real time. This allows you to time your, say BTC-USD per the market s
Whenever you need cash.
*3-magnetic stripes are pretty low security and can be cloned with $10 of equipment if your wallet was ever lost or stolen. Going to a dynamic card actually greatly increases your security by requiring authenticating via either checking to see if your phone is near (and so are you hopefully) or by needing to enter a PIN on the card itself.
Wish luck, I honestly hope you can make this happen, will be a good step for a small business to take a bite before other large companies jump on it
