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Author Topic: Visa/MasterCard supported Bitcoin or crypto  (Read 318 times)
Pab
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March 19, 2019, 09:57:43 PM
 #21

Just curious.. Why would someone want to use a Visa/Mastercard through which crypto currencies can be used. You are using bitcoin or other crypto currencies because the system decentralized. You want financial freedom and you want to make sure no one controls your money and you are the sole owner of the coins you have. But, if you use it through a visa/mastercard, the whole point of crypto currencies becomes void. Why don't you use the regular fiat supported visa/mastercard?

There are people who earn crypto here and elsewhere but live in countries with either no exchange or really bad options. A card will be their most painless option to pay for life's necessities. Bangladesh certainly falls into that category.

I'm in the UK, a place where there are few problems converting. But there's hardly anywhere to spend crypto directly and banks still get twitchy if you're moving in and out of exchanges. A crypto debit card is very convenient for me as well.


In my country Exchanged has been forced to move to outside location and banks are able suspend account after receiving transfer  from exchanges
It is illegal but they don't care.Customer can only open case in court it can take years to be solved

 
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imstillthebest
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March 24, 2019, 03:36:50 AM
 #22

Just curious.. Why would someone want to use a Visa/Mastercard through which crypto currencies can be used.

carrying a credit card is more convenient especially when you shop and dine locally. crypto cannot be supported by most merchants , thats why we need a third party service such as visa because almost every merchants accepts and recognize it  .  

You do not need a credit card if you know how to use bitcoin. It can be done, I cut up my cards in 2012 and have not looked back.

most people do already know how to use bitcoin but why they still have credit cards ? when you cash out , you will be using banks and you need credit cards to withdrew that money  .  sure you can use other cash out method but credit cards cash out are still easy and less hassel than others . too bad you already cut out you credit card  , i feel sorry for your loss .
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March 24, 2019, 07:19:34 PM
 #23

...
You do not need a credit card if you know how to use bitcoin. It can be done, I cut up my cards in 2012 and have not looked back.

most people do already know how to use bitcoin but why they still have credit cards ? when you cash out , you will be using banks and you need credit cards to withdrew that money  .  sure you can use other cash out method but credit cards cash out are still easy and less hassel than others . too bad you already cut out you credit card  , i feel sorry for your loss .

I have suffered no loss. Because of bitcoin I simply do not need credit anymore and have learned what a suckers game borrowing is. So I don't cash out or pay bank fees or credit-card fees or risk my identity, I buy it with bitcoin. No matter if the purchase is a house or a light bulb.   

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March 24, 2019, 08:47:51 PM
 #24

So I don't cash out or pay bank fees or credit-card fees or risk my identity, I buy it with bitcoin. No matter if the purchase is a house or a light bulb.   

How?

Where I'm at the number of places where you can pay with BTC was minuscule to start with and is now shrinking by the day. I'd have more receptiveness attempting to get the average local shop to accept Bolivars than Bitcoin.
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March 24, 2019, 09:38:55 PM
 #25

...
You do not need a credit card if you know how to use bitcoin. It can be done, I cut up my cards in 2012 and have not looked back.

most people do already know how to use bitcoin but why they still have credit cards ? when you cash out , you will be using banks and you need credit cards to withdrew that money  .  sure you can use other cash out method but credit cards cash out are still easy and less hassel than others . too bad you already cut out you credit card  , i feel sorry for your loss .

I have suffered no loss. Because of bitcoin I simply do not need credit anymore and have learned what a suckers game borrowing is. So I don't cash out or pay bank fees or credit-card fees or risk my identity, I buy it with bitcoin. No matter if the purchase is a house or a light bulb.   

How are you paying for your daily needs or your bills?. You are surely not paying them with BTC directly. I know there is/are application(s) like Paytomat, offline users pay merchands with BTC and altcoins using the app. That you use such application or use a btc card, you are still using a 3rd party

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