Bitcoin Debit Card

[eann014]

Do you think that bitcoin debit card link to our bitcoin online wallet will be implemented or is it possible to happen in the future? After all, we still want some improvement and some option for us to pay in some grocery stores or department stores that accepting cards right? And do you think this is helpful?

[Ailmand]

I'm sure that it wouldn't be too far from reality and it will surely happen in the future. As they are trying to develop and improve bitcoin, I'm sure that they will also try to implement having a bitcoin card for crypto users in the future. Of course, it will be a big help since they would make things more convenient. We all know the advantage of having a credit card these days.

[Haunebu]

I personally wouldn't use such a debit card yet due to the high volatility of BTC, but I would surely be interested in it once the value of BTC stabilizes and the volatility lowers.

There are several Bitcoin ATMs available already which is why Bitcoin related debit cards might come out in the near future.

[cabron]

Coinbase had already been trying to accomplish all these which recently I have read an article about it which they are releasing a debit card allowing card holders to convert BTC, LTC and XRP to fiat in making transaction. Still unsure about how true the said announcement, it is making the bulls ready though so it must be just to make the market positive but its working.

[gentlemand]

There've been plenty of these cards already. The problem is that they all require a third party and always will. You can't step into the world of conventional payments without it. That means you have to leave your coins with them  so they can convert them. They all die eventually too.

[n0ne]

Long back itself bitcoin debit card service have come to existence with limitations in usage on Marketplaces. I don't remember the exact name, earlier one of the firm conducted even a signature campaign for the promotion of the same debit card service. As of now I see bitpay providing access to load funds on debit cards with bitcoin.

[poptok1]

I don't think it is helpful. All it adds it's just another middleman, making the entire idea of crypto kinda pointless.
I would appreciate NFC payments popularisation more. Why bother with a card, when you could use your phone as such?
Probably still in 'not so far future' this concept is, but definitely better than old-fashioned plastic.

[Carrelmae10]

..this might have to happen soon..technology nowadays are rapidly increasing,thus the use of Bitcoin will probably become more convenient when debit card or even credit card will be implemented..specially now that the use of cards in different transactions like in gorceries,department stores etc. are more efficient than bringing cash in your pocket..and this might be helpful to everyone,but I think few would use such debit cards because the volatility of Bitcoin price is unevitable..

[pushups44]

I absolutely think this will be made avilable, first by cryptocurrency wallets such as Coinbase in the UK and EU, and also in Asia. When banks see the profits that cryptocurrency banks are making, they then will jump in with their own debit cards.

I think this is a feasible option even with volatility, by allowing customers to segregate their cryptocurrency from fiat currencies and convert them online or with a mobile app as a prepaid option. Rewards can also be added to incentivize use of this payment system.

[Bitinity]

Bitcoin Debit Card does exist, there are some that I know such as Bitpay, Cryptopay and Spectrocoin. Most of them are basically online bitcoin wallet, so you can use their bitcoin wallet and connect it to the debit card imho. I'm not really interested to have one as it will be useless in my area as I cant use it

[traderethereum]

Do you think that bitcoin debit card link to our bitcoin online wallet will be implemented or is it possible to happen in the future? After all, we still want some improvement and some option for us to pay in some grocery stores or department stores that accepting cards right? And do you think this is helpful?

I think it could be possible to happen in the future as there will be a debit card or credit card who will interest with bitcoin and they want to integrate it with blockchain technology. But for when the right time will happen, we are not sure and still don't know. Soon, we will be able to pay in some grocery stores or department stores as you mention so we don't have to use fiat to buy something. That will help for the crypto user as they can use their wallet and scan the barcode to make a payment.

[rahmatullah9305]

The Bitcoin debit card allows you to add funds in Bitcoin to your card's prepaid balance. Thanks to that, you can buy almost anything with Bitcoin. While many businesses do not accept payments in Bitcoin, they accept debit cards. With Bitcoin debit cards, merchants are paid in their own currency when you are billed in Bitcoin from your prepaid balance. But there are weaknesses. when using a Bitcoin debit card, you basically give others control over your coins (at least what you deposit).

[eann014]

I don't think it is helpful. All it adds it's just another middleman, making the entire idea of crypto kinda pointless.
I would appreciate NFC payments popularisation more. Why bother with a card, when you could use your phone as such?
Probably still in 'not so far future' this concept is, but definitely better than old-fashioned plastic.

Yes it is also good, NFC is also a better way for paying than a card, but not all phones have NFC connection, so to those who have bitcoin but doesn't have their phone with NFC connection still useless for them. Although NFC is a better way and can be implemented in the future.

[The Cryptovator]

There should be web wallet who will create debit card for bitcoin. That means we will need third party to use you bitcoin. I don't think it will be possible directly use you bitcoin with debit card from your bitcoin address holding with private key. But I think it will be enough if any web wallet take this step like blockchain or coinbase. As far as I know you can convert your fiat to btc via debit card. But I don't think there is any system that will allow you to convert your btc to your debit card as fiat. But hope near future someone will implement this oppurtunity.

[0t3p0t]

Do you think that bitcoin debit card link to our bitcoin online wallet will be implemented or is it possible to happen in the future? After all, we still want some improvement and some option for us to pay in some grocery stores or department stores that accepting cards right? And do you think this is helpful?

How about the security? Is the debit card decentralized? We all know that we are nearly going into the cahless society but we have to accept the fact that governments won't allow cryptocurrency to overpower fiat. For me fiat money and Bitcoin is a perfect tandem because we need both physical and electronic money depending on our transactions either online or offline anywhere in the world.

[Muzika]

Do you think that bitcoin debit card link to our bitcoin online wallet will be implemented or is it possible to happen in the future? After all, we still want some improvement and some option for us to pay in some grocery stores or department stores that accepting cards right? And do you think this is helpful?

There is nothing impossible when it comes to technology, like this kind of industry that may really help the payment methods in the future, if there is a service provider of processing cash out then it is too close on what you think, maybe it is not that hard to do it and we are close to that, the only risk that we may encounter for the postponement of it is the central bank and the banks who are not ready for this nut once it is started this is the start of crypto base payment.

[lyks15]

I think this is a good idea and better than bank credit card. I hope they will develop it without any hassle and annual fee free because  all of credit card that we are holding right now we are paying an annual fee but on my own opion this is not worth it because they already have an income on what we are buying using their card.

[sheenshane]

I think bitcoin debit card would be possible to be executed. However, for now, that is just a speculation. Even though we can tell that debit card with cryptocurrency is not far from reality, the question is that how will the regulators and banks think about it? Also, there's a point of view where debit cards in bitcoin are useless. Why do you need a debit card if you have your phone with a very simple QR code which you could just put in front of the scanner and can withdraw cash?
Do you think it is a good idea?

After all, debit cryptocurrency is also not ideal since BTC is a volatile market. Well, we don't know but yes I belong to the group who expect that to happen as well.

[dothebeats]

This was implemented before albeit being a short-lived stint since regulators from EU and US stopped debit card providers from using bitcoin as means of loading up the said cards. I'm pretty sure once the regulations have been aptly reforged, reconstructed and passed, the rise of bitcoin debit cards would again start. It definitely works, as I have been one of those guys who used such service in the past, and it was pretty good, too!

[erikoy]

Do you think that bitcoin debit card link to our bitcoin online wallet will be implemented or is it possible to happen in the future? After all, we still want some improvement and some option for us to pay in some grocery stores or department stores that accepting cards right? And do you think this is helpful?

Thay would be possible because we have already bitcoin atm.machine though it is not yet widely spread all over the world so.it may take sometime before this idea will going to happen. Besides, there are banks and money exchanger doing this so there is no problem with the atm bitcoin card for its use may be not that really necessarry.