BITCOIN ATM CARD

[K_vin]

Often times I sit back and wonder if it will ever come to a point where the coin market in Nigeria is not just 100% accepted by the government but a card is provided to spend bitcoin from your wallet, maybe not even just butcoin maybe some other credible altcoins are also added...


....This will revolutionalize the entire industry in both Nigeria and even neighbouring countries
.....make transactions easier( buying and selling)
.....increase the popularity of the coin market and related markets
....create a new niche for young guys who may not want to trade the market directly
....bring in investment from both local and foreign investors
   Just thinking out loud though, this might take ages if ever to achieve, I just wish Nigeria joins the revolution happening through bitcoin in this era soon enough

[Mate2237]

This would be a good thing and hopefully in the future that we can get to this kind of time where we will not just have Bitcoin become legal in the country but have something like ATM cards where we can do our transactions just like any other Fiat money in the Bank it will be revolutionary and nice because spending Bitcoin will be more easier and better

But let us see how events will turn out in the coming years because we are still very far from having to come to a place like the way that your dreaming of because till now our government has not still come to the realization of the potential that Bitcoin holds if not as a country we must have been talking about having a Bitcoin reserves just like other progressive nations of the world has started making efforts to have but for the mean time we just hope and pray that one day our government will come to the realization of that Bitcoin holds

[sokani]

For your information, the government can never stop you from using a crypto debit card. There are providers offering such services online. If you want a physical or visual debit card, all you need is just to register, meet the requirements and one will be issued to you.

Here's an extensive list of crypto debit card on the forum:
https://bitcointalk.org/index.php?topic=5473572.0

When CBN placed a restriction on the use of bank debit card for international transactions, it was one of the methods Nigerians were using to buy goods from platforms like AliExpress, eBay, Amazon etc.

[Charles-Tim]

For your information, the government can never stop you from using a crypto debit card. There are providers offering such services online. If you want a physical or visual debit card, all you need is just to register, meet the requirements and one will be issued to you.

I have seen it on exchanges like Bybit but I did not go for it because I do not know how relevant will it be for me when I make almost all purchases in fiat. But what actually made me not interested was that I was requested to make another verification before I can be able to get it.

Also there was one I used on Binance before but kind of different. I funded it with USDT and it was converted to fiat on the card which I used when Emefiele disabled all banks card from making cross-border transactions.

[K_vin]

For your information, the government can never stop you from using a crypto debit card. There are providers offering such services online. If you want a physical or visual debit card, all you need is just to register, meet the requirements and one will be issued to you.

Here's an extensive list of crypto debit card on the forum:
https://bitcointalk.org/index.php?topic=5473572.0

When CBN placed a restriction on the use of bank debit card for international transactions, it was one of the methods Nigerians were using to buy goods from platforms like AliExpress, eBay, Amazon etc.

Ohk sir my point here is a point where government welcomes bitcoin as a normal means of transactions in the country, even they themselves involve directly,publicly and legally investing and doing transactions with btc and not just accepting it but instructs banks to create and give out cards for bitcoin, because even though there may be available cards now somehow they are not government endosed and so there is a strong limit on it

[sokani]

I have seen it on exchanges like Bybit but I did not go for it because I do not know how relevant will it be for me when I make almost all purchases in fiat. But what actually made me not interested was that I was requested to make another verification before I can be able to get it.

Also there was one I used on Binance before but kind of different. I funded it with USDT and it was converted to fiat on the card which I used when Emefiele disabled all banks card from making cross-border transactions.

I've not used it. It was just a one time purchase I wanted to make during that period and what I used was Chippercash visual card. Why I didn't go for the crypto card is because of the maintenance fee and KYC requirements.

Ohk sir my point here is a point where government welcomes bitcoin as a normal means of transactions in the country, even they themselves involve directly,publicly and legally investing and doing transactions with btc and not just accepting it but instructs banks to create and give out cards for bitcoin, because even though there may be available cards now somehow they are not government endosed and so there is a strong limit on it

Honestly, I've problems understanding what you wrote but this is what I've to say. Nigerian government does not have a clear standing when it comes to crypto. Also, the government has no business endorsing crypto card.

A little heads-up. The forum doesn't allow replying to members in the way you did. Next time, merge them in a single reply.

[Sticky Bomb]

Patricia and Crypterium Provide Nigerians With More Crypto Card Options

The Patricia Bitcoin ATM Card will allow users to withdraw cash directly from their BTC and Nigerian naira wallets, make POS payments and online transactions, transfer funds through teller machines like with any other debit card issued by a traditional bank, PM News Nigeria reported in late February. Registration is required to obtain the card.

Nigerians have another option to use cryptocurrencies through a debit card. Crypterium, an Estonia-based crypto payment and wallet provider, issues the Global Bitcoin Card, which allows holders to spend cryptocurrencies at merchants and withdraw fiat cash from ATMs in almost 180 countries around the world, as news.Bitcoin.com recently reported. The card, which is powered by the payment processor Unionpay, currently supports several major cryptocurrencies: BTC, ETH, LTC, as well as Crypterium’s own CRPT token.

https://news.bitcoin.com/3-debit-cards-nigerians-can-use/

Seems Patricia and Crypterium have taken the lead to provide Nigerians with Physical and virtual crypto ATM cards. Good thing they are dual purposed and can be used for fiat transactions too.

[Josefjix]

Patricia and Crypterium Provide Nigerians With More Crypto Card Options

The Patricia Bitcoin ATM Card will allow users to withdraw cash directly from their BTC and Nigerian naira wallets, make POS payments and online transactions, transfer funds through teller machines like with any other debit card issued by a traditional bank, PM News Nigeria reported in late February. Registration is required to obtain the card.

Nigerians have another option to use cryptocurrencies through a debit card. Crypterium, an Estonia-based crypto payment and wallet provider, issues the Global Bitcoin Card, which allows holders to spend cryptocurrencies at merchants and withdraw fiat cash from ATMs in almost 180 countries around the world, as news.Bitcoin.com recently reported. The card, which is powered by the payment processor Unionpay, currently supports several major cryptocurrencies: BTC, ETH, LTC, as well as Crypterium’s own CRPT token.

https://news.bitcoin.com/3-debit-cards-nigerians-can-use/

Seems Patricia and Crypterium have taken the lead to provide Nigerians with Physical and virtual crypto ATM cards. Good thing they are dual purposed and can be used for fiat transactions too.

If it's used to purchase crypto directly from bank, then it would be used, and another can it work great with trading bank ATM machines?

Also there was one I used on Binance before but kind of different. I funded it with USDT and it was converted to fiat on the card which I used when Emefiele disabled all banks card from making cross-border transactions.

Was it virtual card or physical card, although I don't think physical one can be delivered over.

[Charles-Tim]

I've not used it. It was just a one time purchase I wanted to make during that period and what I used was Chippercash visual card. Why I didn't go for the crypto card is because of the maintenance fee and KYC requirements.

But it is worth making people know that KYC is also compulsory to become a Chipper cash user.

A little heads-up. The forum doesn't allow replying to members in the way you did. Next time, merge them in a single reply.

You can also report the posts next time for moderator to merge it.

Was it virtual card or physical card, although I don't think physical one can be delivered over.

It was a virtual card.

[Huliya]

We all want Bitcoin to be very easy to use. But we have to remember that Bitcoin is a decentralized financial system. It is not under anyone's control. So I think no government will make such a system so soon that the government cannot keep the accounts in its own hands. But let's see what happens in the near future. We will be really happy if Bitcoin can be used very easily.

[MainIbem]

We all want Bitcoin to be very easy to use. But we have to remember that Bitcoin is a decentralized financial system. It is not under anyone's control. So I think no government will make such a system so soon that the government cannot keep the accounts in its own hands. But let's see what happens in the near future. We will be really happy if Bitcoin can be used very easily.

Have you noticed or heard about Bitcoin ATM machines, if you have then you should understand that if building an ATM machine could be possible and being uses in some developed countries currently then creating a card for the machines could be possible as well in the near or far future, also remember that the inital purpose of creating Bitcoin was as an alternative to the fiat for better, safer and faster transactions therefore borrowimg ideas from the banking sector and enhancing them is not a bad idea, already, the idea of an ATM machine have been borrowed and i won't be suprised if creating a card similar to that of the traditional banks for withdrawal of Bitcoin through it's machines would be implemented, it's not a bad idea anyways, it would even ensure a more faster transaction whereby one don't need to go through lengthy loginprocess in DEX/CEX before carrying out transactions.