Fiat Wallet - The opposite of Bitpay?

[jook]

Bitcoin can be used as currency but also as just a payment protocol. Many shops interface with Bitpay or Coinbase in order to accept Bitcoin-as-a-protocol: The payments are instantly converted to fiat and the shop neither holds Bitcoin at any moment nor is it exposed to exchange rate fluctuations.

On the other side of the deal, i.e. if I as a customer want to pay by Bitcoin-as-a-protocol without currency exchange risk, there is no service I can use, is there? Of course I can keep fiat at an exchange, then trade the needed amount into Bitcoin and send it to pay for my order. But it seems quite cumbersome.

I imagine a wallet provider where people could deposit fiat into their Fiat Wallet and use a browser-plugin (or something) to easily pay with Bitcoin-as-a-protocol. Like with KryptoKit you could pay a Bitcoin invoice with two clicks and the sent amount of Bitcoin is deducted from your fiat balance by current exchange rate.

This concept has been on my mind for quite some time, but so far I haven't even seen anyone talk about it. Does a service like this exist? Is it a reasonable idea in the first place?

[1714190744]

1714190744

[1714190744]

1714190744

[1714190744]

1714190744

[1714190744]

1714190744

[torusJKL]

The idea sounds good.

How fast would you be able to send fiat money to this account?
I can imagine that people would not like to keep to much money on such accounts and usually I want to buy instantaneously and I can do this with bitcoin and credit card but with this fiat account I would first wire my money to it which takes at least one day.

[KlondikeBear]

If you find a way how to deposit fiat money without credit cards, paypal etc.,  it would be great.
Now people use cryptocurrency because they are tired of banks, bank fees, annoying calls etc.
People need privacy and simplicity. It's quite strange that now we need to disclosure our personal information (which could be stolen by hackers) just to purchase something, a triffle sometimes.
Now it's like that if we want to buy a cup of coffee, banks require to disclosure our address and phone.
But why should I give them my phone number and address? Are they my friends?
I suppose it's not correct to ask my phone if I just register to buy something via payment service. It's mainstream now, though.
That's one of the reasons I believe in alternate currency.

[pedrosoft]

Great idea.