What are your thoughts on the Bitcoin Debit Card?

[caribbeanbitcoiner]

 

Please share, personally I think this is what can jumpstart mass adoption.

[1714544296]

1714544296

[BayAreaCoins]

Morally against debt cards IMO.

Would hate to link my sweet sweet Bitcoins to one.

[moriartybitcoin]

which bitcoin debit card? There are a few .. Xapo, etc but only one that really works :-)

[caribbeanbitcoiner]

which bitcoin debit card? There are a few .. Xapo, etc but only one that really works :-)

I meant all Bitcoin Debit Cards in general.

[Monica80]

An actual plastic card?

I guess it would be handy on areas or whole countries or small stores.

But with NFC payments coming everywhere there will be no need.

[caribbeanbitcoiner]

An actual plastic card?

I guess it would be handy on areas or whole countries or small stores.

But with NFC payments coming everywhere there will be no need.

The bolded may be true but the average American doesn't even know what NFC is lol

[Monica80]

An actual plastic card?

I guess it would be handy on areas or whole countries or small stores.

But with NFC payments coming everywhere there will be no need.

The bolded may be true but the average American doesn't even know what NFC is lol

That's true. I actually learned that google had a similar pay method to apple pay from long ago but no one cared.

Qr codes too would be a card killer.

[The Chainmaker]

Using a plastic card to spend Bitcoins is actually a bit of a step back. 

But sometimes a tech has to take one step back to take two steps forward. 

It is bootstrapping. 

In 10 years from now if Bitcoin is big, those cards will be trash.

But if I was a miner mining 3 years ago with a fat bitcoin wallet, I sure would like one of those cards today!

[caribbeanbitcoiner]

Using a plastic card to spend Bitcoins is actually a bit of a step back. 

But sometimes a tech has to take one step back to take two steps forward. 

It is bootstrapping. 

In 10 years from now if Bitcoin is big, those cards will be trash.

But if I was a miner mining 3 years ago with a fat bitcoin wallet, I sure would like one of those cards today!

It might be a step back but businesses aren't going to implement a whole new payment system for just one currency when swiping a Card is 10 times easier and currently implemented.

[Monica80]

It might be a step back but businesses aren't going to implement a whole new payment system for just one currency when swiping a Card is 10 times easier and currently implemented.

Exactly right

We are talking about those small sized shops that won't update their systems because they cannot afford them. A plastic bitcoin card would be way to bring bitcoin to them.

[hua_hui]

It might be a step back but businesses aren't going to implement a whole new payment system for just one currency when swiping a Card is 10 times easier and currently implemented.

Exactly right

We are talking about those small sized shops that won't update their systems because they cannot afford them. A plastic bitcoin card would be way to bring bitcoin to them.

I think the bitcoin debit card is fully loaded with bitcoin. When going to stores who are not implementing bitcoin payment terminals, you swipe the bitcoin debt card and the card issuers immediately convert the bitcoin from the balance of the card to fiat then debt to the merchants' account. It may be tipping point to get bitcoin adopted by masses.

[Monica80]

yeah, im sure it is more complicated than that but the general idea I think is great.

I bet some older folks have already thought and maybe came up with something.. Would like to hear from more experienced people on the fallbacks..

[Notanon]

I see it as an interim step until more mobile wallets are available. Bitcoins are worthless if they are only hoarded rather than being used to trade with, so helping to put them to use is a good thing.

[caribbeanbitcoiner]

I see it as an interim step until more mobile wallets are available. Bitcoins are worthless if they are only hoarded rather than being used to trade with, so helping to put them to use is a good thing.

It will take years before a mobile wallet takes off. Look at Google Wallet for example, I think a Debit card is the way to go.

[QuestionAuthority]

Please share, personally I think this is what can jumpstart mass adoption.

They suck.

[Furio]

It might be a step back but businesses aren't going to implement a whole new payment system for just one currency when swiping a Card is 10 times easier and currently implemented.

Exactly right

We are talking about those small sized shops that won't update their systems because they cannot afford them. A plastic bitcoin card would be way to bring bitcoin to them.

I think the bitcoin debit card is fully loaded with bitcoin. When going to stores who are not implementing bitcoin payment terminals, you swipe the bitcoin debt card and the card issuers immediately convert the bitcoin from the balance of the card to fiat then debt to the merchants' account. It may be tipping point to get bitcoin adopted by masses.

Exactly my thoughts, plastic and paper is real for the masses, not O's and 1's

[Soros Shorts]

An actual plastic card?

I guess it would be handy on areas or whole countries or small stores.

But with NFC payments coming everywhere there will be no need.

The bolded may be true but the average American doesn't even know what NFC is lol

NFC payments are great ... as long as it doesn't involve a phone. I really don't want to lose the equivalent of my wallet when I lose or break my phone. I destroy many phones a year. I just broke one last week in a minor motorcycle accident.

Putting everything on your phone -> single point of failure.

[BitMos]

single point of failure.

we will exploit all those points, until the pool is dried and move to the next one. The locust group is undefeatable. Or make peace, or you will discover what bear foot running barbarians mean.

[caribbeanbitcoiner]

Please share, personally I think this is what can jumpstart mass adoption.

They suck.

Can you elaborate?

[countryfree]

If it's anonymous, I could enjoy one. But it has to be like a real debit card, I mean usable everywhere in the world. You'll load it with BTC and it will debit local fiat currency if you shop at a place which doesn't accept BTC.
I'll pay 0.05 BTC to get one. Maybe more if it comes with more services.