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Interesting you mention the Visa card issue, because that echoes the most compelling story I've heard in favour of Bitcoin, someone stuck overseas with all thei
by SyneRyder 11y ago
Interesting you mention the Visa card issue, because that echoes the most compelling story I've heard in favour of Bitcoin, someone stuck overseas with all their cards cancelled and the only thing they could access is Bitcoin. [If you're Australian, check out their Coinjar Swipe card for using BTC in Australian stores & ATMs.]
https://coinjar.com/stories/apostrophe https://coinjar.com/stories/apostrophe
That said: it's a good idea to diversify your access to money. Have accounts at different banks - if your card gets frozen (eg online fraudster), banks will often freeze all your cards, so it's good to have cards with a different bank so you can still access some of your money. Prepaid / travel cards preloaded with some emergency funds are helpful too.
- oelmekki 11y agoDidn't think about the "global freezing" of cards in the same bank - indeed, one more problem. The diversity could indeed be a great point for cryptocurrencies. I don't know if it's the same everywhere, but here in France we had previously three main payment methods: credit card, paycheck and cash. Paychecks are now refused in most shops (there was too many frauds around them). And banks decided you can't withdraw cash anymore by visiting them (they don't want to hold any money anymore to avoid bank robbing), so you have to use your credit card at atm to have cash. Basically meaning that credit card is now the only way to use money.