4 ms·
Lol you just described credit cards.
by H8crilA 6y ago
Lol you just described credit cards.
- ForHackernews 6y agoNo, because credit cards charge exorbitant interest rates. This is more analogous to electronic cash, since the value is stored on the card.
- Multicomp 6y agothis was tried in the UK in the late 90s (see !w Mondex) ... i sooo wish it was a thing today!
- lxgr 6y agoStored value cards are different from debit cards: Their value is physically stored on the chip, rather than the card just being a reference to some centrally maintained account. As a consequence, they are usable completely offline and with very low latency.