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Get a Coinbase card and load it with 5 USDC. Go to your diner and buy your coffee with no conversion fee. What's the difference between this and the diner actua
by drsnow 4y ago
Get a Coinbase card and load it with 5 USDC. Go to your diner and buy your coffee with no conversion fee. What's the difference between this and the diner actually accepting crypto?
- Bancakes 4y agoI don't know what any of that is. I always pay cash. When I say bitcoin, I mean literal coins.
- dropnerd 4y agousdc is a digital token backed by usd available on many blockchains. you can buy a few usdc tokens and pay for coffee using them seamlessly.
- Bancakes 4y agoMy coffee shop doesn't accept coins at all be it usdc or whatever. When I wave over a POS terminal, are these USDC converted to USD on the spot like a bank transaction?
- dropnerd 4y agoyes > ²Coinbase will automatically convert all cryptocurrency to US Dollars for use in purchases and ATM withdrawals https://blog.coinbase.com/coinbase-card-launches-in-the-us-8608e72cd0b5 https://blog.coinbase.com/coinbase-card-launches-in-the-us-8... --- can also pay in btc assuming youre okay with the conversion fee