5 ms·
Right now I have an account now where I can deposit USDC and spend via tap to pay/debit card. Basically just a debit card linked crypto account, rewards are $$$
by kommstar 4y ago
Right now I have an account now where I can deposit USDC and spend via tap to pay/debit card. Basically just a debit card linked crypto account, rewards are $$$ (4%) and adjusting balances is fast and easy. Also programmable so I can replace what is spent without having to manually transfer. This helps tremendously with managing the families access/budgeting of funds.
Would also be nice to have an account where legacy payments (ACH) can be made that also has an interface to deposit USDC. Right now I need to ACH deposit to my bank account (from crypto), and then ACH withdraw to pay the bill. Eventually you could just get rid of the ACH part and convince the accounts receivable to accept USDC (and profit?).
Bringing both these services under one roof so it is a bit easier to manage would be the holy grail of legacy and future financial products.
- pc86 4y agoWhat is this account through? That sounds interesting.
- kommstar 4y ago
- quickthrower2 4y ago4% - where does that come from? Sounds too good.
- kommstar 4y ago
- adave 4y agoYeah Crypto especially USDC is really not worth the risk.
- quickthrower2 4y agoIt might be ok if you load up the card a few minutes before each transaction but that would be quite a hassle
- kommstar 4y agoWhat risk?
- adave 4y agoIts not really backed by fiat as they advertise. Like everything in Crypto, nothing is what it seems to be. It's an ever shifting definition.