9 ms·
The range of crypto -> gift card or crypto -> virtual credit card options have improved quite a bit, and you usually get ~2% cashback for purchasing these which
by wolongong942 4y ago
The range of crypto -> gift card or crypto -> virtual credit card options have improved quite a bit, and you usually get ~2% cashback for purchasing these which can help to alleviate some of the loss through fees. In the US and AU you can pay a lot of bills with crypto through sites like Bitrefill. I find that you can basically live on crypto in Australia now, but this probably wouldn't be true for people living in poor countries as Visa/MC/ and the gift card vendors don't bother with small/risky markets.
- polygamous_bat 4y agoAnd you are still relying on centralized third parties such as Visa and Mastercard (not to mention the crypto exchange that issued the card) to continue doing business with you, so I would argue the situation hasn't improved in reality. What makes you think your centralized crypto exchange would be any better in handling your "money" than your bank is? Why can't they freeze your money to respond to a fraud claim or government order just like a regular bank?