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I have a crypto debit card I can fund as needed and spend anywhere. In fact for me it’s faster and easier than any bank. It can be sent to anyone in the world a
by alchemist1e9 3y ago
I have a crypto debit card I can fund as needed and spend anywhere. In fact for me it’s faster and easier than any bank. It can be sent to anyone in the world and with a stack of a few different crypto debit cards can be spent immediately in pretty much any country in the world with their local currency. Yes currently the exchange fees are not great on those cards for exchanging to fiat, but the trend is down and improving.
- Forgeties79 3y agoIf you’re using a crypto debit card than you’re layering the cost of a standard bank transaction on top of the cost of crypto. That just sounds like extra steps to do what I just did with my debit card at the convenience store 5min ago - which took seconds as well and required no steps to convert currency or load up from a wallet/exchange. I’m just not entirely sure what using your crypto debit card accomplished beside spending a currency that takes more work to utilize.
- alchemist1e9 3y agoI have no counterparty risk, no confiscation risk. There are no extra steps, I don’t understand what you mean, moving funds to a bank or debit card at a convenience store is massively more complicated. I open a wallet app and the paypal app, copy the deposit address from paypal to the clipboard, paste into the wallet, type the amount, hit send. 5 seconds later paypal receives it. With one button I swap any portion of it to USD on the paypal app. I do this in large enough amounts so the crypto TX fees are insignificant to get into paypal, and the conversion fees are also small. Any extra fees are more than covered by the long term appreciation of the Bitcoin, which will obviously continue as governments worldwide are drunk of their own power to print.