3 ms·

Would credit card points, miles, etc. fall in the same bucket ("digital financial assets")?

• moomin 1y ago
  Don’t think any of those things are transferable, so the question is moot. They’re not really assets the way crypto is.
  • nivertech 1y ago
    Crypto per se isn’t an asset class, it’s merely a form, not a substance. It can anything: from currency, to debt, to security, to derivatives, and anything hybrid or in between. Similarly like paper can be used for banknotes, cheques, stock certificates, bonds, etc.
    • moomin 1y ago
      I suspect the state of California probably won’t be too keen on transferring unknown debts to their accounts!
      • nivertech 1y ago
        it's unenforceable anyway. The way crypto lending works is u need to pledge an excess collateral in one token in order to get a loan in another token ;)
  • xhkkffbf 1y ago
    They are more transferable than not. Many companies allow people to gift their miles. I agree there aren't liquid marketplaces and easy ways to just send them like Venmo, but that doesn't mean they aren't transferable.
  • dataflow 1y ago
    They're definitely transferable in some cases, and there are often secondary markets for these that don't require transfers at all. (e.g., use points to buy gift card that you then use or transfer to someone else in exchange for goods or money.)