I’ve signed up, but I’m not entirely sure why
For me, bitcoin is a super-speculative bet on some kind of once-in-a-millenium financial meltdown which completely devalues all fiat money. If this happens I’m not sure I’d be able to use a Visa card in the shops
The fees are seriously high, over 5% for overseas transactions, you’d be better off spending on a credit card and selling your crypto once a month.
Doesn’t seem like this really solves a problem.
For me, it’s an easy way to pull out my XRP if the prices ever get to where they were last year. At that time I needed to verify my account and by that time it was too late.
Conbase has always been expensive, but i have no doubt this will be another success for them… Simply because so many people already use their service and want convenience at their fingertips.
And truth be told… if BTC made me rich during the bull run… i don’t think i’d be too fussed about the charge.
My local pub accepts Bitcoin payments so I applied and made it in the first 1000
If your local pub accepts BTC directly from your BTC wallet, why sign up for this VISA card?
This use of this card is only really applicable if you were to require a BTC --> FIAT conversion (using their exchange service @ a cost), to then spend using VISA’s standard service.
Surely the ideology of using BTC is to avoid the middle-man… not add one ?
To clarify, my local pub (and many others in Manchester) accept BTC but I haven’t asked how they do it as I still use FIAT by card payment. I only have a small amount (relatively) of BTC and basically use it for playing the markets, my form of gambling I suppose. To have a card that would allow me, if I choose, to pay using my “winnings” just gives me an extra means of payment. I’ll probably hardly, if ever use it but it would be there as a “just in case” option.
Got mine today
Just need crypto now
App does look a bit bland
Would be great if it wasn’t massively flawed by the 5% cost of using it
I think it’s 5% anyway