/biz/ - Business & Finance

>>14911727
The red pill is, we don't need cards. We need retail adoption of crypto. The two coins that are pushing for it right now are BCH and DASH.

What about cards, there will always be fees, the card provider must earn somehow for providing you basically a cash-out service.

>>14911826
>there will always be fees, the card provider must earn somehow for providing you basically a cash-out service.

Agreed, I'm trying to noodle out ways of minimizing those fees to make them useful enough before point of sale adoption (which is probably many years / decades away)

Feeling like a brainlet as I have literally no ideas how to do this

It's a market problem. There is not enough demand and competition to force the providers of these services to minimize the cost of these services

>>14911826
This. Cards are a short term solution. What we need is people actually accepting crypto as payment. It has already begun and it won't stop anytime soon. A bit of patience will be required though until we literally never have to cash out to fiat.

>>14911727
>>14911959
retail adoption of crypto will be the next mega bull run

SPND card pays 2-6% cash back w/ $25 annual fee.

>>14912091
Redpill me on SPND

>>14912139
I just got my Spend Visa debut card in the mail on Friday, the only cost was a $25 one-time fee, plus the 25k tokens staked/locked for 6 months. Bought a book on Amazon with ETH and got 2% back (denominated in SPND). Supposedly I can use it at the ATM just as easily, only reason I haven’t is ATM fees, but if crypto moons then that is my intention.
There are 3 tiers, I’m in the middle tier currently. Bottom tier is a virtual debit card. Top tier requires 250k SPND but pays 6% back.
I don’t know where they’re based but it’s not the U.S. Hoping crypto moons ASAP and I’ll cash out a shitton this way.

>>14912287
Interesting. What are their fees per transaction?the cashback in SPND aspect is a little iffy

>>14912729
No transaction fees. Don’t know where they get their spot conversion rates but you can just convert to USD if that’s a worry.

>>14911727
Literally Chainlink.

>>14914012
Maybe one day

If BTC is digital gold, could there potentially be a digital cash backed by BTC? If we once had paper notes backed by gold, then could that be possible?

Go to Crypto dot co m and download the app. You get $50 USD, no transaction fees, cash back, free card, now in US.

>>14911727
You'll run into all sorts of financial regulations. Money laundering, terrorism, and such.

>>14911959
>What we need is people actually accepting crypto as payment.
Crypto is fiat currency, except it doesn't have any government support. It's probably not going to see widespread acceptance.

>>14916060
>Crypto is fiat currency, except it doesn't have any government support

>>14916080
https://en.wikipedia.org/wiki/Fiat_money

>>14916083

>>14916109
Crypto is fiat currency.

Have fun with your denial.

>>14916123
"You are right" - Yan Naing Lee

>>14916123
Wrong because of your shitty broad statement
Which crypto CURRENCY? Be more specific and you may be closer to right

>>14916151
Every crypto is fiat.

Or, at least every crypto that I've heard of, is fiat. Perhaps there is some minor exception with a 30 million market cap.

>>14916188
preciate what you did there

>>14916018
sauce me up on that brapper