Post
Topic
Board Press
Re: [2015-02-27] CS - CoinJar’s Enables Australians to Pay with Bitcoin Debit Cards
by
Thylacine
on 05/04/2015, 04:12:39 UTC
Used my Coinjar EFT card for the first time yesterday at Safeway. Worked fine, when I finally remembered the pin.

Overall, I think it's a novel idea but in the back of my mind I feel it's not really helping the long-term prospects of bitcoin. It's basically a gift card which you load up with bitcoin. Once someone figures out a way to make spending bitcoin on the blockchain (not converting back and forth to dollars) as simple as using an EFT card or PayPass/PayWave - the bitcoin ecosystem will be ready to take off.

Not so sure about the conversion and ATM fees and so on. I mean I know they're running a business (and have to insure against slippage) but in my mind I feel bitcoin is meant to be new model where users are not nickel-and-dimed to death. This card is very bank-like, if you know what I mean.

But yeah, I'm giving it a go...