Post
Topic
Board Altcoin Discussion
Re: Which payment card solutions do you invest in?
by
Shadolance
on 11/09/2017, 20:34:15 UTC
Personally I will not invest in any crypto card tokens. Never.

Why? Because I am a long term only investor.

Crypto Credit Cards might help to get mass adoption in crypto -  but only as a transitional solution.

Cards are outdated. In Asia, many regions even jumped the card technology and went directly to mobile payments with things they carry around anyway - mobilephones, smart watches etc.. In other regions the general direction payments are heading is also not cards. Also, credit cards negate the actual intention of crypto currencies - in particular privacy and the removal of the need for a middle man.

The real winners are going to be

a) cryptos with instant transactions themselves
b) multifunctional wallets

The winners might be different from a) to b) in different regions or a combination of both.

So ask yourself this:

If you're in the supermarket and want to pay your bread and butter. You have to choice to pay with your credit card (and pay the fees) or to pay with btc, dash or whatever the currency is you're holding directly.

What option will you choose? I don't think that will be the credit card.

In a world where blockchain technology has reached mass adoption - I don't think there is any real use for credit cards.