Re: [ANN] The Original Bitcoin ATMs nationwide - CryptoCoin debit card [ICO LIVE]
still an idea worth supporting they talk about their funding structure if the ICO doesn't raise enough to support 3,000 machines then they just won't release that many at first anyways.. heck for ~$25 to get a cool debit card to put in my wallet is worth it even if the platform never got developed. if there was machines everywhere they would basically advertise themselves n crypto would catch on big time i really think this is the next big thing
You would spend $25 just so that you can have a "cool debit card to put in [your] wallet"? That's a ridiculous statement but I guess there are many fools out there who want to throw their money towards "platform [that] never [get] developed"
I think that was obviously just a joke. Why not pay 20-25$ to get a Bitcoin card with some neat design? People pay more money than that for things with less novelty factor.. I don't see why the platform wouldn't get developed either, payment software isn't that hard to code, at least it wouldn't be that expensive to outsource or hire developers. The project has a neat idea with their workaround to having a Debit Card that works like a normal card, but it's really just more kind of like a paper wallet/private key or carrying a QR code around with you to use at merchants or an ATM. They want it to operate outside VISA - because VISA contract is hard or impossible to get in the US for crypto cards - so for a merchant to be able to accept it they need special hardware - in this case it can be any type of Square reader using software they develop. It really is a cool idea and could catch on big-time, just like the ATMs. It seems like releasing the ATMs are their main goal anyways, the Card is a perk for investors because at the very least it gives them a discount on the ATM fees - and if an investor gets in early enough to get one of the Elite cards they get to use the machines for free! That is totally awesome!
Merchants have good incentive to start taking crypto now too - because its easy all they have to do is get a Square reader and download an app...don't need to have a special computer setup , train employees on crypto , etc. Plus their software will be designed so no one has to wait on Confirmations - another reason why merchants don't want to use crypto payments today ..who wants to sit around waiting 6 hours to leave with their pizza? All around a totally useful product, why hasn't anyone thought of this before?
This Debit Card could actually have been a whole ICO all by itself