Post
Topic
Board Press
Merits 2 from 2 users
Re: [2018-03-23]Physical Bitcoin Debit Cards Are Coming Back to Europe
by
Lucius
on 26/03/2018, 10:45:37 UTC
⭐ Merited by Karartma1 (1) ,prehisto (1)


In fact there was a card which allegedly works all the time in EU,it is MasterCard from Mistertango based in Lithuania.I personally have not tried this card,but experiences are mostly positive.

Lately I heard about Revolut based in UK and they offer Visa contactless card.I read some comments that users send EUR from Coinbase/GDAX on this card with extra low fee,and POS payments have 0% fee.

For both cards you need to have compatible OS on your smart phone,because users can control card via app which is great.

I just want to say that such cards do not provide any anonymity,so you need to know that your tax office will probably get the data that you have open account in some other country, and that you convert BTC to fiat.

Just got my MrTango few days back, it has a Btc wallet which converts your BTC automatically to Eur with 1% fee or 0,0025 BTC depending on the total. This could be a very fairy good alternative. I do not know if Revolut has any relation to crypto world .


In any case i believe that crypto world should concentrate more to direct crypto terminals than relaying to VISA and MasterCard networks which basically are a direct competitor to block chain tech.



Regarding Revolut,it is actually same thing like MisterTango in a way,every user first need to convert crypto to fiat in order to be able to spend it.I know that MisterTango have minimum deposit fee of 0.0025 BTC so it is not suitable for small and frequently deposits,but in a case of Revolut user can send crypto to Coinbase/GDAX,convert to fiat and send on Revolut.From GDAX to Revolut fee is only 0.15€.

I am personally waiting the day when there will be no more reason for such cards because by using these card we support the old financial world. One day there will be no reason to use such services because we will be paying directly in crypto. And that day is already here.

I agree with you completely,and I think the vast majority of crypto users wait for this day.By using such cards to convert crypto in fiat we actually undermine the whole meaning of cryptocurrency.Fortunately every day we have more and more places where we can pay directly with BTC.