Post
Topic
Board Economics
Re: Crypto debit card for FIAT payments - would you use one?
by
artbart
on 14/12/2018, 11:19:47 UTC
For this to be successful there are some infrastructures needed, one of the most important of them all is ATM that will dispense the fiat.
Basically, the infrastructure on both ends is already there. We're just putting the bridge in between.

I'll consider first knowing about the fees.
Those would probably be a bit larger than a taker fee and in some cases less than withdrawing FIAT from an exchange to an IBAN that has a card.

No,I wouldn't use one.It's pointless.All the crypto-to-fiat conversions for nothing.
I would rather use a crypto debit card for crypto payments and a fiat debit card for fiat payments.
It makes no sense to me to use a crypto related debit card to spend fiat the same way I can spend fiat already with my legacy debit card. I rather convert the coins to fiat myself and then spend them whenever I want.
That's totally find. For me both of you are the kind of user that is probably not my target group. My target group earns/get lots of crypto (basically most or all of one's earnings are probably from crypto; like a miner or full time trader) and I'm offering then a headache-free gateway to get oneself a cup of coffee at Starbucks.

Of course my main concern is why would a not so popular exchange do this?
To attract you customer. A the little ones have to put more effort to get them.

Make it as user friendly as it is. Crypto currencies are already hard to understand for most of the people and we dont want it to be more difficult for them.
That is exactly thepoint! That is what we do: we eliminate 2 steps from spending your crypto in the real world (exchanging and withdrawing to FIAT account). There are projects like Lympo that give tokens to users that mostly have no clue about the crypto and what we want to do is give them a card and say: "don't worry about the crypto thing, here's a card, just go and buy something" Smiley