It's like GoldMoney indeed. Peter Schiff is a friend with James Turk (apparently). His service will be the first to offer debit card payments which would clearly be a massive step forward. I'd like to know how it will work. Is it a deal with Visa or Mastercard (He mentioned Visa before but most recently Mastercard 
) where there systems can integrate with his banks? Is it using a fiat intermediary account where purchasing are made through that when the systems are notified and take the equivalent gold off the persons account matching the fiat amount on an exchange?
I don't know how it would work but I assumed it would need to be in cooperation with a debit card system or a bank that can connect the two payment systems together.
Fascinating stuff, for sure. I was imagining about this idea before and even looked into debit card technologies. Someone is trying to make a bitcoin debit card but I think it will use it's own payment system so card readers would need to be reprogrammed to support it.
Making use of an existing payment system is great for compatibility. You'd be able to use the card anywhere are see the payment measured in gold/bitcoins.
) where there systems can integrate with his banks? Is it using a fiat intermediary account where purchasing are made through that when the systems are notified and take the equivalent gold off the persons account matching the fiat amount on an exchange?I don't know how it would work but I assumed it would need to be in cooperation with a debit card system or a bank that can connect the two payment systems together.
Fascinating stuff, for sure. I was imagining about this idea before and even looked into debit card technologies. Someone is trying to make a bitcoin debit card but I think it will use it's own payment system so card readers would need to be reprogrammed to support it.
Making use of an existing payment system is great for compatibility. You'd be able to use the card anywhere are see the payment measured in gold/bitcoins.