Visa have introduced their own version of gas free transactions to ETH. Could be worth keeping hold of ETH for a bit longer if Visa are going to start getting into it big time.
Crypto Currency - Believers Only
Funky you can spend you’re crypto directly with it instead of having to convert to fiat
How does that work then? Surely the merchant would need to accept crypto?
I converted my Crypto to FIAT by literally trading half a Bored Ape for his Punto.
It was also gas free because he hadn’t filled it up.
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“Coinbase will automatically convert all your cryptocurrency to U.S. dollars when making a purchase”
So it’s still a useless form of currency for most transactions then, hence the need for this card.
Hursty, I’m making the move over to Eternl as Daedalus is on schedule to open up for me in 2057 and I can’t wait that long to withdraw my 15 dollars.
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mono-stereo Its still using the blockchain obviously you’re local shop need it in gbp but it’s directly subtracted from you’re crypto and no fee. There are more and more merchants accepting btc and eth via wallets so they receive as btc and it’s up to them if they want to convert to fiat. If you’re eth is going up in value the way it can it’s certainly better than having everything in gbp or euro. Plus you’re 1.5% back every time you use the card.
The card is reducing fees as you would have to convert to usdc incurring a fee then also incurring a fee to withdraw to bank.
The point is that you’re still not actually using crypto coins to pay for stuff with this card. It’s converted into GBP/USD as you actually pay for stuff.
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So basically coupons
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mono-stereo how the fuck can you expect local shops and filing stations to accept crypto directly yet and have to incur fees to convert it to fiat. The visa card is cutting out the middle man and is making use of the blockchain.
The day may well come that you’re local shop will except it direct. The only merchants that are accepting btc direct are large establishments so far. Charles Hurst in Belfast where accepting it if you bought a car.
Gbp or euro do nothing and generally depreciate lately where if u bought eth in at 900 dollars you would of bloody doubled you’re money. The more crypto can reduce fees the more relevant it can become in my eyes, crypto has came along way in a short space of time, it’s only the beginning.
Funky The visa card is cutting out the middle man
I’m not sure I can make this any more clear. I’ll try again.
Your cryptocurrency is being convereted by Coinbase before it hits the merchant’s bank account.
mono-stereo stop being tedious
Mono seriously. I’ll say again how else is it going to work universally at the moment you need a middle man. I will say again there is some fkn merchants who except it direct via a wallet so is that useless too fuck off!
Long as the blockchain is getting used that’s all I care about. This is only the start, stick with you’re gbp in you’re current account doing fuck all.
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Funky stick with you’re gbp in you’re current account doing fuck all.
Cheers.
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a month later
FAO of @Mad_Cyril , hold yours, they’ll bounce back
Remember the golden rule of trading Dave, buy high, sell low
4 days later
FAO of @Mad_Cyril