Bitcoin payment cards: How do they work and how to use them?

in bitcoin •  7 years ago 

"It is important to know that the BTC cards are part of the Visa / MasterCard system as the leading payment processors and are used worldwide"

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"The liquidity of bitcoin or some other cryptofthe means how quickly and easily we can convert our buyer into another currency or pay for different goods and services." For now, cryptographic use is mainly used for online commerce, while the volume of online shopping is still negligible. (bitkoin) is not the same as the money we use on a daily basis, with which we can enter the store and buy something like what we would do with the traditional cash system.This is a big challenge for digital currencies.To solve this problem, debit BTC cards that allow consumers to use them as any other payment card.The cards are debit because we can spend as much money as we have on the account.For now, there is no possibility of exceeding the amount because of the nature of the blockbuster we wrote about.

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Bitcoin debit cards are prepaid debit cards that allow us to supplement them with BTC, which, when paid, converts to a currency such as USD, EUR, GBP, and others. This way we can pay different goods and services using bitcoin. It is important to know that the BTC cards are part of the Visa / MasterCard system as leading payment processors and are used worldwide. Why is this important? Bitcards as a means of payment are accepted by a limited number of merchants while VISA / MasterCard cards are widely accepted. Because of this, access to a VISA / MasterCard debit card associated with BTC is important. Bitcoin debit cards look like any other debit card and contain all the necessary elements like cardholder name, card number, expiration date, CVV / CVC codes, and more. They are made with a chip like any other EMV (Europay MasterCard Visa) card and it is necessary to have a Peronal Identification Number (PIN) for their use.

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In addition to classic plastic cards, there are also virtual BTC cards. Plastic BTC cards are used as well as other payroll cards in the Visa / MasterCard system. Virtual cards represent applications on our mobile phone and have limitations especially in terms of cash withdrawals at ATMs. Virtual cards are also susceptible to hacking attacks that we have written in the previous sequences. Some of the more prominent BTC cards are: Wirex, Cryptopay, Xapo, Uquid and others. Although there is a debt to full acceptance of payment cards that are related to crypts, the complete system will continue to develop and improve. The fate of individual crypts and even bitches as the most widespread digital currency will not affect the development of a block-based payment system. First of all, the system enables simple exchange of one currency into another, as well as payment and transfer of money that takes place almost instantly with the lowest transaction costs. In this way, the digital currency system operating on the block platform is competitive and certainly represents a serious alternative to all current payment systems. "

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With this method it's easier to use our bitcoin in any transaction..thanks for this.

Thank you for informing me 😀💳💱💲

I never knew they had these thanks for sharing