What if I say that in India, we can now use crypto for shopping and make payment like we normally. May be you won't believe at first and dont know how would you react but its true and I am going to explain in the post, how.While Indian crypto community is struggling since last year to make crypto regulated so in this time this initiative might bring an smile on crypto trader's faces.
Bitbns, the Indian cryptocurrency exchange has launched their Debit card knows as Bitbns Pay and this card is like a traditional Debit card issued by banks.
This is a Debit card cum hardware wallet in which you can store the crypto-currencies and use it for spend at all the places who accept debit cards. We all knows how to pay using Debit card and with Bitbns Pay card payment, nothing changes in the process of making a payment. Just need to swipe the card and pay but good thing is that they are giving 3% discount on each and every transaction by Bitbns pay card and there is NO restriction of minimum value transaction too. This really sounds cool. isn't.
But that's not all because this card is not just a card which can be used for payment but this is a hardware wallet which lets you store your crypto funds in the card safely. Most of us know that hardware wallets are most secure in terms of security and this card does its job. Bitbns has combined both things like- Payment and secure wallet in to one.
Bitbns Pay Card Features-
- Make Online Purchases
- Real-time Transactions
- Flat 3% Discount
- Spend Crypto, Anywhere, Anytime
- Store and Transfer Crypto
- Highly-secured with In-built RFID Blocker
Currently they are running a contest to get this card for free. As per them this card will cost about USD 75 but under the contest they will do give away of 1000 cards to those who shares about in social media. To know more about the contest please visit below link-
https://medium.com/bitbns/bitbns-pay-revolution-begins-here-9cdc8839c33e
Indeed this is cool initiative which will give variety of options to users. Last year Unocoin also had installed Crypto ATM in Bengaluru but later it was closed due to regulation issues by Govt authority. I personally hope this time that Govt should not go against it instead we should be given freedom to do whatever we want to with our money. So for now I am hopeful that this will become a success.
Thanks much for stopping by.
Wow! This great news and is impossible for the mass adoption of cryptocurrency in India. I just hope the Indian government does not play their way into stopping this movement.
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This is an important step to popularize cryptocurrency in India. And I hope solutions like that will spread worldwide.
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Hi @discernente
I completely agree with you. If cryptocurrency becomes part of our daily life then it will massive adoption. Thia is indeed a good initiative and if govt stay positive then many people will start using it which will help crytpo community grow.
I am also hoping to see many countries taking such initiatives.
Thanks a lot @discernente for stopping by.
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You got a 26.15% upvote from @redlambo courtesy of @discernente! Make sure to use tag #redlambo to be considered for the curation post!
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Dear @alokkumar121
What good news that you are indicating.
I have great faith that my country Venezuela can become economically free, that is good for the GDP of a population and the mere fact of the cryptographic growth indicates that we can go in the right direction.
I hope that one day in Venezuela we can count on this type of payment method.
I congratulate you and pray that you can get your card.
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Hi @lanzjoseg For your country I wish Venezuela gets its economic freedom but I love the enthusiasm of Venezuela people towards Crypto adoption.
Wel said this type of payment methods will take us one step ahead towards the latest technology trend.
Thanks for wishes dear and I also hope that Govt should be positive with this move.
Thanks for stopping by.
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Have you ordered one and used it yet? WOuld like to see a video of it in action. I tried to get a Tenx card not too long ago but it's not available in South Africa
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Hi @chekohler it's just launched and not yet available to buy but soon it will be available. I am waiting to see it available for purchase and then will give it a try. Thanks for stopping by.
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It is excellent news that you can already count on a tool as practical as a debit card that is also an altcoin wallet. I guess you must have some way to recharge or just use the address of the wallet? Even though in my country there is still much needed for this type of revolution, the important thing is that the platform already exists, so I think it should not be difficult to adapt to the conventional trading system.
I've always wondered what happens if someone steals your device, can they extract your cryptocurrencies? Is there any way to recover the cryptocurrencies?
I guess this company has to have an excellent support department.
Nice reading your post @alokkumar121
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Hi @jadams2k18
This card is debit card cum hardware wallet and whatever balance you have in it can be used for payment. This is provided by one of the exchange so if you have no balance of any crytpo then you can as well and keep in hardware wallet and that would be used for payment.
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This is very good news for India.
Since I met the cryptomonedas, I have always wished that in my country there is this wonderful tool that you have brought us today, dear @ alokkumar121.
Precisely what we want is to give real use to our crypto-profits. For this we must resort to local exchanges to opt for the Fiat, then we must pay some interest for these transactions. This represents losses.
Of course, I imagine that for the use of this wonderful debit card, we must acquire the tókens related to the company that promotes it.
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Hi @juanmolina
Yes, it's a good new for India. As per the information provided we just need to keep the coins in this hardware wallet cum debit card and we can use it like the normal debit card. There is no restriction for specific company tokens.
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I've heard someone complained here just last week about not been able to withdraw his crypto tokens, Steem preferably, this is surely a good news to them all.
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Since i haven't tried to withdraw steem and I don't even have plan to but if someone faced this issue then for sure this could be a great option for them. Thanks @botefarm for stopping by.
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@alokkumar121, Definitely great news after a long time and in my opinion it will going to receive great welcome from the Indian Crypto Enthusiasts.
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Hi @chireerocks yes, indian cryptocurrency community is very excited as this will give them option to use crytpo funds for their daily. This could become a huge success but banking Ban will play negative role for massive adoption. Thanks for stopping by.
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Let's see how the trend will move.
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Nice information...
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Thanks @rdradhe
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Hello dear @alokkumar121.
What a wonderful financial tool the citizens of India have now.
This is a big step in the right direction to encourage the mass adoption of crypto.
The vast majority of cryptocurrency holders in India are always in search of the necessary fiat to cover their daily needs.
With this card they can pay directly without having to lose the commission percentage that comes with selling the tokens. I am right?
Thank you for sharing this.
All best, Piotr.
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Yes @crypto.piotr this looks like a great initiative by the Indian exchange for Crypto community.
There is no commission as of now and even they are giving 3% cashback in all the payment without without any minimum transaction amount condition. So this is great deal.
Thanks for your valuable comments brother. Take care
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Thanks for sharing good information.
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Thank you so much @shashiprabha
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