I can't really find details on how this works. I assume the merchant still receives USD in the transaction along with the typical Visa card transaction fees. Which in that case, what is the point?
Introducing the Shift Card: Use Bitcoin where Visa is accepted
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Re: Introducing the Shift Card: Use Bitcoin where Visa is accepted
#12"The default PIN is the last four digits of your registered mobile phone number. Please call Shift support at 800-897-0717 to reset your Shift Card pin." That's a terrible idea. This isn't a library card. You're PIN shouldn't be known by anyone who knows your phone number.
Well, it does say "default" PIN. Still not good, but you can at least change it, presumably.
Re: Introducing the Shift Card: Use Bitcoin where Visa is accepted
#13"The default PIN is the last four digits of your registered mobile phone number. Please call Shift support at 800-897-0717 to reset your Shift Card pin." That's a terrible idea. This isn't a library card. You're PIN shouldn't be known by anyone who knows your phone number.
That's pretty horrendous. Should be inactive until you activate it, or randomly generated and displayed to you securely in some way.
Re: Introducing the Shift Card: Use Bitcoin where Visa is accepted
#14Someone please change the title to Anywhere IN US :)
Re: Introducing the Shift Card: Use Bitcoin where Visa is accepted
#15I can't really find details on how this works. I assume the merchant still receives USD in the transaction along with the typical Visa card transaction fees. Which in that case, what is the point?
To be able to spend your bitcoin balance without a manual conversion and bank transfer?
Re: Introducing the Shift Card: Use Bitcoin where Visa is accepted
#16I can't really find details on how this works. I assume the merchant still receives USD in the transaction along with the typical Visa card transaction fees. Which in that case, what is the point?
You don't have to hold dollars to spend dollars, is the only thing I can think of.
Re: Introducing the Shift Card: Use Bitcoin where Visa is accepted
#17Don't get the point of this. I'm assuming it's going to be a slightly more expensive way of buying things with a card? As supposed to me being charged in $, I'm assuming it exchanges some of my BTC balance for $ which is going to come at some cost.
Re: Introducing the Shift Card: Use Bitcoin where Visa is accepted
#18Someone please change the title to Anywhere IN US :)
The text says "at over 38 million merchants worldwide" which seems to imply that it isn't limited to the US in the sense in which you want to change the title.
Re: Introducing the Shift Card: Use Bitcoin where Visa is accepted
#19You can now use Bitcoin anywhere VISA is accepted, so long as coinbase doesn't close your account, ignore you and close all the tickets you open. Even if you painstakingly collect and compile sensitive documents for them to review, which was a gigantic waste of my time, thanks!
I have for months encouraged everyone I know not to use coinbase and will continue to do so.
Re: Introducing the Shift Card: Use Bitcoin where Visa is accepted
#20"The default PIN is the last four digits of your registered mobile phone number. Please call Shift support at 800-897-0717 to reset your Shift Card pin." That's a terrible idea. This isn't a library card. You're PIN shouldn't be known by anyone who knows your phone number.
that is terrible, especially for a company in the bitcoin space which should be encouraging best practice for security at all times.