London Startup Launching Visa Card for Spending Bitcoin and Ethereum
1–10 of 17 posts
Re: London Startup Launching Visa Card for Spending Bitcoin and Ethereum
#2"The Visa card, which will be issued by Gibraltar-based pre-paid card provider Wavecrest, will be linked to an app that allows users to buy and hold cryptocurrencies through the LBX exchange. Customers will also be able to withdraw money using the card. Cryptocurrencies will be converted to sterling at the time of withdrawal."
Great, so I can put in £200 at the start of the day before work, then when it gets to lunch and the bitcoin market is currently crashing, I can withdraw my full savings now valued at £2 and buy half a sandwich, bargain!
Re: London Startup Launching Visa Card for Spending Bitcoin and Ethereum
#3"The Visa card, which will be issued by Gibraltar-based pre-paid card provider Wavecrest, will be linked to an app that allows users to buy and hold cryptocurrencies through the LBX exchange. Customers will also be able to withdraw money using the card. Cryptocurrencies will be converted to sterling at the time of withdrawal." Great, so I can put in £200 at the start of the day before work, then when it gets to lunch…
Wavecrest is the issuer for 90% of crypto debit cards. So there is nothing new here and these cards have existed since 2014.
Re: London Startup Launching Visa Card for Spending Bitcoin and Ethereum
#4There are multiple companies doing this. Check out TenX and Monaco for example.
Re: London Startup Launching Visa Card for Spending Bitcoin and Ethereum
#5I'm wondering how long it will be until Revolut fully commit to supporting BTC on their cards.
Re: London Startup Launching Visa Card for Spending Bitcoin and Ethereum
#6"The Visa card, which will be issued by Gibraltar-based pre-paid card provider Wavecrest, will be linked to an app that allows users to buy and hold cryptocurrencies through the LBX exchange. Customers will also be able to withdraw money using the card. Cryptocurrencies will be converted to sterling at the time of withdrawal." Great, so I can put in £200 at the start of the day before work, then when it gets to lunch…
Bitcoin has never, even in the biggest crashes, gone down 100x in value.
It has gone up 100x in a few years, though.
Re: London Startup Launching Visa Card for Spending Bitcoin and Ethereum
#7"The Visa card, which will be issued by Gibraltar-based pre-paid card provider Wavecrest, will be linked to an app that allows users to buy and hold cryptocurrencies through the LBX exchange. Customers will also be able to withdraw money using the card. Cryptocurrencies will be converted to sterling at the time of withdrawal." Great, so I can put in £200 at the start of the day before work, then when it gets to lunch…
missed out on the bitcoin boom, eh?
Re: London Startup Launching Visa Card for Spending Bitcoin and Ethereum
#8"The Visa card, which will be issued by Gibraltar-based pre-paid card provider Wavecrest, will be linked to an app that allows users to buy and hold cryptocurrencies through the LBX exchange. Customers will also be able to withdraw money using the card. Cryptocurrencies will be converted to sterling at the time of withdrawal." Great, so I can put in £200 at the start of the day before work, then when it gets to lunch…
Bitcoin has never, even in the biggest crashes, gone down 100x in value. It has gone up 100x in a few years, though.
Heck, I would simply be worried about a 1x drop.
Re: London Startup Launching Visa Card for Spending Bitcoin and Ethereum
#9Is anyone actually spending Bitcoin? Given the ludicrous growth, it seems prudent to just leave it in the bank.
Re: London Startup Launching Visa Card for Spending Bitcoin and Ethereum
#10Is anyone actually spending Bitcoin? Given the ludicrous growth, it seems prudent to just leave it in the bank.
Prudent and Bitcoin are two words that don't belong in the same sentence. You never know when and if you're in a bubble until its too late, but the ludicrous growth isn't a good sign of stability.