I posted this idea on the telegram yesterday and not sure if it was picked up by the dev team for discussion during their meeting this week.
What about a Bitcore Pink Debit Card. Yesterday I came across this BCash post by Roger Finger Ver
https://twitter.com/rogerkver/status/940253050731679744I think a Bitcore Pink Debit Card would be a big step toward mass adoption.
I don't think a real Debit Card would be any kind of reasonable with the current volatility. To use a debit card in real life use cases you would need at least some price stability. With currently going 25% up and down every day there's no way to be able to tell how much you're paying at a moment in regards to fiat. To function I also think there would have to be a least on one exchange a real BTX/FIAT trading pair, anything else you would have always to go transitive BTX->BTC->FIAT which would add just more fluctuations to the mix.
Especially with not having now at least distributed all the funds, there's no way for this to happen. Most of the bigger moves can really just start when the complete supply is distributed and the airdrop wallet is cleared.
Besides that I'm very intrigued by picturing a nice pink, fractal and techy matrix style debit card for bitcore (@portalM, @Kryptowerk), I think it's much to early to go there.
It's your opinion and if everyone would feel as pessimistic as you are about crypto, this greatest revolution of the human kind would never reach mass adoption!
Things go fast in crypto buddy! You need to be ahead of the curve and not be in a reactive mode, otherwise, you'll lose! ...like we say you snooze you lose!
Do you think all Bitcoin payment gateways that exist were put to the market too soon, because they're actually lots of BTC volatility?
Volatility is non-argument. Coins scarcity will always be translated into volatility... the FED can't print crypto from thin air here!
A debit card won't happen overnight, it will take months in the planning to come to reality.
The point is either it be a debit card or any other payment gateway, Bitcore will need payment tools to gain mass adoption, regardless of the price volatility. And these things need to be planned NOW!
First let me point out I like the discussion
Only pros and cons bring us forward.
I don't think I'm a pessimistic guy. Crypto moves fast. I'm totally aware of that. But with a debit card you're crossing the border to the fiat world. With paying on payment gateways you always have the possibility to show the customer just both values, crypto and fiat. That's a completely different scenario then paying with a card "offline" in a fiat-priced store.
You also would have to find a payment processor being able and ready to take the risk of bargaining with a not very widely adopted and known currency.
I don't see that a debit card is not a viable option, but I think it's much too early atm. In a half years time when the distribution is through and bitcore is more widely known.
We need to go there that's obvious, but I don't think it makes much sense to care for this now. Because everything you can do at first is searching for partners and do you really think there is someone at the moment you could realistically talk about taking up bitcore as a debit card? So in my opinion the ressources would be wasted atm. I would say they're put better in finding online payment gateways, adding features to the code, being taken in more wallets (esp. itunes), taking on more campaigns to get more attention (very many things espe. contachts come with more attention automatically)....
VISA, MASTERCARD and many of the major credit card companies have partnership programs that groups, retail chain stores, or other companies can join. Think of your favorite brick and mortar store that have his own VISA credit card. There is % fee to pay to VISA, MASTERCARD, you need to comply with their rules and then bam... you can have your own Bitcore debit card with a VISA logo on it. It probably takes 6-12 months just to get the first card out... that's why it needs to be in the pipeline now for H2-2018. If you wait next summer to plan these things, you'll miss the boat!
Yes, there are many partnership programms. But I would say you're mixing sides, aren't you? All the partners you are talking are partners reselling (just stick to visa for this post as an example) visa cards with their logon on it. What you want for bitcore is a completely other thing. You want VISA to make their debits completely funded on a BTX basis. None of the partners you stated above acts as "bank" on the other side. They are only using the logo and the network of VISA to get their bills paid. Or am I here completely mistaken?
What you want is to find a payment processor (could be VISA) to use BTX as their basis for funding a debit card. But as I write, do you want the card to internally use BTX or just to be able to be funded one time per BTX and for all payment run completely on FIAT? If the second one is the case, I'm completely with you. This should be possible. Therefore you would just have to find a reseller printing your logo on it and a gateway to "load" the debit cards.
I thought till now you wanted to run the account completely in BTX and therefore make any transactions in fiat converted to BTX on the spot.
Sorry I think we talked at cross purposes
Yep I see your point now... I think we were talking about two separate ideas. The option you're talking about is indeed a long shot, as many other cryptocurrencies will do the same too. I'm sure the Bitcore team his already looking into this...
At the end of the day people want to use their crypto for their daily needs... pay for grocery, buy a Starbucks coffee, etc.
I think the next big thing that will boost the overall crypto adoption within the mass population is the ability to use crypto to buy stuff. Payment cards like TenX will have a short life and won't be around in the 2020s, but they will certainly have lots of success over the next 12-24 months.
In the meantime, these existing credit card programs are the easiest/fastest way to being able to spend BTX. But I agree with you, it's certainly not the end goal.
Heck.. worse case scenario, the dev team cut a deal with TenX and all the other cards out there!
