“Individuals must basically stack their crypto through the soon-coming bitcoinblack secure wallet app or web app, and are instantly committed to spending their crypto with the best conversion rates and high breakpoints.”

Even if a card is emitted in partnership with VISA, that is no reason to automatically define it as legit and safe. Also it remains to be seen what "best conversion rates" actually mean. Visa is not that good when it comes exchange rates. For example even at fx rates you need to pay something like 3.5%.

Tokens are useless garbage as we all know, why should VISA give themselves an unnecessary legal headache in implementing them with SEC compliance, when they could've just used the tried-and-tested points system instead?

If you bothered to read the article you would notice that his "no limit" card will be available only to those super rich people and not to average Joe. After all, for an average user standard crypto debit cards are more than enough, or you think that there are millions of crypto users that can afford spending tends of thousands of dollars worth of crypto on the daily basis so they need this special card?

As for limiting to only 10k users, its nothing but a marketing technique in order to attract people.

Yeah, absolutely right.

But I'm not sure how they will manage to know who to contact.

I mean, they say ten thousand people, but how they even know who is the owner of Bitcoin? Isn't it supposed to be a private matter?

And if this is invitation only, how can they know? I can understand if it's an application started from the person itself, but invitation? How can they know?

Of course this card provides no technical benefits to other Visa-based cards, but to me that's never been the benefit of having these cards. In many European countries BTC purchases via these cards leads to 0% tax (as it's for a purchase), as opposed to simply selling to fiat and buying what you want. So clearly there is an enormous tax-based benefit in being able to purchase something with 0% tax as opposed to up to 40%. If you are based in the US, then probably these cards are indeed useless, but to others it could save a tonne of money if used wisely, even if the benefit for Bitcoin is effectively 0.


This is quite common to be honest, it's similar to Coinbase and others. In order to avoid being inundated with potential customers. Not that suspicious in reality.


Just sounds like Visa wanted a % of the profits from Visa-based cards, because they have been missing out until now.

So the press release has been deleted from PRNewswire
https://www.prnewswire.com/news-releases/the-worlds-most-exclusive-no-limit-global-crypto-visa-black-card-bitcoinblack-officially-launches-in-uae-301580074.html

The previous webpage has been modified and only left the request invitation now:
https://web.archive.org/web/20220407062046/https://www.bitcoinblackcreditcard.com/

After posting twice or thrice a day, the Fb and other pages are dead silent:
https://www.facebook.com/btcblackcard
https://twitter.com/btc_blackcard

The token page is dead:
https://www.spendtoken.com/


It looked like a scam, it sounded like a scam, guess what it turned out to be?