That's the fine thing about crypto tho, it works just like cash. You don't have to carry your mattress around at all time with millions in your life savings, you only carry what you need and what you can afford to lose. I.e only transfer a small amount to the custodial wallet before you go shopping.
With this method you can even use multiple cards and might have a chance to pay still if one of the exchanges or card processors are down.
Beats bank accounts monopolies when society goes cashless. Nobody wants a cashless society but unfortunately it's inevitable because banks have monopoly on cash.
That's fine, I agree. People should just understand what they are getting into and not just assume because some new banking service uses crypto that it isn't just as scummy.
We're almost there with the digital wallet apps being able to make NFC payments.
Until then I have a coinbase debit card that I use on the regular. Coinbase accounts can also accepts direct deposits. So they're one of the better middle men for the moment.
Your prepaid crypto card is custodial too. Unless you set up your own wallet and use it directly it is just as controlled as the banking system.
There is one corrorally indeed, to fund it from a different location (wallet) and keep the majority of the funds decentral.
It is all about risk analysis and remediation.
O and the best thing: trigger sellers to accept crypto. Either by using a quick and cheap system peer to peer, or with a P.O.S.
That's the fine thing about crypto tho, it works just like cash. You don't have to carry your mattress around at all time with millions in your life savings, you only carry what you need and what you can afford to lose. I.e only transfer a small amount to the custodial wallet before you go shopping.
With this method you can even use multiple cards and might have a chance to pay still if one of the exchanges or card processors are down.
That's all good if you wanna do it that way, but the card account is still:
Beats bank accounts monopolies when society goes cashless. Nobody wants a cashless society but unfortunately it's inevitable because banks have monopoly on cash.
That's fine, I agree. People should just understand what they are getting into and not just assume because some new banking service uses crypto that it isn't just as scummy.
We're almost there with the digital wallet apps being able to make NFC payments.
Until then I have a coinbase debit card that I use on the regular. Coinbase accounts can also accepts direct deposits. So they're one of the better middle men for the moment.