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Main => General Discussion => Topic started by: nz on February 09, 2015, 02:51:18 am

Title: cryptosigma debit card
Post by: nz on February 09, 2015, 02:51:18 am

I recently came across this debit card that youcan load bitcoin on to. Are the marketeers aware of this card as a possible off ramp for bitassets?

cryptosigma.com

Just an idea.

Title: Re: cryptosigma debit card
Post by: onceuponatime on February 09, 2015, 02:54:31 am

Quote from: nz on February 09, 2015, 02:51:18 am

I recently came across this debit card that youcan load bitcoin on to. Are the marketeers aware of this card as a possible off ramp for bitassets?

cryptosigma.com

Just an idea.

Have you tried the card? Under different circumstances? Give us a report on its viability.

Title: Re: cryptosigma debit card
Post by: yellowecho on February 09, 2015, 03:16:09 am

Quote

What does this Mean?

Bitcoin is still young, so the price is still volatile. By using Cryptosigma's Auto-Exchange function you can choose to keep your money in local currency instead of Bitcoin. When you receive Bitcoins they will automatically be converted into your chosen currency; meaning you never have to worry about price volatility.

I'd like to know more about this.  How do they store the local currency?
It'd be beneficial for them to work with BitShares because using BTC would be more expensive than using bitBTC.

Title: Re: cryptosigma debit card
Post by: vlight on March 11, 2015, 05:05:05 pm

Looking forward to this. CryptoSigma would greatly benefit from using market pegged assets like BitUSD.

Title: Re: cryptosigma debit card
Post by: konelectric on March 12, 2015, 12:24:46 am

Are you talking about BitPlastic.com? Because last I heard the fees are 5% exchange rate.

Title: Re: cryptosigma debit card
Post by: vlight on March 12, 2015, 09:01:40 am

Quote from: konelectric on March 12, 2015, 12:24:46 am

Are you talking about BitPlastic.com? Because last I heard the fees are 5% exchange rate.

BitPlastic.com uses Mastercard and cryptosigma.com will provide Visa card. Visa is superior, and is more widely accepted, imho. But CryptoSigma haven't launched yet. Hopefully the fee will not be that high.

Title: Re: cryptosigma debit card
Post by: Troglodactyl on March 12, 2015, 12:32:23 pm

If they used BitShares, maybe they could afford to lower the fees and be more attractive.