follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: Where Have All The Crypto Cards Gone?  (Read 543 times)

Offline Goodcat49

  • Legendary
  • *
  • Activity: 1567
  • points:
    1161
  • Karma: 0
  • corion.io
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: September 07, 2020, 11:20:27 PM
    • View Profile

  • Total Badges: 18
    Badges: (View All)
    10 Posts First Post Sixth year Anniversary
Where Have All The Crypto Cards Gone?
« on: June 11, 2018, 09:34:08 PM »
Back in 2017, cryptocurrency cards were all the rage. Touted as a solution for the limited cryptocurrency market, they promised a new age of crypto — we just had to wait for it. Well, it’s summer of 2018 now, and we are still waiting. Something has clearly gone wrong.

What Happened to the Crypto Cards
A crypto card is a banking card that you can load up with cryptocurrencies and later spend them at the nearest shop. Or cash them in at the ATM. The idea is that they will automatically convert your crypto into the fiat money, almost erasing the border between the two.

Bonpay actually had a cryptocurrency card at the end of 2017. They were not the only ones, but their solution was one of the most advanced at that point. However, they, as well as almost every other crypto card service, soon got set back almost to the beginning.

In January 2018, WaveCrest — a mediator between all cryptocurrency services and VISA — had their VISA contract terminated. It was coming for awhile — in fact, they repeatedly breached this contract until VISA could not ignore it anymore. And so thousands of cryptocurrency users received emails that their card service is going dark and they should probably withdraw their money until later news. For most of them, this news never came.

The Renaissance of Crypto Cards
After months of silence, most users threw their cards away or kept them as rather unique coasters. No one really expected the cards to make a comeback — especially since card issuers got much more careful with picking their partners.

However, things are getting better. There are new mediators, new projects and even some of the old ones returned to the public eye. Bonpay, for example, plans to issue the first 20 000 cards this summer.

But it’s been awhile, and in this business you always want to keep your ear to the ground. So Bonpay decided to conduct a survey and asked  people what card issuer they would prefer for their crypto cards.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/where-have-all-crypto-cards-gone/


                                                                              █
                              █████████                  ██████
                      ███████████████████████████   
              ███████████████████████████████   
            ████████████████████████████████   
        █████████████████████████████████     
    ████████████████████████████████████   
    ████████          █████████          █████████   
  ████████                ██████              ████████   
█████████                █████                ████████   
███████████                █                ███████████
██████████████                      ██████████████
█████████████████            ████████████████
███████████████                  ███████████████
█████████████                          █████████████
███████████              ███                ██████████
█████████                █████                ████████   
  ████████              ███████              ███████     
    █████████        █████████          ████████     
      █████████████████████████████████       
        ██████████████████████████████           
            ███████████████████████████             
              ████████████████████████                 
                  ████████████████████                     

CorionX


















Powered by,

Altcoins Talks - Cryptocurrency Forum

Where Have All The Crypto Cards Gone?
« on: June 11, 2018, 09:34:08 PM »

For Monthly biddings Check Here


 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod