Do you pay with crypto cards?
- Thread starter maxholy
- Start date
I'm not a fan of anything crypto. I'm not a luddite in any way, in fact I've always been a bit of an early adopter in many ways. It's just that I've made many deep dives into the technology and structure as well as the handful of people that have the deepest controls of it. The result is that it truly is nothing more than a Ponzi scheme of sorts.
Crypto cards carry significant risks compared to traditional credit/debit cards, primarily due to high volatility, potential for losses, and limited regulatory protection. While offering rewards, they expose users to asset price drops, high conversion fees, and lack of FDIC insurance if the provider fails.
I would never recommend the use of such a finance device.
Crypto cards carry significant risks compared to traditional credit/debit cards, primarily due to high volatility, potential for losses, and limited regulatory protection. While offering rewards, they expose users to asset price drops, high conversion fees, and lack of FDIC insurance if the provider fails.
I would never recommend the use of such a finance device.
Really useful insight here
maxholy
New Member
Cryptocurrency has widespread adoption and is often a way to preserve one’s assets. Cryptocurrency isn’t just about tokens; it also includes USDT and USDC—crypto dollars. In countries such as Turkey, Venezuela, Argentina, Brazil, and others, where their national currencies hit new highs against the dollar year after year, residents are increasingly turning to cryptocurrency to protect themselves and their capital from the constant volatility of their national currencies.
More bs! It is, and always be, a non backed scheme! It has no value. It only has a perceived value and that perceived value is based on the founders repeatedly expanding its acceptance. You want me to believe it is valuable because the "milling heard" is accepting it and expanding it. It has no value. It has no substance. It is completely an imaginary thing. It does not exist. You, like all the other in it, are professing it is stable and valuable. When markets began falling earlier this year everyone starting moving their money into precious metals. Not into crypto. They moved their crypto into real assets and the markets reflected this. Crypto has lost every time big markets started to dive.
Recent data (the last five years) shows crypto often experiences massive sell-offs during "risk-off" events, with significant declines linked to interest rate fears, institutional ETF outflows, and leveraged liquidations.
Crypto is not a true asset and will always be the first to drop in any crisis!
Graybeard
Well-Known Member
Funny you mention this—I’m working on something involving smart contracts. Crypto adoption is generally around 12%–20% in most places, with countries like Lichtenstein, Turkey and India being exceptions. So that sub-20% figure is pretty accurate.
In North America and Western Europe, users tend to be more affluent and more likely to use crypto for transactions. One issue is that setting up wallets—KYC, deposits, etc.—can be a hassle.
But that friction actually helps with tracking repeat CPA events. Most people don’t have multiple wallets like they do credit cards, so wallet identity provides strong attribution. In my use case, you don’t need cookies or IP tracking—the wallet itself handles it.
In North America and Western Europe, users tend to be more affluent and more likely to use crypto for transactions. One issue is that setting up wallets—KYC, deposits, etc.—can be a hassle.
But that friction actually helps with tracking repeat CPA events. Most people don’t have multiple wallets like they do credit cards, so wallet identity provides strong attribution. In my use case, you don’t need cookies or IP tracking—the wallet itself handles it.
MorganL
New Member
hello, yes, I use my bianace card when in south america, and coinbase card in usa, but it gets hard too track for my accountants, because of all the small transactions, of crypto transfering to usdc or usdt
maxholy
New Member
You are absolutly right! People using crypto not just investments in coins, but also as financial system. 10 000 USDT = 10 000 USD. And doesnt matter what is bitcoin price – 120 000 or 65 000. 1 USDt = 1 USD, so you can pay for everything you need in a few min. Once I paid for a boat trip on holidays in Asia with USDT. I also use my coca card and top up it with USDT and spend like normal debit card. So we can say that I "pay with crypto".
Nobody pay for a service or renting with bitcoins or ETH, but pay in USDT.
Better leave centralized exchanges like binance, bybit, and etc. If you are from US use coinbase, much better than binance. IF you are not US citizen, better use crypto card, but it should be non-custodia. It is important
Graybeard
Well-Known Member
A smart contract payment gateway uses ETH that's most commonly used.
The users can convert it to USDT if they want and pay the conversion costs in their own wallet.
This is a complex DAO'ish' system PaaS (Platform as a service).
maxholy
New Member
yes, you pay in WTH to send your USDC
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