Ethereum: Is there any Bitcoin credit/debit cards still exist?
The cryptocurrency landscape has been filled with many Bitcoin credit/debit cards and other innovative promises of payment solutions. However, when we delve into the world of digital payments, it becomes clear that many statements are nothing more than a hipte or direct scam. In this article, we will investigate whether there are real Bitcoin credit/debit cards, and why some promising alternatives may not be what seems to be.
Bitcoin credit/debit card promise
2013 Bitcoininer spent the Bitcoin credit/debit card that promised consumers to get some of their Bitcoin revenue as a net. The card was marked as a convenient way to spend their bitcoins in real life. However, the company behind the card later admitted that it had no plans to release the product.
Quickly ahead to 2020. We see similar promises that emerge in social media and online forums. Some companies claim to offer Bitcoin credit/debit cards, but it is necessary to apply for these claims with a healthy dose of skepticism.
Why are Bitcoin credit/debit cards a scam?
Bitcoin credit/debit cards often become a victim of various fraud, including:
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Bitcoin credit/debit card reality
Given these red flags, it is obvious that Bitcoin credit/debit cards are not as safe or legal as they appear. While some companies offer alternative solutions such as PayPal style services that allow consumers to take their Bitcoins traditional payment methods such as bank accounts, there is no real Bitcoin credit/debit card that can be purchased.
Alternative solutions
If you are looking for a way to skip your bitcoins in real life, consider the following alternatives:
- PayPal : PayPal allows users to transfer Bitcoins banks and other financial institutions.
- Bitpay
: Bitpay offers a service that allows consumers to pay merchants directly with their Bitcoin residues.
- Transferwise : Transferwise is a peer payment platform that allows users to send Bitcoins or companies around the world.
Conclusion
In conclusion, while in real life there are some innovative solutions to release bitcoins, the promise of Bitcoin credit/debit cards is fundamentally unfounded and frequently fraud. Be careful when investing time and money in these promises, and instead explore alternative opportunities such as payment managers or transmission services that offer fairer and safer ways to use your bitcoins.
Sources:
- Bitcoininer (now no longer in use)
- Other websites with similar Bitcoin Credit/Debit Card Advertising
- Online forums and social media groups discussing Bitcoin credit/debit cards