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In my opinion: Crypto credit cards will be the tool to help crypto break into the mainstream market.

As much as we’d like to think crypto is popular, it really isn’t that much outside of the reddit community… it’s still not close to mainstream which isn’t necessarily a bad thing. This means it still has much more room to grow and make profits.

However to reach mainstream status, we need the mainstream market to start accepting full on crypto payments, and we know that’s not happening anytime soon. So we have to integrate a form of traditional kind of payment through these crypto credit/visa cards.

I’m currently using one of these crypto cards from Zpae and they’re actually very convenient and I also get cashback on my crypto so that’s cool. If more companies keep doing stuff like this crypto will soon charge into the mainstream market. Just wait and see.

What do you think?

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24 Comments

  1. Crypto is slowly turning mainstream already. The UFC, which is one of the most popular sports organizations in the world, signed a deal with crypto.com. Their logo is now inside the octagon at all events and on fighter warm up gear and on the fight shorts of select fighters.

  2. So how do you keep track of taxes with possibly hundreds of transactions per year? Do they give you a report at the end of the year with the transaction and the price of btc at the time if the transaction?

  3. My only problem is that most of these work by auto conversion to fiat. If we want crypto to be what it is this is a bad thing. What we need is more people accepting direct crypto payments.

  4. You’re right mate. Crypto cards is one of the ways forward. Solid work from Zpae. I’ve got a Baanx debit card, and this one gives me opportunity to spend digital currencies at millions on in-store and online stores where Visa and MasterCard are accepted.

  5. So, the point of all of this is to have a decentralized currency and to tell banks to suck it. Now you’re proposing that the banks should have mayor control of it?

  6. Not if they’re visa or mastercard and still give 1.5-3% of every transaction to that bank. Crypto credit cards are literally the opposite of what you describe, imo. They’re a way for visa to keep getting its money while pretending to be part of the solution.

  7. That’s a good breakdown there, I’m pretty sure it won’t be long for more companies to accept payment through crypto cards, currently I’m using Baanx card, they already partnered with visa, and at the moment the card can be used at over 45 million in store and online merchants worldwide

  8. I think what will really cause crypto to go mainstream is if we provided the rails and tools for it to access regulated markets like say, stock tokens and forex trading. While I don’t know how we’ll get the first one on Blockchain in a decentralized and transparent manner I do know that Onomy is doing something like this by allowing institutions+retail to mint denoms with their crypto as collateral.

    DeFi definitely has the potential and ability to aid in the great migration from CeFi to DeFi and doing so would not only improve our traditional financial systems but allow crypto to go mainstream. That’s a win-win IMO

  9. There’s a token that’s working on contactless payment in its app, no credit card required, just payWave like google/Apple Pay. The app is great as a secure wallet akin to Exodus, combined with an encrypted messenger like WhatsApp. Currently supports payments in BTC but is working on more. Staking should be available by the end of the year.

    http://www.sylo.io

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