Beautiful website and I'm a bit confused by the product. They seem to both be a direct to bank account exchange, and a debit card, and have plans to allow buying bitcoin to self-custody. Also, seems europe focused. Anyhow, it's nice to see another bitcoin-focused fiat card thing after many of them have shuttered.
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100 sats \ 1 reply \ @anipy 18 Nov
They partnered with Striga, actually, most companies use Striga’s APIs (IBAN for individual users, on-ramp/off-ramp, virtual/physical debit cards, etc.) behind the scenes — like Bitwala, Bringin, Wave Space, and I think even Bitrefill uses it for cards. So they all have almost the same functionality but differ in how they provide the UX to their users. I’d say they are competitors at a top level, but at the underlying level, I think Striga is winning the bigger game. Striga even handles compliance and regulatory stuff for all these companies. Btw Lightspark recently acquired Striga.
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30 sats \ 0 replies \ @DarthCoin 18 Nov
LOL the plan is rolling over...
https://unlimitedhangout.com/2024/10/investigative-series/the-chain-of-command-how-facebooks-libra-bank-regulators-and-paypal-built-a-new-world-currency/
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26 sats \ 0 replies \ @BlokchainB 18 Nov
Only for EU folks
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21 sats \ 13 replies \ @DarthCoin 18 Nov
It's a fiat scam: #1285621
Is not. It's an abomination. You are literally giving your sats to Saylors and Mallers.
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0 sats \ 12 replies \ @k00b OP 18 Nov
you're not wrong
better or worse than tether?
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21 sats \ 10 replies \ @DarthCoin 18 Nov
Tether is fiat. Same shit.
Use only BTC. Never going back to fiat.
I wrote about that aspect here: #576140
If we are not doing even small steps like this, to reject anything is fiat, we will never get rid of fiat and will always be fiat slaves.
I really do not understand why Bitcoin companies are still creating things linked to fiat instead of making even harder to go back to fiat.
I think my old meme say it all
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11 sats \ 9 replies \ @teemupleb 18 Nov
Because 99% of people still use fiat as a unit of account and for this reason there’s a product market fit
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0 sats \ 8 replies \ @DarthCoin 18 Nov
Then why are we even complicating anymore with Bitcoin, wallets, solutions etc?
Let's just use old fashion fiat rails and that's it.
WHY ARE WE HERE?
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5 sats \ 7 replies \ @spiderman 19 Nov
The easier we make on ramp or off ramp, the more liquidity Bitcoin gains. In many countries, it is easier to buy and sell forex than Bitcoin. That is an abomination that these services can mitigate.
Once Bitcoin is liquid enough for on or off ramp, then it will be the default choice of people suffering from inflation, bank account freezing etc. Like you see in Iran, egypt, venezuela etc. people are dollarising to protect their wealth. Why not bitcoinising instead of dollarising? The challenge is on or off ramps.
So yeah, if another service makes Bitcoin easier to acquire or spend than fx, then bitcoin will have a better shot at replacing fiat under inflation or capital control.
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0 sats \ 6 replies \ @DarthCoin 19 Nov
This is not bitcoinizing. It's just giving more btc to saylor.
You mention Venezuela... After 16 years and they are still shitcoining with all kind of stupid crap coins.
People are too stupid for bitcoin and these visa cards are the perfect example of stupidity.
My meme still stands
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55 sats \ 5 replies \ @spiderman 20 Nov
You are thinking of Bitcoin as a revolution.
I think of it as an evolution, the strongest contender in the Darwinism among different forms of money. Yes, it is strongest, but it does not play out in one day/week/year, it is a decade spanning process.
As more and more people recognise the value of self-sovereignty of money, they will adopt (or die poor and hungry with stash of hyperinflated Fiat notes), but it will not happen tomorrow.
And, in the process, every on-ramp or off-ramp will be another small nail in the coffin of Fiat.
Venezuelans are shitcoining? Yes, because they are ignorant morons like much of the world. But not the smartest ones among them, they are hedging their bets with Bitcoin. There are at least two full nodes running from Venezuela, for example.
I delivered multiple Bitcoin lessons for total noobs, and the third question I always I get is
The simpler the answer (again, for someone starting out), the better for Bitcoin.
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0 sats \ 0 replies \ @DarthCoin 18 Nov
Imagine this also: people are making all kind of mental gymnastics on how to get sats without KYC, coinjoins, LN channels etc, to ... go back to a KYC VISA card that is tracking every fucking spend.
LOL THIS IS INSANE!
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0 sats \ 0 replies \ @SwapMarket 19 Nov
Nobody should care about KYC cards. Same as selling bitcoin on a CEX and paying CGT, but with higher fees. Bitcoin should be spent directly with no taxes.
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