All Jan3 Dolphin Cards have been suspended \ stacker news ~bitcoin

pull down to refresh

All Jan3 Dolphin Cards have been suspended x.com/Excellion/status/1994633345071034405

896 sats \ 37 comments \ @Scoresby 29 Nov bitcoin

I didn't really know what a Dolphin Card was, so I had to look it up:

The Dolphin Card is a privacy-preserving VISA® card that lets you spend your Bitcoin directly from AQUA. It’s primarily designed for online, in-app and over-the-phone purchases, but it can also be used in-store where merchants allow manual entry of card details.

You fund the card by depositing BTC, L-BTC or USDt in your AQUA wallet to top up your balance. After two network confirmations, the amount you top up is converted into USD, ready to spend.

Once you’ve added funds, the Dolphin Card works just like any other VISA® credit card. You can use it for one-time purchases or set it as a default payment method for recurring charges like subscriptions and delivery apps.

source

view all related items

115 sats \ 14 replies \ @BlokchainB 29 Nov

I expect this to keep happening with these card networks

53 sats \ 4 replies \ @Scoresby OP 29 Nov

I wonder when the card networks will actually admit that bitcoin (perhaps also crypto) is a threat to them and start fighting in earnest.

21 sats \ 0 replies \ @spiderman 29 Nov

Are not these events proving they are already fighting it?

102 sats \ 0 replies \ @BlokchainB 29 Nov

I think this card may have been shut down for compliance reasons. Maybe too many fraud/illicit complaints were raised.

Yeah, this is the bearish case for Fold. While the duopoly we have with the card networks could prevent this to some extent, the “crypto” card companies aren’t really a threat at this point in time.

48 sats \ 1 reply \ @DarthCoin 29 Nov

Wrong questionn. Right question: why bitcoiners still use these cards and are not the ones that fight against them. These cards are the pure fiat evil disguised in bitcoin services comnpanies.

25 sats \ 0 replies \ @BlokchainB 29 Nov

Because they are useful

48 sats \ 1 reply \ @standardcrypto 29 Nov

Yeah this is just going to keep happening again and again.

Until the merchant cards themselves are begging the well networked bitcoin / lightning service providers to connect, and lobbying congress to have it whitelisted.

Stay in your lane, know your lane, obey the traffic rules. Whatever ;)

0 sats \ 0 replies \ @BlokchainB 22h

Yeah I agree. Square started this trend let’s see if other payment processors and payment networks adopt it

0 sats \ 6 replies \ @DarthCoin 29 Nov

LOL such hypocrisy... from the guy that is heavily using these visa cards

202 sats \ 5 replies \ @BlokchainB 29 Nov

Because I got bills to pay and a life to live

165 sats \ 0 replies \ @standardcrypto 17h

😂

touche lol

0 sats \ 3 replies \ @DarthCoin 10h

Fiat life

0 sats \ 2 replies \ @BlokchainB 10h

Real life

0 sats \ 1 reply \ @DarthCoin 9h

LOL you name fiat life real? Definitely you are a fiat maxi pretending to be a bitcoiner.

You never understand this meme

0 sats \ 0 replies \ @BlokchainB 13m

No I said my bills are denominated in fiat

102 sats \ 9 replies \ @DarthCoin 29 Nov

All those losers cheering up in this post #1050615 about these visa cards are getting REKT now.

Oh I fucking love this!

100 sats \ 8 replies \ @Scoresby OP 29 Nov

I hadn't paid much attention to the Dolphin card thing, but I wonder how different it is in principle from a Square terminal auto-converting bitcoin to dollars for a merchant?

Imagine this scenario: I want to spend bitcoin. I go to a merchant who uses Square. The merchant doesn't care about Bitcoin, but I convince them to turn it on in their terminal by telling them they don't have to hold any. Now I can spend bitcoin at this merchant and they can get the dollars they want.

Is this scenario materially different from someone using the Dolphin card? I suppose it is because in the Square scenario, the merchant still has to turn it on. While in the Dolphin card scenario, the payment processing partner handles all the bitcoin stuff and merchants never see it.

107 sats \ 7 replies \ @DarthCoin 29 Nov

The thing is that as bitcoiners, we should avoid as much as we can merchants that do not want to hold sats. Simply as that.

Do they want only fiat? Fine, if you still have fiat, pay with regular fiat. Do the want sats? Perfect, pay with your BTC wallet.

Do not pay / use these conversions only for the sake of paying with sats.

BOYCOTT ALL THE FIAT MERCHANTS.

123 sats \ 6 replies \ @spiderman 29 Nov

How do you know if a merchant holds the sats? They are not obligated to inform you

0 sats \ 2 replies \ @DarthCoin 29 Nov

that's why is better to onboard one by one, wisely selected merchants.

0 sats \ 1 reply \ @standardcrypto 17h

Merchants come to bitcoin when they actually need it. Most of them don't. That's ok.

There's really almost no reason to "onboard" anyone.

When they need it, they'll come in droves.

0 sats \ 0 replies \ @DarthCoin 10h

did you read what the meme said?

0 sats \ 2 replies \ @DarthCoin 29 Nov

Yes, is a good question. Is more about knowing the merchant. Is enough to talk with them for a while and immediately you will know on what side they are leaning.

Like you for example, you are not a real bitcoiner yet, and I see that but what you talk about and what you post.

0 sats \ 1 reply \ @spiderman 15h

So you mean if I sell weeds you will never buy a joint from me even if i accept sats?

That is super mean man

0 sats \ 0 replies \ @DarthCoin 10h

I don't smoke. My only vice is beer.
If you do not accept btc... HFSP

184 sats \ 0 replies \ @aljaz 29 Nov

I smell the same scenario as when WaveCrest was dropped by Visa in 2018 and all the crypto cards disappeared because everyone used the same issuer for all their cards

21 sats \ 0 replies \ @leo 12h

There's no alternative to real Bitcoin adoption

107 sats \ 0 replies \ @rblb 29 Nov

no kyc cards were too much even for blockstream

120 sats \ 0 replies \ @SimpleStacker 29 Nov

Operation Chokepoint still in effect it seems?

123 sats \ 2 replies \ @Norbert 29 Nov

Pay With Moon just removed their prepaid Visa cards from their site too, possibly yesterday just shortly after tweeting about Black Friday (https://x.com/Mrcode100/status/1994459257987637676), so new cards can't be created. Anyone have existing cards and can confirm whether they still work?

0 sats \ 0 replies \ @Norbert 11h

Looks like existing Moon cards did stop working. Someone got an update from Pay With Moon's customer support:

The tech team is aware of intermittent card issues experienced by Moon users. They're working on a fix.

Please note that new card creation is temporarily paused.

So they're not going to say it outright, but it's pretty obvious they lost their card provider. On the same day as Jan3 lost theirs. It would be interesting to know if this happened because they had the same provider, which got enough and canceled them both on the same day, of if there's a wider crackdown going on. I'm guessing the former, since I haven't heard of more cases.

0 sats \ 0 replies \ @DarthCoin 29 Nov

10 sats \ 0 replies \ @optimism 8h

I also didn't know they did this. A couple of years ago, one of my friends told me the same happened to the Dashpay no-KYC VISA card, so this was predictable? From what I remember, the network came under pressure from some merchant (receiving) banks that the issuer wasn't compliant and it was basically said as: "either we will deny-list the issuer, or you fix this".

Banks are coercible, so all your bank rails are.

20 sats \ 0 replies \ @standard_sats 21h

We did an experiment back in 2022. We have integrated Valet ♦️ with fiat cards. After a while we figured out that our provider had changed multiple banks and funds could not move until they transfer them into new bank.

Today we have dozens of such crypto card providers. It is never clear enough if funds are really safe.

0 sats \ 0 replies \ @SwapMarket 8h

Any and all non-KYC cards are risky

0 sats \ 0 replies \ @bitcoingecko 29 Nov

I really hope places will start accepting Bitcoin over lightning so we don't need these kind of things happening anymore

0 sats \ 0 replies \ @DarthCoin 29 Nov

Buahaha I told you so.