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Crypto Card Without KYC? | XKard In-Depth Review! - YouTubewww.youtube.com/watch?v=43u0DF2RBug
20 sats \ 3 comments \ @klk 15 May bitcoin
TLDR: The video analyzes XCard, a crypto debit card that claims to allow anonymous spending without KYC. Based in Dubai (operated by XH Hype in a free zone), it works by making users "employees" of a Hong Kong company that's the official cardholder.
You can load USDT via BSC or Tron networks, get a virtual Visa card instantly with only an email/phone for verification, and use it with Google Pay. Legal loophole: XH Hype is the official cardholder with the Hong Kong issuer, so individual users aren't subject to KYC requirements.
Personal note: fuck shitcoins, and Google.
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10 sats \ 2 replies \ @DarthCoin 15 May
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0 sats \ 1 reply \ @klk OP 15 May
This kind of product is very popular not because their users like going through the hassle of getting a non KYC VISA card (and its fees), but because some products are only available if you have one.
But its mere existence signals the growing interest of using Bitcoin as a medium of exchange. Similar to Bitrefill.
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10 sats \ 0 replies \ @DarthCoin 15 May
It's a fiat product damn it! Not bitcoin. Every fucking time you use a visa card you are literally creating more fiat from nothing and you dump your sats to Saylor.
Please read more here: #576140
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