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Thanks for the clarification, so it seems the markup stems from the relative lack of liquidity in the FX rate, not BTC market itself.
Surprising in the case of HKD though, as I thought they maintain a tight peg of 7.8 and USD is considered almost local in Hong Kong to the extent many shops and banks happily take it for sizeable transactions.
In my experience the exchange rates (USD, EUR, CAD) have always been fair in the past. Their Lightning node is also well-managed, so there are usually no significant routing fees.
But you're right, the card in question has an absurd exchange rate, regardless of what you pay with. I also checked for the Ikea and Grab SGD vouchers, and it seems like they use at least three different exchange rates for SGD/USD, then apply a fair rate for USD/BTC.
I also checked for HKD, and the 7-Eleven vouchers are also marked up by 8%, the Foodpanda cards were marked up 10%.
For CAD or EUR I couldn't find any cards with a markup. Glad you noticed, will look carefully in the future!
Assuming gold parity, think of how much fiat that keeps out of velocity... that's like a 10x from here.
Could literally mean the difference between the death of the dollar hyper-inflation and just run of the mill regular inflation.
Few.
The website, was not aware there is an app as well, and could not imagine they will price-discriminate between these platforms.
Are you using the Bitrefill app or website? I've heard that there can be a large premium when you use Bitrefill in other apps like Strike.
thx, I set up a blink adress
these transaction limits look like a ticking time bomb too 😂
this api key thing looks interesting too. I will try to set it up :)
Hey @theariard Im not sure what you mean. This was just me being overly-communicative on the independence of the engineers we sponsor at Brink.
It is a coherent idea, I agree with you that most people do not use it to learn but to do things for them.
I am still quite ignorant about the IA tools. But what you describe is fantastic. The only thing that would agree is that the tutor the chat-gpt spy. I don't want Sam to win money with my data in exchange for letting me use your toy.