Nope. I would certainly never do it. Though a lot of people in many Asian countries love to gamble. Perhaps this fits their nitch?! Or perhaps if you can't get fiat into an exchange but you can pay off the credit card with it, this gets these people in the game.
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True, in some countries all people get is a prepaid credit card. Put money on the card, then pay with the card.
Yep, very good point.
Makes much more sense. Hopefully that's what people use it for haha !
I remember reading stories about people mortgaging their house to buy crypto - do people actually do that! True, paying off credit cards with crypto is an interesting use case.
I don't think it happened very much at all. There may have been one and then everyone ran with it...