The down side to Bitwala is nobody in the US can use it currently. I did an article on being unbanked in the US and how I tried using crypto as a solution. Once I got a Shift card from Coinbase, everything changed.
I am really looking for other crypto prepaid debit cards to become available in the US. Glad Steemit, Inc has been working on this because it's a game changer.
US sucks 😂 Always a buzz kill
It's coming. Guaranteed someone is working on it right now... :>)
I would imagine you are correct. The real issue is around money transmitter licenses at the Federal level, State level and the new Bit Licenses at the more regional level. I remember reading once t would cost $25 million in regulatory fees and compliance costs just to get those licenses.
Personally, I don't think an ecosystem of about 200,000 is large or a mature enough market to support a credit card yet. Just need deep pockets to carry the company until such time.
Oh That makes sense.
You have the choice between virtual card and plastic card.
Virtual card is free Plastic cost 8 €SpectroCoin accepted also Steem here https://goo.gl/MVDC9q
Tutorial here
https://steemit.com/deutsch/@achim86/get-a-free-virtual-bitcoin-debit-card https://steemit.com/howto/@achim86/how-to-deposit-steem-on-spectrocoin
I looked into them as well during my unbanking experiment and they are also not available to people in the US.
Coinbase has a card?? a Shift Card??
@topnetworkeral Shift payments integrates a prepaid debit card with your Coinbase account, which allows you to settle USD purchases with Bitcoin anywhere VISA is accepted. It also allows you to withdraw up to $200 USD per day from ATMs pretty much anywhere in the world from your Bitcoin wallet at Coinbase. I have to admit it's pretty awesome.
https://www.shiftpayments.com/card
I did write all about the other debit cards available and my whole experience living unbanked and using crypto as a banking solution on my blog, which you can check out (Living la Vida Unbanked).
I would advise anyone in the cryptosphere to have a prepaid debit card of some kind.
Living La Vida Unbanked!
player that's hard af ........... love it. and thank you for the more detailed response; That shiftcard does sound interesting indeed. gonna check out that site for the card and where do I find your La Vida blog?
Deeper Dives: Living la Vida Unbanked in the World of Digital Currencies It's in there.@topnetworkeral