in

Mastercard is bringing Bitcoin to Australia: a crypto-linked card is in the works.

Mastercard is bringing Bitcoin to Australia: a crypto-linked card is in the works.



View Reddit by Chabz27View Source

Leave a Reply

Your email address will not be published.

GIPHY App Key not set. Please check settings

5 Comments

  1. Imagine using a bitcoin card in Australia as an Australian and needing to record every single transaction as a CGT event for your accountant. Fuck that. Any country that taxes bitcoin payments as capital gains is a failed society doomed to be left behind in this monetary revolution.

  2. Crypto debit cards are ok and we have a bunch of them, but what we need is a credit card that takes a loan against a crypto collateral, kinda like a Compound or Maker vault, with the 30 day period to pay your monthly statement, after that you start paying interest. It would let people save their crypto instead of spending it, and for people in countries with high inflation, even saving in stablecoin is an advantage for them, not to mention access to credit for people that might not be able to qualify. It would also let people loan their stablecoin at a rate closer to credit card interest.

What do you think?

Bitcoin for Remittances Growing Rapidly

Is This Australian Scientist The Inventor Of Bitcoin?