RE: From Centralized To Centralized To Freedom
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I have been wanting to pick up one of those credit cards that are tied to your crypto funds, but the truth is my bag is just so small that I don't really see the point. The other issue is I have a feeling they are still probably controlled by the same banks that manage all of the other cards. I feel like I would just be trading one intermediary for another.
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It appears that way. We will see how things develop over time.
I am sure we will end up seeing applications that do not even require the plastic.
It is all changing and the next few years will really be amazing in this field. So much going on from different areas.
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I think it is cool that Paypal has integrated some of this. I think it would be cool for places like Gpay and Apple pay to also implement it. Plus with services like Venmo people are getting more and more comfortable sending funds electronically from their phone.
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I've been very happy with my crypto.com credit card.
It is based in Singapore and Malta so to the extent it is beholden to banks at all they are very different ones from the Israeli & Australian banks I normally deal with.
This itself provides resiliance from diversity. I can top it up from fiat and crypto sources easily.
I was looking at that one, but the amount of CRO I had to stake to get the more beneficial ones was too high. So really they are more like a debit card that can be used as credit right? If they are pulling from an account of funds that you actually hold where credit cards are more of a loan.
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Yes, you have to stake CRO but it earns good interest (up to 12%). There is no annual fee.
To me staking and earning good interest is much better than paying an annual fee.
Its a debit card. You need to top it up but this means you can keep your fiat (stablecoin) and crypto earning good interest right up until when you need it.
Unlike a regular bank account where you earn no interest, pay fees and get useless crap rewards for credit card spend.
Great points! I have a little bit of CRO staked, but I am still waiting to pull the trigger on this. Maybe after I fatten up my bags a little bit!
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