When strike puts out a credit card I'm cancelling everything else
Discussion
what features would you need on a credit card? i still can’t tell if it’s worth building
It would be nice to have a credit score be useful with a bitcoin company. Say a credit line that is based on trad credit score and a btc balance with btc back.
Equivalent “cash back” rate to your basic AMEX card, but in BTC. Paying the card balance directly from BTC.
what’s wrong with your AMEX? why do you need us to build a card?
You’re right I don’t need it. My AMEX works fine.
The only advantage for me personally would be not needing to convert BTC to/from USDCoin
And I don’t even bother selling BTC to pay my CC bill. But if I could pay the CC directly from BTC, I would hold a lot less USD month to month.
Id also add Think long term - I can buy, sell, loan against and spend btc p2p if you want a customer to trade their bank for strike offer a card in your ecosystem which would be done the strike way. That's the checking account and every bitcoiners savings account is and should be cold storage.
Thanks for polling NOSTR 🍻🔥
3% sats back. May be too steep an ask though. Anything less than that, just a normal cash back credit card is likely better
Yes
yeah those don’t make any money and i don’t know why we would be better at giving you cash back than AMEX.
i know it sounds good but i wonder if there is any substance to why we’d be better for Bitcoiners. buying bitcoin, getting a loan, yield on cash, etc makes sense
Then do a debet card and let me spend fiat or my SATs at normal vendors - I don't use credit cards anymore as miles and lounges are worthless to me especially if I could earn even a small amount of SATs back. That's how you compete with AMX give the reward in SATs which for Bitcoiners is better then anything credit card companies can offer... 1% in SATs or 3% in fiat? Id rather have the SATs
I literally just want a card that let's me use my BTC balance with normie vendors
I'd take a debit card
Same for me.
Im the same - I use fold for the ability to spend fiat and stack SATs
If strike made a credit card that could give me even a small reward in SATs and allow me to post btc as credit or just pay my statement in btc I'd drop fold and be a strike only customer
I don't use a traditional bank anymore strike and fold are my only "banks" and they are much better
F jpmorgan / chase - was my last account and closed it after they debanked u đź‘Ś
we need a card so we can ditch our legacy bank cards! we need to pay daily stuff with it
It's not.
I'd prefer just a card (debit/secured credit) that I could use to tap the upcoming secured Line Of Credit product. Just like paying a yearly insurance or tax bill, then switch my other direct deposit over from Fold and drop them, and repay with weekly paycheck