Hi Jack, question…you recently mentioned how you avoid holding fiat by using credit and paying it off with Bitcoin. It makes total sense to borrow a weak currency and pay the bill later with a stronger currency. It’s a brilliant hybrid step towards a Bitcoin standard. Currently, where I live, I can’t use Bitrefill to pay for my credit card anymore. This got me wondering. It would be so valuable if nostr:npub1cashappn03s3cl2ljsdntv0v28e2um5lgx4vjctqjt23pcwzjhsqmtdg5l or nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 could offer credit cards that accept Bitcoin payments by default. Even better, what about offering a prepaid credit card? For instance, the credit limit would be up to the amount of Bitcoin we deposit as collateral. No more credit score nonsense. Am I missing something?
Discussion
In the U.S. you also can’t do that. Bitrefill used to have it but they shut down. So, I assume Jack sells into fiat or they are working on their own product
Yes! There is no convenient way to pay a credit card bill without having an account with a legacy bank. It’s frustrating, but also a huge opportunity.