Crypto credit cards a real thing?

[Grant]

I know there are crypto debit cards, but are there any crypto credit cards? Ones that work only in crypto and require payment just like any credit card? I wonder if it's even possible, since if it worked like a credit card, it'd work on credit, and with crypto's worth dropping and rising, what would that then mean for someone who owes on their credit card? Will they owe that amount? Or will they owe what the original price was? There's a lot I think that could go wrong, so I don't think a crypto credit card would work.

 

[Ja Sa Bong]

Cryptocurrency credit card won't be possible. It will get abused and the user will decide not to pay. Cryptocurrency doesn't work like banks which will have a way to make you pay up your used credit card. It's why only debit cryptocurrency card can work. You use only what you have.

 

[Heatman]

I don't even like making use of bank credit cards, so I don't see myself going for cryptocurrency credit cards either.

Crypto.com have their own card now but I'm not sure if it's a credit card or debit card. I'm not using their services yet but it's definitely worth looking into.

 

[Ja Sa Bong]

I don't even like making use of bank credit cards, so I don't see myself going for cryptocurrency credit cards either.

Crypto.com have their own card now but I'm not sure if it's a credit card or debit card. I'm not using their services yet but it's definitely worth looking into.

I watched a YouTube video on Bizdustry channel where Alex presented the Crypto.com card. It was my first time of seeing a cryptocurrency card. There were so many benefits you can enjoy making use of the Crypto.com card. I was so tempted to go for it.

 

[Nomad]

You can get crypto loans from multiple platforms. Your own crypto assets would be used as collateral for the crypto loan. I think a crypto credit card can work on the same line. First of all, the company would ask you to deposit crypto and then provide credit facilities by using your assets as security. I can see something like this happening in the future

 

[Heatman]

If you have cryptocurrency to deposit, why would you need to be interested in looking for a cryptocurrency credit card? There's no need to ask for cryptocurrency credit card when you have the cryptocurrency to use already. I will use my cryptocurrency directly and not look for cards.

 

[Nomad]

I don't even like making use of bank credit cards, so I don't see myself going for cryptocurrency credit cards either.

Crypto.com have their own card now but I'm not sure if it's a credit card or debit card. I'm not using their services yet but it's definitely worth looking into.

Crypto.com is not available in my location so I have never used it. Crypto.com provides you a card that you can fund with your crypto assets and use like a normal card. However, this is not a credit card. Since crypto companies are virtual companies, I do not think there will be a company that offers crypto credit card.

 

[Heatman]

Crypto.com is not available in my location so I have never used it. Crypto.com provides you a card that you can fund with your crypto assets and use like a normal card. However, this is not a credit card. Since crypto companies are virtual companies, I do not think there will be a company that offers crypto credit card.

It is going to be very difficult for them to get their uses to pay back what they have spent using a crypto credit card. It is not like the banking system where there is always a way for the banks to get you to repay whatever you have spent on your credit card.

 

[Nomad]

That's true. When you use debit cards you use your own money,however, when you use a credit card you use bank's money which you have to pay back after certain time. Crypto companies are virtual companies and they will have difficulty in making the user payback. Therefore, I don't see credit cards coming to crypto.