491
this post was submitted on 22 Aug 2024
491 points (97.5% liked)
Technology
59402 readers
2904 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
By "convenient" I meant in comparison with getting a foreign card for me, which involves bureaucracy and (by my measure) incredibly expensive travel. As for "picking a coin" - that is not really an issue, since swaps between currencies can be done instantly and very easily. And there are only a few major coins that are commonly accepted anyway (BTC, LTC, XMR and maybe ETH).
For people needing anonymity, giving up consumer protection may be an acceptable tradeoff. Same as with cash.
Pre-paid cards make sense because said cards may be unavailable where the customer resides, and either they can't (like me) or don't want to use a KYC method to buy them.
As for difficulty for the merchant - yeah, I agree it is a significant downside.
P.S. Fees are indeed a problem in Bitcoin at least, but Monero's are barely noticeable.