Fraudsters are switching from credit cards to Bitcoin, says consumer protection company
This post was originally published on this siteThis post was originally published on this site Fraudsters are taking advantage of the irreversible nature of crypto transactions, says MyChargeBack’s vice president of global operations, Michael Cohen. When Bitcoin (BTC) was first envisioned, one of its selling points was the fact that it was offering better protection to retailers than credit cards. In one […]
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Are there services I can embed on my website which allows users to pay with their credit card, then I receive that payment in bitcoin (without them having to have a wallet/any bitcoin themselves) (x-post from /r/Bitcoin)
IDEA: Paypal.me, but for Bitcoin Cash (BCH). Sender uses their credit card, and receiver gets BCH. This way, if a youtuber is banned from paypal & patreon, they can still receive credit card donations from normies who don't want to touch crypto.
Youtubers sometimes list a custom paypal.me link (example), which makes it easy for fans to donate to the youtuber. I do know that Bitcoin.com allows people to buy BCH with credit cards. IDEA: Allow vloggers & bloggers to create custom payment links (like bitcoin.me/markdice), so their normie non-crypto fans can use their credit cards to make USD donations, and BCH is sent to the vloggeblogger's BCH address. This would be especially useful for vloggers/bloggers who have been banned from Paypal & Patreon, and are down to accepting cryptocurrency donations. A custom payment link would allow them to accept credit card donations from their non-crypto fans, while receiving BCH.
06-12 11:34 - 'Me Seeing The Dip, Me Trying to Buy in The Dip, Me realizing my banks and credit cards all reject crypto transactions' (i.imgur.com) by /u/thatiswhathappened removed from /r/Bitcoin within 4-14min
How to make Bitcoin's adaption into payments processing quicker! - A lesson from Credit Cards
Most people are motivated by money. Even if they have lots of it. Even though, Bitcoin being the premier speculative asset brings in late adapters to Bitcoin, they are not there for Bitcoins ultimate purpose which, is to destabilise BS. (a.k.a. Gov and Fed) So with that in mind and to play to the animal instincts of consumers who are motivated by money for the largest part, I suggest we take a lesson from banks and how they coxed us to use credit cards. That is, by way to credit card offers. Credit card issuers spend some of their income from merchant fees on offers to consumer. Which is akin to spending some of the mining income on offers to Bitcoin users. But it is not as if miners are footing the bill for all this and much like with credit cards, increased adaption will benefit them more than anything. What do you think and how could such a thing where a Bitcoin user gets paid to buy using Bitcoin can be introduced?
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