No, I also don't use an iPhone so this is not an option for me. I'm also concerned that the IRS will want users to calculate capital gains on every single purchase, which makes this a lot more hassle than it should be to use. I'd rather not go to prison for trying to use currency as currency, but the IRS doesn't care.
I skimmed through the legal terms listed on [spedn.io](https://spedn.io) and it sounds like they require name, address, etc. Regardless of how payment is actually settled it appears to function just like a credit card where they know who you are and they track your purchases. It does not function as digital cash. Thus my excitement over the app is thoroughly extinguished.
Bitpay requires pre-selling of the crypto, "loading" the card. The SHIFT card from Coinbase did real-time conversions, but they closed SHIFT last month and haven't replaced it. I'm gonna use this app, it's the next best thing to the SHIFT card I've seen.
pros and cons/trade-offs i guess. Bitpay works pretty much everywhere, this app will only work at participating large corporate chains. some people are happy to lock into a USD value which is why the Gemini dollar option is good. in the end having more options to use crypto is better than less. seems like we're still pretty far off from wide retail adoption of pure crypto transactions.
Yeah, I guess I'll see how useful this app is when they fully release it next week. I suppose not being a visa card will be pretty limiting. I do have the Bitpay card, maybe I'll use it more to get a better fell for it.
A similar thing is doing Elipay in my country. There are already more than 400 locations (in a country of 2M population, mind you) that accept crypto payments with their POS and wallet solution. https://elipay.com/locations. Not perfect, it's custodial and off-chain, but it's a start.
Yes I heard you have to install their app and then send money to it. As a traveler is it easy to use or do they require some lengthy kyc bullshit? I just want to be able to use Bitcoin cash when I'm on vacation there.
You can start without KYC, but I'm sure that there is some spending limit after which you have to do the ID verification.
I tried, just to see what are their requirements: Name, address, ID card/passport data (SN, issue date, date valid), photo of that ID card, selfie of you holding that card. Enough for your taste? It was for me.