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2Fiat — Refillable Apple and Google Pay MasterCard (No-KYC?)2fiat.com/
1208 sats \ 7 comments \ @BlokchainB 7 Sep bitcoin
Matt Odell posted this to nostr last night:
Mastercard Wave with Apple Pay & Google Pay Support
Our virtual prepaid Mastercard is fully compatible with Apple Pay and Google Pay allowing you to make both online and offline payments with ease. No KYC, no phone number, no email required — cards are issued instantly with minimal input. All cards come with 3D Secure (3DS) enabled for safe and verified transactions. A working email address is required for ApplePay activation. You can use any email address, including temporary. With starting balance of $20, cards can be topped up as needed.

Pricing:

  • Card issuance fee: $50, includes starting balance of $20
  • Per transaction authorization (success, reversal, or decline): $0.80
  • Apple Pay, Google Pay usage: additional 0.8% of the transaction amount
  • Top-up fee: 6%
I think this card is awful. Over time this card will eat you alive in fees. The bitcoin company sells prepaid Visa cards (not reloadable) that give you sats back. Thus the more you need in fiat the more you earn back in sats.
For those who live on zero fiat I can see this card may have some use in your tool kit but I would avoid of trying to rely on this card to meet all of your fiat bills.
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361 sats \ 1 reply \ @Jon_Hodl 7 Sep
If you’re using Google pay or Apple Pay, you are absolutely not anonymous and you might as well be fully KYC’d.
For that reason, I think services like these are actually a lot more dangerous because they give a false sense of security and privacy.
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0 sats \ 0 replies \ @DarthCoin 14h
Exactly. Also is a tricky way to ho back to fiat instead of trying to build a bitcoin circular economy.
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42 sats \ 1 reply \ @028559d218 7 Sep
What's the point of buying a 'fiat debt card' with Bitcoin... and then essentially using a fiat debit card?
The merchant isn't accepting the Bitcoin, they're taking fiat. The idea is to use Bitcoin directly in a way that touches the network where the merchant at least temporarily has the Bitcoin and/or Lightning.
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21 sats \ 0 replies \ @Jon_Hodl 7 Sep
Totally agree. If you’re gonna sell bitcoin, it’s best to sell for cash with other Bitcoiners with good values who are working to build Bitcoin and grow a healthy ecosystem.
You get to offload without loss of privacy to a KYC off-ramp and they get to stack some of the most private sats possible.
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78 sats \ 0 replies \ @SwapMarket 7 Sep
It is only a matter of time when any non-KYC card stops working due to regulatory crackdown. Been there with Kazepay's HK Visa. Fortunately, the balance was refunded after two months. Plan accordingly and never keep large balances.
On the other hand, "soft-KYC" Kazepay physical card still works great, with 2% top-up fee. Issuance costed $50 + $40 for UPS postage. "Soft KYC" means they did not verify my address (delivery country was different). Here is an invite link if you want to try.
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0 sats \ 0 replies \ @DarthCoin 11h
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0 sats \ 0 replies \ @DarthCoin 14h
So now Odell is s fiat maxi? LOL you muricans can't deparate from fucking visa / mastercards and your lovdly dollers. You never understand that for each time ypu go back using fiat is thst you make it stronger. YNGMI
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