<p>This type of product has been tossed around since at least May 2011 when MagicalTux was the new owner of Mt. Gox.  They no longer discuss it.</p>

<p>BitInstant "leaked" such a Mastercard in Fall 2012.  They claim it is "seeing progress" but there's nothing yet.</p>

<p>There are similar cards.  Peter Schiff's Euro Pacific Bank offers a <a href="http://europacbank.com/our-products/metals-backed-account/" rel="nofollow">gold-backed debit card</a> where gold funds are sold when using the debit card to make purchases using fiat.  But that is not available to customers from the U.S.</p>

CC BY-SA 3.0
2013-03-11T13:48:24.383Z
Thanks guys. I agree that a debit card is more likely, but what I'm really interested in finding out is how the process behind the transaction would work. I mean, would it be similar to the Euro Pacific Bank Card, if so how can we maintain the decentralised nature of Bitcoin?
TomRoskilly
CC BY-SA 3.0
2013-03-11T12:09:56.137Z
2013-03-11T12:09:56.137Z
Stephen Gornick
<p>A week ago Kim Dotcom posted that a Bitcoin Credit Card would be something that he would be keen to support. Apart from Bitcurex, which is a different system and slightly lacking in credability and trustworthiness, I'm interested in a card which works like a credit card but is intrinsically integrated with the BTC system.<br />
Due to the nature of Bitcoin, would a credit card-esque form of payment actually be viable?
<br />&nbsp;If so, how?</p>

CC BY-SA 3.0
2013-03-11T11:59:39.027Z
A debit card is quite obviously not a problem.

A credit card's only difference is that there is someone willing to trust you for an amount of money.
o0'.
<bitcoin-credit-card>
Is Kim Dotcom's "Megacard" a viable possibility for bitcoin?
TomRoskilly
# Is Kim Dotcom's "Megacard" a viable possibility for bitcoin?

(Asked by: username_0 on 2013-03-11)

A week ago Kim Dotcom posted that a Bitcoin Credit Card would be something that he would be keen to support. Apart from Bitcurex, which is a different system and slightly lacking in credability and trustworthiness, I'm interested in a card which works like a credit card but is intrinsically integrated with the BTC system.  
Due to the nature of Bitcoin, would a credit card-esque form of payment actually be viable?
  
 If so, how?

**Tags:** bitcoin-credit-card

> **Comments:**
> **username_1**: A debit card is quite obviously not a problem.  A credit card's only difference is that there is someone willing to trust you for an amount of money.  

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## 1 answers

### Answer by username_2 on 2013-03-11. Score: 2

This type of product has been tossed around since at least May 2011 when MagicalTux was the new owner of Mt. Gox. They no longer discuss it.

BitInstant "leaked" such a Mastercard in Fall 2012. They claim it is "seeing progress" but there's nothing yet.

There are similar cards. Peter Schiff's Euro Pacific Bank offers a [gold-backed debit card](http://europacbank.com/our-products/metals-backed-account/) where gold funds are sold when using the debit card to make purchases using fiat. But that is not available to customers from the U.S.

> **Comments:**
> **username_0**: Thanks guys. I agree that a debit card is more likely, but what I'm really interested in finding out is how the process behind the transaction would work. I mean, would it be similar to the Euro Pacific Bank Card, if so how can we maintain the decentralised nature of Bitcoin?  

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