“Binance’s debit card process makes it a more of a centralized bank-like institution than the decentralized tech dreamed by Bitcoin’s creator.”

>"Binance’s debit card process makes it a more of a centralized bank-like institution than the decentralized tech dreamed by Bitcoin’s creator."

Binance’s debit card process makes it a more of a centralized bank-like institution than the decentralized tech dreamed by Bitcoin’s creator.

Interesting read.. Satoshi's vision was a decentralised system.. Why the debit cards? Not necessary for sure. Defi projects are the next big thing, probably why he's investing so much in them at the moment. At the same time, he needs to delist and stop some already planned actions as to align with what Satoshi's vision is

According to the company’s marketing, the card can then be used to purchase goods or services from merchants that accept Visa, giving the impression that the consumer is paying the merchant with cryptocurrency. Upon deeper analysis, it’s clear the account holders are not really buying anything with cryptocurrency nor are they making the purchase on the blockchain. This payment method only makes it appear as though the consumer is paying using cryptocurrency. In actuality, the charge is to the customer’s fiat account.

Many payment companies and exchanges already claim to offer services that enable crypto users to buy goods and services with cryptocurrency. Upon further analysis, however — like with Binance’s new debit card offer — it’s clear their crypto payment solutions don’t deliver on the blockchain, adding more intermediaries and opening users to the same harm that could befall them digitally using traditional payment methods. 

Maybe satoshi dont want a bitcoin debit card😂😂😂

The premise is true, but i still think this sort of crypto/fiat bridge will bring in wider adoption from mainstream

Op >"Binance’s debit card process makes it a more of a centralized bank-like institution than the decentralized tech dreamed by Bitcoin’s creator."

To achieve our mission of making crypto more accessible to the masses, off-ramps are a key component as well. By giving users the ability to convert and spend crypto directly, and have merchants still seamlessly accept fiat, this will make the crypto experience much better for everyone.”

Bainece good wlete

These may seem like negligible details, but to a cryptocurrency owner, it can make a world of difference. The entire reason for which users get into crypto revolves around control of the currency and the multitude of benefits of running transactions on a blockchain for both the consumer and merchant. For exchanges and crypto payment providers, the key is to stick to the crypto and blockchain way, rather than creating an illusion. This is true to Satoshi’s vision.

>"Binance’s debit card process makes it a more of a centralized bank-like institution than the decentralized tech dreamed by Bitcoin’s creator."

Yes

great

Hy

Nice

Hey