Cash your Steem$ at any ATM in your currency !
Connect Virtual to the Real world!
I’m proud to introduce Steemdebitcard.com the first and official Steem Debit Card!
Get ready to spend STEEM anywhere!
A lot of steemers want to connect their STEEM to the real world. Using STEEM currency to load on a wallet linked to a card, you’ll be allowed to Withdraw money from your Debit card at ATMs or purchase goods and services direction in STEEM, all in real-time, with no delays.
http://www.steemdebitcard.com (Website v0.01)
How It Works
STEEM Debit Card is a Visa card that you can use for your purchases in stores, online and to withdraw cash at ATMs, all of this directly in STEEM. The card is accepted in billions of stores and ATMs around the world.
Like the Xapo Card, our Steem Debit Card works just like any other debit card, but instead of drawing funds from your bank account, it debits purchases directly in Steem from your Steamdebitcard.com primary wallet in real-time.
STEEM Debit Cards are offered in three different spending currencies: USD, EUR, and GBP. You must select this base currency when you order your card, although all transactions are always debited in STEEM. You will be able to order one card per account. The STEEM Debit Card will be valid for three years.
You buy something with the STEEM Debit Card. Cost 20$. The card will deduct 20$ converted into STEEM at the current market price via an API connected with defined exchanges or market.
The STEEM amount will be deducted from your primary wallet original balance. Simple as that!
Why not use the existant Bitcoin card instead of creating a this STEEM Card?
Today if you want to Cash out Steem you have to go to an alt currency exchange and convert your STEEM to bitcoin, then go to a bitcoin exchange like Coinbase to convert your bitcoin into dollars/euro that can be moved to your bank account. You can also use those Bitcoin debit card and other services, but it still makes you Bitcoin-dependent!
Bitcoin conversion has fees and quite slow transactions; STEEM has fast transactions and no fee! This is why we need the STEEM Debit Card.
What’s the project status? Can I order my card?
The project is only in Alpha! We are building a solid team to work on this project and look to create a long-term service based on STEEM as blockchain and currency. If you are interested in joining and feeling like you can contribute. Please contact me at [email protected]
For now, a business plan is done, and we are validating a robust business model based on Xapo Card. I have contacted their card issuer which is “My Choice company”.
- (3) Team members (Expert NodeJS developer blockchain and STEEM experts, Web Designer, Project Manager, Business Consultant)
- Very good knowledge of STEEM blockchain and API/Websocket
- Domain name SteemDebitCard.com
- Demo Website (landing page) -
- A business model based on other existing cards
- Some money invested
- A Web application and mobile app in dev process
Could look for
- More team members (Advice, IT, Banking, etc.)
- Cryptocurrencies, blockchain, STEEM, banking payment experts
- Any resources we can need
- Upvotes! Help us start the project as quick as possible
About time frame, we plan to start offering the STEEM Debit Card services by the end of this summer. In September 2016.
All our prices will be based on the real fees paid to the card issue. Our team is negotiating with “My Choice company” right now for the best prices based on a starting investment and amount of cards to release. So the more upvotes we get here, the more chances we will have to negotiate and get lower rates!
Is My Choice company a trustworthy and reliable partner?
They work with several outstanding services that you may recognize like Xapo or Wirex. So yes the business model based on My Choice company can be reliable for STEEM Debit Card.
Sounds great! What about fees?
There is a one-time card order fee that is charged to your SteemDebitCard.com wallet in Steem when you submit the card order.
Xapo.com is free the first year then they charge an Annual fee of 12$ because they have a Vault service wallet that allows you to do Savings in different wallets with an excellent interest rate and give some other services. SteemDebitCard.com will be first year free but we plan to add some similar services depending on the community needs, so feel free to comment about this option.
These fees are based on a Xapo and My Choice prices. So Xapo base their model on My Choice and they make a profit on it with the Annual fee and some other commission. We will need to do as well to handle the app and project costs but with less profit.
We are discussing on applying a tiny fee each transaction this cost/profit would then be re-distributed amongst the token holders using a specific algorithm.
Steem Debit Card will be cheaper than any Bitcoin Debit Card and more benefit for its users for this reason.
We will start the procedure in August.
So Upvote if you want one !
Any question feel free to ask.