A bitcoin powered card for AUD transactions is your signature away...
Hi again #teamaustralia. After the feedback from my post last night (thanks @stocka), I've launched a petition to encourage www.wirexapp.com to introduce an Australian dollar denominated bitcoin card.
Here's the spiel:
There’s precious little in terms of choice when it comes to “debanking” options for Australians. For those unaware of the term, debanking refers to an individual’s ability to remove themselves as clients of the banking system and all the restrictions that it entails.
For now, the majority of Australians are tied to a system of employment whereby currency is earned, taxed and deposited into a bank account but there are options regarding what those funds can then be used for.
Wirex is a company that offers a card akin to a normal bank card with the important difference being that it is able to be funded via bitcoin. This is an important feature as it provides the ability to free ourselves from bank issued cards when transacting.
Unfortunately, Wirex currently only provides support for USD, GBP and EUR accounts which means that transactions made on these cards in any other currency attract a 3% currency conversion fee. This is a cost prohibitive issue.
This petition is to illustrate to Wirex the level of demand for Australian Dollar support in the hope that they will introduce a card denominated in AUD. This would provide a significant improvement in transaction freedom by allowing Australians to convert their earnings into bitcoin and then essentially use that to spend with a card.