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RE: [n00btorial] How to buy anything with Steem or SBD online. In 7 simple steps.
Am I correct in stating that this is basically a way to load steem/steem dollars onto an exchange and sell them for bitcoin and exchange them for fiat onto a debit card?
Do you still have to transfer your sbd/steem each time manually or can you auto request them to be transferred through the exchanges and made fiat?
Hopefully this can be transferred to a mobile app and allow users to pay like apple pay and remove the need to have a physical card.
Hopefully someone can create a decentralized system so that no transaction fees will be needed to be paid by small businesses that accept credit cards. You could then use a card to buy a pack of gum at a gas (petrol haha) station without needing to hit a $5 limit to use the card.
I love the way you write. It's very easy to follow, but I am unable to see the pictures right now.
yes some how the 2 gifs are suddenly broken through Steemit's cache... I notified and put the direct link to the two GIFS next to them...
Check out http://Plutus.it initiative...
The currency flow here is:
Steemit.com (steem/sbd) -> blocktrades (BTC)-> E-coin Balance -> E-coin card -> (web)shop
Yes you have to maually top it up.