In other news, I live in Pakistan, and I used a debit card to buy a steam game 3 days ago and it worked instantly + frictionlessly, without having to worry about confirmation times + exchange rates + getting scammed + getting on a government list.
Steam/bitpay don't wait for transaction for put money into your steam wallet. Also, no exchange rates are involved in any meaningful way. This offer is for people who can handle few percent exposure on their 100USD "investment" into BTC.
A lot of people don't have debit cards. A lot of kids can't own debit cards legally. For them Bitcoin might be the only option.
> Steam/bitpay don't wait for transaction for put money into your steam wallet
The guy who made the reddit announcement had to wait 1day+ because his txn didn't get the 6 confirmations. Compared to that, my visa txn took approximately.. 10 seconds? While I was in Lahore, Pakistan.
> No exchange rates are involved in any meaningful way.
That's a dishonest statement to make.
> A lot of people don't have debit cards.
That's what you think. Its trivial for anyone who wants to get one (and doesn't have a criminal background) to get one.
If you mean people who don't know how to open a bank account, they're even less likely to know how private / public key encryption works and use bitcoin.
