Raphael has said that the new cards are normal debit cards and not prepaid cards. Does this mean that when you use your card the payment is debited directly from your bitcoin funds using a live trading price at the time of the transaction? Or will we still have to load them card from our bitcoin deposits prior to using it? The question is, will the WirexApp do the conversion from bitcoin to cash automatically?
Thanks.
What countries will the Wirex card be available in and what countries will we be able to use it in ?
Is it going to be linked to the VISA or Mastercard worldwide network ?
Some great questions here; the question I would personally be looking to ask; is if Wirex plans on adding any other Native currencies to the payment card options?
I think an ICO without a real token use case would be irresponsible anyway. Although, I do see a case for decentralised autonomous organisations raising funds via an ICO if they proceed with a staking token model similar to that of OmiseGO. The token then has utility as a means of raising funds and subsequently returning dividends without pretending to be a currency in itself.
So what I would like to know is if Wirex plans on become a decentralised autonomous organisation in the future?
This space is about creating efficiencies by removing intermediaries but I understand that Wirex is facilitating the adoption of bitcoin and cryptocurrencies in the short/medium term. I’m also imagining a future where Government’s create their own fiat cryptocurrencies, making ATM’s, cash and plastic credit/debit cards redundant.
Basically, if Wirex does not intend to become a DAO once mass adoption is reached, what will Wirex’s business model be?
We conducted the interview and we have some great answers from the Founder himself!
We’ll keep you posted on when we will be publishing it soon; pretty much all the questions here were answered, and we got even more insight into the deeper workings of Wirex too!
We’re planning to do another interview on the third of April 2018; if your question didn’t get answered we will probably ask it then; also, THIS IS ANOTHER OPPORTUNITY FOR YOU TO ASK THE FOUNDER OF WIREX MORE QUESTIONS!