I would like to use it as a credit card that allows you to make payments over time rather than a debt card. Maybe its possible to create one and a small fee be taken as a reward to the Litecoin foundation and improve rewards given over time for consistent, high use customers?
I have a card like that. It is the Gemini credit card. I use it as a credit card, not debit. I can make payments or pay it off (in dollars). It is a MasterCard.
It is currently paying me 10% rewards on gas or diesel. The rewards are payed in the crypto of my choice, currently using PAXG, Pax Gold token. It will pay out 2% to 4% on most purchases in whatever crypto you prefer. They started issuing the cards to exchange account holders at Gemini less than a year ago. By the way, credit is money created out of thin air, not what crypto is intended for. Litecoin is about honest money, not credit.
Thanks for the response, yes litecoin its self is not for credit but if the litecoin foundation could fund itself through the creation of one of these I think it would help greatly. The debit card will still always be an option but creating a credit card would not effect the litecoin block chain at all from the stand point that the transaction once conducted is irreversible which is when you send your lite coins.
That debit card exists? Any link to see if available?
Great just at verification I get a
429 Too Many Requests something like a geoblock event. With VPN it worked. Lets see if I’m elegible.