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RE: Will cryptocurrencies replace credit cards and debit cards?
I think as long as credit cards remain the safest option for the user then they aren't going anywhere. They aren't safest because fraud can't be committed, they are safest because you are not liable. On the other hand, if you lose your crypto for whatever reason, it's gone. At least as things stand now.
That is a good point, @darth-azrael. However, not in all countries a card holder is free of liability for credit card frauds. Additionally, in the future, there is nothing to prevent the crypto card companies to copy the credit card companies' business model and compete with them.
I don't think it is practical for crypto to copy the credit card business model. Credit card companies are able to investigate and verify fraudulent activity (and often detect it before you do and sometimes prevent it) because all purchases are tracked so closely. Also, credit card companies are able to shield you from lability because they can afford to. There are fees to vendors for using the cards (plus interest to the user if they aren't just using debit and not paying everything back at the end of the month). For crypto to copy this model would negate the advantages of crypto.
Very valid points. Didn't think about them. Thanks for sharing your thoughts.