Visa’s smart. Crypto is where the money is. Instead of fighting it they need to hop on board.

@MikeCharles81

5 ай бұрын

That's because Visa is not the government

@josephspruill1212

5 ай бұрын

@@MikeCharles81visa teamed up with Coinbase years ago. I’ve had the card in my wallet for a few years now I know!

@Mystic-Seer

5 ай бұрын

They just want to control and track it, and us. 😔

@cheery-hex

5 ай бұрын

visa the company doesn't care about that. It's govmts and their puppet masters@@Mystic-Seer

@TheWizardofOdds-ut2bx

5 ай бұрын

They just want their piece of the pie. @@Mystic-Seer

and then they rip you off with 5% transaction fee....

@RiseAboveItAllnow100

4 ай бұрын

Yeah that’s a lot

@MrCODEmaster999

4 ай бұрын

That's pretty good when you need a reliable broker that won't mess around.

@TCNTadas

Ай бұрын

From atm, but what about usual payment in restaurant ?

@TCNTadas

Ай бұрын

What about fees converting crypto to fiat and withdraw to bank than cash out there ???

@EmpowerWave-ol2ol

8 күн бұрын

Who cares 🎉

The idea of using Bitcoin is to avoid the traditional fiat infrastructure altogether. Bolt Card is a card that when tapped on a compatible NFC reader, sends a transaction over the Lightning Network directly to the merchant. No fiat rails nor KYC needed.

@christbenson6004

4 ай бұрын

Hi,greetings to you,how are you doing today?

@DJ-Illuminate

2 ай бұрын

Thanks. Good to know.

KYC is a main problem.

@jameskay428

5 ай бұрын

Is definitely centralised.

@user-dy2qq5wh4b

5 ай бұрын

ultimo and metagensis dont report.

@quantumenergy3334

5 ай бұрын

Not sure if it would help but I just came across Palau creating a Digital Residency physical and digital ID specifically for blockchain people are using for KYC. (Not a true residency) It’s on Palaus government website and they did a press conference about it.

@quantumenergy3334

5 ай бұрын

Search KYC Palau.

@dangermouse8466

5 ай бұрын

@@user-dy2qq5wh4b Who runs metagenesis? Where are they based? I could not find any information on them and as such can't trust them. I don't even see how it all works. As for Ultimo, I did not find any information on that company. Do you have any links I can check? Thanks.

LOVED IT! Nice to hear someone talking truth. They're days are limited. They have to know it

Thanks for the video, James. This is the biggest announcement I have heard that can help bring crypto to the mainstream because, as it stands now, most people would have no idea, or interest, in going through the tiresome routine of what we have to do to convert crypto to fiat currencies, let alone the pain of having to buy crypto to begin with!

@MillieMaldonado704

5 ай бұрын

The greatest long-range investment profits are never obtained by investing in marginal companies. Investors desiring maximum gains over the years had best stay away from low profit-margin or marginal companies

@JeffAlvin-di1wz

5 ай бұрын

Hello i'm new to the market how can I get a trade section with your Dfm?

@JeffAlvin-di1wz

5 ай бұрын

Thanks for the recommendation I just contacted and she attends to me nicely❤

@basicforge

5 ай бұрын

Or the pain of paying taxes on it when you sell it. Makes VISA's idea a little less appealing.

@BF1GUN

5 ай бұрын

@@basicforge What do you mean? You’ll be liable for taxes regardless of how you sell.

Appreciate you keeping us UK boys up to date - keep doing what you’re doing.

Thanks for the update. Interesting, it's great to have more options - but I wonder what the fees will be ...

Until the US Congress is convinced to change the tax code this is not very feasible in the USA as you create a taxable event every time you buy something.

Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is result of hard work and hustle over time. I pray that anyone who reads this will be successful in life.

Did you look at the fees? They are excessive !!!! 100 ADA value $56.12 fees $4.22 that is 7.5%

@hillybangbilly0101

5 ай бұрын

usdt trc20 valued US$59 fees approx US$7

@mikescarborough9196

5 ай бұрын

ATM convenience, ATM fees.

@sharpy1785

4 ай бұрын

In the UK, it’s almost impossible to purchase crypto on Binance. I had to go down the p2p trading route, the fee was around 8% to purchase. You’re now looking at 16% fees for On/Off ramping, then 40-50% CG Tax on any gains. The system is now fully rigged.

@SHx589

4 ай бұрын

Worth it for now

Thanks for the video and I suppose its an alternative way. The fee is too high and i would prefer to go with the exchange p2p route.

Thank you for this valuable information. Liked an subscribed. 😃

About time, thx!

This is the first I come across your video and I love it. Weldone. Already subscribed

@jameskay428

4 ай бұрын

Thank you, really appreciate it!

Great news. I wonder whether the reverse would also be available, that is , the exchange of fiat for crypto.

Limits of $1500 per transaction | $14,000 daily | $28,000 monthly | $100,000 yearly ​ KYC required with address proof, ID document scan, and a selfie ​ Minimum is $30.00 equivalent per transaction ​ Transak processing fee: 3.5% for EUR & GBP, 5.5% for other currencies. What a Joke!!!! No wonder no one is talking about it!!

@almarshall1452

Ай бұрын

Basically you get all the hassles, take all the risks and wait until governments change laws so they can go after you when you sign up. You also invite third parties to either look into your finances or give them access to your private information that they can sell to others... hmmmm Not that positive if you ask me!

This would allow regulators to identify the owners of the wallets if they transact directly from the wallet. I would still prefer to transfer my cryptos to an exchange that provides a visa/mastercard debit cards.

@lynussss

5 ай бұрын

Exactly

@dropdroppie1653

4 ай бұрын

Wich exchange does that ?

@steveb7600

3 ай бұрын

if you are buying or selling on KYC then assume they know who you are and the government can audit that info at will assuming they don't already have direct access.

Thanks for the video man

P2p is much safer..and cheaper ,visa wil definitely charge huge fees..govt wil charge u tax ..p2p is safe.

Thanks for the update, nice to have some positive news regarding on/off ramps between Tradfi and Defi.

@christbenson6004

4 ай бұрын

Hi,greetings to you,how are you doing today?

The video is very informative, educative and liberating. Thank you so much for wonderful video.

Good to know as I have crypto holdings in my business, some of which I will hold (a la Microstrategy), and some I will sell in the future. I was able to on-ramp using Transak (from Lloyds Business Banking). So it's not been an issue for me. I'm based in the UK.

Thanks so much for this. An absolute game changer for us Brits (considering the amount of exchanges not allowing deposits).

@137dylan

5 ай бұрын

What's the catch tho? Massive fees/spread?

@HendrixTaylor24

5 ай бұрын

@@137dylan I had a play around and to get £300 of usdt on bsc into my MetaMask was £2.99. I didn’t go through with the transaction though.

@mydrone9606

5 ай бұрын

FCF soon to be rebranded ZYPTO have the same service, low fees as well.

@yv8190

5 ай бұрын

No KYC

@dd4778ryd

5 ай бұрын

is this just for small amounts? Can you put large amounts on a card then buy property for example through your card?

Whoever uses cryptos does not want the system to know what transactions it makes, it would be an incredible snitch, so no thanks

@TheWizardofOdds-ut2bx

5 ай бұрын

Not necessarily. Crypto has a cult following. Some people love using crypto for the sake of it.

Nah.. it means too many fees Visa and MasterCard will rip us off! I haven't used any credit card neither debit card for years already but mobile banking and cash withdrawal at non-atm 24/7 open local counters we have here in Indonesia.

Thanks for the content ❤

The complicating factor is is this transaction would be classed as disposing of an asset and therefore has capital gains tax consequences. How is that accounted for?

Where is the list of countries that will allow this?

No option on Metamask to transfer from wallet to VISA Debit card, how is this done ?

Get visa involved get the thieves involved.

KYC!!! NO

I've had a Mastercard with Uphold for over a year, really easy to use, and nominate which crypto currency from my portfolio I want to spend from. Mastercard is accepted in as many retailers as visa. So the title of this video made me watch to see whats actually a new thing.

Will this work now from coinbase. I had to do a swift international transfer in the past which was stressful as it was routed via a bank in Slovakia which I thought was a scam and waited nearly a week for the funds to clear.

is this just for small amounts? Can you put large amounts on a card then use that to invest in other assets?

Brilliantly done James 👌 As soon as HMRC created a crypto assets tax page online it was only a matter of time ….remember heading towards 2025 agenda 👍

@jameskay428

5 ай бұрын

Thanks, glad it was useful

Ok 👍 😅…like a hasty school kid I asked before I watched lol 😅…..great guns 💪

It’s a great start, it will open the door for further options in the future.

@christbenson6004

4 ай бұрын

Hi,greetings to you,how are you doing today?

Yeah well how much of the charging for transaction fees is the question...

Good video thanks straight talk

Here is a question for you slick , how can you pay any taxes we are due if we cant get it of exchanges ?

Some banks are fairly flexible, and some in the UK have a blanket ban on crypto on and off ramps. A total pain. I just hope in the coming years it becomes much easier and safer.

James thanks for the info. Would you know if Visa needs to conform to the Common Reporting Standard (CRS) where they may need to provide kyc info of clients to governments?

@jameskay428

5 ай бұрын

Yes, KYC is required as it is very centralised

Incredible amount of valuable crypto information in just this one video. Thanks!

@jameskay428

5 ай бұрын

Thanks, glad it was informative!

@christbenson6004

4 ай бұрын

Hi,greetings to you,how are you doing today?

To which debit cards ? I'm sure I cannot withdraw to any card I actually have or how does it work ?

KYC required. Defeats one of he major reasons for using crypto - PRIVACY!

Same kind of thing PayPal did and ended not making sense. I mean visa and Mastercard are only useful if cash exists apart from that it's not needed for the future with Ai and Blockchain integration. Why would anyone connect his open online statement to the oldschool closed system.

I've been doing exactly that for three + years with the square cash app card, piece of cake

Defeats the purpose of getting away from fiat

and a whole lot of banks reporting to irs and hmrc, no thanks

@janeznovak2408

4 ай бұрын

all,..they need to report,..it is law

@jbrown9163

4 ай бұрын

@@janeznovak2408 says the woman that works for the f****g government

Your videos are always so helpful. Thank you.

@christbenson6004

4 ай бұрын

Hi,greetings to you,how are you doing today?

Would it be possible to gift crypto in this way to someone elses visa debit card or would it have to be in your own name ? Thanks

Hi James, I wish to return to the UK from China after 5 years of non-residency which i understand means that i will not be liable for CGT .My question is can i still use the UK banking system to access my gains and hold them in my UK bank account and not be liable for taxation.Do i have to repatriate those gains before i return as I also understand that i will be liable once i return for cashing out any future gains once domiciled in the UK again.Please could you tell me if my thinking is flawed or correct? or is this something you can only answer to a paying client? Kind regards. George Kubu

Thanks for the update and I found it very helpful

@jameskay428

5 ай бұрын

Thanks, glad it was helpful!

Can you please explain the extortionate fees behind Bitcoin when a person want to cash out of Bitcoin

HOW ELSE DOES A PERSON CASH IT OUT WITHOUT VISA ? IF THE PROP FIRMS PAY IN CRYPTO THEN WHAT OTHER WAYS CAN PEOPLE CASH IT OUT WITHOUT VISA ?

Are there any others that don’t require kyc and very low % fees on transactions ?

Good stuff 👍

Simple - VISA will start out charging small fees at first (for transferring crypto to VISA debit)... then the exchanges will also charge transfer fees.... then foist ever increasing fees...

Please bring more information of how we can do large transaction from crypto to dollars in #1 transaction or do a daily payment of large amount from crypto to any business.

I think real integration will be when most transactions between stable coins and normal fiat happens in the background - most people will be transfering it it without even realising.

How long does C2C withdrawal take? I’ve been having a nightmare withdrawing crypto from the exchange I use as I have had an issue with my blockchain and wallet address. I have decided to pay the 3% fee and go down the C2C route. They submitted my C2C withdrawal yesterday but said they need to complete financial statements been the reason it takes much longer. Does anyone know how long I could be waiting for it to land in my bank account ? Thanks

It would help if you research and inform us is there a crypto market for goods and properties, where people can exchange crypto directly for goods, and avoid banks altogether? Why that need for fiat cach out, when it is close to mind, we can all trade goods for crypto and avoid banks altogether?

How does Visa report taxes on the transfers? What countries can these visa accounts be set up in. Can a citizen of the US transfer to a foreign owned visa account?

@patmagic3301

5 ай бұрын

@officialadmin602I’m not sure what you’re saying?

@dropdroppie1653

5 ай бұрын

HIS POINT EXACTLY !

I checked trust wallet but cannot see this options..

thank you, subbed!

@jameskay428

2 ай бұрын

Thank you!

Awesome Great News Crypto Keep It UP Keep Going. 💯✌️👍💪

I believe that support for cbdcs will create a backlash from the people that are against it. Just my opinion

Ledger already has this with the CL card

Hi James great information many thanks 😊 you mention ledger as one wallet what about tangem wallet how can I find out if needed

@johnsouthern362

4 ай бұрын

Also have Tangem, what have you done regarding taking any profits, which method would you suggest?

As a revolut account holder, it sounds like I/they have been ahead of this curve. For BTC, I abandoned Binance about 8 months ago. The purchase/sale charges are still pretty steep with Revolut, but on balance better than including Binance in the food chain.

@donnaharratt

4 ай бұрын

I've just started using Revolut and love how easy it is to combine my fiat and crypto but the fees are excessive and the only USDT option right now is Ethereum which costs a fortune to transfer!

How much is crypto to fiat visa fee via transakt?

Visa for Asia ? When or how soon ?

Is there a non KYC one coming out?

This then means you would now be using BTC as a currency as you will be buying products via Visa. So how the hell do you pay Capital Gains Tax CGT then. It's just ridiculous!

what are the fees like?

Please tell me how to legally live in the USA exclusively on cryptocurrency income? How to transfer usdt from a crypto wallet to usd on a bank card, and how to do it all legally? is this even possible?

That will be why some banks have moved over to mastercard.

I did find this video interesting.. So I liked and subbed.

@jameskay428

5 ай бұрын

Thanks, glad it's informative!

True is such an obvious trap, but it works so everyone will jump on it.

Whilst this sounds good I am not sure it offers myself any advantage over using the Bisq decentralised exchange network?

@christbenson6004

4 ай бұрын

Hi,greetings to you,how are you doing today?

@keithwhite2986

4 ай бұрын

Sequentially. @@christbenson6004

Yer bro na what are the pro's and con's of the new ETF's

Could you do a walkthrough video to show how its done (cant find instructions on KZread) say from Metamask to Visa ! Oh and Thanks for the info

We've been doing this?????we use spritz finance....its called an OFF RAMP

What about exchanges.. ie.. Coinbase ?

am worried that because they have so many different scam "crypto" they may got bankrupt when the next downcycle goes down. but dont know how they are setup

Please which exchange is this

I'm confused. Can anyone talk me through how I get bitcoin from my ledger to ££s in a bank account like I'm 12, I've been out the game for a while and don't have the brainpower to compute all the changes atm. I'm in the UK. Thanks

Is there a way to invest in it yet?

Can you transfer to a debit card from Coinbase?

Which visa credit card is it? Is it available in US?

Metacard is coming out very soon this will be a game changer

@janeznovak2408

4 ай бұрын

no kiding,..same swift fiat BS

Nothing beats CASH

@sang3Eta

5 ай бұрын

Cash has lost 8% of it's purchasing power every year on average since we dropped of the gold standard in 1971.

@p.newsman

5 ай бұрын

@@sang3Eta Cash is "printed freedom" and ultimate privacy for a free society - no bank nor government freezes it, no one can really track it, identifying every move you make. CBDC and even normal bank deposits will geht stolen one or the other day - while trying to save people spreading "misinformation' (when history proves every CT came true ;)

@SPaddy-fb7hy

5 ай бұрын

Or the square wheel,eh?

@janeznovak2408

4 ай бұрын

@@sang3Etanot cash,.,.currencys,..cash as method of payment will remain and with time will prevail,..not all people like and want CBDC banks gestapo card system

Very useful information

All bank cards are swift and they are under IRS control,..thats not good way to get your money

What about now after the new mica ?

This is a key step in global crypto adoption. Very exciting. Thanks.

@janeznovak2408

4 ай бұрын

nope it is a key step to CBDC adoption

Is this Centracard nr2?

Banks invest in crypto but in which ones? I'm guessing not all bitcoin. I know that VISA cooperates with HBAR. And there are positive rumours about XRP still

@janeznovak2408

4 ай бұрын

all, all this whales are banks,..

Exchanging crypto for FIAT via paypal for quite some time..