Lastbit Cards is a payment app for Europeans, featuring a MasterCard debit card that can be funded through instant Bitcoin transactions. Spend globally at online or physical stores and earn Bitcoin. Create burner cards for privacy and security.
Hey everyone, Prashanth here, co-founder of Lastbit.
I started Lastbit a few years ago, leaving behind a CS degree from ETH Zurich to solve the problem of using Bitcoin to do useful things, specifically, moving money. Having worked with Bitcoin for a few years prior to that, there was really no easy way to do anything with it and moving money across borders was extremely painful, personally. Lastbit set out to solve exactly this problem and in a nutshell we are building a global payments network for instant, cheap transactions, that connects directly to the local payment instruments in various geographies.
Today, I'm happy to announce we're opening up the public beta of Lastbit Cards that represents one piece of this payments network, featuring a MasterCard debit card for Europeans. With this application you can add Euros to your card via Bitcoin Lightning Network transactions and pay Lightning Network invoices using the Euros on your card. Additionally, each time you swipe your card you earn Bitcoin that is immediately usable on Lightning as well! We don't hold any of your Bitcoin and is meant to demonstrate how a non-custodial fiat bridge would work.
In the future the goal is to connect this infrastructure to payment instruments in different countries and seamlessly move money in a jiffy with low fees.
We've worked insanely hard on this over the last year in bringing this to life and we would love to get your feedback! My co-founder and I will hang around the comments for a while to answer any questions that may come up. Alternatively you can always reach us through the in-app chat.
Thank you so much, @mwseibel for hunting us!
For being an early adopter, we're giving you 50% off on your first month of Lastbit Pro using the code PH50 :)
@abeoye highly depends per person. For me personally, I try to keep a fixed exposure to Bitcoin as a share of my total assets. So when the price goes up above a certain threshold, I feel comfortable cashing in to keep my level of exposure aligned with my investment strategy. That's a personal decision for me.
Fortunately, we are also allowing people to earn Bitcoin cashbacks if the preference is to HODL. Also in extreme cases, with Lastbit cards you could even move all your assets to Bitcoin, and then just use the card when you really need to pay for stuff.
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