How many of you are aware of the site steem.cards?
This is a site that allows you to convert your STEEM or SBD into store cards such as Amazon or Dunkin Donuts. It is something that was around for a while yet they just made what I consider to be a big announcement.
Here is a picture of the site for those who are unaware:
This is a partial listing of the items they have to offer.
What is exciting is it was just announced that they now have a Visa Gift Card (Debit) that can be purchased using your STEEM and SBD. It is only available in the US and converts to USD. They can do it from $25-$2,000. There is a fee of $7.95 per card which is steep for the smaller amounts but not so bad for $500 or more (this compared to 10% on the store cards).
According to @steemgiftcards, this is a revision of an old idea. At present there are 20 items available with a goal of 100 by the end of next month.
Here is the post they sent put up:
To me this is huge news. By being able to put your STEEM or SBD on a Visa Debit card, it removes the question "what do I do once I get the STEEM". We know at present it is difficult to move money out from STEEM to USD. This is a way to streamline that process and, for a large amount, $7.95 is not a bad transaction rate.
More importantly, we are starting to see projects that people are putting together which will bring commerce to the STEEM blockchain. I felt this was an important move for 2018. The question is all cryptocurrency is what do I do once I get it?
Now when someone asks that about STEEM, the answer is wherever Visa is accept!!!!
This is an example of the power of a decentralized blockchain that I keep mentioning. The innovation can come from anywhere. Bringing commercial entities is of primary importance. This is how an ecosystem really can expand and grow. Here is an individual(s) who went out and put together a way for people to use their STEEM and SBDs (personally I prefer to power up 😁). It is one of what I expect to be many steps towards commercialization on this blockchain.
What is exciting is there are plans to grow steem.cards bigger and add more features.
We are onto something big with the STEEM blockchain. While others are trying to scale up and figure out what they are targeting, development on STEEM is only adding to what is already here. Day-by-day, this place is growing in so many different ways.
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