Tuesday, 4 May 2021

Thanks to BCH my stolen credit card details went from distruptive to mildly inconvenient.

Shoutout the the BCH community and Crypto in general for solving one of the larger problems that happens with the most accepted mode of payment today, Credit/Debit Cards. Somebody stole sufficient details from my credit card to subscribe to several services, this ran up a few hundred dollars in fees. Fret not, my bank is returning the fees, which is a benefit of this system.

The challenge would normally be the interval wherein I have no card at my disposal for the coming week. I needed to renew a few subscriptions and now my card is gone. Thanks to BCH however and specifically some of the vendors below I was able to quickly purchase some cards, top up some accounts and carry on with my day.

- https://www.coinsbee.com/

- https://www.keys4coins.com/

- https://coingate.com

This is important, as one of the biggest threats people bring up to crypto is loss due to the potential hack of a wallet but every time you use your card it's at risk of of being compromised. Depending on your bank, this could be a big deal. I don't know and will never know how my information was stolen, it most likely was skimmed from a reader somewhere but the loss isn't acknowledged in any recent hack notifications.

And yes, I did double my BCH topup from what I spent.

submitted by /u/hlince
[link] [comments]

source https://www.reddit.com/r/btc/comments/n4crvy/thanks_to_bch_my_stolen_credit_card_details_went/

No comments:

Post a Comment