How to spend BTC from self-custody if merchants do not accept it directly?๐ค
Here's a short demo of our NWC-enabled wavecard - a Bitcoin debit card that spends your self-custodial BTC across 150M+ shops globally!
๐ Hold your BTC until the last possible second!
@wave.space ๐ช๐บ + @Alby = ๐งก
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Iโve been waiting for something like this for like 5 years, great work!
Very motivating to hear this! And we have so much more planned for the wavecard, as well as for the whole self-custodial Bitcoin banking experience ๐
With wavespace:
1. Thereโs no need to hold Euros anymore
2. Thereโs no need to hold BTC on exchanges.
Well done!!! Very interesting
Connection to self-custody and 1% fees against custodial scam cards that charge 3x more? This is epic ๐ฅ
Planing to offer this outside of EU?
Potentially, but we do not have any concrete timelines for that. Would need to find a licensed partner in other jurisdictions for issuing debit cards.
Thanks ๐ซก
This is amazing
I saw this used in person by @endo to pay for his dinner with bitcoin. It's bad ass! I would encourage all of my European Bitcoiner friends to check it out. The NWC integration from your node to essentially your bank account to "top up" your card is awesome. (I also spoke with one of their team members today at the conference.) ๐ซ๐ค๐ป๐
How to spend BTC from self-custody if merchants do not accept it directly?๐ค
Here's a short demo of our NWC-enabled wavecard - a Bitcoin debit card that spends your self-custodial BTC across 150M+ shops globally!
๐ Hold your BTC until the last possible second!
@wave.space ๐ช๐บ + @Alby = ๐งก
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Holy shit! ๐ณ๐
So this is a EU only thing?
When will it be available in the US?
Hard to say. We're following the regulatory developments there, seems like things are starting to slowly move to the right direction, but at the moment it's still a bit too early for us.
Regarding tax implications, I assume depending on the jurisdiction, but would the conversion kick in capital gains at transaction level? Is there any info out there clarifying this?
This would be unique for each jurisdiction. Technically, each payment is a BTC sale. We will provide you with an exportable transaction list that would have the associated exchange rates and fees.
This would be solely your responsibility to comply with your local tax laws. At least until 2026 weโre not forced to report anything automatically. And then DAC8 trchnically kicks in, but weโre still investigating how will that be enforced upon us. If any automated reporting is requested, we would let our users know.