Yes, its only uses crypto, no USD, no visa, no mastercard, it pure crypto, but you dont need your phone, just the card. You can print the card yourself with the code, go to any merchant and they scan it and you type in your pin to release the amount that you are paying for. This is way faster than take out your cellphone to pay for things, plus it's safer while traveling, no phone. You load as much as you need on the card. Also people that dont have phones can buy the card and load it. People rather use a plastic card than a phone to pay for things. If you watch the amount of time it takes to pay with your phone its a lot of time wasted.I'm pretty sceptical about that card.
There are a lot of issues with card issuers regarding crypto-based debit cards.
TenX had all of their cards disabled a few months ago and LitePay had their Litecoin card delayed.
Additionally, card issuers are notoriously problematic when privacy based coins are involved.
I'll believe the SmartCash card when I see it in action.
I don't have anything against the project, I just think this is all just marketing for now and no concrete functional product is guaranteed.
I watched the video now and he says it's a "crypto to crypto" card.
That would mean that the card is just a replacement for mobile wallet, as far as I can tell
Yes, looks like it's using a hot wallet using payment codes and hopefully spending rules in a smart contract (guessing)So, in essence, it's just a paper wallet.