Digits, Paying With Crypto Made Easy
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 1 June 2018
⏱️ 25 minutes
🧾️ Download transcript
Summary
Digits technology allows the consumer to use their credit or debit card in exactly the same way he or she does today with one critical difference; when the consumer pays with a credit or debit card registered with Digits, payment is made with cryptocurrency instead of fiat currency.
Merchants do not need to change any process in order to accept cryptocurrencies via Digits. The settlement times, processes, and fees, are exactly the same as they experience today. They can enable cryptocurrency without any additional merchant account or agreement. Digits does not issue any cards. Payments with your crypto currency are made easy by giving you the ability to choose crypto as an option for payment anywhere, anytime, any place.
Transcript
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| 0:00.0 | Welcome to Almost Here, Around the Corner of Future Technology Podcasts with Richard Jacobs. |
| 0:07.0 | Future Technologies |
| 0:08.0 | Boys to transform our lives for better or worse are the focus of this podcast. Almost here means these |
| 0:14.8 | technologies are now here and starting to be used or just around the corner for |
| 0:19.6 | Bitcoin to artificial intelligence, 3D printing, blockchain, virtual reality, and more. |
| 0:25.0 | Hello everyone and welcome to Future Tech Podcast. I'm your host Juliet Lamar and I have with |
| 0:32.2 | us today Jessica Higgins. She is the chief marketing officer at Digits and she's also a writer and an author and she's just an all-around awesome lady. |
| 0:42.8 | So welcome Jessica, thank you so much for joining us. |
| 0:45.4 | Thanks for having me. |
| 0:46.4 | I'm excited to talk with you today. |
| 0:48.4 | Yes, we are excited. |
| 0:49.5 | Let's talk about first, let's kick it off with digits digits tell us all about the so digits is a |
| 0:56.0 | company that is actually it's both an app and a platform that allows you to transact |
| 1:01.8 | cryptocurrency on any debit or credit card that you already have. |
| 1:05.6 | So it bypasses issuing a separate card. |
| 1:08.8 | It bypasses the choice of any vendor to want to accept or not accept crypto. |
| 1:14.4 | What it does is you simply take any existing debit card or credit card that you already have. |
| 1:19.2 | You plug it into the app and then you can then go on to the app and turn on and off your crypto |
| 1:24.1 | accounts. So you can choose whether you want to transact in Bitcoin or |
| 1:28.0 | Ethereum or Fiat or any currency that is that you can transact and then you run the transaction and the vendor has no idea |
| 1:37.8 | whenever you transact a smart contract is issued and it goes straight to that vendor for that amount of the currency. |
| 1:45.0 | And what kind of is there a lag time at all or is it instantaneous just like a credit card? |
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