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dude thanks for this insight. my guess is that they are using digital looking to trace and flag objectionable transactions which negate the need to kyc. offgrid is also kyc free and they say they don't track and trace but they do use AI to watch etc.
honestly topping up with xmr is ok but what you really want is the option to move xmr on off and to hold in xmr. i still come back to the basics, two dudes taping their phones via QR or in person. don't need visa actually.
thanks for this reply I think it was super helpful.
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The XMR bit I just checked and top-ups are live now, they must've rolled it out
after I posted. It's native Monero, 0.1 min up to 20, ~30 min to land.
Your chain question, the thing to actually watch: whatever you send doesn't become
USDT you hold. It gets converted straight to a USD balance on the card the moment
it confirms. So there's no "USDT on Polygon" sitting in a wallet you can move or
withdraw. Once it's loaded it's spend-only credit the terms are explicit that
you can't take it back out as crypto or fiat.
Which also answers the DeFi one: no. No yield on the idle balance, nothing earns,
it's just a number you spend.
Privacy's better than OFFGRID's for sure. Name + email only, no ID, no selfie,
they claim no-log and no IP tracking with a hash to access the card. The catch is
it's custodial between your deposit and the card balance the operator holds it
during the load, same as any of these prepaid cards.
Fees are what turn me off, I agree again. 3.5% to load plus the conversion on top, and
the card's $60 now going to $120 in 2027. As a daily driver it eats itself alive.
The 0% on USD spend is the one genuinely good part.
Only other XMR option I know is Goblin and the fees are too high to bother. Most of
the no-KYC card crowd has a history of just disappearing, so I'd treat any of these
as small-amount convenience only, nothing you can't afford to lose.
I just keep using cake wallet gift cards if it comes to the point that I'm spending monero like this.
It's one of those I want to spend Monero to help it but it also has to not actually cost me.