But isn't international credit/debit cards (even such with "limited charge") a solved problem? Except when under 18, all my credit cards were always international.
Depends on the charges. If you're ok with around 1£ added to every transaction while you're abroad, then yes, it's a solved problem. But if you're travelling a lot and don't want to exchange the paper money and always be stuck with some change you'll probably never use again... it could be better.
If you're ok with around 1£ added to every transaction while you're abroad, then yes, it's a solved problem.
How about £0? That's a solved problem too. In the parts of the world with a working, modernized banking system and proper competition.
I could chose to be part of those who got charged £1. I chose not to, and so did so many others, that where I live, finding a bank which charges you money at all to withdraw anywhere in the world is the exception, not the rule.
There may be merits to bitcoin (although I do admit I have very little knowledge, insight or understanding of the system), but you don't need it to have working banking institutions and free trade. That I do know.
Exactly. I just went over my credit cards' reports and it specifically says next to the international deals "fees: 0.0"[0].
Both reports checked are for the business/corporate versions[1] of two famous credit card entities (Visa, Amex, Mastercard, Diners).
Is it the same for my mother's credit card she got at the supermarker for club discounts? Probably not, but she uses another one outside the supermarket.
[0] There is probably some hidden fee in the conversion rate, but it seems to me a fair conversion rate, not unlike I would get at the post office.
