Brex has added the option to turn points into cryptocurrency with both Bitcoin and Ethereum being options. When using this option the cryptocurrency is sent to your Coinbase wallet. Unfortunately this is a pointless option as points are only worth 0.7¢ each and you can cash out points directly for money for 1¢ per point.
The carbon footprint of a single bitcoin transaction is the same as taking a flight from NY to LA. Horrifying to think of people doing this repeatedly for $0.007 per point.
What’s the carbon footprint of the entire fiat financial system?
I guess it makes sense for those of us using it as a corporate card and wanting the points for ourselves.
You can’t exactly mail yourself a check from your business bank without it being sus to your boss but nobody at my company cares if I keep the points from the credit card spend.
This lets me transfer it directly into coinbase. Free 2-3k a month in Bitcoin or ether.
In other news, dumb people get swindled into giving away 30% by having a trendy way to withdraw.
Glad you mention it’s pointless and people should just redeem for the penny a point and then use that money to buy crypto. Even with terrible Coinbase fees you’d end up with 95ish cents on the dollar.
I don’t understand what’s going on or who’s pocketing the 0.3¢ spread, but sign me up for the crypto bandwagon pronto!
Not a good day for crypto today.
Only a few hundred left for shits and giggles. I was fortunate to sell most of it at 72 cents before it tumbled. However today is a whole different story. I had took out a few thousand cash yesterday and put it back in before the Elon Crash. Bad luck. Ah well looks like I’m giving out interest free loans. I’m not afraid of being in red, I just hate wasting time.
It’ll go back up. Time is our friend
Yes I know. I caught the ETC and EOS train at 80 and 10 respectively. I didn’t sell at the ATH and now I’m back to square one. Very disappointing.
ETC is literally a useless coin though. Not sure why it’s pumping.
IMO they all are useless despite what each individual project “say” they do.
Red = on sale. 🙂
If only I didn’t buy right before dip and after it at 6 pm. Then the second one happened at 8 pm. I’m better off playing roulette.