Bitcoin debit card "Wirex" unified with VISA!

Globally famous Bitcoin

debit card

Wirex (Wirex) Card

was previously Mastercard,

but this time it will be unified under VISA.

Therefore, those who have already applied with Mastercard

are currently able to create a VISA card for free as part of the campaign,

so please go ahead and create it.

It can be easily applied in about five minutes

↓↓

http://bitcoin-newstart.com/wirexcard-master-visa

Now, here I would like to think about Bitcoin

debit cards

and how they work.

Even with a Bitcoin debit card,

you do not pay directly with Bitcoin;

Bitcoin is exchanged into “dollars, euros, or pounds”

and you make payments in one of these currencies.

Usually, you convert virtual currency to Japanese Yen at an exchange,

withdraw to your bank account,

and the profits at that time are taxed (if there are profits).

with the Wirex card

you can convert to dollars and pay without tax

being charged, perhaps...

There are Bitcoin debit cards from Japan as well,

but those require converting to Japanese Yen first before payment,

and taxes are thought to apply there as well.

there are several who have earned more than 10 million yen in profits from cryptocurrency.

But for example, if you earn 100 million yen in profits in cryptocurrency,

with progressive taxation

55% would be taken as tax.

(If you withdraw in Japanese Yen.)

That’s a scary thought...

Basically, holding Bitcoin as is is tax-exempt,

so no taxes are incurred.

Among my acquaintances who earned profits from cryptocurrency,

they are considering buying a Lexus (a luxury car) with Wirex card profits,

for example.

With Lexus,

credit card payments are possible.

If you are a subscriber to the newsletter,

it would be helpful if someone knowledgeable about taxes could share their opinions.

Also, during Golden Week,

Ripple and NEM rose sharply.

http://bitcoin-newstart.com/ripple-nem-richman

I think many people who earned substantial profits among them

will agree.

there is active discussion about cryptocurrency taxes.

Will Wirex Card become a savior?

(In Forex, profits are taxed when converted to Japanese Yen.)

Ripple and NEM can be traded on domestic cryptocurrency exchanges

more than on Coincheck, a domestic exchange ↓↓