Is there any way we can use a debit card the same way we use paper money?
I can use paper money without having a bank account, but I feel like there is no way I can use a debit card without having a bank account.<p>Is there anyone here who feels that digital money and paper money should have the same benefits?<p>I don't like banks. I don't like how they multiply money out of nothing. I don't like how they operate.I don't want my money to be borrowed to others nor being invested in financial products I don't know.
I don't want to lose my money if they fail as a company while investing my money.<p>Is there anyone out there feeling like this? Have you found any solutions to this problem?<p>Edit: Debit card instead of credit card
I think this is what's known as a "stored value card," whether it's like a traditional gift card with a number and signature stored on a magnetic strip, or a smart card-based system, where a tamper-resistant cryptographic chip (just like the one in your SIM card) stores and manages a value on it.<p><a href="https://en.wikipedia.org/wiki/Stored-value_card" rel="nofollow">https://en.wikipedia.org/wiki/Stored-value_card</a><p><a href="https://www.fiscal.treasury.gov/fsservices/gov/pmt/storedValue/storedValue_home.htm" rel="nofollow">https://www.fiscal.treasury.gov/fsservices/gov/pmt/storedVal...</a>
> I don't like banks. I don't like how they multiply money out of nothing. I don't like how they operate.I don't want my money to be borrowed to others nor being invested in financial products I don't know. I don't want to lose my money if they fail as a company while investing my money.<p>Some religions don't allow interest to be earnt on loans. You might be interested in their financial products.<p><a href="https://en.wikipedia.org/wiki/Islamic_banking_and_finance" rel="nofollow">https://en.wikipedia.org/wiki/Islamic_banking_and_finance</a>
If you want to use a 'credit' card then that means your spending money you don't have, so you're spending the banks money, that's why you need a bank account, sort of simple but that's the idea.<p>A 'debit' card is money you do have, and you don't need a bank account for some of those, for example you can get 'pre-paid' cards, you top them up with paper money then spend them wherever.<p>There's also bitcoins and all the other digital currencies you can use, I think some places even have Bitcoin ATMS now.