Bitcoin Forum

Hello, we are building a wallet to wallet payment system which enables transfer from one user to the other easily. You would be able to fund the wallet with lots of options, some of them are below;

1) Any cryptocurrency
2) Bank transfer
3) International Bank wire
4) Other electronic payment options (Paypal, Skrill, Perfect Money, Paysafecard, e.t.c)
5) Cash in shops
6) Series of Giftcards

All these funding options would be accomplished by third parties which we would verify before they would securely provide funding to users via our Internal Escrow system.


Currently, we have started the Pre-Registration for Merchants and currently we are taking suggestions all around the world with very strong Market survival points.

We are advertising up to 40% discount for Pre-Registered Merchants whose application would be accepted now for live trading of our coin when its launched January next year.


FEATURES OF OUR PAYMENT SYSTEM IN DEVELOPMENT

a) Easy Conversion from Cryptocurrency to Fiat via the funding system. The balance on the wallet is stored in  FIAT.
b) Users can accept payment on their websites easily by attaching already developed CMS Plugins or developers can integrate using the API features.
c) Its free to receive and send Money
d) There are over 100 Local currencies users can select from. This means the transfer of money from one currency to the other is just going to happen with a click.
e) There are lots of funding & withdrawal options for users
f) The platform is a Semi Decentralized system
g) Users can send up to $100k Monthly without verification
h) Transfer of Money is instant and final, no reversal allowed
i)  Funding of account is done via the Merchant community, all Escrowed trade happens on the platform which guarantees safety for both the Merchants and the users.


THE WALLET: The wallet itself is the fiat version of our coin, all transactions would be ''FROM - TO'' the platform's coin. But in the real sense, users would just be sending and receiving fiat while Merchants would be able to trade the real coin itself on a real exchange platform.




This is a summary of our payment system already in development. Feel free to leave a suggestion or a note.


Thanks!

Hello many projects offer the same features. Can I ask what is the name of wallet youre talking about? Is it a new project that has already have a working product or can be download already since youve mentioned development already on thr last part of youre post. Or you will just start on marketing this wallet?


I suggest post here some social groups or even the website of the wallet youre promoting so we can see if this a good one. Im thinking the project is called XCARD but probably not, cause they also offer 100 plus fiat currency for direct conversion with crypto.

When we say wallet to wallet we arent referring to coin wallet transfer, we are referring to a mobile money wallet transfer.

Development is in progress and we shall be launching by January 2020.

Name of project shall be announced in few weeks with all social channels.

99percent of available crypto wallets of today have all the features you have on your list, its better to think about something new and fresh so that it will be easier to get many users, they will only have interest if the wallet have something new and different

hmm, interesting , the way you describe it, i immediately think of "M-Pesa", will your project be something like that?
They seem to have been successful, so if you could do something similar only with blockchain, i think it could work...
Other than that, looking forward to seeing what you have for us here, will it be more like a "Bisq" thing maybe but mobile only?

Is it registered under any law or regulation?
And what are the 100 local currencies? can you show me all of the lists?

does this mean we can buy crypto using paypal? if possible, this will be a good wallet, I'm very interested. this will make it easier for us, because there is no need for credit cards or long verification when you want to buy or initial deposit for crypto assets. enough by using paypal I think it will be a very easy and simple way.

There are many fraudulent cases that have happened using PayPal to buy cryptocurrencies.


You plan to support 100 countries, so will you support converting coins to local fiat for the countries in the list?

Also, Any business that deals with the transfer of money has to take KYC according to the norms of our financial stature. $100k monthly transfer without verification is big red flag then.

The project look attractive and achievable but ............

This shall be great but it shall requires financial regulations and strong monitoring.

All these funding options would be accomplished by third parties which we would verify before they would securely provide funding to users via our Internal Escrow system. I doubt if your services can be free with the use of third party.

My suggestion is that you should denominate your business using Euro and not USD because USA will always come around to hack down your business by using one excuse or the other.

Seems you didnt properly read what i wrote. No one has this idea. The wallets am referring to arent those dead wallets on those usless cloned and copied interfaces. This wallet is a real fiat wallet like sending funds from a  Paypal wallet to the other.

When i refer to wallet, i do not mean just mobile wallet, those projects are related to mobile money.

its means you want to create a wallet that backed in USD or other currency ?
Is this a crypto currency something like USDT or not a crypto currency at all something like paypal , that can only be use as onlinr payments but not available in thr market?

It would be as simple as using real cash in local stores. So Merchants would take kyc if they wish.

Excellent observation. But truly, there wont be any primary currency. A user's account will be dominated via the currency he has chosen when setting up his profile which cannot be changed. So this user can send for example, 4,000 AUD to a user using EUR and the conversion is done automatically.

So payment is being transferred easily from one person to the other easily via Cryptocurrency converted to fiat.

Our project is fully a crypto project. But we are simplifying the whole process which would make adotion as fast as possible. What we are trying to achieve is; users would be able to do their everyday spend and receive payment via Fiat but indirectly all payments are processed via Cryptocurrencies.

More observations

I wonder where country OP is, there is somehow same wallet that is able to do all the listed features excep to #4

This is what lucking in our local popular wallet, but it does have other e-payment options that are popular in our country and I'm hoping to see paypal soon in the local wallet I'm using.

As long as the support and security is fine. I guess it will attract more investors like what our wallet here is doing now.

There is a similar project. They are not fully active yet, but they continue to work. You can examine Zeux project and aim to do better. It will be useful if you can.

We have achieved some significant level of the result even during this Pre-Launch.