I have not tried Minexpay card but today many new ICO and tokens introduce their cards just to attract their ICO and users.
If the cards were so important for the crypto currencies, bitcoin would had the first digital card but there exists nothing. I never understand why crypto needs a digital card ?
You do not understand this, because probably or you have nothing to withdraw from your counts in fiat, or you do not understand millions of people in other countries in which it is forbidden to directly receive money from cryptocurrency into accounts. You are exaggerating. There are only few such countries in the world. I no longer desire the dialogue with you and your friends paid by the JollyGood, vlom, and other trolls, since it is no secret to anyone what goals you are pursuing here .. p.s. But I’d say in secret that even in India the population is almost 1.5 billion and there is enough of all the cards, so you can now shut up your lying mouth. Unlike you, nobody pays me to post. My opinion is mine only. I know what are your goals, but i would like to hear what are mine goals you are talking about,because you claim to know for mine goals which Iam not even aware. All things I post is backed with evidences,so I understand your anger and pain about it,because you have nothing to oppose it,except to make attack on me and curse. |
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I have not tried Minexpay card but today many new ICO and tokens introduce their cards just to attract their ICO and users.
If the cards were so important for the crypto currencies, bitcoin would had the first digital card but there exists nothing. I never understand why crypto needs a digital card ?
You do not understand this, because probably or you have nothing to withdraw from your counts in fiat, or you do not understand millions of people in other countries in which it is forbidden to directly receive money from cryptocurrency into accounts. You are exaggerating. There are only few such countries in the world. Any way if you dont want your bank or government to know that the money has crypto origin,you can sell it on some exchange ,then withdraw it to your bank account at some electronic payment service and then send it to your account in the country you live. There are payment services who can send money via WU, Moneygram,mobile payments networks or you can use Local bitcoins. Also there is a Paycent who can send money from selling crypto to more than 200 countries via Union Pay payment cards. |
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I see that the war of different opinions does not stop here. I can say that I like the idea of the project. Devs offer us a very promising network and wide functionality.
Why argue here. Let's just observe the smooth development of the project, because everything is already financed.
So no one argues. There are several trolls in the whole forum who apparently have been paid money for trolling the project. Therefore, they are trying hard to do their job .. )) You do not have brains or can not think? What kind of lie do I trade? I lie, that I participate in the company of the bounty, or are you lying now, that I am trading false? What proof do you have of my lie? Perhaps my subtle humor failed when I wrote a message (note that I did not write to you, but to that troll), so I don’t know English well. But I wrote intentionally that this troll would not make himself a saint. And now you work as a troll instead? To continue to troll my messages?  It doesn't even surprise me. You all climb out of the ground. You certainly know enough English to shill Republia when it suits you. Plus you are wearing the "Republia ambassador tag" in your profile and the Republia signature. Adding all these facts together, coupled with you trying to bury all the posts about the scammy nature of Republia, plus your own written admission that you are now somehow trying to pass off as an attempt to troll, i'd say, the chances that you are indeed a paid shill are very high. So please spare me your drivel. |
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the worst thing is, that why know about it but cant do anything.
Cant agree with that. Through many posts on former uncensored thread and on this one,people could clearly see real nature of this Minex/Minexpay/Chain2pay project.Now it is more than obvious main purpose of it - to gain as much as possible wealth to its CEO Boris Shulayev who will break the law if neccessary to gain few dollars more from naive people. Unfortunately, you cant save all the people. Someone will put money in the hands of people they do not know without making first due diligence work who are these people and what is theirs business reputation. Of course there is option of making formal complaint to Upaycard and Mastercard after theirs card activation ,which will stop them immediately due to overwhelming evidences against Minexpay/Chain2pay illegal doings or let the Mastercard location of use monitoring tools do that when put red flag on the cards due to theirs primarily use in countries which Upaycard has no issuing license.They will be busted anyway,it is only question how it will happen - who will catch them first and why. |
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Stay clear of MNX and their lies, everything they say is a lie, they will make promise and dates and they will blatantly flat out move on to the next one.
Hows the ATM machines?
Do you really ship your "mnx" cards in the name of a lithuanium recruitment agency?
Do you really send "FREE" upay cards for people who have paid money for these FREE cards?
Then when you ask the question about it in their support chat they just ban you.
no questions, no warnings just straight out ban you.
What you wrote is entirely true. They sent out cards in the name of some under investigation Lithuanian company. They charge MNX to send you a Upaycard (that they got for free). Without notice or warning they ban people from their Telegram channel if you ask a question they do not like. They delete any post that asks questions or criticises them in their censored Minex scam thread Yep and both Tehmuk and Xeops have clear relations with mnx and republia (mnx's second scam) Of coarse people are not going to be happy paying for a card they got for free that is in the name of a lithuanium recruitment agency I'm just here to warn people as I was unfairly banned for asking a question Minexpay/Chain2pay representatives are constantly lying about payment cards they send. They are talking how they are doing that in the name of Lithuanian company UAB KRISTOLINIS DUGNAS,like an affiliate company,but that it is lie. Minexpay/Chain2pay has no any legal agreement or contract with UAB KRISTOLINIS DUGNAS. This lithuanian company is a shell(empty) company with no registred workers and revenues in the last 12 months,which you can see from the red framed statement of Lithuanian state company register on the picture below. Legally ,this lithuanian company is dormant, with no business activities,no workers, no revenues. But ,in fact Boris certainly made some face to face agreement with its director Sarunas Badauskas to illegaly uses this company as a cover in front of Upaycard and Mastercard and illegally represents his customers as workers of lithuanian company. Whole scheme is deeply illegal and not just breaking Mastercard rules and regulations,but using of shell company to cover real business and owner is serious violation of money-laundering laws. Main victims of such completely reckless and shameless business practice will be people who will use that card,when theirs card would be cancelled without any prior notice due to lying about real beneficiary company in application for card issuing.  |
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to keep this: Is there information when the cards will work?)
time goes and the news is less and less)
thank you
Hello, Please don't worry about the news, you can keep in touch just to follow our officiall chanells. The first batch of cards has already been sent, some functionality is already working and now we are under the testing proccess. Depends on the result of testing we are going to start full work. Approximately time will be known later, but we will definitely announce that in our official channel. still not working..... Their disaster goes on and on.... It is truly disaster and it will be even more when some time after activation cards will be cancelled. On Minexpay site, on the question how much time it needs to load card with funds after sell of crypto, answer is up to 3 days . With so many intermediaries, illegally using of shell company UAB KRISTOLINIS DUGNAS account on Upaycard to cover real beneficiary owner and problem which Upaycard has due to bankruptcy of danish bank Kobenhavns Andelskasse where its funds were holding, this load time easily can go far more than 3 days. In the last sentence of this answer Minepay indirectly admitted that this payment card scheme they are using is illegal ,because they said they are unable to replenish card through using regular card transfer,which every regular card issuer can - it means they have no access to payment network, because theirs cards are non-branded and represent illegal intrusion in Mastercard and Upaycard system.
https://faq.minexpay.com/article/251-how-long-does-it-take-to-load-the-minexpay-card-with-funds |
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Am registered on Minexpay, bought two cards, pass KYC and AML/CFT but still can't find any info about my cards is it shipped or what is the status.
My referral ID is 372, so, I guess I am 372th user who's registered.
Is there any list or how to check my card delivery status?
Did you done proof of address documents renew? In first batch cards was sent to people which first renewed their documents. E-mail about that was sent to every user which ordered card. Second batch of cards will be sent in February. @TeMHuK when you will pay your debt ... you lost a bet ...the bet was tied to date 31.12.2018 00:00 ... the cards still do not work @MineCoin.org this statement was a lie or...?  I'm waiting for their answer There is very little chances you will get money from the bet with Temhuk. Minex/Minexpay/Chain2pay works like a black hole. Black hole sucks matter and nothing can come out from it - Minex/Minexpay/Chain2pay sucks money and also nothing can come out from it.  |
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There is a possibility that scammers:
JollyGood, vlom, thunderjet working on a coin mco.
And since she was unable to issue cards anywhere except in Singapore, then for her it would be tantamount to pick up in the middle of the road.
Well, there is still the likelihood of these trolls working on a Paycell coin, which also has not been able to do anything out of cards for a year. There is no video in YouTube. I can even claim it. Facts - my assumptions. Let's start from this, from my conjectures.
It is very likely that they are paid to conduct investigations around the clock, as they say they have no investment in coins, but nevertheless work hard against minexcoin and republia (already former), which has already been funded in its 50 million, but nevertheless, these trolls claim that it is a scam. That is, those people who signed a contract for such an amount are so stupid that these trolls at the head of JollyGood, vlom, thunderjet can give them a head start. They are much smarter than a company with 20 years of experience. Where is she (PaxNet) before some headless trolls JollyGood, vlom, thunderjet. These are professionals with a big bull, which is in the ass ...
Morons JollyGood, vlom, thunderjet - do not disgrace. I understand that you bought accounts on the forum. But your statements are as moronic as confirmed.
I really does not like to say hard words, but I have to. Yurez is not just paid Minex/Republia troll ,but complete idiot. I said zillion times - dont work for anybody, nobody pay me, have only this account and it is mine from beginning,but Minex/ Republia trolls with IQ lower than moron simply cant understand it. Never even heard for some Paycell coin he talks about. In theirs massive deluison,caused due to excessive love toward theirs creator Boris Shulayev, they think how there is some deep conspiracy in the world against theirs "Dear and Respected Comrade" Boris aka"Kim Jong Un" Shulayev . Nobody works more against Minex and Republia than its owners - Shulayev family. Only they are guilty for sad state Minex today is. Nobody prevented them to realize whitelist and to make Minex great and respected company. Yurez and others paid trolls leading by Temhuk is sistematically attacking everyone who opposes that Minex/Republia are best investments world have ever seen. This is a comprehensive list of Minex "shiny accomplishments" (till now) : - made false statement in pre-ICO phase about making a deal with prominent european bank to buy share in Minex for 1705.44 BTC through buying 1.095 millions of MNX. Prominent european bank allegedly paid for a share in Minex in BTCs,despite in that time(late 2016),Minex was not existed as a registred company( it was founded 22.Aug.2017).That was big lie ,because Minex had to return money to investors in case that pre-ICO selling was unsuccessfull.This way,they avoided it.
- made deceiving promises in theirs whitelist and promo videos to attract more investors.They were promising low volatile coin, keeping price in tight range of +-5% and how coin USD value will grow 84.88% for a year.Instead, Minex did not intervene one single time to prevent coin price crash,people were faced with huge volatility,so MNX coin value dropped more than 80x for a year.
- advertising payment card program and collecting money for cards in advance for months,despite Minex has never had any agreement for issuing branded payment cards. Minex was aware of not having issuing contract,but it kept advertising payment cards with all theirs features.They were aware that it will mislead people to believe that it is just one small step from card delivering,because nobody cant give card features without having issuing contract first.
- lying people in July 2018 how theirs cards are issued from their own offshore bank with an international license.It was a massive lie,because Minex has never possesed offshore bank or had a contract with any bank about payment card issuing.
- lying about contract with CSOB bank
- made a deal with a proved scammer from Novarise Secrecy to obtain cards for Minex without much "annoying" procedures
- Minex was collected more than enough money to realize complete whitelist program. They realized almost nothing.Instead, money was diverted to private projects for developping VR an AR projects, by Minex CEO Boris Shulayev.
- Minex/Chain2pay is illegally using,without Upaycard and Mastecard knowledge, Lithuanian company UAB KRISTOLINIS DUGNAS account on Upaycard to issue business cards,falsely presenting Minex/Chain2pay customers as UAB KRISTOLINIS DUGNAS employees.Issuing non-branded payment cards and using other,shell company( UAB KD,no real employees and revenues) for it, Minex/Chain2pay not just violating Upaycard and Mastercard rules and regulations,but also AML laws,recklessly putting money of theirs customers at risk,because payment cards can be cancelled any time without prior notice. Despite Upaycard restriction about issuing cards only for EEA residents,Minex/Chain2pay are giving them to everbody,using false EEA residence documents for customers who live outside EEA.
- Minex is using paid trolls leading by Temhuk to make hype about Minex through making false or half-truth statements and the same time to attack anybody who gives opposition to such behaviour
- Minex faced with rising opposition and mistrust to theirs real intentions, locked theirs threads on english and russian and reopened new , self-moderated(censored) threads, to eliminate any opposite voice or opinion.
Yurez shamelessly lies how korean company Paxnet invested $50 millions in Republia. That is a pure lie. Paxnet yearly revenue is about $17 millions.Now they are investing in Republia 3x more money than it is theirs yearly revenue or 17x more than it is theirs yearly profit. I will just repeat mine post where in details was exposed this big lie: Good day. Question after the announcement of the merger. What is the value of the coin today?
The final value of the coin will be announced shortly. But based on the fact that 27.150.000 RPB was distributed to Public Sale and the Korean partners bought everything, the price of the coin today is $ 1.84. I didnt want to talk any more about Republia, but unfortunately I have to react on putting disinformations from theirs members which can put investors in jeopardy to do actions based on lies. Project Republia is over. Koreans bought part of theirs technical project to make for them ETH blockchain version.They will fund it in full,it is now Korean project,they made new company - Paxchain and people from Republia are just hired to do it.Nothing more and nothing less.
There is no Republia any more,now it is Paxchain.Koreans are funding project in full, so it is not joint venture or company merging,just takover of Republia blockchain developping staff to make ETH version of blockchain for Paxnet.But now it is more than obvious that there are ones who are not satisfied with that and they are wanting to restart economic part of Republia project, spreading lies how Koreans bought RPB coins for $50 millions - 27.15 millions of RPB coins for $1.84 per each. Koreans didn do that.They are not interested in economic part of Republia project, especially not for buying worthless RPB coins.It is deliberate spreading of misinformations to deceive investors how Koreans bought RPB coins,making false hype about it before putting coin on exchange,make pump and then massive dump on naive investors. Even if Koreans would like to launch coin,they certainly would not launch coin under old name.They will use name of theirs new company Paxchain to launch Paxcoin or something with Pax in the name. Koreans didnt buy RPB coins,but they will fund part by part now theirs project of blockchain developping.Investing sum is far,far less than $50 millions,maybe 5-10% from that sum( it is not enough money for some in old Republia). Even if they wanted ,Koreans would not have $50 millions for that. From latest stock exchange report theirs quaterly profit is around 1 billion KRW or about $ 900.000. For a year Paxnet made profit of just $3.5 millions. Koreans yearly revenue is about 20 billions KRW or $17.8 millions of dollars.So ,investing $50 millions in Republia is theirs 3 years revenue or 17 years profit - mission impossible and one more stupid lie made to deceive investors This is financial report from 2018 about Koreans company Paxnet - all sums are in KRW ( 1 USD is 1121 KRW) so everybody can see how investing $50 millions in Republia tech part is just a big lie( 50 millions of KRW is much more likely) : https://www.google.com/search?q=KOSDAQ:038160&tbm=fin#scso=_yzY1XK-BBIa2kwXl54zIBw2:0&wptab=OVERVIEW  You do not have brains or can not think? What kind of lie do I trade? I lie, that I participate in the company of the bounty, or are you lying now, that I am trading false? What proof do you have of my lie? Perhaps my subtle humor failed when I wrote a message (note that I did not write to you, but to that troll), so I don’t know English well. But I wrote intentionally that this troll would not make himself a saint. And now you work as a troll instead? To continue to troll my messages? It doesn't even surprise me. You all climb out of the ground. You certainly know enough English to shill Republia when it suits you. Plus you are wearing the "Republia ambassador tag" in your profile and the Republia signature. Adding all these facts together, coupled with you trying to bury all the posts about the scammy nature of Republia, plus your own written admission that you are now somehow trying to pass off as an attempt to troll, i'd say, the chances that you are indeed a paid shill are very high. So please spare me your drivel. |
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Now their censored thread shows: This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (4 posts by 4 users deleted.)So 4 users have had 4 posts deleted since the system to display deleted posts was implemented and at 20 - 30 posts before that must have been removed. They have deleted my posts also. Cards still dont work. No whitepaper just nothing from them for over a year. Safe to say they will exit scam as soon as Instabuy is empty. I am not sure about the exit plan yet. They still have maybe between 10 and 30 cards they sent out. The cards are useless, worthless and without doubt they are trying to buy time for Borys and his inner circle scammer alliance consisting of Temhuk and Racquemis1 along with paid trolls such as Jedgar, yurez83, akira128 and a few others. Their "instabuy" is one way to make more money. Much of that money was diverted to Republia and of course was used to help fight the Court cases that Borys have been involved with regarding tax evasion and fraud. They have not elaborated why they sent the third party cards out after claiming they were "tested" and "fully working" but it seems none of the cards are working: https://bitcointalk.org/index.php?topic=5090539.msg49363486#msg49363486Furthermore they claim they are still testing... it is so pathetic  There are a lot of chances that Minexpay/Chain2pays Upaycard payment cards will never work as they should or wont work at all and not just that it is illegal scheme where Minexpay/Chain2pay is using UAB KRISTOLINIS DUGNAS account on Upaycard. Problem is much deeper. Upaycard owner, company Moorwand Ltd, had a bank account and did all bank business via small Danish bank Kobenhavns Andelskasse. This bank started to have serious problems in March/April 2018 due to illiquidity so Danish state had to intervene.Danish state financial agency, Finansiel Stabilitet took control over bank Kobenhavns Andelskasse at 13th Septemeber 2018.They found that bank has almost no assets ,so it has to go in bankruptcy process, where all depositors can get only 100.000 Euros per account,as a state guarantee measure. At the same time ,users of Upaycard services started to report serious problems with money withdrawals in all forms. Upaycard started to stall,making all possible excuses,especially demanding already verified customers to give them a whole bunch of additional documents and when customers did it, they decilned them due to any possible reason,playing back and forth game with customers.You can find a lot of serious compaints about it on Sitejabber Upaycard review(plus few obvious positive bot posts). Another serious problem is that Upaycard provides services to unregulated Forex and binary option brokers which scammed a lot of users,so users demanded from UK regulatory agency FCA to shutdown Moorwand ltd, Upaycard owner. https://beta.companieshouse.gov.uk/company/08491211 - Moorwand ltd ,owner of Upaycard register data https://www.forexpeacearmy.com/community/threads/algotechs-and-bealgo-withdrawal-issues.58437/page-2 - Upaycard Andelkasse bank account number https://www.sitejabber.com/reviews/upaycard.com#reviews - Site Jabber Upaycard reviews https://kbh-andelskasse.dk/finansiel-stabilitet-initiates-measures-to-resolve-koebenhavns-andelskasse-control/ - Kobenhavns Andelskasse bank document about taking control of bank by Danish financial state agency    |
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It is good first step to prevent scammers from total abusing self moderated threads. Making a clearly visible link for a log of deleted posts will be even better. |
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bump because they are still active.
Yes they are.After locking Russian thread they are now in full cenzorship mode.Total blackout. There were not so much opposition to them on the russian thread,but nevertheless they put it in self-moderated (censored) mode. Mine opinion is they do it in advance,because they are expecting things to go bad soon. Cards have not been activated yet,partly because it is very complicated to make functional ,close to realtime web wallet platform,when you have so many artificially intermediaries in the process and partly because they are aware that after activation, clock is start ticking against them until eventually they would be discovered and cards cancelled so they want to launch as many as possible cards at once which will give them more time to milk this cash cow before the bitter end. |
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Latest news about Paul Vernon aka Bao Luo. His company in China has been liquidated by voluntary dissolution a year ago.This is info from official Chinese company register:  Nice find, thunderjet. BTW, I miss you, bud. From time to time, Iam checking can I find something more about Vernon and his present status. Hope you are OK. Good luck with your project! |
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Latest news about Paul Vernon aka Bao Luo. His company in China has been liquidated by voluntary dissolution a year ago.This is info from official Chinese company register: |
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The lying OP of that thread (naska21) said you "apologised and your apology was accepted" therefore the thread was locked.
I think he must be heavily involved in the Minexsystem/Minexcoin/Minexpay scam and probably suffered huge losses like his best friend temhuk who mortgaged his property to get money to put in to Minex, therefore he just wanted to create some problems for those of us that are trying to expose these evil scammers at Minex.
He wasn't lying about the appology: https://bitcointalk.org/index.php?topic=5088688.msg49017539#msg49017539Which was the right thing by mr.pacy.mf to do. He clarified what he meant and apologized for the misunderstanding. But I suspect the thread was closed because it was causing scrutiny for the project. It is the typical story. People think they can complain in META and that their story will be accepted without investigation. Often when people post in META with a complaint there is an ulterior motive and stuff they haven't disclosed. I believe that the old thread was closed down because @thunderjet did an awesome work exposing Boris Shulyajev's other businesses and how they are failing. Tax evasion, court cases against boris companies for not delivering on paid work ( suprise suprise ). Demolition man became a blockchain entrepeneur. What a joke. I have obtained more informations about Boris construction companies which will shed some more light on the question why Boris is almost always choosing path of making shady partnerships with some obscure guys, which leading in more or less serious illegal doings against the law. Two of Boris companies in Ukraine, one construction and one demoliton, were involved in 30 lawsuits - FC BUD in 23 lawsuits( 7 as plantiff and 15 as defendant, 1 is unclear) and Domostroy-7 in 7 as defendant. All lawsuits agains FC BUD are conducting on Business court due to some breaking of contracts, not paying for equipment ,etc.. Also,there are 7 lawsuits against his company Domostroy-7, all criminal, one for participating in the tax evasion ring of 23 companies(already published) and one for running fictitious company(on the bottom of picture below ) . Unfortunately, didnt succeed to find more informations for other 5 criminal lawsuits. These are info and links( use Google Translator for English or some other language translation ): https://vkursi.pro/card/36529767 - FC BUD company data https://vkursi.pro/card/39486496 - Domostroy 7 company data  Behaviour has been seen in running Minex,especialy dealing with payment card program(false contract with CSOB bank , picking Novarise Secrecy scammer as card program manager and UAB Kristolinis Dugnas as false company for Upaycard cards), is not nothing unusual,but unfortunately part of Boris business practice. Additional news - Minex has been locked its thread on Russian at Bitcointalk. On that thread they had almost complete dominance,but they decided to lock it too. Instead they opened new, self-moderated thread.
Theirs rapidly increasing intolerance to the slightest opposition is a very bad sign and based on different scams from the past, Minex project is accelerating into the full scam phase.https://bitcointalk.org/index.php?topic=1849692.15760 - Minex thread on Russian(picture below is translated to English via Google translator)  |
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Second, cards can be issued only to employees,affiliates and clients from EEA zone Upay business card can be issue worldwide only personal card is available to EEA country Not true. Both , personal and business card are only for residents of EEA zone.  Prepaid card link to E-wallet,available in EEA country What if i dont want to link the prepaid card to Ewallet? Then ,you cant use the card. All money comes first to e-wallet ,than you can transfer further to the card, bankwire, another user.... You will never get access to yours e-wallet on Upaycard( exactly your sub-account) ,because then you will be able to sell yours cryptos directly and avoid all additional "special" Minex web wallet exchange rates and fees. Such thing Boris will never allow. What i really want to point out is that the E-wallet is opional for business card,you can design your wallet and provide the card worldwide.... They way i understood it but you can ask upay support for further info. And part of the feature of business card you can have your own card design E-wallet is not optional, it is necessity. You cant avoid it ,because it is central part of Upaycard system. All you can do is to put that all money you receive goes automatically on your card. But you cant do that,because Boris is controlling your sub-account on Upaycard and as I said before, he will never allow you access to it ,because you will be in position to avoid his Minexpay wallet ,additional fees and bad exchange rates. E-wallet options are Upaycard options and you cant avoid its limitations. Upaycard has license from Mastercard only for EEA zone and you cant change that or avoid it legally. Boris falsified documents of customers out of EEA,but there is price for that illegal doing, plus he didnt achieve nothing with it ,because Mastercard and Visa are monitoring location of card using too. Not only cards will be cancelled ,but he will be reported to government authorities. Using UAB KRISTOLINIS DUGNAS account wont shield him,because there are already too much proofs that he is real user of UAB KD account. No, you cant change design of business card,because every design change needs approval from Mastercard and separate agreement with card manufacturer.Not at one card issuer,including Upaycard wants do it for a single customer.Also you cant get your logo on card if you are not card issuer. Sometimes card issuer gets approval to issue cards in different colours,but design remains same. |
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Second, cards can be issued only to employees,affiliates and clients from EEA zone Upay business card can be issue worldwide only personal card is available to EEA country Not true. Both , personal and business card are only for residents of EEA zone. Prepaid card link to E-wallet,available in EEA country What if i dont want to link the prepaid card to Ewallet? Then ,you cant use the card. All money comes first to e-wallet ,than you can transfer further to the card, bankwire, another user.... You will never get access to yours e-wallet on Upaycard( exactly your sub-account) ,because then you will be able to sell yours cryptos directly and avoid all additional "special" Minex web wallet exchange rates and fees. Such thing Boris will never allow. |
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Second, cards can be issued only to employees,affiliates and clients from EEA zone Upay business card can be issue worldwide only personal card is available to EEA country Not true. Both , personal and business card are only for residents of EEA zone. |
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I check upay business card features and i found this @thurderjet do you know what it means?
PAYROLL OPTION
The low cost, convenient way to pay employees, affiliates and clients through our state-of-the art payroll feature.
Does that mean business card can be issue to client?
Sure, business card can be issued to your clients,but Minexpay users are not clients,but customers. Clients are definition for company business partners.(example - company wants to pay its lawyer for his services) Second, cards can be issued only to employees,affiliates and clients from EEA zone,but Minexpay users are customers and vast majority of them is out of EEA zone, plus Minexpay are illegaly using UAB KRISTOLINIS DUGNAS account on Upaycard, which is not violation of Upaycard and Mastercard rules and regulations, but serious violation of AML laws. Dont forget, Minexpay could not give Upaycard to his customers other than to falsify that they are UAB KD employees and even more serious,Minexpay falsified place of residence for customers which are not from EEA zone. Such violation will lead to immediate cancellation of cards and sending informations to appropriate governement authorities due to Upaycard Terms of Service:  |
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These UAB KRISTOLINIS DUGNAS cards have so much intermediaries that there is no doubt that users will be charged with substantial fees and bad exchange rates.
In case of BTC conversion there are 3 intermediaries : Upaycard - UAB KRISTOLINIS DUGNAS - Chain2pay, instead of one - Upaycard. Also due to illegal nature of Chain2pay using of UAB KD account on Upaycard,Iam sure that Boris will have to pay to the owner of the UAB KD fee far larger than if this is a legal business cooperation.
In case of MNX conversion there are 4 intermediaries: Upaycard standard fees - UAB KRISTOLINIS DUGNAS - EXMO - Chain2Pay
One more finding. Report from official Lithuanian company register shows how UAB KD company didnt report any revenue during last 12 months.Also UAB KD has no employees ,other than director Sarunas Badauskas. It means that Minexpay users of Upaycard were not presented as UAB KD employees in a legal way - reported to lithuanian authorities ,but completely illegal. UAB KD didnt give them false documents about place of residence in EEA zone, it just gave Minexpay/Chain2pay its account on Upaycard. So,providing falsfied documents about place of residence for customers out of EEA( vast majority of Chain2pay users ), without them users will be not be able to get Upaycards, was solely work of Minexpay/Chain2pay. No doubt, it needed a lot of Photoshop work,so that verification process lasted way longer than usual.
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@thunderjet
I think something else is happening here.
Borys is probably not opening EXMO or other exchange accounts usng the KYC ID he received. I think he will be using those IDs for future fraud which might or might not be related to crypto.
About what he is doing now, it is a case of customer wanting Upaycard topped up and Minex is playing the middle man role.
Customers will not be able to login at Upaycard to view transactions because Borys wants them to stay bound to Minexpay. The ordered cards from Upaycard and kept the logins for themselves then took the cards out of the packaging and then sent them off to Minex customers.
All transcations would also appear on Upaycard website if customer could login but Borys is making there a case for Minexpay to exist (after getting no licence from VISA or Mastercard) and this was the only way he could do it.
You are right that Minexpay( Chain2pay) is unwanted middle man between Upaycard and the customers. Customers will not have access to theirs accounts on Upaycard,because everything is going over Minexpay,which put Boris in superior position to drain more money through his special fees and minimal required balance in MNX coins. I dont know for what in future he can use customers IDs,but I know that for selling MNX coins and topping cards with EUR, he has to use EXMO exchange.There is no other way to do it. EXMO requires selfie with payment card if you want to withdraw money via card. Boris cards are non-branded, he is using illegaly UAB KD account on Upaycard and that is why he cant open corporate account on EXMO , sell MNX for EUR and topping customers cards directly. He is using customer IDs and selfies with payment card without theirs permission to open individual accounts(under his full control) on EXMO with enabled option of money withdrawal via cards.This is major violation of AML regulations and customers rights. He can sell the MNX through instabuy and convert the BTC to EUR very easy Wrong. When dealing with cards he has to convert MNX to EUR and send money to card almost instantaneuosly and he cant do it through InstaBuy. InstaBuy is not real exchange with Buy/Sell orders where you can sell MNX whenever you wants - you have to wait on a buyer who knows how long and such approach is not usable for funding payment cards. That is why Boris use EXMO and demands from customers to make a selfie with a card. He is making individual accounts on EXMO without customers knowledge,use these accounts and has full control of them ,because EXMO is only exchange where you can sell MNX for EURO immediately and withdraw money to your card. But to make withdraw to the card,EXMO demands to send them selfie with yours card. After his illegal using third company account on Upaycard,such behaviour is not suprise any more. I think you forgot how the service will work. Minex web wallet will act as exchange coverting crypto to fiat and these fiat sent to prepaid card issue by minexpay or whatever company. Current btc obtain through instabuy will be converted to fiat and deposited in chain2pay fiat account in a bank which act as buffer for this service, so it will be instant that way when you convert your mnx in minexpay web wallet to EUR,which is sent to your card and then spend. These MNX spent in minexwallet go to instabuy wallet and will be placed on instabuy and sold for btc,then the btc sold in EUR due to high liquidity and the buffer will be kept constant and increase as demand increases So boris doesn't need EXOM for the card to work Yes, Boris needs EXMO exchange for MNX selling. Minex web-wallet is useless in this story, one not needed intermediary.It is just a way to get more money from additional fees, not existing for others Upaycard holders. Why is Minex web wallet useless - you have Upaycard,not Minex branded card. Boris is illegally using UAB KRISTOLINIS DUGNAS( UAB KD) account on Upaycard. Only way to fund cards is that Minex sell BTCs on Upaycard , change them for EUR ,then send them from its Upaycard account to customers sub-accounts linked to individual cards. This operation has to be done fast, so Boris needs to have BTCs reserve on Upaycard account of UAB KD. So,when you send BTC to Minex web wallet , Boris is selling BTCs from his reserve on Upaycard, funding your card with money and taking additional fees as artificial intermediary between you and Upaycard. In fact Minex web wallet is here just to mimick payment service on exchanges - in fact all sells will be done on other places. For BTCs on Upaycard, for MNX on EXMO. Minex web wallet cant fund your Upaycard directly. To fund cards directly you need to be payment service with bank license or at least issuer of branded cards linked to licensed payment service. Minex is not payment service or card issuer and cant fund cards of another issuer directly ( that is one of major reasons why other issuers of crypto related cards worked so hard to get license from Mastercard or Visa to be branded issuers) Minex does not know number of bank account linked to Upaycards - only Upaycard knows that.And even if they know,Minex could send directly money to these account only through bankwire service, so customer will have to wait days for his card funding. When we are talking about converting MNX for EUR,Boris cant use Upaycard to do that,because Upaycard does not offer selling MNX for fiat. He has to find a way around and because he cant funds cards directly he founded another intermediary - EXMO who offers selling MNX for fiat and withdrawal to cards, but you have to verife your card by sending selfie with it - that is why Boris wants selfie with card,because Upaycard does not requests it from theirs users. So Boris will open individual accounts on EXMO with your IDs,send them yours selfie with card to enable withdrawal option via card. Minex web wallet will just mimick exchange in this case like it is for BTCs,while all process will be done on EXMO. As I said earlier ,Instabuy is useless in this case , because it works more like shop - it needs to wait for customer willing to change BTCs for MNX and no one wants to wait for hours or days for his card funding. MNX is only sending fiat(EUR) to the card no cryto at all,the conversation from cryto to fiat is done in minex web wallet and by chain2pay. If you wire money to upay card it is free I have never said that Minex is sending crypto to cards.No one can do it for now. Conversion from crypto to fiat is doing in reality on Upaycard for BTCs and on EXMO for MNX. Minex web wallet just mimicking process of conversion - it is connected with Minex Upaycard and EXMO accounts ,giving you Upaycard and EXMO conversion rates increased for Minex extra fees. I dont know where you heard that ,but bankwire service is not free. Maybe you mixed up with sending money from one Upaycard account to another. |
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