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Eterbank is not in the hardware business, one of the advantages over regular Point-of-Sale's is that additional hardware is not needed, since EterPOS can be downloaded to any smartphone or tablet.
Once a business downloads the EterPOS app and registers as a business with the necessary verification they can start accepting crypto easily through their tablet or smartphone, once again even though they can now accept crypto their are fully paid in FIAT as if they were using a traditional payment processing service.
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I do not really understand the idea of the project, in pizzeriai it will be necessary to purchase POS terminals with the software of this project?
Did you read carefully about their first post or whitepaper? You can understand that, this project is for retailer and buyer can make deal more easier via their application. They have 3 production for serving this idea : EterPos - look like payment gate, EterWallet - wallet, of course, EterPay - look like EterBank Shares. Of course I read the first page, but do you think all retailers have a tablet to install a mobile application? Or think the tablets are free? The EterPOS application is free, with no monthly or maintenance fees, it can be downloaded to iOS / Android smartphones or tablets, however we do not provide them. I did not understand what it means that we can download the application to our smartphone, but the developers do not provide them? The apps are free, the tablets are not provided. |
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I do not really understand the idea of the project, in pizzeriai it will be necessary to purchase POS terminals with the software of this project?
Did you read carefully about their first post or whitepaper? You can understand that, this project is for retailer and buyer can make deal more easier via their application. They have 3 production for serving this idea : EterPos - look like payment gate, EterWallet - wallet, of course, EterPay - look like EterBank Shares. Of course I read the first page, but do you think all retailers have a tablet to install a mobile application? Or think the tablets are free? The EterPOS application is free, with no monthly or maintenance fees, it can be downloaded to iOS / Android smartphones or tablets, however we do not provide tablets. |
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I like the idea of getting bonuses when you hold some Eterpay and share from transactions generated in the network if your wallet is verified. But what are the condition for a wallet to be verified?
Simpy by holding EterPay or making purchases with other cryptocurrencies through EterWallet in your favorite retail stores / restaurants / etc, you are entitled to bonuses in the form of discounts on purchases ( paid for by eterbank, from transaction fees)! |
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Hopefully this project will get a lot of participants joining thier bounty campaigns. This project will surely succeed with the help of this members. Bounty is one of the best ways to attract followers to a project. I'm interested in when the campaign of generosity starts and how long will it last? Bounties tend to only invite leeches who don't really care about the project. See the translation campaigns, they're filled with people using goolge translate And i guess this bounty will run for very long time, at least need to 2-3 months to nearly their ICO, i don't know why the team setup ICO time is so lately, but their presale term have so long, maybe this is the reason but ICO start at June is so late, actually. Will the project gain more funds if they start the bounty late? With that the project will really run for long month before they end it. I jist hope that the project will run smoothly. Well, I think the popularity will really base on how active the advertising and how great their marketing. They can increase their popularity if they will give more bonus. Bonus can't increase popularity man it will just make investors question their investments because it will to absurd best the stay maybe around 20% The mentioned bonuses are the result of successful operations in the network, when the network makes revenue from transactions in retail, token holders get bonuses. |
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I have not seen ICO for a long time on the waves, half a year probably did not see, because as a rule the projects have not become successful, but I hope you will succeed.
We are building our system on top of NEM blockchain and therefore for the purposes of the token sale we are using Waves as the most simple solution for both investors and us, this is explained in more detail in the whitepaper. |
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Spend EterPay for everyday goods and services and receive additional bonuses and discounts based on your activity. Bonus will the seller provide?
I don't get you. What bonus will the seller provide? Anyway, I am following this project now and hoping to see big improvements from the developments of this project. I think bonuses will be received by exclusively active users who are taking part in the direct environment of the platform, doing for what she is created, but not just for banal storage of tokens. Storage will provide bonuses, however activity in EterWallet (POS purchases) will provide further bonuses. |
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Spend EterPay for everyday goods and services and receive additional bonuses and discounts based on your activity. Bonus will the seller provide?
I don't get you. What bonus will the seller provide? Anyway, I am following this project now and hoping to see big improvements from the developments of this project. I would like to understand how will this project become effective in retail stores. Does the POS system integrated to another POS that uses mainly fiat? Or ether POS can handle both fiat and crypto payment? There is no need for integration since we handle only Crypto, if a buyer in your stores wishes to pay with FIAT, cards, etc, as a seller you process the payment with your regular POS. On the other hand if he wishes to pay with Cryptocurrency you process the payment through the EterPOS app |
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Spend EterPay for everyday goods and services and receive additional bonuses and discounts based on your activity. Bonus will the seller provide?
Bonuses will be provided be Eterbank, subsidised through its revenue on transactions between Eterwallets and EterPOS' |
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Does EtherBank have any bounty program or airdrop at this time? Or we can own by only buy this token via ICO?
I am also waiting for the team to announce it or if they already have it, or don't have any plan at all to open a bounty campaign. This will surely help to increase popularity. Hello ehrz22! Our bounty campaing can be found here: https://bitcointalk.org/index.php?topic=3249010.0 |
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Italian translation slot is still open
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It seems that any one that open ICO claim to be the first platform that provide a certain service, anyway I don't have problem with project that introduce a business that already done by other companies, but most important is the quality of the project itself and the team behind it, I don't see any advisor in your team.
I believe the same the project is not entirely new there have been projects with similar ideas before, in order to succeed the project will need to introduce great features faster transactions which will make it better than the others and give it an edge. Let's see how people react to the project in the coming days. As a closed system of payments between EterWallet and EterPOS only with Eterbank will the transactions you make with your crypto in retail stores be in real time regardless of individual blockchain network confirmation times, we look forward to updating you on this matter in following posts! |
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It seems that any one that open ICO claim to be the first platform that provide a certain service, anyway I don't have problem with project that introduce a business that already done by other companies, but most important is the quality of the project itself and the team behind it, I don't see any advisor in your team.
Our advisor list will be uploaded to our website as soon as all our contracts with them are signed since we require real involvement from them. It will be updated asap |
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When did the bounty start ?
Registration are OPEN for this bounty campaign and it started on 3rd of April 2018. |
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Will the project really will build a bank as their main office of these platform? I just want to clarify things that I don't really much understand and hopefully my concerns would be answered by the team. Because from what I understand, the platform is all about the usage of crypto where we can actually purchased some goods. The idea is pretty futuristic wherein people doesn't need any fiat money but with the use of this platform, everything will be in instant.
Hello Junralz, Eterbank is the name of the network, its too early to tell wether in the distant future for purposes of vertical integration a banking license will be needed, for the proposed project it is not. Everything else you said is correct, the platform is indeed all about usage of crypto in order to actually purchase goods! |
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So far, as I've read the features and functionality of the project it's very simple. How would that attract many investors? I think you need to add some innovative features for this project to gain more supporters.
Hello richelle87, it must be simple if we wish to see crypto payments in the real world, since unfortunately today there is no efficient solution for paying for groceries, food, drinks, services directly with cryptocurrency, the goal of Eterbank is to make buying coffee, pizza etc with crypto simple, once it is achieved more innovative features will be added, not before. It's really nice to hear about the intentions of your project here in bitcoin community. It will be a good kind of investments in the future but I have doubts on this, because I did not read or here any news about a specific grocery store that accepts crytocurrency. Is it really possible to happen? Yes, this might happen in the near future. with our technology now I think nothing is impossible. But it still needs a lot of efforts and a lot of developments for this to happen in the future. Business adoption itself is not a technological problem in nature, the answer to the questions "will it be possible for a grocery store to accept crypto?" and "will a grocery store accept cryto?" is different because with the first question we are referring to technology that is available today, in the second one we are referring to (on a bigger part) business behaviour that EterBank can influence with EterPOS, how? 1.By enabling business to charge in FIAT and settle in FIAT as usual even if accepting crypto (resolving any technical problems, fluctuation problems, regulation problems for businesses) 2.By having the lowest possible barrier for entry - donwload the app, sign up, no hardware required, no signup cost, no monthly fees |
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So far, as I've read the features and functionality of the project it's very simple. How would that attract many investors? I think you need to add some innovative features for this project to gain more supporters.
Hello richelle87, it must be simple if we wish to see crypto payments in the real world, since unfortunately today there is no efficient solution for paying for groceries, food, drinks, services directly with cryptocurrency, the goal of Eterbank is to make buying coffee, pizza etc with crypto simple, once it is achieved more innovative features will be added, not before. It's really nice to hear about the intentions of your project here in bitcoin community. It will be a good kind of investments in the future but I have doubts on this, because I did not read or here any news about a specific grocery store that accepts crytocurrency. Is it really possible to happen? The Unique Value Proposition for businesses is a means to enable users to spend their cryptocurrency (with EterWallet) with said business (Though a simple app, EterPOS), while dealing a business only in FIAT (no crypto fluctuation, exchange / regulatory problems for the business). EterPOS will be free, with no monthly fees only transaction fees and therefore bringing businesses only added value in case there be demand for crypto payments, therefore any grocery store will have the possibility to download EterPOS, sign up and create a business account and start charging cryptocurrency users and getting paid in FIAT from Eterbank. |
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I understand that the platform is generally a digital wallet wherein we can buy goods but I think the team will be facing challenges convincing some giant and normal stores to accept crypto. The intention is quite good but the problem is there are only limited stores that accepts crypto this is as far as I know.
You are correct not many stores accept crypto, this is exactly where Eterbank's advantages show, namely with EterPOS the stores will charge and settle payments in FIAT , while the wallet user is making payments in crypto. Giants are challenging due to B2B processes, normal stores are easier since all they need to do is sign up and download the app, if a customer wishes to pay with crypto then he can, if even such store has no such customers they lose nothing since the app is free (fees are applied on sales). |
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So far, as I've read the features and functionality of the project it's very simple. How would that attract many investors? I think you need to add some innovative features for this project to gain more supporters.
Hello richelle87, it must be simple if we wish to see crypto payments in the real world, since unfortunately today there is no efficient solution for paying for groceries, food, drinks, services directly with cryptocurrency, the goal of Eterbank is to make buying coffee, pizza etc with crypto simple, once it is achieved more innovative features will be added, not before. |
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