I want to send my BTC for converting cash which will be used for Mastercard moneysend. Crypto card companies usually agree to do such business. What about your service?
For now, you can't deposit BTC and convert them to EUR. You can only deposit ETH & BTC and use them against your visa card. We are working on enabling this service and it should be ready over the summer. Moneyspend should work I tried several times but the link on the site doesn't work. Almost all new projects talk about first global crypto debit cards but none of them delivers the cards Asia or US beside Europe. Moneyspend or Mastercard moneysend?? Hi, The app is only available in the Eurozone at the moment, meaning countries that have the EURO has their main currency Any app that accepts VISA should accept 2gether VISA Card |
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I want to send my BTC for converting cash which will be used for Mastercard moneysend. Crypto card companies usually agree to do such business. What about your service?
For now, you can't deposit BTC and convert them to EUR. You can only deposit ETH & BTC and use them against your visa card. We are working on enabling this service and it should be ready over the summer. Moneyspend should work |
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The news is encouraging, but one thing is missing.
There's no report on the total revenue generated from your apps/cards? People need to know if they are investing in a profitable company.
The malta VFA approval means? only for exchange listing? or you can finally offer cards outside euro zone?
On page 9 of our tokenomics paper https://www.2gether.global/images/docs/tokenomics_v01.pdf, you can see the predicted revenue for 2019. As you can see this assume a number of active users of 197k. I would stress out that revenue is not the priority of any startup at this stage, growth and Product development is the priority, at the moment it's about improving our product! Indeed, Bugs could be exponentially costly with the number of users. Malta VFA approval means that our token will be fully regulated by a European country and this would be a gamechanger compare to all our competitors out there. It has many advantages but the most important one is that it will protect retail consumers. It will also remove incertitude around the business strategy of 2gether, which rely heavily on our utility token the 2GT. On top of this, the VFA regulation will help us reach stronger agreements with companies that might not have wanted to be associated with an unregulated token. Being VFA approve means that we can advance with confidence 2GETHER.  Bottom line we are on track to make 2gether successful, a lot will be happening in the next few months! I hope this clarifies your questions |
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hi,
is there any update on when the 2GT token will b issue? this is a good moment to release the token since the market seems to be bullish, will it be possible to speed up this release?
thank you,
as mention previously the 2GT can only be issue when we are VFA approved, which is probably 2/3 months down the road |
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concerning to buying and selling cryptos, I would like to know if you 2gether are going to inform Spanish Authorities in matter of taxes. I mean if no, we all should write it down each and every crypto operation in order to be able to declare gain/loss at the end of the economical year in the well known spanish IRPF.
If you are using the profit to buy something with the card then you don't need to report to the Spanish TAX authority. On the other hand, if you are cashing out EURO via ATM, you are depositing EURO to your bank account or you buy and sell crypto you should report it. I another word if you use crypto like you could use Dollar then you don't need to report it Well.. I do not agree. Imagine you buy 10 eur in BTC, you store them in your wallet and after one week you use them to buy a 11 eur thing paying with the card because BTC value has risen. So you have gotten 10% profit, so you have to pay taxes for that, in the case of Spain, 19% so 0.19€. Am I wrong? Tu summarizes the answer we got from a Spanish specialist: - According to a European Union Court of Justice (ECJ) ruling in 2015, bitcoin (hence any cryptocurrency) is considered as any other means of payment
- As such, capital gains tax only applies when you sell your crypto back to euros. In that case, it should be treated as any currency / forex investment
- Hence, if you spend your crypto from your card, no taxes would apply. It is like if I buy pounds today, I wait 6 months and then I go to the UK and spend them. It doesn´t matter if the price of the pound has doubled, I don´t pay any tax.
Of course, each country is sovereign and could have local rulings or even laws that could differ from this, but this is the general rule that we can share with the clients. |
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I am using 2gether card and I am found some differences from my old "real" bank card, I can't change pin code and when I take money from ATM I can't check card balance.
you should be able to see your card balances in your app, since they are several balances in crypto it's impossible to have it on the ATM. we are working on enabling the PIN change on ATM in Europe but it will take time, for now, this function only work in Spain! This is in the hand of VISA and our card provider not us |
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concerning to buying and selling cryptos, I would like to know if you 2gether are going to inform Spanish Authorities in matter of taxes. I mean if no, we all should write it down each and every crypto operation in order to be able to declare gain/loss at the end of the economical year in the well known spanish IRPF.
If you are using the profit to buy something with the card then you don't need to report to the Spanish TAX authority. On the other hand, if you are cashing out EURO via ATM, you are depositing EURO to your bank account or you buy and sell crypto you should report it. I another word if you use crypto like you could use Dollar then you don't need to report it |
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Hi,
if I do a transaction now with the 2gether card, will I receive cashback in form of 2GB tokens?
thank you
Hi, No, for now, you will not receive cashback for using the card! |
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The Maltese regulator, MFSA, has created a test of financial instruments that helps classify tokens in three key categories:
Utility Token Usually considered a virtual token
Security token It is usually captured under MiFID II and the Local Investment Services Law, and is therefore considered a financial instrument.
Virtual financial asset (VFA). Tokens that can not be considered or electronic money, virtual tokens or security tokens.
if 2GT is about coverting in a VFA. My question if there is currently any token that is treated like this or 2Gether will be the first one.
There are already other VFA approved tokens afaik, Axpire announced they became one not long ago It's impossible, Malta has not approved any initial offering of virtual financial assets (IVFAO), yet! the announcement is ambiguous stating "we’re excited to share the fact that the AXPR token has been deemed by a well respected and in dependent Maltese law firm to be a ‘Virtual Financial Asset’" https://medium.com/@aXpire/axpr-achieves-vfa-status-in-malta-ef6129a1dc86I'm guessing the law firm said they passed the test to be a VFA according to the Maltese Virtual Instrument test. We also pass the test according to our lawyer! But this doesn't make us a full IVFAO nor AXPR... I hope this clarifies it! |
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Hi guys, I think and many people could agree that the most willing features to be implemented would be the following:
1. to be able to send cryptos from external wallet to the app. Not only btc and eth.
2. to be able to move any crypto from investment to wallet and in the other way. (maybe fusioning both thing? only one wallet where cryptos are stored when you buy them and same for payments with the card)
3. possibility to withdraw euros in ATMs from any crypto in the app wallet (or crypto investment accounts)
regards!
We are working on all of this, every 3 weeks we update the app. Next update is on the 27th of May |
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Hi,
I know that this question was already done several times, but is there any update that you can provide on when the 2GB token will be released?
Hi, as mentioned before the 2GB will be converted 1:1 against the 2GT once we are fully VFA approved, which could take several months |
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How many people do you have in your team and how experienced are they?
we have around 30 people working full time at 2gether you can check the experience of the team on our website https://www.2gether.global/about.html |
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According to your tokenomics, the circulation of all 2.4 billion 2GT tokens will be reached only closer to 2030 year?
yes this is correct |
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Can I transfer btc amount to someone using 2gether? What about fees for transactions and convertion to euro or some crypto assets? I think it is important information
there are only network fees when sending crypto to other users. As stated on our website there are zero fees for buying and selling crypto |
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Dear 2Gether,
thanks for your services.
I got the card 2 weeks ago and activated it.
But if i try to use my card on the ATM, it says card is not valid.
It is useless for me to use a card, if the atm says it is invalid and withdrawals are not possible.
Please get in contact with me also i am waiting for response to my support ticket a few days.
For the moment i am not happy about the service.
Kind regards.
Hi, We got your message please wait for the support team to reply to you. thanks |
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1)Bank aggregator
2)Personal Finance Manager
3)FLAP financial bot
4)My future: Observe a day-by-day prediction of your liquidity one year in advance, leveraging Big Data, Artificial Intelligence, and Machine Learning.
The list of products that you offer looks interesting. But all of them are still limited in use in non-eurozone countries. What does it mean bank aggregator ? Isn’t it the same as personal financial manager? page 18 of the whitepaper https://www.2gether.global/images/docs/whitepaper.pdfBank aggregator & Personal Finance Manager 1) Aggregate all bank accounts, access all transactions and categorize income, expenses, etc. 2) Link the “My future” functionality and the Contextual Marketplace to the bank aggregator, and incorporate Artificial Intelligence and Machine Learning functionalities to augment the users’ financial experience 3) Operate all the accounts from a single application, thanks to the implementation of PSD2 4) Access all the information and trigger transactions of third banks from the 2gether interface |
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What are your potential customers? Only crypto oriented guys or even ordinary people ? You know, you should something more besides deposit with crypto, because in this case your audience is too small
I invite you to read our whitepaper, you will see that we have lots of products for mainstream users. Among them: 1)Bank aggregator 2)Personal Finance Manager 3)FLAP financial bot 4)My future: Observe a day-by-day prediction of your liquidity one year in advance, leveraging Big Data, Artificial Intelligence, and Machine Learning we are also working on others that we will announce in the future https://www.2gether.global/images/docs/whitepaper.pdf |
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Are you going to be presented on american, latin and asian market? I believe that european product should be something more and people from all over the world will use your product
Hi, yes in due time we will open more markets tks, |
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