kangasbros
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December 06, 2012, 06:03:23 PM |
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I will register as soon as you get the debit card
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grondilu
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Merit: 1080
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December 06, 2012, 06:05:32 PM |
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Wow. Big news indeed.
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Luke-Jr
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December 06, 2012, 06:10:04 PM |
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I will register as soon as you get the debit card Actually, a real Bitcoin debit card (not the prepaid credit card that BitInstant calls a debit card...) would be awesome. That is, balance is always in Bitcoins; deposit cash at an ATM to "buy" bitcoins automatically, or withdraw/spend it to "sell". Davout, the site mentions a lack of fees to deposit MtGox codes, but I don't see any way to actually do it?
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davout (OP)
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1davout
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December 06, 2012, 06:14:16 PM |
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I will register as soon as you get the debit card Actually, a real Bitcoin debit card (not the prepaid credit card that BitInstant calls a debit card...) would be awesome. That is, balance is always in Bitcoins; deposit cash at an ATM to "buy" bitcoins automatically, or withdraw/spend it to "sell". Davout, the site mentions a lack of fees to deposit MtGox codes, but I don't see any way to actually do it? We're going towards a dual debit card, with EUR and BTC balances spendable. Depositing MtGox codes is on our roadmap, (it's also technically developed) but we haven't rolled it out yet. We need to figure out the proper way to accept them without relying too much on MtGox. We would be in deep sh*t if we were holding a massive balance at MtGox and it suddenly went under. We will do it, but we will do it the right way, probably something along the lines of "Paymium takes the risk of a MtGox default by actually buying your code for EUR/USD when you deposit it". You see the problem ?
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dserrano5
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December 06, 2012, 06:15:59 PM |
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Nothing else comes to mind than : "Thank you guys!"
No, thank you. This is biggest news of the year!
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Bitexchange
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December 06, 2012, 06:16:38 PM |
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Dont get me wrong, i think this is good news, considering it will make you more 'legal'. But then im still sceptical, as you said, you have to learn alot about that P2P business and your provider has to learn about bitcoins, it will be interessting to see how that works out. For example, i would expect ALOT of fraud going on from your 'customers' once you do IBAN accounts with just ID scans, noone else offers this, and especially not in combination with a no-chargeback currency. People will abuse your service like crazy to get bitcoins from ebay scams etc. Maybe you got KYC policies in place to prevent that, but then i would openly write about it and not just say 'a normal ID will be enough to get verified'. Because thats how MtGox does it, not ask for ID at all but they could at any moment require notarized passports etc which some people cant get or dont want to send to them. If you are planing to do it in a similar way then i bet we get alot of angry threads after the initital hype
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BitcoinSuite
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December 06, 2012, 06:33:54 PM |
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This is the most significant development in the btc world since it's inception. Making headlines!
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davout (OP)
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1davout
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December 06, 2012, 06:34:39 PM |
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People will abuse your service like crazy to get bitcoins from ebay scams etc.
Abuse will happen, our job will be to adapt. Policies are never set in stone and need to adapt to the evolution of threats. Maybe you got KYC policies in place to prevent that, but then i would openly write about it and not just say 'a normal ID will be enough to get verified'.
Requiring an ID is already a KYC policy. Because thats how MtGox does it, not ask for ID at all but they could at any moment require notarized passports etc which some people cant get or dont want to send to them. If you are planing to do it in a similar way then i bet we get alot of angry threads after the initital hype As per our ToS we may require additionnal documentation from users if the need arises. It is never nice to be in the position of having to submit additional documentation but it can happen. Promising never to do it would be a lie. We can not promise that. What we can promise is that we'll do our f**ing best for everyone to have to most pleasant experience possible. Maybe one day we won't be needed anymore, maybe one day fiat will belong in museums. Maybe one day these regulations will be gone. But that's something that we can only collectively make happen. And I feel that, today, we made a step in the right direction.
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BitcoinSuite
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December 06, 2012, 06:37:07 PM |
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For example, i would expect ALOT of fraud going on from your 'customers' once you do IBAN accounts with just ID
These guys are running a BANK. I am sure they can figure it out.
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davout (OP)
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1davout
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December 06, 2012, 06:39:43 PM |
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For example, i would expect ALOT of fraud going on from your 'customers' once you do IBAN accounts with just ID
These guys are running a BANK. I am sure they can figure it out. To be precise we partnered with a licensed PSP in such a way that we are allowed to do most of what banks do.
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Bitexchange
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December 06, 2012, 06:42:39 PM |
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... Maybe one day we won't be needed anymore, maybe one day fiat will belong in museums. Maybe one day these regulations will be gone. But that's something that we can only collectively make happen. And I feel that, today, we made a step in the right direction.
Agreed! For example, i would expect ALOT of fraud going on from your 'customers' once you do IBAN accounts with just ID
These guys are running a BANK. I am sure they can figure it out. They have partnered with a PSP, which isnt exactly 'running a bank', but i still wish them luck, they will need it in any case.
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AndrewBUD
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December 06, 2012, 06:43:47 PM |
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Great job
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| 365 | TM | | | | EZ365 is a digital ecosystem that combines the best aspects of online gaming, cryptocurrency trading and blockchain education. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | | ..WHITEPAPER.. ..INVESTOR PITCH..
| | | | .'M████▀▀██ ██ W█Ws'V██ ██▄▄███▀▀█ i█████m.~M████▀▀██ ███ d███████Ws'V██ ██████ ****M██████m.~███f~~__mW█ ██▀▀▀████████= Y██▀▀██W ,gm███████ g█████▄▄▄██ █A~`_WW Y█ ██!,████████ g▀▀▀███ ████▀▀`_m████i!████P W███ ██ _███▄▄▄██▀▀▀███Af`_m███ █W ███A ]███ ██ __ ~~~▀▀▀▀▄▄▄█*f_m██████ ██i!██!i███████ Y█████▄▄▄▄__. i██▀▀▀██████████ █!,██████ 8█ █▀▀█████.!██ ██████████i! █████ '█ █ █ █W M█▄▄▄██████ ██ !██ !███▄▄█ ██i'██████████ ██ Y███████████.]██████████████ █ ███████b ███ ██████ Y █ █▀▀█i!██ ████ V███ █ █W Y█████ ~~▀███▄▄▄█['███ ~~*██ | | Play | | | | │ │ ███ │ ███ │ ███ │ │ ███ ███ │ ███ ███ ███ ███ │ ███ ███ ███ ███ ███ ███ ███ ███ ███ │ │ ███ ███ │ │ │ │ │ | | Trade | | | | __▄▄████▄▄ __▄▄███████████████▄▄▄ _▄▄█████████▀▀~`,▄████████████▄▄▄ ~▀▀████▀▀~`,_▄▄███████████████▀▀▀ d█~ =▀███████████████▀▀ ]█! m▄▄ '~▀▀▀████▀▀~~ ,_▄▄ ,W█. *████▄▄__ ' __▄▄█████ !██P █████████████████████ W█. - ██████████████████▀ i██[ ~ ▀▀█████████▀▀▀ g███! Y███ | | Learn |
[/tabl
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BitcoinSuite
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December 06, 2012, 06:46:42 PM |
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For example, i would expect ALOT of fraud going on from your 'customers' once you do IBAN accounts with just ID
These guys are running a BANK. I am sure they can figure it out. To be precise we partnered with a licensed PSP in such a way that we are allowed to do most of what banks do. The whole fact that such negotiations are underway is mind blowing step forward for the currency, no need to play it down! Thank you for the clarification though, not too familiar with French banking regulation:)
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2weiX
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this space intentionally left blank
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December 06, 2012, 06:50:17 PM |
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I'd love for my lawyer to get with your lawyers to let my lawyer copycat whateverthehell it was that got you that status.
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Gerco
Member
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Activity: 73
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December 06, 2012, 06:51:45 PM |
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This is awesome! Too bad there isn't much USD business going on yet, but that will likely change over time. All we need now is a cheap way of getting BTC here in the US (way too high fees on everything that I know of) and I won't have to carry cash across borders to avoid extortionary bank wire fees!
Seriously, charging a combined total of $60-$80 for transferring some money to Europe (about half of that in US, the other half in EU)?!?!?!
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OTC: gercod | Tip jar: 1KNxsZNsGf8RXbnjtiJN84kYVejSeK4bD8 | GPG Key: 8DA261EC572065FD
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Elwar
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Viva Ut Vivas
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December 06, 2012, 07:07:39 PM |
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AWESOME!!!
so...um, what does this mean?
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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MPOE-PR
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December 06, 2012, 07:08:52 PM |
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Dont get me wrong, i think this is good news, considering it will make you more 'legal'. But then im still sceptical, as you said, you have to learn alot about that P2P business and your provider has to learn about bitcoins, it will be interessting to see how that works out. For example, i would expect ALOT of fraud going on from your 'customers' once you do IBAN accounts with just ID scans, noone else offers this, and especially not in combination with a no-chargeback currency. People will abuse your service like crazy to get bitcoins from ebay scams etc. Maybe you got KYC policies in place to prevent that, but then i would openly write about it and not just say 'a normal ID will be enough to get verified'. Because thats how MtGox does it, not ask for ID at all but they could at any moment require notarized passports etc which some people cant get or dont want to send to them. If you are planing to do it in a similar way then i bet we get alot of angry threads after the initital hype Obviously every great leap forward has the potential to encounter a wall with steel spikes on it.
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MoonShadow
Legendary
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Activity: 1708
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December 06, 2012, 07:17:38 PM |
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I give it two months before there are real problems between Paysius and their fiat banking partners. It won't be their fault, of course, but this will not last.
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"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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Bitexchange
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December 06, 2012, 07:25:08 PM |
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I give it two months before there are real problems between Paysius and their fiat banking partners. It won't be their fault, of course, but this will not last.
I feel the same, it wont last. They will have to make a damn good job to proove us wrong.
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genuise
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December 06, 2012, 07:28:02 PM |
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Will it be possible for a US citizen to open an account and use direct deposit to buy bitcoins?
Congratulations. Sounds amazing. To use the services mentioned, debit card etc, do I have to live in the EU, or France, or is it available to everyone?
We won't have limitations regarding the citizenship of our clients. Does it mean the non EU citizens can open an account? I am from Ukraine.
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