[ANN][PSB] Pesobit, the currency for remittances and international cooperation

[sputnik1]

Now its 2.93479041 BTC
I will probably jump out anytime if it goes below 2.8. before I lose all. Its a sign to dump all, It felt like it will plummet down to 500 sat any moment.

dont talk too much shit man , just dump your holdings now .. if you bought during the ico why worry.. 

An investor has to worry if he hasn't set up a stop loss while the price goes straight down to 2k. Its going to be too late when he realized he just lose more than half of what he suppose to have earned.

if you sold at least half of your holdings at least double to secure your initials ,there's nothing to worry about? besides everybody has the chance to sell almost x30 from ico price last few weeks ago

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[mimicman11]

Now its 2.93479041 BTC
I will probably jump out anytime if it goes below 2.8. before I lose all. Its a sign to dump all, It felt like it will plummet down to 500 sat any moment.

dont talk too much shit man , just dump your holdings now .. if you bought during the ico why worry.. 

An investor has to worry if he hasn't set up a stop loss while the price goes straight down to 2k. Its going to be too late when he realized he just lose more than half of what he suppose to have earned.

if you sold at least half of your holdings at least double to secure your initials ,there's nothing to worry about? besides everybody has the chance to sell almost x30 from ico price last few weeks ago

If you do not trust the potential value of this coin,just dump your holdings.You do have a big profit when you bought it during the ICO,atleast 8x for now..As you can see on the graph,the coin is on the consolidation period.There are many investors accumulating for a cheap price,this is the time to accumulate more for me.

[Fredomago]

well looking on the brighter side if you are an early investor it should be still a good time to dump your coin yo still got good profit from but if you are looking forward and you still believe you will hold for some time and wait for another spike, i think with those development and more to come price is not needed to worry it will bring value after updates happen.

[ManyMen]

somebody sell on 5 btc, it bad someone is trying to lower the price of the coin, prices in 10k Satoshi will not

[Lutzow]

We're just getting closer to our goal of having Pesobit attach to the banking system.
Some other details in the Peso wallet to be attached to the wallet.pesobit.net platform
- It will be under e-wallet.ph domain so a connection will be made between the 2 that will convert Pesobits of the wallet.pesobit.net going to Peso of the e-wallet.ph.
- On the screenshot provided, you will see a Foreign Exchange value on the right, it is only for viewing purposes for now and won't allow you withdrawing your funds to another currency aside from Philippine Peso so the Debit Card will only work here in the Philippines.
- The company will be under e-Wallet.ph powered by VMoney and there's no need for you to register under VMoney website.
- The Send, Load Card and Request functions will only work after account verification and requires Government issued IDs and/or proof of billing (scammers are not welcome here).
- The fees are not yet settled but there might be a minimal fee in topping up your debit card as these are banking fees.
- How stable/secure will the e-Wallet.ph site be? It will work as robust and secured as what other companies are using that are also serviced by VMoney system so it is a tested platform.

- We're getting closer as well in allowing buying of Pesobits in the wallet using BTC to help first timers to be able to buy pesobit off their coins.ph btc account and not go through the exchanges. Though it might look as if it will lessen the trading volume, the btc collected will also be used to buy Pesobits in the exchanges.

- The Online Staking wallet now has 4.5 Million Pesobits as 283,000 Pesobits were placed on staking these past 2 days.

- As for Coinomi, no ETA still but they said that it has been worked on already so Pesobit will be included in their Multi-wallet in their next release.

- The Central Marketplace feature will be placed on-hold until we get the Pesobit->e-wallet.ph working as it is important for merchants to receive their money equivalent in Philippine Peso and not a varying cryptocurrency.

- As for the bigger eCommerce website APIs, it will be in the https://api.pesobit.net. What API does is creates an easier way for their website to be able to perform Pesobit commands like check the wallet address balance, check transactions etc using a token code provided to them also called as an API key and these are for Developer's use.

So what's next once the connection between wallet.pesobit.net and e-wallet.ph has been made?
- Since e-wallet.ph will be connected to the banking network, merchants can now accept Pesobit as payment option knowing that they can convert it to Philippine Peso right away and that may include a wide array of services from hotel booking, travel and tours packages, transportation booking and many more. Such will also make it more ideal for freelancers to adopt Pesobit as it will be way better than their current mode of payment so freelancing website can be easily adopted by Filipinos.

What's in it for International holders?
- Strong demand and very liquid commodity can easily increase the prices as Remittance and Merchant adoption can easily increase the price of Pesobit which is good for Pesobit holders, those who are actively staking and those who participate in trading. Most coins are only in mining/staking and trading anyway so why not Pesobit.

[electronicash]

oh no proof of identity 
still a good news. can e-wallet issue cards for pesobit holder? must be cool to present the card when buying something to the department store cashiers.

[pinoycash]

Wow, finally one of the best updates, pesobit will have its place on the crypto market. with the current numbers of filipino working abroad, and with the support of local media, this can provide the lowest fee remittance by filipino expats.

[Nivir]

Wow, finally one of the best updates, pesobit will have its place on the crypto market. with the current numbers of filipino working abroad, and with the support of local media, this can provide the lowest fee remittance by filipino expats.

Wow. I will be waiting for these things to happen. After all bitcoin and altcoins are made to make things easier and user friendly. Very aggressive moves by the devs. Keep it up.

[Noojna]

- The company will be under e-Wallet.ph powered by VMoney and there's no need for you to register under VMoney website.
- The Send, Load Card and Request functions will only work after account verification and requires Government issued IDs and/or proof of billing (scammers are not welcome here).
- The fees are not yet settled but there might be a minimal fee in topping up your debit card as these are banking fees.

- As for Coinomi, no ETA still but they said that it has been worked on already so Pesobit will be included in their Multi-wallet in their next release.

- The Central Marketplace feature will be placed on-hold until we get the Pesobit->e-wallet.ph working as it is important for merchants to receive their money equivalent in Philippine Peso and not a varying cryptocurrency.

It is the active development of this coin that give it its fundamental value. PSB will answer to a real need from 10.2 million Overseas Filipinos, and like I said, just 1% of all revolving Philippine yearly remittances is enough to propel PSB to 10$ US of trading value. That's the track your PSB is on, thanks to our Dev.

Once the banking conversion system is setup, it will be important to take this system to the people who will benefit from it the most; some legwork, door knocking and handshaking will be needed, after this word of mouth among Overseas Filipino communities will take over and finish the job, as using PSB will become the obvious best way to send money back home.

Then we will be there. PSB from 2 cents to 10 $ US. Beautiful, isn't it?

[Bitcoin-2018]

I personal like this project and invested in the ICO. I think is normal people are selling for quick profit and come back in when it's going back up. I don't we should worry about the price too much and with daily updates from the DEV with good progress. 

[blocks.explorer]

- The Send, Load Card and Request functions will only work after account verification and requires Government issued IDs and/or proof of billing (scammers are not welcome here).

What's in it for International holders?
- Strong demand and very liquid commodity can easily increase the prices as Remittance and Merchant adoption can easily increase the price of Pesobit which is good for Pesobit holders, those who are actively staking and those who participate in trading. Most coins are only in mining/staking and trading anyway so why not Pesobit.

So the account verification is only for the Send, Load Card and Request - is it also for the Debit Card?
Only Philippine government issues IDs & billing address? What about for Global investors? How will you verify that the IDs are genuine?

[Lutzow]

- The Send, Load Card and Request functions will only work after account verification and requires Government issued IDs and/or proof of billing (scammers are not welcome here).

What's in it for International holders?
- Strong demand and very liquid commodity can easily increase the prices as Remittance and Merchant adoption can easily increase the price of Pesobit which is good for Pesobit holders, those who are actively staking and those who participate in trading. Most coins are only in mining/staking and trading anyway so why not Pesobit.

So the account verification is only for the Send, Load Card and Request - is it also for the Debit Card?
Only Philippine government issues IDs & billing address? What about for Global investors? How will you verify that the IDs are genuine?

This website is attached to the banking network so the funds here can only be withdrawn here, at least for now. But Canada is a possibility as a partnership has been made as well but that's for a later part. As for the ID, overseas filipino workers has been asking me about this so there's an others option in that list for them to be able to upload their non-Philippine IDs but still have to check with the bank rules and regulations. I myself would like to be international IDs be accepted as Filipinos are everywhere as well.

[pinoycash]

This website is attached to the banking network so the funds here can only be withdrawn here, at least for now. But Canada is a possibility as a partnership has been made as well but that's for a later part. As for the ID, overseas filipino workers has been asking me about this so there's an others option in that list for them to be able to upload their non-Philippine IDs but still have to check with the bank rules and regulations. I myself would like to be international IDs be accepted as Filipinos are everywhere as well.

Hello Lutzow, what are the specific partnered bank here in the Philippines? so in the future, its possible for a real time fund transfer from e-wallet to partnered bank and vice versa? this is good feature specially for us who work online.

[ShooterXD]

Psb will be a great coin, and will change lifes.

Keep doing this good work.

[Bitcoin-2018]

Now it's the good time to get in PSB price is very reasonable.

[Lutzow]

The direct buying of Pesobit via the Online Wallet will probably be released within the next 24 hours, just a little more tests when it comes to the crediting of Pesobits, transactions listing etc but it's pretty much 90% complete.

Why direct buying will be implemented? Since Pesobit was introduced mostly to the Filipinos, lots of users are first timers and dealing with exchanges is kinda off to some especially if this is the first time you got into the cryptocurrency field. It is easy though to get into crypto here in the Philippines because of coins.ph but getting into the exchange and navigating to finally buy Pesobit is somewhat not newbie-friendly that's why there are lots of users who are dealing with peer-to-peer transactions just to bypass the exchanges which is prone to scamming and overpricing.

The pesobits to be sold will be coming from the Development wallet which is 3rd in the rich list (https://chainz.cryptoid.info/psb/#!rich), and the proceeds will be used to create further support in the exchanges.

How will it work?
- The minimum order is 100 PSBs
- The amount that you have to pay will be based on the price in the wallet at the time your created the order as we know that the price is varying and btc transfer takes quite some time.
- You can only have 1 pending order to avoid abuse in to the pending orders as you can set orders and wait for the price to go up then you still end up buying cheap.
- The pending order will be cancelled if no payment has been received within the next 24 hours.
- It requires 2 confirmations for the status to be marked as paid and the Pesobits ordered be credited to your account.

Be careful though with transaction fees of other bitcoin wallets, most Filipinos though who are using coins.ph doesn't have to worry about tx fees but others might.

That's it for now

[Lutzow]

This website is attached to the banking network so the funds here can only be withdrawn here, at least for now. But Canada is a possibility as a partnership has been made as well but that's for a later part. As for the ID, overseas filipino workers has been asking me about this so there's an others option in that list for them to be able to upload their non-Philippine IDs but still have to check with the bank rules and regulations. I myself would like to be international IDs be accepted as Filipinos are everywhere as well.

Hello Lutzow, what are the specific partnered bank here in the Philippines? so in the future, its possible for a real time fund transfer from e-wallet to partnered bank and vice versa? this is good feature specially for us who work online.

Initially it will only be a one way transfer, Pesobit->Peso going to a wallet system attached to different banks with Mastercard/Visa Debit card so relatives in the Philippines can withdraw the money via an ATM while those in the overseas fund them by converting Pesobit from the Pesobit Online Wallet to the e-wallet.ph account which is the Peso wallet.

[blocks.explorer]

So the account verification is only for the Send, Load Card and Request - is it also for the Debit Card?
Only Philippine government issues IDs & billing address? What about for Global investors? How will you verify that the IDs are genuine?

This website is attached to the banking network so the funds here can only be withdrawn here, at least for now. But Canada is a possibility as a partnership has been made as well but that's for a later part. As for the ID, overseas filipino workers has been asking me about this so there's an others option in that list for them to be able to upload their non-Philippine IDs but still have to check with the bank rules and regulations. I myself would like to be international IDs be accepted as Filipinos are everywhere as well.

good to know you are considering international IDs mainly because Filipinos are everywhere in the world and are the main target clients of Pesobit - for remittance. But then verifying their IDs will be challenging.

[ShooterXD]

The direct buying of Pesobit via the Online Wallet will probably be released within the next 24 hours, just a little more tests when it comes to the crediting of Pesobits, transactions listing etc but it's pretty much 90% complete.

Why direct buying will be implemented? Since Pesobit was introduced mostly to the Filipinos, lots of users are first timers and dealing with exchanges is kinda off to some especially if this is the first time you got into the cryptocurrency field. It is easy though to get into crypto here in the Philippines because of coins.ph but getting into the exchange and navigating to finally buy Pesobit is somewhat not newbie-friendly that's why there are lots of users who are dealing with peer-to-peer transactions just to bypass the exchanges which is prone to scamming and overpricing.

The pesobits to be sold will be coming from the Development wallet which is 3rd in the rich list (https://chainz.cryptoid.info/psb/#!rich), and the proceeds will be used to create further support in the exchanges.

How will it work?
- The minimum order is 100 PSBs
- The amount that you have to pay will be based on the price in the wallet at the time your created the order as we know that the price is varying and btc transfer takes quite some time.
- You can only have 1 pending order to avoid abuse in to the pending orders as you can set orders and wait for the price to go up then you still end up buying cheap.
- The pending order will be cancelled if no payment has been received within the next 24 hours.
- It requires 2 confirmations for the status to be marked as paid and the Pesobits ordered be credited to your account.

Be careful though with transaction fees of other bitcoin wallets, most Filipinos though who are using coins.ph doesn't have to worry about tx fees but others might.

That's it for now

Great, this will bring more people to psb. This will allow people who dont know much about trade buy psb easily

[Bitcoinsummoner]

So the account verification is only for the Send, Load Card and Request - is it also for the Debit Card?
Only Philippine government issues IDs & billing address? What about for Global investors? How will you verify that the IDs are genuine?

This website is attached to the banking network so the funds here can only be withdrawn here, at least for now. But Canada is a possibility as a partnership has been made as well but that's for a later part. As for the ID, overseas filipino workers has been asking me about this so there's an others option in that list for them to be able to upload their non-Philippine IDs but still have to check with the bank rules and regulations. I myself would like to be international IDs be accepted as Filipinos are everywhere as well.

good to know you are considering international IDs mainly because Filipinos are everywhere in the world and are the main target clients of Pesobit - for remittance. But then verifying their IDs will be challenging.

It can be the problem about verifying in id's because it can be fake anytime. For me better to verify them if they have proof of billing  in their place where they are living to know if the ID information is the same as in proof of billing like meralco..