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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.