WebMoney starts processing Bitcoins

[lucif]

The most positive thing in this is that a professional player comes into Bitcoin.

I don't like that amateur anime cards trading companies like gox without any kind of responsibility.

[BTC Books]

Let's back up a little.  This is not a "somewhat complicated" system - this is a very complicated system.

Very little reason for you to use it. It's an e-wallet. Used mostly in Russia. To buy things online, in Russia.

It's a Russian paypal. Accepted at the types of places Paypal is. Given that, it's not terribly useful for Americans.

Yes.  Seems like.

Although accepting bitcoin might change that a bit.

[fitty]

Let's back up a little.  This is not a "somewhat complicated" system - this is a very complicated system.

Very little reason for you to use it. It's an e-wallet. Used mostly in Russia. To buy things online, in Russia.

It's a Russian paypal. Accepted at the types of places Paypal is. Given that, it's not terribly useful for Americans.

Yes.  Seems like.

Although accepting bitcoin might change that a bit.

It's still great news. One of the oldest e-wallets, started in 1998. 11 million users. Huge in Russia. While not as big as if Paypal integrated Bitcoin, it's still up there. The fact it's non-usa, it's probably a good thing too. =)

[fr33d0miz3r]

Here is the list of places where you can deposit/withdraw your Webmoney.
http://geo.webmoney.ru/wmobjects/default.aspx?lang=en

[arsenische]

It's a Russian paypal. Accepted at the types of places Paypal is. Given that, it's not terribly useful for Americans.

Are Webmoney transactions reversible?

[fr33d0miz3r]

Are Webmoney transactions reversible?

I thnik yes because they have their own arbitration system: https://arbitrage.wmtransfer.com/asp/default.asp

[lucif]

When the Feds shut a Window, Russia opens a door!

http://www.thegenesisblock.com/bitcoin-access-expanded-to-over-11-million-users-of-webmoney/

[lexxus]

Are Webmoney transactions reversible?

I thnik yes because they have their own arbitration system: https://arbitrage.wmtransfer.com/asp/default.asp

Generally, they are not.
You can get your account blocked by arbitration system for scam or get a decision that you should reimburse to your customer. But it's nothing like chargeback in PayPal. So it's more like an online judge to resolve conflicts

[fr33d0miz3r]

They can block your webmoney wallet if they receive lots of scam reports.
And if your conflict is over, they will unlock your wallet.

By the way, I usually deposit my Skype account with webmoney WMZ  
And I have a debit card attached to my WM wallet, so I can withdraw and deposit money instantly. It's very comfortable.

[arsenische]

Are Webmoney transactions reversible?

I thnik yes because they have their own arbitration system: https://arbitrage.wmtransfer.com/asp/default.asp

Generally, they are not.

Wikipedia says:

WebMoney transactions do not require a credit card or bank account, are final, and cannot be retracted. This is similar to Bitcoin, e-gold and cash and in contrast to credit card and PayPal transactions.

[lucif]

They can block your webmoney wallet if they receive lots of scam reports.
And if your conflict is over, they will unlock your wallet.

By the way, I usually deposit my Skype account with webmoney WMZ  
And I have a debit card attached to my WM wallet, so I can withdraw and deposit money instantly. It's very comfortable.

Also, if you don't have WMZ on your account to pay invoice, Webmoney offers automatic market conversion of needed amount of WMX (for example).

[Sitarow]

BTW, bad news for Americans.

If you try to register new WM account from IP address located in the US, you'll see this message:

Is that not just a kick in the pants. This shows that even the big dogs have to tread carefully and not be kicked out of the "global community".

Even if they mean well some people have different goals and are willing to risk more then others with the hope of realizing those goals. With all the projects aimed at facilitating the globalization movement this was inevitable.

Edit: In the words of a well known influential business magnate, as to Bitcoin and the project "I think its Rat Poison"

Source

And another good interview to watch

Who will win out in the end? Time will tell no lie.

[aceking]

good news

[giantdragon]

I expect price spike on this event because many WebMoney exchanges now will start buying BTC to offer WMX for their customers.

[lebing]

I expect price spike on this event because many WebMoney exchanges now will start buying BTC to offer WMX for their customers.

What do you mean?

[giantdragon]

What do you mean?

There are many exchanges that allow to convert various types of WebMoney (WMZ, WMR, WME etc).

You can see a list with them (in Russian): http://www.bestchange.ru/

P.S. Price will definitely soar when they start buying.

[EuroTrash]

Wait a minute.
I got that mBTC=WMX, EUR=WME, USD=WMZ etc.
I understand that they renamed all currencies to their own webmoney virtual equivalents and they run an exchange for people to swap them. I suppose this is done to circumvent certain amount of regulations that are required when transmitting "real" money.
And they are registered in Belize which is a tax heaven whose laws are quite welcoming for shady businesses.
Besides that I think I can still trust them if they exist since 1998 and have 11 million users.

BUT... then this link caught my eye: https://cards.wmtransfer.com/en
So does that mean that I can have my credit card directly with them?

If that's the case, this is as close as it gets to having a credit card in bitcoins, right?
Like change WMX to WME then instantly fund the card with WME.

do I read this right? Because it feels huge to me.

[fr33d0miz3r]

BUT... then this link caught my eye: https://cards.wmtransfer.com/en
So does that mean that I can have my credit card directly with them?

If that's the case, this is as close as it gets to having a credit card in bitcoins, right?
Like change WMX to WME then instantly fund the card with WME.

do I read this right? Because it feels huge to me.

Yes, you're right. You can order a debit card and instantly transfer money between your WME/WMZ purse and the card.

[marcus_of_augustus]

All the evidence you need to know that Russia is actually ahead of USA in terms of freedom to do business ...

... when will the yoke of USA corrupted banking/monetary system be come too much to carry for the US citizens?

It seems there is no amount of abuse and criminality from the banks they are willing to put up with, hey even reward them for with bonuses drawn straight from tax-payer bail-out funds.

Land of the Free? ... more like Land of the Farce.

BTW, bad news for Americans.

If you try to register new WM account from IP address located in the US, you'll see this message:

[fr33d0miz3r]

All the evidence you need to know that Russia is actually ahead of USA in terms of freedom to do business ...

We have another huge problems with doing business here in Russia.
So, actual freedom & safety is "Russia + Some offshore(s)" business model. WebMoney uses it successfully.