[♔] British Digital Currency | 5% annual PoS - Bittrex - Fiat to BritCoin [BRIT]

[will7am]

Very much looking forward to seeing where this goes. First post here so may not mean all that much, but you have my support.

Thanks mate!  Your support means a lot to us, we have some big stuff coming soon so hold your Brits!

Always good to hear! I'm holding on to a fair few. With regards to staking, is there anything more to it than simply leaving my Brits in my wallet and keeping the client running?

To ensure you get your 5% annual stake interest, your wallet needs to be running and unlocked.

Thanks for the support!

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[will7am]

Well there still seems to be no social media activity, tweets etc.  I'm just curious as to what the new social media member of the team is actually doing?  Even if there is no news about Britcoin there should be regular tweets relating to British culture, technology news, cryptocurrency adoption and so on as this can help to bring people in from a wider social group than those who already know about cryptos.   It also helps to give the impression that Britcoin is still active.

This is my fault, our new media/pr/marketing member has been busy working on the upcoming promo video and I've been busy working on the fiat > Brit platform.  The twitter account is something I take care of, so my apologies for the lack of updates.

I'll try and stay more active, I promise.

[will7am]

For those who didn't see on our Twitter here's a sneak preview of our upcoming Fiat > BritCoin exchange platform.

https://i.imgur.com/VpkD7P0.png

We're hoping to launch it for public use Friday if not early weekend.

[dennemann]

For those who didn't see on our Twitter here's a sneak preview of our upcoming Fiat > BritCoin exchange platform.

https://i.imgur.com/VpkD7P0.png

We're hoping to launch it for public use Friday if not early weekend.

Can't wait 

[majningmaster]

William is so fucking crazy I love you guys ! This PLATFORM look AWESOME !

[will7am]

William is so fucking crazy I love you guys ! This PLATFORM look AWESOME !

Thanks a lot!  Looking forward to launching it for public use.

[mibz0r]

For those who didn't see on our Twitter here's a sneak preview of our upcoming Fiat > BritCoin exchange platform.

https://i.imgur.com/VpkD7P0.png

We're hoping to launch it for public use Friday if not early weekend.

This is one step forward I see making a massive difference for Britcoin, makes buying into the market so much easier for anyone 

[rel-oad]

For those who didn't see on our Twitter here's a sneak preview of our upcoming Fiat > BritCoin exchange platform.

https://i.imgur.com/VpkD7P0.png

We're hoping to launch it for public use Friday if not early weekend.

The 'exchange' is going to be a bank-to-bank transfer?

Who is on the other side of the trade sending the Britcoin to the buyer?

EDIT: Or is this bank transfer into the exchange platform?

[will7am]

For those who didn't see on our Twitter here's a sneak preview of our upcoming Fiat > BritCoin exchange platform.

https://i.imgur.com/VpkD7P0.png

We're hoping to launch it for public use Friday if not early weekend.

The 'exchange' is going to be a bank-to-bank transfer?

Who is on the other side of the trade sending the Britcoin to the buyer?

EDIT: Or is this bank transfer into the exchange platform?

Good question.

At first it will be bank-to-bank with me personally running it.  Once the system is tested in a live environment I will be looking at implementing a system where users can apply to become sellers, giving the end user a competitive price and better service.

Once the platform is launched, the price of the Brits in GBP will be calculated based on how much it will cost me to buy the same amount of Brits sold on the Bittrex buy wall in BTC.  This will (hopefully) help give us a steady price increase because I will be buying at the ask price and eating up the sell wall.  Please keep in mind that I am selling my own personal coins that I have mined and bought myself. I really don't want to sell my Brits at the current price so I have to ensure that the amount that is charged is enough to cover the cost of rebuying the same amount of coins on Bittrex.

Hope this helps.  Let me know if you have any other questions.

[Soul_eater_123]

For those who didn't see on our Twitter here's a sneak preview of our upcoming Fiat > BritCoin exchange platform.

https://i.imgur.com/VpkD7P0.png

We're hoping to launch it for public use Friday if not early weekend.

The 'exchange' is going to be a bank-to-bank transfer?

Who is on the other side of the trade sending the Britcoin to the buyer?

EDIT: Or is this bank transfer into the exchange platform?

Good question.

At first it will be bank-to-bank with me personally running it.  Once the system is tested in a live environment I will be looking at implementing a system where users can apply to become sellers, giving the end user a competitive price and better service.

Once the platform is launched, the price of the Brits in GBP will be calculated based on how much it will cost me to buy the same amount of Brits sold on the Bittrex buy wall in BTC.  This will (hopefully) help give us a steady price increase because I will be buying at the ask price and eating up the sell wall.  Please keep in mind that I am selling my own personal coins that I have mined and bought myself. I really don't want to sell my Brits at the current price so I have to ensure that the amount that is charged is enough to cover the cost of rebuying the same amount of coins on Bittrex.

Hope this helps.  Let me know if you have any other questions.

In essence that is similar to what happens with current services like Bittylicious.  You do a bank transfer to an account they give you and then the person with the crypto sends it to your address when the Tx goes through.  It only takes about 5 minutes for the entire process because of the "Faster Payments" system in UK banks.

[rghmodz]

For those who didn't see on our Twitter here's a sneak preview of our upcoming Fiat > BritCoin exchange platform.

https://i.imgur.com/VpkD7P0.png

We're hoping to launch it for public use Friday if not early weekend.

Great news.

[will7am]

For those who didn't see on our Twitter here's a sneak preview of our upcoming Fiat > BritCoin exchange platform.

https://i.imgur.com/VpkD7P0.png

We're hoping to launch it for public use Friday if not early weekend.

The 'exchange' is going to be a bank-to-bank transfer?

Who is on the other side of the trade sending the Britcoin to the buyer?

EDIT: Or is this bank transfer into the exchange platform?

Good question.

At first it will be bank-to-bank with me personally running it.  Once the system is tested in a live environment I will be looking at implementing a system where users can apply to become sellers, giving the end user a competitive price and better service.

Once the platform is launched, the price of the Brits in GBP will be calculated based on how much it will cost me to buy the same amount of Brits sold on the Bittrex buy wall in BTC.  This will (hopefully) help give us a steady price increase because I will be buying at the ask price and eating up the sell wall.  Please keep in mind that I am selling my own personal coins that I have mined and bought myself. I really don't want to sell my Brits at the current price so I have to ensure that the amount that is charged is enough to cover the cost of rebuying the same amount of coins on Bittrex.

Hope this helps.  Let me know if you have any other questions.

In essence that is similar to what happens with current services like Bittylicious.  You do a bank transfer to an account they give you and then the person with the crypto sends it to your address when the Tx goes through.  It only takes about 5 minutes for the entire process because of the "Faster Payments" system in UK banks.

Exactly.  The whole coin ordering process only takes a few minutes start to finish, prolly even quicker than filling out your CC information.  And as the majority of internet users in the UK have access to online banking with 'Fast payments' it's the perfect solution.

[will7am]

NEW COMPETITION!

Re-tweet the status below for a chance to win 5,000 BritCoins.

https://twitter.com/BritCoinUK/statuses/494924865418567680

The tweet is about our new upcoming Fiat to BritCoin platform launch, set for this weekend.

A winner will be chosen at random on Sunday 3rd August at 6pm (GMT).  Good luck guys!

[Pebbelzz]

NEW COMPETITION!

Re-tweet the status below for a chance to win 5,000 BritCoins.

https://twitter.com/BritCoinUK/statuses/494924865418567680

The tweet is about our new upcoming Fiat to BritCoin platform launch, set for this weekend.

A winner will be chosen at random on Sunday 3rd August at 6pm (GMT).  Good luck guys!

Retweeted

[will7am]

I have just changed the 'Updates' section in the OP with some development progress and plans;

(Thursday 31/07/2014)

A quick update on what's going on with developments and general progress.

Our Fiat > BritCoin exchange platform will be launched this weekend.  This will allow British users buy BritCoins directly via instant bank transfer in a matter of minutes.  We're hoping this new platform to will open up BritCoin to the wider general public, which will (hopefully) make the price raise.

The BritCoin marketplace is nearing completion, this will allow users to buy/sell anything (legal) using BritCoins with full escrow support.
We will announce a launch date in the coming days..  We don't want to launch until it's fully tested.

We're hoping to be doing another press release sometime next week to announce the new Fiat > Brit platform, we think the general
public will show some interest in it due to the fact they no longer have to buy BTC to trade for Brits. 

We would also like to welcome our new BritCoin dev team, Lee 'mib' Exley. Lee is going to be working on our media/PR/marketing campaigns and more.  He is currently working on a promotional video for BritCoin, which will be released soon. Smiley

A lot of exciting things coming up, including the August white-paper which will give details on our latest plans and progress so far.


Thanks for all the support!  Your faith will be rewarded.

[will7am]

NEW COMPETITION!

Re-tweet the status below for a chance to win 5,000 BritCoins.

https://twitter.com/BritCoinUK/statuses/494924865418567680

The tweet is about our new upcoming Fiat to BritCoin platform launch, set for this weekend.

A winner will be chosen at random on Sunday 3rd August at 6pm (GMT).  Good luck guys!

Retweeted

Thanks Pebbelzz, you rock! 

[kotwica666]

NEW COMPETITION!

Re-tweet the status below for a chance to win 5,000 BritCoins.

https://twitter.com/BritCoinUK/statuses/494924865418567680

The tweet is about our new upcoming Fiat to BritCoin platform launch, set for this weekend.

A winner will be chosen at random on Sunday 3rd August at 6pm (GMT).  Good luck guys!

DONE!!! 

[numanoid]

All, not sure if you've all seen this, but it looks like Moolah is taking over Mintpal.  Great news in my opinion.  Sounds like they are going to reform the exchange and stop getting so many scamcoins listed.  Housecleaning will also take place to get rid of a lot of junk.

http://blog.moolah.io/2014/07/28/were-taking-over-mintpal-heres-what-you-need-to-know/

Maybe it's time to reopen channels with moolah and mintpal.

[will7am]

All, not sure if you've all seen this, but it looks like Moolah is taking over Mintpal.  Great news in my opinion.  Sounds like they are going to reform the exchange and stop getting so many scamcoins listed.  Housecleaning will also take place to get rid of a lot of junk.

http://blog.moolah.io/2014/07/28/were-taking-over-mintpal-heres-what-you-need-to-know/

Maybe it's time to reopen channels with moolah and mintpal.

Yes we were aware of the takeover, exciting news in the British crypto world.  I think it's a good move on their behalf, MP wasn't running as well as it should have been and they needed help.

I'm still waiting for Moolah to get back to me though. I guess they've been busy with the take over this week. 

[will7am]

Friendly reminder that there's only 24 hours left before our 5,000 BritCoin twitter competition is chosen.

Check my signature for details on how to take part!  Good luck!