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Kris
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June 06, 2012, 12:32:45 AM
 #1

Greetings!

I am pleased to announce the redesign and proper announcement on
the Bitcoin Forum of WalletBit, your Bitcoin payment processor and wallet.

For merchants:

WalletBit offers a flexible and secure wallet with the tools you need to
sell goods and services easily for Bitcoin.

Our API offers a familiar Paypal-like process and we have modules that
allow you to easily integrate WalletBit with PrestaShop, OpenCart and WHMCS.

In fact, we use our API on the other services we created and continue to
develop (ThroughAds and Laybit).

The API also automates sending confirmation emails to customer and automates
generation of new Bitcoin addresses as well as the possibility to look up
deposit to any of your addresses in your account.
Full documentation of our API and tutorials can be found at
https://walletbit.com/docs

For everyone:

WalletBit offers one of the easiest entries into Bitcoin usage, by enabling
WalletBit users to send BTC to one another using just an email address.
We make paying with Bitcoin very simple. In the future, we will enable
sending BTC to anyone in the world via email.

Security:

WalletBit has been serving clients incident-free since July 2011. Use our
proprietary Secure Card to secure your balance against unauthorized
withdrawal. We are also unique in that we maintain physical control over
our entire operational infrastructure.

Deposit (Buy Bitcoin):

You are able to buy Bitcoins directly from your account by Wire Transfer,
just type in the amount in chosen currency and click submit. Also deposit
from any Bitcoin client or web service to any of your generated Bitcoin
addresses.

Withdrawals:

If you use Mt.Gox, BitInstant or any other to cash out your Bitcoins,
simply use our withdrawals section to send to any Bitcoin address,
or wait for Virtual Visa Card.

Virtual Visa Card:

We are currently negotiating a great deal to provide Virtual Visa Card
you can fund with Bitcoins. You will be able to load the card with Bitcoins
and purchase anywhere you see the Visa logo. More on this subject must
wait for a later date but for now you can keep an eye out for
https://walletbit.com/virtual-visa-card


On-site payment system:

One of our key features is enabling customer to pay for merchandize directly,
without leaving the merchant website, The merchant just needs to add a bit of
JavaScript to the <head> of the HTML code and place payment buttons
in any HTML or WYSIWYG editor. Watch a short video of the process.
http://acentralcafe.com/


Please let us know if you have any questions or suggestions. We're
looking forward to providing you with first rate service going into our
second year!

Sincerely,

Kris
WalletBit (tm)
https://walletbit.com
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Nejc Kodric (BitStamp.net)
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June 08, 2012, 10:12:57 AM
 #2

Nice service. Good job Kris!

Best regards,
Nejc Kodrič

www.BITSTAMP.net
Trade USD to BTC in EU SEPA
Follow us on Twitter: http://twitter.com/Bitstamp
Kris
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June 08, 2012, 07:26:01 PM
 #3

Nice service. Good job Kris!

Best regards,
Nejc Kodrič


Thank you!
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June 08, 2012, 09:39:49 PM
 #4

Great idea. Very good to make it work over WAP. Africa is a huge market for bitcoin and mobile payments and usage is very high there.
A quick google found http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/AFRICAEXT/0,,contentMDK:22551641~pagePK:146736~piPK:146830~theSitePK:258644,00.html.

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June 08, 2012, 09:47:45 PM
 #5

Awesome, awesome, awesome. How portable is it? I assume that it runs on the extremely stripped down Java VMs that such phones use, so it should be reasonably compatible.

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June 08, 2012, 09:52:54 PM
 #6

I will leave this picture here, with the tagline "Developing Countries" while I write a press release.

http://wap.walletbit.com/wap.png

I suspect you have a winner there Wink

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June 08, 2012, 10:25:58 PM
 #7

Huge news is huge. Tried to upvote. Can't. +1 Internet applied.

Generation Bitcoin | G+ | FB | Bitcoins In Vegas | CoinBus.com | TOR Exit Operator 1MVTPATVCKBMfALRHJsXpHfKJu7GyL7nAc
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June 08, 2012, 10:58:35 PM
 #8

great work Kris!

BitPay : The World Leader in Bitcoin Business Solutions

https://bitpay.com

Does your website accept bitcoins?
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June 08, 2012, 11:00:00 PM
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I will leave this picture here, with the tagline "Developing Countries" while I write a press release.


How about getting some beta testers before the press release?

What I want to know, so the recipient gets a link that can be used to claim (withdraw) the bitcoins?
Is that secure?  E-mail is not secure.   Messages transfer in clear text.
As soon as it is realized that data redeemable for anonymous digital currency are floating through the ethers in your messages, thieves will be sniffing for your messages.

So, if this is what you are doing, probably this approach will require some further thought?

Also, in the developing country, oftentimes both the merchant and the customer only have feature phones.  The ability to send to another person's mobile (SMS text message on both ends) would be a useful feature.

[Edit: This service from WalletBit uses WAP, not SMS text messaging.]

Solve that and you'll have the first "M-Pesa, bitcoin edition".

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June 09, 2012, 01:04:25 PM
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I will leave this picture here, with the tagline "Developing Countries" while I write a press release.


How about getting some beta testers before the press release?

What I want to know, so the recipient gets a link that can be used to claim (withdraw) the bitcoins?
Is that secure?  E-mail is not secure.   Messages transfer in clear text.
As soon as it is realized that data redeemable for anonymous digital currency are floating through the ethers in your messages, thieves will be sniffing for your messages.

So, if this is what you are doing, probably this approach will require some further thought?

Also, in the developing country, oftentimes both the merchant and the customer only have feature phones.  The ability to send to another person's mobile (SMS text message on both ends) would be a useful feature.

Solve that and you'll have the first "M-Pesa, bitcoin edition".


Steve, does that vulnerability also apply to Coinapult?
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June 09, 2012, 01:11:27 PM
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I will leave this picture here, with the tagline "Developing Countries" while I write a press release.


How about getting some beta testers before the press release?

What I want to know, so the recipient gets a link that can be used to claim (withdraw) the bitcoins?
Is that secure?  E-mail is not secure.   Messages transfer in clear text.
As soon as it is realized that data redeemable for anonymous digital currency are floating through the ethers in your messages, thieves will be sniffing for your messages.

So, if this is what you are doing, probably this approach will require some further thought?

Also, in the developing country, oftentimes both the merchant and the customer only have feature phones.  The ability to send to another person's mobile (SMS text message on both ends) would be a useful feature.

Solve that and you'll have the first "M-Pesa, bitcoin edition".


Steve, does that vulnerability also apply to Coinapult?

Everything is sent unencrypted through e-mail, so yes.
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June 10, 2012, 04:21:04 AM
 #12

It works on my blackberry with Opera Mobile, that's cool. But the secure password that I created didn't work for logging in via WAP, even though it did work for logging in to the website. The secure password included symbols such as #, !, and *, and was 16 characters log generated by LastPass. When I chose the password reset option, the password was reset to a shorter one with only numbers and lowercase letters, although the new, reset password allowed me to access the site via WAP.

It looks like you can only send coins via an email address somehow, is that correct? EDIT: Apparently recipients must have a Walletbit account, but the limitations might be because Opera Mobile is crappy.

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Kris
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June 10, 2012, 04:37:57 AM
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It works on my blackberry with Opera Mobile, that's cool. But the secure password that I created didn't work for logging in via WAP, even though it did work for logging in to the website. The secure password included symbols such as #, !, and *, and was 16 characters log generated by LastPass. When I chose the password reset option, the password was reset to a shorter one with only numbers and lowercase letters, although the new, reset password allowed me to access the site via WAP.

Strange, maybe a limitation I didn't foresee for the WML language. Yes WML is very old, I don't even think it is being developed on anymore.

It looks like you can only send coins via an email address somehow, is that correct? EDIT: Apparently recipients must have a Walletbit account, but the limitations might be because Opera Mobile is crappy.

Correct, both parties need to sign up at WalletBit with their email as stated in the press release.
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June 11, 2012, 08:07:09 PM
 #14

Correct, both parties need to sign up at WalletBit with their email as stated in the press release.

You could easily make it so that the wallet has a bitcoin address to receive coins, and so that the user can send to a bitcoin address.  There's really no technical reason for not offering that, right (other than sending to a Bitcoin address requires tediously typing in a valid string of letters and numbers.)?

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June 11, 2012, 08:08:47 PM
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Correct, both parties need to sign up at WalletBit with their email as stated in the press release.

You could easily make it so that the wallet has a bitcoin address to receive coins, and so that the user can send to a bitcoin address.  There's really no technical reason for not offering that, right?
It does have an address to receive funds to, or did you mean something else?

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June 11, 2012, 08:19:03 PM
 #16

I really like the virtual visa card

has anyone used this successfully?

Stephen Gornick
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June 12, 2012, 11:47:31 AM
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Correct, both parties need to sign up at WalletBit with their email as stated in the press release.

You could easily make it so that the wallet has a bitcoin address to receive coins, and so that the user can send to a bitcoin address.  There's really no technical reason for not offering that, right?
It does have an address to receive funds to, or did you mean something else?

Oh, so I am misunderstanding Kris' statement before?  It can work where I send bitcoins from my cleint (e.g., bitcoin-qt) to a Bitcoin addres for the WAP wallet for the recipient?  (i.e., standalone user)

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June 12, 2012, 01:29:30 PM
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Correct, both parties need to sign up at WalletBit with their email as stated in the press release.

You could easily make it so that the wallet has a bitcoin address to receive coins, and so that the user can send to a bitcoin address.  There's really no technical reason for not offering that, right?
It does have an address to receive funds to, or did you mean something else?

Oh, so I am misunderstanding Kris' statement before?  It can work where I send bitcoins from my cleint (e.g., bitcoin-qt) to a Bitcoin addres for the WAP wallet for the recipient?  (i.e., standalone user)
Yes, but you can only send them from the WAP client to other walletbit users. For me, I had to sign up for 2 accounts: one WAP and one "normal", in order to withdraw at all to a normal bitcoin address.

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June 14, 2012, 09:43:57 AM
 #19

Be sure to checkout our In the works.

https://walletbit.com/about/in-the-works
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June 22, 2012, 02:53:49 AM
 #20

You are now able to purchase on merchant sites using WalletBit as payment option without having a WalletBit account. In the payment window just click on "No WalletBit account? Pay using any Bitcoin client" and it will switch to a window showing Qr code, price and the bitcoin address in Bitcoin URI link for transferring the amount to, when the transaction hits 3 confirmations Instant Payment Notification will be send to the merchant site even if you paid with no WalletBit account.

Pretty awesome if you ask me, but I cannot be very objective since I made it.

Regards
Kris
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