kenshin23
Member
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Activity: 66
Merit: 10
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February 16, 2015, 02:21:06 PM |
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Sure, the reason for that is that we currently have 3 official and 1 unofficial exchange rates for our currency (and very strict currency controls and limitations in place), which makes inflation skyrocket, as we only have "access" to the worst exchange rate (black market). So, we keep looking for alternatives to safeguard our income, one of which is bitcoin (and fiat currency in general, other than our own.)
I can further explain this in detail if needed; suffice to say that a card such as this one would be highly welcome.
Not sure how you think a visa card is going to alleviate these problems. The card is denominated in US$, and each time you make a local purchase or withdraw money at an ATM, its the official exchange rate that will be applied. Im fairly sure you wont be able to withdraw US$ at an ATM there, nor can you make payments in $, it will all be in Bolivares at the official exchange rate. A card like this might be handy if you want to make (internet) purchases abroad, but I suppose you'll have import taxes that make that about as pointless? or am I missing something ? That's basically the point: Venezuelans get an allowance (what we call a "cupo") of $3000 a year to be spent on trips and/or internet purchases. If you want to buy something through eBay, Amazon, etc., you get a maximum of $300 out of those $3000. However, that's only if you didn't decide to spend it all on a trip or if it's not enough (as is the case when purchasing something over $300 through the internet) in which case, you're then forced to buy other people's allowances at the black market's (now sort of legal) exchange rate. So, it's much better to purchase, for example a laptop at $500 with 2 "cupos" at VEF 12/$ (official exchange rate), than to buy it locally at more than VEF 190/$ (black market). So, a card like this one is -provided you can buy bitcoins in Bolivares or mine them, like I do- a way to avoid or alleviate all that. |
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Vortex20000
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February 17, 2015, 02:43:31 AM |
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Site down, da hell?
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gosha@e-coin (OP)
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February 17, 2015, 06:52:48 AM |
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Site down, da hell?
Sorry, guys, looking into it.. |
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Puppet
Legendary
Offline
Activity: 980
Merit: 1040
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February 17, 2015, 07:33:15 AM |
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Site down, da hell?
More worrying is that the site is hosted on microsoft azure. Oh dear. |
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pmatveev
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February 17, 2015, 07:40:13 AM |
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Site down, da hell?
More worrying is that the site is hosted on microsoft azure. Oh dear. it's only for frontend, we don't keep any private information in azure |
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gosha@e-coin (OP)
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February 17, 2015, 07:47:38 AM |
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Hi, I'm interested in testing/getting the card, but I live in a country which is not on the list (Venezuela). Any idea why not and if it'll be solved anytime soon?
Thanks.
Also, about the site, I was trying to register and didn't get the account activation e-mail, even when clicking on the "Lost code" link. Is registration locked, by any chance? Shouldn't be the case. Please, write to support@e-coin.io if you keep experiencing the issue |
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pmatveev
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February 17, 2015, 08:51:29 AM |
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website is up now, sorry for inconvenience
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Vortex20000
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February 17, 2015, 08:58:17 AM |
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Thanks for the speedy fix  |
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DARKANGEL6415
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February 23, 2015, 01:34:30 AM |
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Sure, the reason for that is that we currently have 3 official and 1 unofficial exchange rates for our currency (and very strict currency controls and limitations in place), which makes inflation skyrocket, as we only have "access" to the worst exchange rate (black market). So, we keep looking for alternatives to safeguard our income, one of which is bitcoin (and fiat currency in general, other than our own.)
I can further explain this in detail if needed; suffice to say that a card such as this one would be highly welcome.
Not sure how you think a visa card is going to alleviate these problems. The card is denominated in US$, and each time you make a local purchase or withdraw money at an ATM, its the official exchange rate that will be applied. Im fairly sure you wont be able to withdraw US$ at an ATM there, nor can you make payments in $, it will all be in Bolivares at the official exchange rate. A card like this might be handy if you want to make (internet) purchases abroad, but I suppose you'll have import taxes that make that about as pointless? or am I missing something ? That's basically the point: Venezuelans get an allowance (what we call a "cupo") of $3000 a year to be spent on trips and/or internet purchases. If you want to buy something through eBay, Amazon, etc., you get a maximum of $300 out of those $3000. However, that's only if you didn't decide to spend it all on a trip or if it's not enough (as is the case when purchasing something over $300 through the internet) in which case, you're then forced to buy other people's allowances at the black market's (now sort of legal) exchange rate. So, it's much better to purchase, for example a laptop at $500 with 2 "cupos" at VEF 12/$ (official exchange rate), than to buy it locally at more than VEF 190/$ (black market). So, a card like this one is -provided you can buy bitcoins in Bolivares or mine them, like I do- a way to avoid or alleviate all that. wow that was some reading there but i understand what you are saying, now i am sure this is only for people who dont have verified accounts, like all electronic payment methods even paypal they have a certain limit till you are verified. I am sure that is the case on here atleast i hope so |
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katerniko1
Legendary
Offline
Activity: 966
Merit: 1000
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February 23, 2015, 09:56:55 AM |
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this would be Perfect but does it works?
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atsuky
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February 23, 2015, 01:38:33 PM |
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I'm trying to register in the website but i don't recive the activation code, how much it'll take? Thanks!
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pmatveev
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February 23, 2015, 01:40:13 PM |
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I'm trying to register in the website but i don't recive the activation code, how much it'll take? Thanks!
should happen instantly, could you please check spam folder |
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atsuky
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February 23, 2015, 01:48:06 PM |
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should happen instantly, could you please check spam folder
Checked Spam folder and tried with other mail but didn't recived, i can send you the address throught Pm if you want to check |
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pmatveev
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February 23, 2015, 01:51:01 PM |
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should happen instantly, could you please check spam folder
Checked Spam folder and tried with other mail but didn't recived, i can send you the address throught Pm if you want to check sure, please send |
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dmitrycrypto
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February 23, 2015, 02:38:36 PM |
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this would be Perfect but does it works?
It certainly does. Take a look through this thread and/or order the card. E-Cards are shipped to 173 countries. We aim to deliver cards as quickly as possible. However, the eventual delivery times depend on local postal service. Customers in the UK receive cards within three business days, for EU residents it takes a few days longer, Australian/Canadian/Brazilian/African customers should allow 10 to 15 days for delivery of E-Cards. |
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atsuky
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February 23, 2015, 03:26:31 PM |
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Only USD cards are available?
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pmatveev
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February 23, 2015, 03:41:27 PM |
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Only USD cards are available?
at the moment only USD. we are planning to add GBP and EUR very soon |
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SimplisticStu
Full Member
Offline
Activity: 154
Merit: 100
♥Bitcoin-Ethereum-Ripple♥
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February 23, 2015, 07:52:26 PM |
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i will be interested once GBP is added  |
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dmitrycrypto
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February 24, 2015, 06:56:00 PM |
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i will be interested once GBP is added We expect EUR and GBP will be available for shipping in March. |
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Nubitcoinerr
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February 25, 2015, 02:29:33 PM |
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No USA on the list?
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