Author Topic: MasterCard with BitUSD? could be with CCEDK  (Read 11803 times)

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Offline karnal

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@ccedk: Any chance you could work with UnionPay as well for these cards in the future?

It's a big thing in Asia.

Offline openledger

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We do need all Bitshares member's support to make this happen, as it has a lot to do with the ongoing trading activity of the bit asset pair BITUSD in particular but also the other two BITEUR and BITCNY, and ofcourse the Bitshares traded back and forth in EUR and USD.
Could you elaborate? What are the requirements for this to happen?

When can we see a EUR card?

If we have a NanoCard supported by bitcoin denominated in both EUR and USD, I have a feeling it could be the same option with a NanoCard supported by BitUSD then denominated in USD and EUR

And then it is only a question of getting the trading activity started on CCEDK.At least for the time being I prefer not to tell you the minimum amount needed in terms of liquidity needed on exchange on an ongoing basis, but is far from unlikely we could reach this within the next few weeks if community supports the introduction in best way possible. We will from CCEDK side support the community in all the ways possible to bring it up there as well.
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Offline xeroc

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We do need all Bitshares member's support to make this happen, as it has a lot to do with the ongoing trading activity of the bit asset pair BITUSD in particular but also the other two BITEUR and BITCNY, and ofcourse the Bitshares traded back and forth in EUR and USD.
Could you elaborate? What are the requirements for this to happen?

When can we see a EUR card?

Offline openledger

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With the present gateway to EUR, USD and CNY created we have established the first step in making possible within a few months to offer you all a Debit NanoCard supported by BITUSD and issued by Mastercard.

We do need all Bitshares member's support to make this happen, as it has a lot to do with the ongoing trading activity of the bit asset pair BITUSD in particular but also the other two BITEUR and BITCNY, and ofcourse the Bitshares traded back and forth in EUR and USD.

We offer you following bitshares releated pairs available for trading:

https://www.ccedk.com/bts-usd
https://www.ccedk.com/bts-eur
https://www.ccedk.com/bitusd-usd
https://www.ccedk.com/biteur-eur
https://www.ccedk.com/bitcny-cny

Buy or sell your Bitshares to fiat via BTC pairs on CCEDK doing the exchange with no commission fees:
https://www.ccedk.com/btc-usd
https://www.ccedk.com/btc-eur
https://www.ccedk.com/btc-dkk
https://www.ccedk.com/btc-cny
https://www.ccedk.com/fimk-btc
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Offline karnal

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Imagine the publicity....

Oh I imagine it VERY well.... :o +5%

It must become reality... riches, I see riches in the horizon.

;)

Offline mangou007

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Offline karnal

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I really think the direct debit idea would be extremely welcomed.

BitAssets are in a unique position to perform this service and as far as I know no other crypto project supports direct debits.

It's simply a much better match than bitcoin for the job. Imagine the publicity....

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Offline Permie

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It would...and you know what would go really well with it?

Built-in direct debit in the bitshares protocol, such that the provider of the card can instruct their systems to debit your account (built-in daily withdrawals limit and max amount per transaction included!), pending approval by the user.

That way, no more need to send crypto to the cryptocard company to fund the card..


Maybe it's just me, but... 8)


EDIT: Also good for other kind of services, like monthly recurring bills and what not.. but yeah, I originally thought about this in a card context.
I'd probably never use a normal bank card again.. imagine having debitcard.$yourname and the direct debit order there, where you can specify a) the source account that can issue a debit b) total max daily value and c) max value per transaction.

The funds would be safe in YOUR account, instead of the company. For maximum security it should also be possible to SUSPEND the authorization, such that you would only enable it when you know you'll be using the card .. ;)

Could the wallet hold a basket of bitFiat and when spending choose the most favorable exchange rate to make the purchase?
JonnyBitcoin votes for liquidity and simplicity. Make him your proxy?
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Offline xeroc

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Offline CLains

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when i first encountered BitShares I was like,



but then later on I was like,



but now I am like,


Offline fav

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It would...and you know what would go really well with it?

Built-in direct debit in the bitshares protocol, such that the provider of the card can instruct their systems to debit your account (built-in daily withdrawals limit and max amount per transaction included!), pending approval by the user.

That way, no more need to send crypto to the cryptocard company to fund the card..


Maybe it's just me, but... 8)


EDIT: Also good for other kind of services, like monthly recurring bills and what not.. but yeah, I originally thought about this in a card context.
I'd probably never use a normal bank card again.. imagine having debitcard.$yourname and the direct debit order there, where you can specify a) the source account that can issue a debit b) total max daily value and c) max value per transaction.

The funds would be safe in YOUR account, instead of the company. For maximum security it should also be possible to SUSPEND the authorization, such that you would only enable it when you know you'll be using the card .. ;)


I would go so far as to think that you are not the first to have this idea .. :)
But who knows  ;)

I'd instantly convert most of my monthly salary... Awesome idea  +5%

Offline karnal

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Would be pretty interesting if this is part of the upcoming announcements.. :o

Offline xeroc

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It would...and you know what would go really well with it?

Built-in direct debit in the bitshares protocol, such that the provider of the card can instruct their systems to debit your account (built-in daily withdrawals limit and max amount per transaction included!), pending approval by the user.

That way, no more need to send crypto to the cryptocard company to fund the card..


Maybe it's just me, but... 8)


EDIT: Also good for other kind of services, like monthly recurring bills and what not.. but yeah, I originally thought about this in a card context.
I'd probably never use a normal bank card again.. imagine having debitcard.$yourname and the direct debit order there, where you can specify a) the source account that can issue a debit b) total max daily value and c) max value per transaction.

The funds would be safe in YOUR account, instead of the company. For maximum security it should also be possible to SUSPEND the authorization, such that you would only enable it when you know you'll be using the card .. ;)


I would go so far as to think that you are not the first to have this idea .. :)
But who knows  ;)

Offline karnal

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https://twitter.com/CCEDK_/status/601190973021003776

they will issue NanoCard.eu with bitcoin support later this year I guess, and are openly asking cryptocommunites for their input. if you can, answer their question in above mentioned tweet!
nanocard @ ccedk can already be ordered .. and devs have been made aware of that opportunity elsewhere already ..

But i totally agree ... bitUSD via Mastercard would be .. mindblowing!

It would...and you know what would go really well with it?

Built-in direct debit in the bitshares protocol, such that the provider of the card can instruct their systems to debit your account (built-in daily withdrawals limit and max amount per transaction included!), pending approval by the user.

That way, no more need to send crypto to the cryptocard company to fund the card..


Maybe it's just me, but... 8)


EDIT: Also good for other kind of services, like monthly recurring bills and what not.. but yeah, I originally thought about this in a card context.
I'd probably never use a normal bank card again.. imagine having debitcard.$yourname and the direct debit order there, where you can specify a) the source account that can issue a debit b) total max daily value and c) max value per transaction.

The funds would be safe in YOUR account, instead of the company. For maximum security it should also be possible to SUSPEND the authorization, such that you would only enable it when you know you'll be using the card .. ;)

« Last Edit: May 23, 2015, 12:52:39 pm by karnal »