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Offline underwun

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New remittance DAC
« on: August 14, 2014, 03:31:37 AM »

We will be launching a fully funded remittance play with the backing of local Philippine business leaders, initially in the Philippines and then in other markets as we prefect the business model.

We have spend some months researching the environment, platforms and business models yet it was only recently we concluded how to upend the remittance market.

Part of our model demands rapid transaction times so Bitshares and Nxt are both in play as we make our final decision.

Whilst we have extensive experience in technology, business and the Philippine OFW market we realise we will NEED help in coming to terms with the chosen platform as speed is of the essence.

So we are interested in whether or not the Bitshares team and community can rally around our objective to succeed in changing the lives of millions of migrant workers, disinter-mediating the remittance parasites and getting behind a model where the final product will utilise the blockchain for millions of merchant transactions.

Finally we are intent upon supporting the ideals of Satoshi and the betterment of the community we create but rest assured we are focused on making money for us and those in our community.

Take care all and thanks for reading
There's a reason for everything and if there isn't there should be...

Offline jwiz168

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Re: New remittance DAC
« Reply #1 on: August 14, 2014, 03:38:23 AM »
BTSX is itself a remittance DAC. why is it so big deal?

Offline underwun

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Re: New remittance DAC
« Reply #2 on: August 14, 2014, 03:49:44 AM »
It will come down to the business model, execution and adoption.

No one has cracked this space for a multitude of reasons I wish BitsharesX all the very best.

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Offline jwiz168

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Re: New remittance DAC
« Reply #3 on: August 14, 2014, 04:19:48 AM »
As I see it , your model would become centralized, exact opposite of what Bitshare is advocating.

Offline gamey

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Re: New remittance DAC
« Reply #4 on: August 14, 2014, 05:00:45 AM »
Where is their business model listed? 

Most people are pretty open to discussing ideas and business plans by serious and sincere people.
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Offline nethyb

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Re: New remittance DAC
« Reply #5 on: August 14, 2014, 05:03:00 AM »
Welcome, you've come to the right place to get a wealth of assistance if you can articulate the value and suitability of your idea to the Bitshares team and community to get official support...

Read this post to get you started on how to pitch your business case and potentially secure official support etc.

https://bitsharestalk.org/index.php?topic=2762.msg35501#msg35501

Quote
Quote from: bungeebones on February 10, 2014, 10:49:12 PM
How do I go about starting a DAC around the idea?

I suggest you write out your idea and business-model in a whitepaper and either present it to the community here or, if you want to keep it secret for now, send it to Invictus for review. Invictus are very much encouraging people to create their own DACs, so you're here at the right time.

One of the main purposes of Invictus, although it's not entirely clear yet, is to help people create their own DACs. If you join in on honoring AGS/PTS you can get:

•A stipend to work in one of our incubators for a period of time.
•The legal fees to set up your company in its chosen favorable jurisdiction.
•Fully equipped office space at one of our incubator sites.
•Forum and web site support while you build you own base of supporters.
•Crypto-savvy legal, accounting, financial and tax support.
•Use of our trusted escrow services while you are building your own reputation.
•Consulting with Dan “bytemaster” Larimer and our team of innovators.
•Help with finding opportunities to speak at a major conference.
•Promotional support integrated with our own global marketing campaign

See the Invictus February newsletter page 8-10 for more information.

http://gallery.mailchimp.com/ac6976e87d9e9f0eac4bbf19c/files/News_Letter_05_February_2014.pdf

Yes, and note that this includes help with forming your own company to develop and support your long product line of DACs!   :)



Offline underwun

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Re: New remittance DAC
« Reply #6 on: August 14, 2014, 07:16:33 AM »
As I see it , your model would become centralized, exact opposite of what Bitshare is advocating.

Interesting observation, I wish I could see what others are thinking.
There's a reason for everything and if there isn't there should be...

Offline underwun

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Re: New remittance DAC
« Reply #7 on: August 14, 2014, 07:18:44 AM »
Welcome, you've come to the right place to get a wealth of assistance if you can articulate the value and suitability of your idea to the Bitshares team and community to get official support...

Read this post to get you started on how to pitch your business case and potentially secure official support etc.

https://bitsharestalk.org/index.php?topic=2762.msg35501#msg35501

Quote
Quote from: bungeebones on February 10, 2014, 10:49:12 PM
How do I go about starting a DAC around the idea?

I suggest you write out your idea and business-model in a whitepaper and either present it to the community here or, if you want to keep it secret for now, send it to Invictus for review. Invictus are very much encouraging people to create their own DACs, so you're here at the right time.

One of the main purposes of Invictus, although it's not entirely clear yet, is to help people create their own DACs. If you join in on honoring AGS/PTS you can get:

•A stipend to work in one of our incubators for a period of time.
•The legal fees to set up your company in its chosen favorable jurisdiction.
•Fully equipped office space at one of our incubator sites.
•Forum and web site support while you build you own base of supporters.
•Crypto-savvy legal, accounting, financial and tax support.
•Use of our trusted escrow services while you are building your own reputation.
•Consulting with Dan “bytemaster” Larimer and our team of innovators.
•Help with finding opportunities to speak at a major conference.
•Promotional support integrated with our own global marketing campaign

See the Invictus February newsletter page 8-10 for more information.

http://gallery.mailchimp.com/ac6976e87d9e9f0eac4bbf19c/files/News_Letter_05_February_2014.pdf

Yes, and note that this includes help with forming your own company to develop and support your long product line of DACs!   :)

Thank you that was exactly what I was looking for, we will digest and revert.
There's a reason for everything and if there isn't there should be...

Offline underwun

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Re: New remittance DAC
« Reply #8 on: August 14, 2014, 07:23:50 AM »
Where is their business model listed? 

Most people are pretty open to discussing ideas and business plans by serious and sincere people.

And at some stage we will but having studied the issue and lived in a major remittance market, driven product through to successful conclusion and having concluded previously there wasn't a viable model, I am not ready to share the realisation of how to succeed this early in the business cycle but I promise you this is the real deal.
There's a reason for everything and if there isn't there should be...

Offline jwiz168

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Re: New remittance DAC
« Reply #9 on: August 14, 2014, 08:09:13 AM »
.....a fully funded remittance play with the backing of local Philippine business leaders, initially in the Philippines and then in other markets as we prefect the business model.

With this statement where can the delegates be with its consensus? How about the allocation of at least 10% for AGS/PTS? As I have mentioned , BTSX has already capable of doing money transfer. No need for a redundancy. As Ilocanos would say .... " isu met laeng "  ;D

Offline underwun

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Re: New remittance DAC
« Reply #10 on: August 14, 2014, 09:48:24 AM »
.....a fully funded remittance play with the backing of local Philippine business leaders, initially in the Philippines and then in other markets as we prefect the business model.

With this statement where can the delegates be with its consensus? How about the allocation of at least 10% for AGS/PTS? As I have mentioned , BTSX has already capable of doing money transfer. No need for a redundancy. As Ilocanos would say .... " isu met laeng "  ;D

Patience  :) if we took the attitude that money transfer for remittances was already addressed why do we need anything but Bitcoin?
There's a reason for everything and if there isn't there should be...

Offline toast

Re: New remittance DAC
« Reply #11 on: August 14, 2014, 03:17:15 PM »
Volatility? With BTSX you can send BitUSD, BitEUR, etc. as if it were bitcoin.
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline underwun

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Re: New remittance DAC
« Reply #12 on: August 15, 2014, 02:31:11 AM »
Volatility? With BTSX you can send BitUSD, BitEUR, etc. as if it were bitcoin.

If that were the fundamental issue preventing crypto-remitances I would agree that BTSX has an innovative answer to an important question.

Make no mistake we are fans of Dan and the team's work, hence our reaching out for dialogue but the keys to the holy-grail of remittances are many and there remains mutliple boxes to tick.

There's a reason for everything and if there isn't there should be...

Offline Gentso1

Re: New remittance DAC
« Reply #13 on: August 15, 2014, 02:55:53 AM »
We will be launching a fully funded remittance play with the backing of local Philippine business leaders, initially in the Philippines and then in other markets as we prefect the business model.

We have spend some months researching the environment, platforms and business models yet it was only recently we concluded how to upend the remittance market.

Part of our model demands rapid transaction times so Bitshares and Nxt are both in play as we make our final decision.

Whilst we have extensive experience in technology, business and the Philippine OFW market we realise we will NEED help in coming to terms with the chosen platform as speed is of the essence.

So we are interested in whether or not the Bitshares team and community can rally around our objective to succeed in changing the lives of millions of migrant workers, disinter-mediating the remittance parasites and getting behind a model where the final product will utilise the blockchain for millions of merchant transactions.

Finally we are intent upon supporting the ideals of Satoshi and the betterment of the community we create but rest assured we are focused on making money for us and those in our community.

Take care all and thanks for reading

As someone who has been to the Philippine's Its a perfect place to start. Remittance is a way of life for locals and ex-pats that have settled there. Oh and did I mention the high fees.

Will you operate a local exchanger? If so what city will it be out of? The key, I believe to this idea is that there will have to be a local exchange for people to cash out of. With the family based culture their and sometimes few working family members, most of these people live check to check. So if you can give them a place to cash out for less fees It will be a huge success. 

Offline jwiz168

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Re: New remittance DAC
« Reply #14 on: August 15, 2014, 03:12:04 AM »
Volatility? With BTSX you can send BitUSD, BitEUR, etc. as if it were bitcoin.

If that were the fundamental issue preventing crypto-remitances I would agree that BTSX has an innovative answer to an important question.

Make no mistake we are fans of Dan and the team's work, hence our reaching out for dialogue but the keys to the holy-grail of remittances are many and there remains mutliple boxes to tick.

BTSX can do it  with superiority ... just watch how bitAssets and snapshots from BTS would also exchange crypto to fiat. 

 

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