We've been talking with a potential partner who has only one more requirement the BitShares Exchange Network currently doesn't meet:
What we need is the ability to deposit bitAssets like BitUSD or BitEUR from a wallet account directly into a checking or savings account at a bank through an ACH option.
Automated Clearing House (ACH) is an electronic network for financial transactions in the United States. ACH processes large volumes of credit and debit transactions in batches. ACH credit transfers include direct deposit, payroll and vendor payments. When you get direct deposit, it is an ACH deposit
What we need is we need to find some type of service or bridge that can bridge the two.
As an example: an employer has a million employees and wants to switch their entire payroll system to using our assets. That would mean that employer would need to take currency and load it into their account and then distributed to all of their employees. Then their employees would have the option to deposit it directly into their regular bank checking account, or keep it in their wallet and be able to swipe a card at a point of sale. CCEDK has the card in point of sale deal worked out in regards to integrating with the wallet, but we need to have an ACH deposit option.
If we can get this worked out as soon as possible then BitShares has a very good chance of landing an extremely large client right now. We've already had the talks and they've already agreed as long as we can provide that option.
They are currently using check, direct deposit, and loaded prepaid cards but they want to outsource that to other network partners and do everything in BitAssets.
We could use some research leads on who in the world is a good choice provide ACH deposit off-ramp services to the entire BitShares Exchange Network.
This is not a Summer Announcement, but I do feel a slight Disturbance in the Force.