Author Topic: NanoCard Transforms the Remittance Market worldwide. Is it bitcoin’s killer app?  (Read 3946 times)

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Offline ccedk

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Don think you can read this in a few minutes, so take your time and let me know what you think?

https://www.linkedin.com/pulse/nanocard-transforms-remittance-market-worldwide-bitcoins-boesing

#NanoCard Transforms the #Remittance Market worldwide. Is it #bitcoin ’s killer app?" https://www.linkedin.com/pulse/nanocard-transforms-remittance-market-worldwide-bitcoins-boesing … #finance #economy #crypto #BTC
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Offline Permie

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Just read it through.
Great article!
It seems quite balanced and doesn't sound like a BitShares advert - even though it is

It addresses asset stability, exchange counterparty risk, multi-sig signing of the Nanocard crypto-debitcard and the fact that BitShares is a cooperative ecosystem where new players stand to benefit from the successes of other Network partners

Quite long, but if you can get a newbie to read it I think they will want to learn more

Nice one Ronny
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Offline ccedk

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Thank yoou appreciated
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Offline Bitcoinfan

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Xapo the closest competitor offering a credit card for Bitcoin but now they are running into legal trouble.  Do you know if there is anyone else in the space that is doing what you are? 

Big deal for bitshares if this answer is no.

Offline ccedk

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Xapo the closest competitor offering a credit card for Bitcoin but now they are running into legal trouble.  Do you know if there is anyone else in the space that is doing what you are? 

Big deal for bitshares if this answer is no.

The only one we are knowing about is Xapo, and although I dont know this personally I am told that the card they have is also only out as beta version, and they do not have denominations in more than one currency, is what I have been told. If anyone knows anything else, I would be happy to even learn more about our potential "competitors"
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Offline xeroc

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coinomat seem to have mastercard/visa and do support the BitShares too
https://coinomat.com/visamaster.php
Xapo the closest competitor offering a credit card for Bitcoin but now they are running into legal trouble.  Do you know if there is anyone else in the space that is doing what you are? 

Big deal for bitshares if this answer is no.

The only one we are knowing about is Xapo, and although I dont know this personally I am told that the card they have is also only out as beta version, and they do not have denominations in more than one currency, is what I have been told. If anyone knows anything else, I would be happy to even learn more about our potential "competitors"

« Last Edit: July 15, 2015, 09:57:37 am by ccedk »
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Offline ccedk

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coinomat seem to have mastercard/visa and do support the BitShares too
https://coinomat.com/visamaster.php
Xapo the closest competitor offering a credit card for Bitcoin but now they are running into legal trouble.  Do you know if there is anyone else in the space that is doing what you are? 

Big deal for bitshares if this answer is no.

The only one we are knowing about is Xapo, and although I dont know this personally I am told that the card they have is also only out as beta version, and they do not have denominations in more than one currency, is what I have been told. If anyone knows anything else, I would be happy to even learn more about our potential "competitors"

I thought it was a question regarding the new technology where bitcoin is taken directly from account when card is used, and not funded some days earlier or which ever way the prepaid card structure is working, or am I completely wrong on this, because there are plenty of prepaid cards out there.

@xeroc

From Coinomat website: Transfer within two business days. Low commission. Is this not a prepaid card, or do they show new technology somewhere? Not sure why it needed to be mentioned as example here in this thread, unless all prepaid cards is mentioned in the same time!

Minimum fee to transfer funds to USD debitcard: 15 USD for each transfer plus the 1% conversion fee

This kind of cost on Coinomat if based on bitusd or biteur with the cost added to convert to usd makes you consider just having ordinary card, as that would be cheaper just use plain ordinary debitcard. Having a card where you are able to keep your funds in crypto in whichever way you decide, is what it's all about, giving you choices instead of putting a lock on your funds once sent to your visa or mastercard via coinomat.


I think the NanoCard is unique in that perspective and show especially now with the increase of bitcoin that people already converting bitcoin to fiat and added on prepaid card some 10 days ago, would have loved to have a nanocard where you benefit from the increase in price, an you are suddenly having 40 USD more to spend per every bitcoin.
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Offline bitfan

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not ruled out nanocard - but also looking into this https://www.satoshitango.com/home

Offline ccedk

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not ruled out nanocard - but also looking into this https://www.satoshitango.com/home

again a prepaid card

Unlike prepaid cards, #NanoCard supported by #bitcoin is changed to USD or EUR only when you spend it! http://www.coindesk.com/press-releases/nanocard-bitcoins-killer-app/ … #crypto #CCEDK
« Last Edit: July 15, 2015, 10:21:09 am by ccedk »
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Offline xeroc

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Thanks for the clarification. Seems not to be worth calling it a competitor then :D
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Offline ccedk

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Thanks for the clarification. Seems not to be worth calling it a competitor then :D
+5% :) ;)
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Offline topcandle

Is Nanocard fully functional now?  When will the backend be finished? 
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Offline ccedk

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Is Nanocard fully functional now?  When will the backend be finished?

We are very close now, but since I have said too many times coming soon, I can only say that we work hard on getting it up and running by next week.

More info on the new limits, reduced fees and whitelabel stucture for embossing of card will be end of this week.

A general analysis of the cards from Xapo, E-coin and Bit-x(NanoCard) is about to be processed where three bloggers, of which one is from Forbes will be doing their tests on all parametres and present a complete presentation end of November.

2 bloggers from Europe and one from UK, will be testing the cards on the base of whitelabel as well as anonymous, euro card used in UK, GBP card in UK, and reverse in mainland europe with a euro denominate card, so I guess each blogger will be testing 12 cards each.

This test is something we are initiating from our side to make it all clear once and for all which one is the best overall.

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Offline Chris4210

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Cool news, i am looking forward to the new pricing structure of the nano card. The current one makes it very expensive to use the card in the wild. Would love to start using it
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Offline Pheonike

Oops, you said next week. So now we know for sure its not coming out next.

Offline iHashFury

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Looking forward to using my Nano Card.

Just got one serious question!

Is it safe to let your wife use it?  :P
"If you owe a bank thousands, you have a problem; owe a bank millions, the bank has a problem" ;)

Offline topcandle

Oops, you said next week. So now we know for sure its not coming out next.

You think he meant next month?
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Offline Pheonike

Meant to say next week.

Offline liondani

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I have a deactivated nanocard for about 2-3 months....
Can I activate it now on CCEDK or not?
If not any ETA?
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Offline topcandle

https://www.reddit.com/r/Bitcoin/comments/3qluib/bitfinex_and_blade_payments_announce_debit_card/

Why is the competition catching up to us?  Is what we're doing good enough?
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Offline ccedk

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https://www.reddit.com/r/Bitcoin/comments/3qluib/bitfinex_and_blade_payments_announce_debit_card/

Why is the competition catching up to us?  Is what we're doing good enough?

I think we are getting there already, the same information will be soon up on CCEDK Nanocard page as we are finally adding activation. but perhaps you would like to know about it before hand, so here it is available to read about on bit-x, same conditions to apply for CCEDK cards:

https://bit-x.com/blog/The-New-BIT-X-Debit-Cards-Lower-Fees-Cashback-Rewards
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Offline GaltReport

Can you clarify the use/restrictions for U.S. Residents?

From your link:

"Restrictions for Anonymous cards

Residents from the following countries may order only Anonymous Limited cards: Afghanistan, Albania, Algeria, Angola, Belize, Cambodia, Ecuador, Guyana, Indonesia, Iran, Iraq, Kuwait, Democratic People's Republic of Korea, Lao People's Democratic Republic, Myanmar, Namibia, Nicaragua, Pakistan, Panama, Papua New Guinea, Romania, Sudan, Syrian Arab Republic, Uganda, United States and Minor Outlying Islands, Yemen, Zimbabwe.


Limits for Anonymous Limited cards

Lifetime turnover 250 EUR or 300 USD depending of the card's currency, no limits for POS payments or ATM withdrawals."

Offline ccedk

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Can you clarify the use/restrictions for U.S. Residents?

From your link:

"Restrictions for Anonymous cards

Residents from the following countries may order only Anonymous Limited cards: Afghanistan, Albania, Algeria, Angola, Belize, Cambodia, Ecuador, Guyana, Indonesia, Iran, Iraq, Kuwait, Democratic People's Republic of Korea, Lao People's Democratic Republic, Myanmar, Namibia, Nicaragua, Pakistan, Panama, Papua New Guinea, Romania, Sudan, Syrian Arab Republic, Uganda, United States and Minor Outlying Islands, Yemen, Zimbabwe.


Limits for Anonymous Limited cards

Lifetime turnover 250 EUR or 300 USD depending of the card's currency, no limits for POS payments or ATM withdrawals."

Yes, I guess not really clear. It only confirms US residents are still left in the dark so to speak, sadly enough, as not only is the option limited to one card per user, but also limited to 300 USD

Its not real useful, unless you just need it as a travel card, so I am afraid US citizens cannot benefit from this for the time being, sadly.
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Offline tbone

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Can you clarify the use/restrictions for U.S. Residents?

From your link:

"Restrictions for Anonymous cards

Residents from the following countries may order only Anonymous Limited cards: Afghanistan, Albania, Algeria, Angola, Belize, Cambodia, Ecuador, Guyana, Indonesia, Iran, Iraq, Kuwait, Democratic People's Republic of Korea, Lao People's Democratic Republic, Myanmar, Namibia, Nicaragua, Pakistan, Panama, Papua New Guinea, Romania, Sudan, Syrian Arab Republic, Uganda, United States and Minor Outlying Islands, Yemen, Zimbabwe.


Limits for Anonymous Limited cards

Lifetime turnover 250 EUR or 300 USD depending of the card's currency, no limits for POS payments or ATM withdrawals."

Yes, I guess not really clear. It only confirms US residents are still left in the dark so to speak, sadly enough, as not only is the option limited to one card per user, but also limited to 300 USD

Its not real useful, unless you just need it as a travel card, so I am afraid US citizens cannot benefit from this for the time being, sadly.

It says the limit is for anonymous cards.  Is there an option to do KYC and not have the limit?

Offline ccedk

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Can you clarify the use/restrictions for U.S. Residents?

From your link:

"Restrictions for Anonymous cards

Residents from the following countries may order only Anonymous Limited cards: Afghanistan, Albania, Algeria, Angola, Belize, Cambodia, Ecuador, Guyana, Indonesia, Iran, Iraq, Kuwait, Democratic People's Republic of Korea, Lao People's Democratic Republic, Myanmar, Namibia, Nicaragua, Pakistan, Panama, Papua New Guinea, Romania, Sudan, Syrian Arab Republic, Uganda, United States and Minor Outlying Islands, Yemen, Zimbabwe.


Limits for Anonymous Limited cards

Lifetime turnover 250 EUR or 300 USD depending of the card's currency, no limits for POS payments or ATM withdrawals."

Yes, I guess not really clear. It only confirms US residents are still left in the dark so to speak, sadly enough, as not only is the option limited to one card per user, but also limited to 300 USD

Its not real useful, unless you just need it as a travel card, so I am afraid US citizens cannot benefit from this for the time being, sadly.

It says the limit is for anonymous cards.  Is there an option to do KYC and not have the limit?

Yes, for anyone outside the restricted zones
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Offline GaltReport

Can you clarify the use/restrictions for U.S. Residents?

From your link:

"Restrictions for Anonymous cards

Residents from the following countries may order only Anonymous Limited cards: Afghanistan, Albania, Algeria, Angola, Belize, Cambodia, Ecuador, Guyana, Indonesia, Iran, Iraq, Kuwait, Democratic People's Republic of Korea, Lao People's Democratic Republic, Myanmar, Namibia, Nicaragua, Pakistan, Panama, Papua New Guinea, Romania, Sudan, Syrian Arab Republic, Uganda, United States and Minor Outlying Islands, Yemen, Zimbabwe.


Limits for Anonymous Limited cards

Lifetime turnover 250 EUR or 300 USD depending of the card's currency, no limits for POS payments or ATM withdrawals."

Yes, I guess not really clear. It only confirms US residents are still left in the dark so to speak, sadly enough, as not only is the option limited to one card per user, but also limited to 300 USD

Its not real useful, unless you just need it as a travel card, so I am afraid US citizens cannot benefit from this for the time being, sadly.

It says the limit is for anonymous cards.  Is there an option to do KYC and not have the limit?
It says that U.S. residents can ONLY order anonymous limited cards.

Offline ccedk

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Can you clarify the use/restrictions for U.S. Residents?

From your link:

"Restrictions for Anonymous cards

Residents from the following countries may order only Anonymous Limited cards: Afghanistan, Albania, Algeria, Angola, Belize, Cambodia, Ecuador, Guyana, Indonesia, Iran, Iraq, Kuwait, Democratic People's Republic of Korea, Lao People's Democratic Republic, Myanmar, Namibia, Nicaragua, Pakistan, Panama, Papua New Guinea, Romania, Sudan, Syrian Arab Republic, Uganda, United States and Minor Outlying Islands, Yemen, Zimbabwe.


Limits for Anonymous Limited cards

Lifetime turnover 250 EUR or 300 USD depending of the card's currency, no limits for POS payments or ATM withdrawals."

Yes, I guess not really clear. It only confirms US residents are still left in the dark so to speak, sadly enough, as not only is the option limited to one card per user, but also limited to 300 USD

Its not real useful, unless you just need it as a travel card, so I am afraid US citizens cannot benefit from this for the time being, sadly.

It says the limit is for anonymous cards.  Is there an option to do KYC and not have the limit?
It says that U.S. residents can ONLY order anonymous limited cards.

Yes, not sure what we are talking right now. I thnk it is clear that US citizens have limited use for this kin of card unless they feel a travel card based on btc is of interest, not sure what else I can say when it comes to US situation. I did not create the restrictions there, sorry.
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Offline tbone

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Can you clarify the use/restrictions for U.S. Residents?

From your link:

"Restrictions for Anonymous cards

Residents from the following countries may order only Anonymous Limited cards: Afghanistan, Albania, Algeria, Angola, Belize, Cambodia, Ecuador, Guyana, Indonesia, Iran, Iraq, Kuwait, Democratic People's Republic of Korea, Lao People's Democratic Republic, Myanmar, Namibia, Nicaragua, Pakistan, Panama, Papua New Guinea, Romania, Sudan, Syrian Arab Republic, Uganda, United States and Minor Outlying Islands, Yemen, Zimbabwe.


Limits for Anonymous Limited cards

Lifetime turnover 250 EUR or 300 USD depending of the card's currency, no limits for POS payments or ATM withdrawals."

Yes, I guess not really clear. It only confirms US residents are still left in the dark so to speak, sadly enough, as not only is the option limited to one card per user, but also limited to 300 USD

Its not real useful, unless you just need it as a travel card, so I am afraid US citizens cannot benefit from this for the time being, sadly.

It says the limit is for anonymous cards.  Is there an option to do KYC and not have the limit?

Yes, for anyone outside the restricted zones

I don't understand.  Why would bit-x (or its partners) not perform KYC with U.S. residents?

Offline ccedk

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Can you clarify the use/restrictions for U.S. Residents?

From your link:

"Restrictions for Anonymous cards

Residents from the following countries may order only Anonymous Limited cards: Afghanistan, Albania, Algeria, Angola, Belize, Cambodia, Ecuador, Guyana, Indonesia, Iran, Iraq, Kuwait, Democratic People's Republic of Korea, Lao People's Democratic Republic, Myanmar, Namibia, Nicaragua, Pakistan, Panama, Papua New Guinea, Romania, Sudan, Syrian Arab Republic, Uganda, United States and Minor Outlying Islands, Yemen, Zimbabwe.


Limits for Anonymous Limited cards

Lifetime turnover 250 EUR or 300 USD depending of the card's currency, no limits for POS payments or ATM withdrawals."

Yes, I guess not really clear. It only confirms US residents are still left in the dark so to speak, sadly enough, as not only is the option limited to one card per user, but also limited to 300 USD

Its not real useful, unless you just need it as a travel card, so I am afraid US citizens cannot benefit from this for the time being, sadly.

It says the limit is for anonymous cards.  Is there an option to do KYC and not have the limit?

Yes, for anyone outside the restricted zones

I don't understand.  Why would bit-x (or its partners) not perform KYC with U.S. residents?

I think we are not speaking about same thing here. As a US citizen, you are only able to obtain from Bit-x or CCEDK the Nanocard with the anonymous limited limits and all, and this card does not require any KYC.

CCEDK is ofcourse ready to do KYC on any products or services, that goes also in regards to the fiat gateway for OpenLedger provided by CCEDK.
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Offline tbone

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Are you saying Nanocard is anonymous only?  So there is no optional KYC even in Europe?

Offline ccedk

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Are you saying Nanocard is anonymous only?  So there is no optional KYC even in Europe?

Pls read the link given, it says it all. Of course KYC for any countries not mentioned on the restricted list, and all of them with the option of getting validated for basically unlimited use.

It is hard to keep a correspondence here, if you dont specify which area you are talking about. A lot of the information can be easily found by reading all info on the link given earlier.

This way I am sure there is less confusion afterwards
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Offline Pheonike

Are the cards we received anonymous limited or anonymous? I former, can they be upgraded without ordering a new one?

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Are the cards we received anonymous limited or anonymous? I former, can they be upgraded without ordering a new one?

pls wait for upcoming news on ccedk nanocard page, or have  a look at bit-x page for now. we are very close now

card is possible to use as is rest of this year in any cae whatsoever you decide to do.
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Offline kuro112

I'm really excited for this, thanks for the updates and the ideas you guys are pushing!
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Offline topcandle

Are the cards we received anonymous limited or anonymous? I former, can they be upgraded without ordering a new one?

pls wait for upcoming news on ccedk nanocard page, or have  a look at bit-x page for now. we are very close now

card is possible to use as is rest of this year in any cae whatsoever you decide to do.

Will this be the week?
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Offline Pheonike


By the time the nanocard is available i'll be to broke to use it.

Offline topcandle

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Boom

https://www.reddit.com/r/Bitcoin/comments/3tdfi4/order_a_usissued_coinbase_debit_card_powered_by/

Wow, the comments in that Reddit thread are very telling. People hate that this goes through Coinbase. I still think there is a tremendous opportunity for CCEDK's card and that there's room for many of these, not just one.

Offline Pheonike


Well, if you are in the USA you are limited to $250 and there is a $9 ATM on the NanoCard. So if you wanted to grab $20 at the ATM it would cost 45% plus the ATM operator fee. So $20 would cost you $11 to get.

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Well, if you are in the USA you are limited to $250 and there is a $9 ATM on the NanoCard. So if you wanted to grab $20 at the ATM it would cost 45% plus the ATM operator fee. So $20 would cost you $11 to get.

That's nasty. Can't you spend a nanocard like a credit card, too, or is it just for ATM withdrawals? And I know the feds are cracking down on pre-paid cards in the U.S. also, since they have become so widely used among drug dealers. I guess these criminals are trying to cut the CIA out of their profit schemes, which usually results in more regulation to keep everybody in line. All the same, we need off-ramps and someone, somewhere will be very thankful to have the nanocards.
« Last Edit: November 19, 2015, 09:06:26 pm by donkeypong »

Offline Akado

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I see some ads on coinmarketcap. is the Nanocard finally working?  :o
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