Author Topic: Integration of BitShares into Lykke exchange - BTS FIAT on/off ramp  (Read 2306 times)

0 Members and 1 Guest are viewing this topic.

Offline blockchainprojectsbv

  • Jr. Member
  • **
  • Posts: 24
    • View Profile
Dear BitShares Community,

We, Blockchain Projects BV, are proud to announce the initiation of listing the BitShares core token BTS with the Lykke exchange.

Contact to the Lykke team was established November 2017 and we have been negotiating since then to get BTS listed. We are in the process of completing the technical work as we speak. The BitShares Blockchain Foundation (BBF) was involved between Blockchain Projects BV and Lykke to get the required legal confirmation to list BTS, which was necessary since Lykke provides a direct FIAT on- and off-ramp. The BBF will continue to provide technical and economical descriptions to Lykke’s legal council in the next goal to explore the possibility of listing BitShares price-stable SmartCoins (e.g. bitUSD, bitEUR, see http://www.bitshares.foundation/smartcoins).

We see great benefits for the BitShares community and want to summarize the impact of the Lykke integration:
  • A FIAT on/off ramp for BTS without the need for Bitcoin
  • A potential FIAT on/off ramp for the price-stable SmartCoins

Thanks to Lykke, the integration module that is being developed for the listing, called
Bexi - BitShares Exchange Integration API,
will be open source and made available after the development is completed, reviewed and tested by Blockchain Projects BV.

Blockchain Projects BV
Stefan Schießl
« Last Edit: February 08, 2018, 08:49:58 am by blockchainprojectsbv »

Offline oxarbitrage

Re: Integration of BitShares into Lykke exchange - BTS FIAT on/off ramp
« Reply #1 on: February 07, 2018, 08:01:58 pm »
thats a great deal for bitshares and the whitepaper on mpa is very good too, should help the adoption of stable coins as payment method, something that i think should be more massive at this point. nice job and keep contributing!

Offline JonnyB

  • Hero Member
  • *****
  • Posts: 636
    • View Profile
    • twitter.com/jonnybitcoin
Re: Integration of BitShares into Lykke exchange - BTS FIAT on/off ramp
« Reply #2 on: February 07, 2018, 10:32:29 pm »
I signed up for a lykke account today and even bought some of their shares.

I hope they can be a real fiat on off ramp for bitshares
I run the @bitshares twitter handle
twitter.com/bitshares

Offline valtr

  • Full Member
  • ***
  • Posts: 140
    • View Profile
Re: Integration of BitShares into Lykke exchange - BTS FIAT on/off ramp
« Reply #3 on: February 09, 2018, 06:48:34 am »
I signed up for a lykke account today and even bought some of their shares.

I hope they can be a real fiat on off ramp for bitshares
Problem is that we need off ramp too and openEUR, USD does not workfor some reason.

Online R

  • Hero Member
  • *****
  • Posts: 787
    • View Profile
Re: Integration of BitShares into Lykke exchange - BTS FIAT on/off ramp
« Reply #4 on: February 09, 2018, 01:06:15 pm »
I signed up for a lykke account today and even bought some of their shares.

I hope they can be a real fiat on off ramp for bitshares
Problem is that we need off ramp too and openEUR, USD does not workfor some reason.
I don't think openledger's FIAT offerings are in the picture here, we're talking about new FIAT onramps through lykke not OL.

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12912
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
Re: Integration of BitShares into Lykke exchange - BTS FIAT on/off ramp
« Reply #5 on: February 09, 2018, 02:19:31 pm »
I don't think openledger's FIAT offerings are in the picture here, we're talking about new FIAT onramps through lykke not OL.
First importantly, the only on/off ramp that will open there is against BTS once we have legal clarity for BTS (hint: read the worker proposal: http://www.bitshares.foundation/worker/budget/2018-02-legal-council-bts) ... the plan is to go further and request legal clarity for bitassets for currencies like bitUSD, bitCNY etc ..
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Online R

  • Hero Member
  • *****
  • Posts: 787
    • View Profile
Re: Integration of BitShares into Lykke exchange - BTS FIAT on/off ramp
« Reply #6 on: February 09, 2018, 05:00:07 pm »
I don't think openledger's FIAT offerings are in the picture here, we're talking about new FIAT onramps through lykke not OL.
First importantly, the only on/off ramp that will open there is against BTS once we have legal clarity for BTS (hint: read the worker proposal: http://www.bitshares.foundation/worker/budget/2018-02-legal-council-bts) ... the plan is to go further and request legal clarity for bitassets for currencies like bitUSD, bitCNY etc ..
I'd think that the bitassets would be far less questionable than BTS itself, because there is less of the mixed up equity terminology surrounding them.

Looks good, though I'm not entirely fond of pandering solely to Bittrex. That said, a successful no-action intent from the SEC would probably be massively beneficial for future exchange addition. Idk if we should be pushing BTS to centralized exchanges as much as we should be pushing bitassets - for one bitassets lock up collateral, and another non-BTS assets held by centralized exchanges pose no voting threat (exchanges voting with BTS, unless bitAssets count towards polls?)..

Offline Chris4210

  • Sr. Member
  • ****
  • Posts: 431
  • Keep Building!
    • View Profile
    • www.payger.com
  • BitShares: chris4210
Re: Integration of BitShares into Lykke exchange - BTS FIAT on/off ramp
« Reply #7 on: February 18, 2018, 01:20:07 pm »
These are great news for the BitShares platform! I am looking forward to use Bexi for Payger. I visited the Lykke office in Zurich myself in December 2017 to discuss on/off ramp services for BitAssets. Lykke is a great company with hundreds of active developers and with a very experient management team.

How can we help with the Bexi development?

Best regards,
Chris
Vote Chris4210 for Committee Member http://bit.ly/1WKC03B! | www.Payger.com - Payments + Messenger | www.BitShareshub.io - Community based fanpage for the BitShares Blockchain

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12912
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
Re: Integration of BitShares into Lykke exchange - BTS FIAT on/off ramp
« Reply #8 on: February 19, 2018, 07:55:47 am »
Bexi has been fully developed by Blockchain Projects BV already and is available on github:
https://github.com/blockchainbv/bexi/
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline Chris4210

  • Sr. Member
  • ****
  • Posts: 431
  • Keep Building!
    • View Profile
    • www.payger.com
  • BitShares: chris4210
Re: Integration of BitShares into Lykke exchange - BTS FIAT on/off ramp
« Reply #9 on: February 19, 2018, 11:24:34 am »
Bexi has been fully developed by Blockchain Projects BV already and is available on github:
https://github.com/blockchainbv/bexi/

wow fantastic!! Will forward it to my team and check. Thank you.
Vote Chris4210 for Committee Member http://bit.ly/1WKC03B! | www.Payger.com - Payments + Messenger | www.BitShareshub.io - Community based fanpage for the BitShares Blockchain