Author Topic: [Worker] Integration of BTS with Wirex  (Read 1232 times)

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Offline xeroc

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[Worker] Integration of BTS with Wirex
« on: April 23, 2019, 02:05:54 pm »
https://www.bitshares.foundation/workers/2019-05-wirex-integration

Worker Intent

Months of preparations, intensive phone calls and business development lead to a verbal agreement from credit card processor Wirex to list BTS. We believe that Wirex comes with a reasonable cost-benefit ratio and has an excellent reputation in the space. Wirex comes with 2.2 million registered users and the WirexApp provides access to Euro, British Pound and US Dollar and supports Bitcoin, Litecoin, Ethereum, Ripple, WAVES, NANO, DAI and XLM.

Notably, its debit card services run over VISA.

Wirex is a well established and fully regulated company, properly outfitted with KYC and compliance. All information on its services, terms and conditions can be found on wirexapp.com. Its service also entails an affiliate program and a reward for use. We invite everyone to read up on the details.

We see this as a highly desirable functionality. As BTS is listed on known technical structures we have been offered this opportunity at much less than the usual price.

Depending on their worker load and schedule, Wirex technical team can integrate BitShares within 4 weeks.
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Offline matle85

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Re: [Worker] Integration of BTS with Wirex
« Reply #1 on: April 23, 2019, 07:16:27 pm »
This is a substantial cost but the potential benefits are huge so on balance I think its a really good call and we should proceed.

Great job to Xeroc and the team for bringing this to the table.

I've signed up to Wirex and will try over the coming week or so.

Offline Customminer

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Re: [Worker] Integration of BTS with Wirex
« Reply #2 on: April 23, 2019, 11:00:24 pm »
Can this worker proposal include Brexit contingency considerations?

Offline bitProfessor

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Re: [Worker] Integration of BTS with Wirex
« Reply #3 on: April 24, 2019, 04:56:49 am »
Great!

Offline xeroc

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Re: [Worker] Integration of BTS with Wirex
« Reply #4 on: April 24, 2019, 06:09:52 am »
Can this worker proposal include Brexit contingency considerations?
Wirex is located in UK & Germany. While no one can predict the outcome of Brexit, I suppose they are prepared structurally.
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Offline xeroc

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Re: [Worker] Integration of BTS with Wirex
« Reply #5 on: April 25, 2019, 06:41:26 am »
*bump*
Brief reminder to consider voting for this worker.
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Offline blockchained

Re: [Worker] Integration of BTS with Wirex
« Reply #6 on: April 25, 2019, 10:36:12 am »
+5%

Offline ripplexiaoshan

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Re: [Worker] Integration of BTS with Wirex
« Reply #7 on: April 27, 2019, 04:02:10 pm »
Support!
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Online sahkan

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Re: [Worker] Integration of BTS with Wirex
« Reply #8 on: April 27, 2019, 10:59:29 pm »
Supported. But it seems that we are lacking support from a group of folks that constantly twist your (@xeroc) arm to support their changes but don't support or even don't comment on other initiatives.

Offline Thul3

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Re: [Worker] Integration of BTS with Wirex
« Reply #9 on: April 28, 2019, 09:30:14 am »
I voted for wirex as i prefer to see this feature instead that we currently spend a similar amount on the bitshares ui worker to get another UI.
« Last Edit: April 28, 2019, 09:36:42 am by Thul3 »

Offline liondani

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Re: [Worker] Integration of BTS with Wirex
« Reply #10 on: April 29, 2019, 03:35:22 pm »
I fully support this worker! many benefits!


Offline xeroc

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Re: [Worker] Integration of BTS with Wirex
« Reply #11 on: May 02, 2019, 08:11:39 am »
We now have a Chinese translation of the worker proposal:

https://www.bitshares.foundation/workers/2019-05-wirex-integration-cn
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Online abit

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Re: [Worker] Integration of BTS with Wirex
« Reply #12 on: May 02, 2019, 11:04:47 pm »
Only BTS will be listed or also include bitCNY/bitUSD/bitEUR/etc?
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Offline alt

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Re: [Worker] Integration of BTS with Wirex
« Reply #13 on: May 03, 2019, 02:09:38 am »
can you provide the information about:
1. how many money did other community like Bitcoin Litecoin, dai etc pay for the listing?
2. how many real users did people use Bitcoin in wirex? LItecoin? Dai?
because I just searched that users need to pay 3% fees when use crypto current desposit fund. I doubt this could be accept by most people.

https://www.bitshares.foundation/workers/2019-05-wirex-integration

Worker Intent

Months of preparations, intensive phone calls and business development lead to a verbal agreement from credit card processor Wirex to list BTS. We believe that Wirex comes with a reasonable cost-benefit ratio and has an excellent reputation in the space. Wirex comes with 2.2 million registered users and the WirexApp provides access to Euro, British Pound and US Dollar and supports Bitcoin, Litecoin, Ethereum, Ripple, WAVES, NANO, DAI and XLM.

Notably, its debit card services run over VISA.

Wirex is a well established and fully regulated company, properly outfitted with KYC and compliance. All information on its services, terms and conditions can be found on wirexapp.com. Its service also entails an affiliate program and a reward for use. We invite everyone to read up on the details.

We see this as a highly desirable functionality. As BTS is listed on known technical structures we have been offered this opportunity at much less than the usual price.

Depending on their worker load and schedule, Wirex technical team can integrate BitShares within 4 weeks.

Online sschiessl

Re: [Worker] Integration of BTS with Wirex
« Reply #14 on: May 03, 2019, 05:39:58 am »
Only BTS will be listed or also include bitCNY/bitUSD/bitEUR/etc?

This proposal is only for listing of BTS, which is equivalent to a regulatory endorsement IMO and will be more than beneficial for any other asset to be listed (personal guess and no promise).
In general, Wirex is not opposed to (crypto-collaterized) stable coins, see DAI and Stellar support.

Online sschiessl

Re: [Worker] Integration of BTS with Wirex
« Reply #15 on: May 03, 2019, 06:43:57 am »
can you provide the information about:
1. how many money did other community like Bitcoin Litecoin, dai etc pay for the listing?

For all cases I could find that information is locked down with NDAs.

2. how many real users did people use Bitcoin in wirex? LItecoin? Dai?
because I just searched that users need to pay 3% fees when use crypto current desposit fund. I doubt this could be accept by most people.

We are working some numbers for that, and will publish them as soon as we have any.

Offline xeroc

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Re: [Worker] Integration of BTS with Wirex
« Reply #16 on: May 03, 2019, 06:56:38 am »
can you provide the information about:
1. how many money did other community like Bitcoin Litecoin, dai etc pay for the listing?
2. how many real users did people use Bitcoin in wirex? LItecoin? Dai?
because I just searched that users need to pay 3% fees when use crypto current desposit fund. I doubt this could be accept by most people.
1. In short, we don't know. What can be told is that the price offered to the community is significantly less than what the initial offer was due to weeks-long negotiations
2. I do not know. The point is, if the community choses not to be listed, it will be 0 - exactly 0. How long it will take for the market to accept the wirex card and users to use it for BTS - that's something only the market can decide. That's also why there are no promises made, it's a simple listing on a credit card provider. People are free to use it, or not.
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Online abit

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Re: [Worker] Integration of BTS with Wirex
« Reply #17 on: May 03, 2019, 12:46:39 pm »
because I just searched that users need to pay 3% fees when use crypto current desposit fund. I doubt this could be accept by most people.
I can only say that Chinese people maybe got used to "free" stuff with hidden costs, western people may (or may not) be more familiar with products with explicit listed fees. So this proposal is mostly for the west (so there are KYC requirements and etc).

The key to success: find out the target user group, and market to them accordingly. Both are important. For example, marketing cheap goods to rich people will likely fail.
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Offline alt

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Re: [Worker] Integration of BTS with Wirex
« Reply #18 on: May 04, 2019, 12:26:15 am »
I will not support this worker until can get more data analize about how much value this could give us.
there are no reason to pay for listing in a nobody use service, such as all fake volume exchange.

Offline xeroc

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Re: [Worker] Integration of BTS with Wirex
« Reply #19 on: May 04, 2019, 08:03:16 am »
I will not support this worker until can get more data analize about how much value this could give us.
there are no reason to pay for listing in a nobody use service, such as all fake volume exchange.
I doubt that "no body use" is a fair assessment for wirex, but i also do not yet have material at hand to prove otherwise.

Thanks for looking into the worker and providing your opinion.
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Offline Customminer

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Re: [Worker] Integration of BTS with Wirex
« Reply #20 on: May 06, 2019, 05:50:14 pm »
Just verified and ordered my wirex card, ordering anything online with a debit card & a crypto balance is pretty cool.

Offline Customminer

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Re: [Worker] Integration of BTS with Wirex
« Reply #21 on: May 10, 2019, 02:41:31 pm »
If we go ahead with this WP, will subsequent integrations (bitUSD, bitEUR, ..) cost just as much? Or do you think we can get a discount? Got my card in the mail 👌

Online sschiessl

Re: [Worker] Integration of BTS with Wirex
« Reply #22 on: May 10, 2019, 06:43:14 pm »
If we go ahead with this WP, will subsequent integrations (bitUSD, bitEUR, ..) cost just as much? Or do you think we can get a discount? Got my card in the mail 👌

I'm afraid your guess is as good as anyone's because there are still too many unknowns for that.

Offline BTSMoon

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Re: [Worker] Integration of BTS with Wirex
« Reply #23 on: May 11, 2019, 05:59:06 am »
Support! But when it available to Asian?

Online sschiessl

Re: [Worker] Integration of BTS with Wirex
« Reply #24 on: May 11, 2019, 06:23:24 am »
Support! But when it available to Asian?

Only Wirex knows that. Jademont might have a better overview over the ongoings in that market.

Offline startail

Re: [Worker] Integration of BTS with Wirex
« Reply #25 on: June 29, 2019, 06:57:32 pm »
Wirex seems to be a good company to use. I ordered a card to test them out around 2-3 months ago and they've served me well since then. They're expanding massively, and with their new utility token attracting some attention the last few days.

Their whitepaper states they will add their own Stable assets called *W (as in USDW, CNYW etc), and also in the long run they will add margin collateral but it still has no planned date. With this they are a competitor, or you can work together and see them as a friend. I support this Worker based on the good usage I think Wirex can help our platform with.

Their expansion horizon is massive, doubling every year, and their schedule on this is no less, adding new markets all the time. This would benefit us to.

While BTS would be a good start, I'd love to see the possibility to have one or more of our stable coins added to the list of tradeable assets on the wirex app. But that's up to the worker to negotiate the best bang for the buck. It may be to costly to convince them to do this.

 

Offline Customminer

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Re: [Worker] Integration of BTS with Wirex
« Reply #26 on: July 17, 2019, 02:42:29 pm »
Used the wirex card to purchase goods online, very cool. Looking forwards to BTS integration into Wirex 👍