FTC Debit card in the works + Scrypt Asic Updates Plus FTC/USD/Bank Wire
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[quote name=“wesphily” post=“19653” timestamp=“1372919145”]
Will these cards have crypto currency or national currency loaded on them?
[/quote]As far as am aware you send them the coin and they load national currency loaded on them as am understanding it.
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+1 vote, but yeah as wesphily already mentioned the other way around would be really great.
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[quote name=“wesphily” post=“19858” timestamp=“1372978739”]
Dang, was hoping it was the other way around.
[/quote]Well I have some good news for you. I will be making an announcement in the next few hours once I got everything needed. In terms of what you where saying FTC to USD example I am looking a a solution for this however I have some good news tho that could solve a lot of problems but its a work around and a very good one too and well worth it.
More details to follow shortly.
F.A.O people who are in the following areas the cards will not be supported.
The following countries are currently NOT supported by CrazycoinTalk DebitCard Service according with the card issuer restrictions:
- Bosnia and Herzegovina
- Cuba
- India
- Iran
- Israel
- Macedonia
- Montenegro
- Myanmar (Burma)
- Somalia
- Serbia
- Syria
Everywhere else that is not listed above can use so it is pretty much world wide. Fees and other stuff will be added later and much more. Your going to love the update.
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Good afternoon everyone. So I have some updates sorry taken so long been flat out this weekend with projects and work load gone through the roof and also working in 80F its bloody hot.
1st part is regarding fees for debit card as promised.
Plastic card top-up $3.00
Virtual card top-up $3.00 + 1%
Automatic deposit * top-up fee + $2
Retrieve funds back ** 3% (min. $5)
ATM withdrawal 2% (min. $3, max. $15)
POS transaction 0% (free)
Non-financial transaction/decline $0.40
Exchange rate for transactions in other currencies Changed daily to reflect currency rates
If the Card remains inactive for 180 consecutive days, there is a monthly dormancy fee (not charged in full if this would render the balance negative):during the 1st year $10.00
during the 2nd year $17.50
during the 3rd year $25.00
If you forget your PIN or would like to change it, there is a $15.00 PIN replacement fee. There is a $15.00 fee for closing a Card account.* Processed automatically 24/7 withinin a short period of time. Maximum daily total transfer amount is $3000 USD.
** Retrieve funds from your Card balance back to your eWallet.
Limits of Card
Minimum card balance is $10.00. This amount will be deducted at the moment of the first deposit and is held as a card account closure fee. If a client desires to order another card after the old one expires - this amount can be returned to the new card account upon contacting support service.Standard
Daily ATM transaction $2,000.00
(3 withdrawals/day)Weekly ATM transaction $5,000.00
(11 withdrawals/week)Daily POS transaction $3,000.00
(8 purchases/day)Weekly POS transaction $12,000.00
(40 purchases/week)You get these limits by default while ordering the card
Limits can be requested to be increased if needed or you can just order as many debit cards as you want.
[b]2nd update FTC/USD[/b]
Now I have also found a solution to something else that others where asking Feathercoin to USD. I have a solution to this from one nice exchange and I am working in line with them to even maybe look at them providing a card through their exchange services. This tho would take a team effort of a lot of people and a lot of the community joining and making requests and even posting and voting here. You want the services the nyour going to have to at least +1 or at least get involved. Without your comments feedback company’s cant see how or if it will succeed. If feedback and votes are collected this can be sent directly to the company’s for them to monitor them self and see the feedback comments and views that it is getting from others.
[b]3rd Update FTC Investments business and shares hash renting and earning group/business[/b]
Next in line is having an investment site for FTC I am looking into this and working it in with in my own business and website.
[B]4th Part SHOCKING NEWS[/B]
Scrypt ASIC that is legit.
I wont be going into details of who the company is due to keeping their identity private currently, until I know more and they give the clear in allowing to provide such details.
The units themselves are modual based too so that you can buy right at the low end and build your way up the ladder. I will be planning a group buy for this near time in the next 3 to 4 months when I have more details and full listings of the company. The time is just an estimate at this time not a guarantee . The company who I am going with has been in the filed for over 10+ years working with FPGA technology and other stuff not just for Bitcoin but for non bitcoin related projects and they are coming together with something that is well going to blow the market away and take the lead in core development in ASIC technology.
More updates will follow of what am putting together and maybe make them into separate sections as this is an update for a few things to come.
More updates will follow this week or when I have time to.
Regards
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Scrypt asic would to me really be a downside.
As soon as you implement those suckers in a coin your “specialising” the coin so the average man can mine it.
Of course this implies that the asics has high hashrate and increases difficulty above and beyond like bitcoin…Hopefully either the company is BFL or the feathercoin devs step outside the scrypt box to stay “asicfree”
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[quote name=“wesphily” post=“20487” timestamp=“1373240439”]
FTC to USD on btc-e and mt. gox would be nice.
[/quote]FTC to USD have on one place now working with them to see what else can provide maybe if enough ask for FTC/usd on btc-e it will happen
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This would be great! fees are a bit high but I guess if enough people do it prices can start to go down.
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[quote name=“elearngeek” post=“20733” timestamp=“1373343434”]
This would be great! fees are a bit high but I guess if enough people do it prices can start to go down.
[/quote]selling 10,000 into USD = around $600 and the fee is $3 so that not a bad deal for that amount tho. I am still calculating things and working on stuff for this to work good and to work around making it fast and as low as poss on fees.
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How about adding PXC and WDC to your great project?!!! :)
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[quote name=“wesphily” post=“19653” timestamp=“1372919145”]
Will these cards have crypto currency or national currency loaded on them?
[/quote]Hey crazyearner,
Sorry if this is a little OT, but your idea got me thinking…
I just started reading this thread and am with wesphily and others on this. And actually, want to give you the tip that there is HUGE potential for a service where a person can buy one of these cards, load it with fiat currency A, have that converted automatically to a cryptocurrency - let’s say feathercoins - which they can then travel around with paying their bills which involves automatically converting from FTC to the national fiat currency they need at the time. So there’s travellers as a market. They don’t need to know about which cryptocurrency they are using, just that they have a card that can do the work of converting currencies without the hassle, at reasonable rates.
But there’s an even bigger market (in terms of volume of currency moving around) and that’s overseas workers and/or people with family overseas. Part of my initial interest in cryptocurrencies was the ability to shift money internationally at low cost, virtually instantly (and anything under 15min counts as “instant” in my experience). I’m an Aussie married to a Filipina. We support her parents and sometimes help other family members. And I can tell you there is no easy, cheap way of transferring money - and no we don’t use Western Union who are the worst kind of rip-off merchants, and yes we have looked at our options fairly extensively. The first cryptocurrency that offers this kind of service at a reasonable rate of exchange has my custom. And by the way, there are 11 million Filipinos working overseas sending money to family at home (it’s a big part of Phil’s GDP). I don’t know how many Indians, Bangladeshis, Indonesians, Burmese, Latin Americans, etc are doing the same, but I’d confidently say it’s measured in millions. Give these people an easy way to transfer money at a reasonable rate of exchange and you’ll have a massive market for your cryptocurrency. Indeed, I’d say there’s room for several cryptocurrencies to work in this space. The focus needs to be on ease-of-use and competitive exchange rates.
And then there’s this excerpt from a recent article:
[quote]Ripple exists in two parts: the XRP, a mathematically regulated currency unit similar to Bitcoin, and a payment system. Users have “wallets†on the Ripple system that they can add value to in any currency by means of an online exchange backed by a bank, like Bitstamp (Mt. Gox doesn’t deal in XRP). Once the wallet is full, that value can be transferred to any other user on the Ripple network in any currency in seconds. Bitcoin transactions, in comparison, can often take minutes to verify.
When transferring money between currencies in today’s normal international banking system, the value has to move through several entities like banks and exchanges before it gets to the end user, and each middleman takes a cut of the value. Ripple minimizes that process to one step, moving effortlessly between USD, Yen, Bitcoin, XRP, or even Icelandic Krona with just one exchange. The only charge is a tiny fraction of an XRP (currently worth slightly more than a penny), which guards against the kind of large-scale cyber attacks that have disrupted Bitcoin.
Ripple’s potential is to make businesses like Western Union, which charges an average of 10.8 percent in money transfer fees, obsolete, giving a capital influx to countries that depend on worker remittances. It could also subsume Bitcoin itself. On July 2, OpenCoin announced that Ripple holders can send money to Bitcoin users in any currency, and they will receive it in Bitcoins. The move provides access to the Bitcoin economy for the newer currency, and also creates a simple bridge between Bitcoin and other non-digital currencies.[/quote]If I knew how to do this, I’d do it myself. There are loads of foreign workers in Oz getting paid well sending money home to family, and they’re getting ripped off by the current currency exchange businesses.
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[quote name=“solasaurus” post=“21430” timestamp=“1373676838”]
[quote author=wesphily link=topic=2503.msg19653#msg19653 date=1372919145]
Will these cards have crypto currency or national currency loaded on them?
[/quote]Hey crazyearner,
Sorry if this is a little OT, but your idea got me thinking…
I just started reading this thread and am with wesphily and others on this. And actually, want to give you the tip that there is HUGE potential for a service where a person can buy one of these cards, load it with fiat currency A, have that converted automatically to a cryptocurrency - let’s say feathercoins - which they can then travel around with paying their bills which involves automatically converting from FTC to the national fiat currency they need at the time. So there’s travellers as a market. They don’t need to know about which cryptocurrency they are using, just that they have a card that can do the work of converting currencies without the hassle, at reasonable rates.
But there’s an even bigger market (in terms of volume of currency moving around) and that’s overseas workers and/or people with family overseas. Part of my initial interest in cryptocurrencies was the ability to shift money internationally at low cost, virtually instantly (and anything under 15min counts as “instant” in my experience). I’m an Aussie married to a Filipina. We support her parents and sometimes help other family members. And I can tell you there is no easy, cheap way of transferring money - and no we don’t use Western Union who are the worst kind of rip-off merchants, and yes we have looked at our options fairly extensively. The first cryptocurrency that offers this kind of service at a reasonable rate of exchange has my custom. And by the way, there are 11 million Filipinos working overseas sending money to family at home (it’s a big part of Phil’s GDP). I don’t know how many Indians, Bangladeshis, Indonesians, Burmese, Latin Americans, etc are doing the same, but I’d confidently say it’s measured in millions. Give these people an easy way to transfer money at a reasonable rate of exchange and you’ll have a massive market for your cryptocurrency. Indeed, I’d say there’s room for several cryptocurrencies to work in this space. The focus needs to be on ease-of-use and competitive exchange rates.
And then there’s this excerpt from a recent article:
[quote]Ripple exists in two parts: the XRP, a mathematically regulated currency unit similar to Bitcoin, and a payment system. Users have “wallets†on the Ripple system that they can add value to in any currency by means of an online exchange backed by a bank, like Bitstamp (Mt. Gox doesn’t deal in XRP). Once the wallet is full, that value can be transferred to any other user on the Ripple network in any currency in seconds. Bitcoin transactions, in comparison, can often take minutes to verify.
When transferring money between currencies in today’s normal international banking system, the value has to move through several entities like banks and exchanges before it gets to the end user, and each middleman takes a cut of the value. Ripple minimizes that process to one step, moving effortlessly between USD, Yen, Bitcoin, XRP, or even Icelandic Krona with just one exchange. The only charge is a tiny fraction of an XRP (currently worth slightly more than a penny), which guards against the kind of large-scale cyber attacks that have disrupted Bitcoin.
Ripple’s potential is to make businesses like Western Union, which charges an average of 10.8 percent in money transfer fees, obsolete, giving a capital influx to countries that depend on worker remittances. It could also subsume Bitcoin itself. On July 2, OpenCoin announced that Ripple holders can send money to Bitcoin users in any currency, and they will receive it in Bitcoins. The move provides access to the Bitcoin economy for the newer currency, and also creates a simple bridge between Bitcoin and other non-digital currencies.[/quote]If I knew how to do this, I’d do it myself. There are loads of foreign workers in Oz getting paid well sending money home to family, and they’re getting ripped off by the current currency exchange businesses.
[/quote]Sorry for the lack of updates and posting I have been away working on all sorts of side projects, trading fixing things and then some.
With regards to the above you said I will be looking at 3 or more card companies who I have explained a few things to regarding crypto currencies and whats what and I might be able to get something set up to actually setup and accept crypto currencies and instantly exchange on the fly and load to card, However that said and done I am awaiting on a company’s response to the ideas and business plan I have sent on to them. Getting a company to do them is simple enough, getting low fees or no fees at all is a problem and am looking at several different options on how fees can be covered by team building or affiliate marketing and using commissions in a way based on it from friends use so say your friend uses their card you get a small % back from them fees returned to your own wallet. Have enough people it soon mounts up and will cover your own fees so it becomes fee free. Once I get my hard drive back from the data recovery center Ill able to work more on this project and see about speaking to people from here who are serious on the subject of getting something put together to make this a reality.
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If you can come up with something credible, that allows for international transfer of money from one country to another, with fees that beat the other money exchangers, then I’m a +1, and will even plug it to many of the foreign workers and expats that I know.
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I’m a +1
