Topic: [ANN] Coinomat.com (Read 201161 times)

coinomat · « **Reply #340 on:** September 30, 2014, 07:29:37 pm »

Let me quote from the announcement, sorry probably I should have given a link to it
https://coinomat.com/news/en/13/
API can be used for integration into third party websites as well as for creation of web-browser plug-ins. A typical use case is instant processing of altcoin payments at websites where only Bitcoin is accepted. Also for pure crypto to crypto exchanges it is possible to offer a whitelable exchange at third party websites.

We're going to announce a contest for the best plug-in tomorrow.

Quote from: allbits on September 30, 2014, 05:49:27 pm

What are the use cases for the api? How do you expect that people will be using this? Please respond in non-technical way, if you can. I read the referenced page and it is very technical.

printshop · « **Reply #341 on:** September 30, 2014, 07:41:49 pm »

Quote from: coinomat on September 30, 2014, 07:25:01 pm

Well, probably you don't follow our developments close enough, which is for sure fine, but just let me remind you that only during last month
we have done the following:
- launched unique CoinoUSD asset, tied to USD, which created NXT/USD market on NXT AE
- listed it at Poloniex.com, creating BTC/USD market there
- Launched public API
- Listed our Coinomat asset at Poloniex, which allows to trade it for BTC
What we have in the pipeline:
- Debit cards. The agreement with the bank is reached, the separate legal entity in EU which will deal with card payments is created. Currenty we're waiting for the cards issue.
- Accepting bank transfers. We have come to agreement with a brokerage, which has all appropriate licenses to deal with money transfers in EU. At the same time we have a back up solution with a payment processing company which servers a major Bitcoin exchange.
- SuperNET participation. We will provide the exchange services for all the participating coins.
All this is quite huge, and the volume will grow A LOT.

I'm aware of those developments, I was more concerned with your trading volume. I'm sure that once you finalize credit card payments there will be some extra volume, but will it raise volume by the (minimum) 10x required to bring dividends in line with management guidance? So far your recent developments have failed to do anything for a shrinking trade volume. My question is more along these lines, how you plan to advertise your basic exchange service. Or am I reading this wrong, is your basic exchange service secondary and are you just focusing on supernet and credit card/banking accounts? Thx in advance~

coinomat · « **Reply #342 on:** September 30, 2014, 08:11:47 pm »

But all the services will be accounted for in the dividends, the transaction volume is an aggregate one for all the services and exchange directions.
As for exchange service, yes probably we're more concentrated on debit cards and bank transfers now, which can boost the volume even more than ten times.

Quote from: printshop on September 30, 2014, 07:41:49 pm

Quote from: coinomat on September 30, 2014, 07:25:01 pm
Well, probably you don't follow our developments close enough, which is for sure fine, but just let me remind you that only during last month
we have done the following:
- launched unique CoinoUSD asset, tied to USD, which created NXT/USD market on NXT AE
- listed it at Poloniex.com, creating BTC/USD market there
- Launched public API
- Listed our Coinomat asset at Poloniex, which allows to trade it for BTC
What we have in the pipeline:
- Debit cards. The agreement with the bank is reached, the separate legal entity in EU which will deal with card payments is created. Currenty we're waiting for the cards issue.
- Accepting bank transfers. We have come to agreement with a brokerage, which has all appropriate licenses to deal with money transfers in EU. At the same time we have a back up solution with a payment processing company which servers a major Bitcoin exchange.
- SuperNET participation. We will provide the exchange services for all the participating coins.
All this is quite huge, and the volume will grow A LOT.

I'm aware of those developments, I was more concerned with your trading volume. I'm sure that once you finalize credit card payments there will be some extra volume, but will it raise volume by the (minimum) 10x required to bring dividends in line with management guidance? So far your recent developments have failed to do anything for a shrinking trade volume. My question is more along these lines, how you plan to advertise your basic exchange service. Or am I reading this wrong, is your basic exchange service secondary and are you just focusing on supernet and credit card/banking accounts? Thx in advance~

printshop · « **Reply #343 on:** September 30, 2014, 08:24:12 pm »

Quote from: coinomat on September 30, 2014, 08:11:47 pm

But all the services will be accounted for in the dividends, the transaction volume is an aggregate one for all the services and exchange directions.
As for exchange service, yes probably we're more concentrated on debit cards and bank transfers now, which can boost the volume even more than ten times.

Interesting, thanks for the info!

damon · « **Reply #344 on:** October 01, 2014, 01:45:12 am »

I'm certainly happy to have coinomat asset! It's already paying out decent and it has huge potential..

coinomat · « **Reply #345 on:** October 01, 2014, 09:09:06 am »

https://bitcointalk.org/index.php?topic=805675.new#new we provide grants for projects based on our API

martismartis · « **Reply #346 on:** October 01, 2014, 09:22:44 am »

Quote from: coinomat on October 01, 2014, 09:09:06 am

https://bitcointalk.org/index.php?topic=805675.new#new we provide grants for projects based on our API

Can we renew brainstorming with coinomat about https://nxtforum.org/index.php?topic=4705.msg89120#msg89120 ?
Seems what you already have what I need

coinomat · « **Reply #347 on:** October 01, 2014, 09:39:09 am »

Sure, we can do that! Can offer you instant NXT to BTC conversion. PM me

Quote from: martismartis on October 01, 2014, 09:22:44 am

Quote from: coinomat on October 01, 2014, 09:09:06 am
https://bitcointalk.org/index.php?topic=805675.new#new we provide grants for projects based on our API

Can we renew brainstorming with coinomat about https://nxtforum.org/index.php?topic=4705.msg89120#msg89120 ?
Seems what you already have what I need

coinomat · « **Reply #348 on:** October 06, 2014, 11:09:33 am »

Weekly dividend is paid. This week we turn BTC-E codes exchange on. Debit cards will be in approximately two weeks.

coinomat · « **Reply #349 on:** October 08, 2014, 09:04:55 am »

BTC-E codes are active. IF there's sufficient interest we'll also offer the codes from other exchanges.

jefdiesel · « **Reply #350 on:** October 09, 2014, 08:14:42 pm »

Quote from: coinomat on October 06, 2014, 11:09:33 am

Weekly dividend is paid. This week we turn BTC-E codes exchange on. Debit cards will be in approximately two weeks.

Great news. Are these EU specific, or will they be worldwide? Do you know what the cost will be? And what about fees?

Really interested, and looking forward.

coinomat · « **Reply #351 on:** October 09, 2014, 08:40:12 pm »

They will function worldwide! ATM withdrawal fee will be around 3%, online payment is free

Quote from: jefdiesel on October 09, 2014, 08:14:42 pm

Quote from: coinomat on October 06, 2014, 11:09:33 am
Weekly dividend is paid. This week we turn BTC-E codes exchange on. Debit cards will be in approximately two weeks.

Great news. Are these EU specific, or will they be worldwide? Do you know what the cost will be? And what about fees?

Really interested, and looking forward.

jefdiesel · « **Reply #352 on:** October 09, 2014, 08:57:13 pm »

Will the transfer from NXT to this card be cheaper than to regular Visa/MC?

jeff jefferson · « **Reply #353 on:** October 09, 2014, 09:07:10 pm »

so whats the exact advantage of this debit card? how do i finance the account balance? do i have to send nxt to a specific address?

coinomat · « **Reply #354 on:** October 10, 2014, 07:32:12 am »

It will cost approximately the same. The benefit of the card is this is a no-name card, not tied to a personal bank account. And the transfer to card will be instant.

Quote from: jefdiesel on October 09, 2014, 08:57:13 pm

Will the transfer from NXT to this card be cheaper than to regular Visa/MC?

coinomat · « **Reply #355 on:** October 10, 2014, 07:32:58 am »

Yes, or any other crypto we support.
The benefits are:
- No-name card
- Instant loading.

Quote from: jeff jefferson on October 09, 2014, 09:07:10 pm

so whats the exact advantage of this debit card? how do i finance the account balance? do i have to send nxt to a specific address?

Abraxas 147 · « **Reply #356 on:** October 10, 2014, 12:17:43 pm »

Quote

The benefits are:
- No-name card

How can I purchase a card? To be real anon there sould be way to receive it without a shipping adress...

coinomat · « **Reply #357 on:** October 10, 2014, 12:24:30 pm »

You will still have to provide your personal data. The card won't have your name on it, though. Also it won't have any connection to your bank account.

Quote from: Abraxas 147 on October 10, 2014, 12:17:43 pm

Quote
The benefits are:
- No-name card

How can I purchase a card? To be real anon there sould be way to receive it without a shipping adress...

Abraxas 147 · « **Reply #358 on:** October 10, 2014, 12:28:38 pm »

Quote

You will still have to provide your personal data.

Who will have access to the personal data and what is it used for?

coinomat · « **Reply #359 on:** October 10, 2014, 12:36:47 pm »

It will be used to provide the customer data for the bank that issues the card. You can't skip this with current banking system, if you want to have cards with normal withdrawal limits (not $200 per month)

Quote from: Abraxas 147 on October 10, 2014, 12:28:38 pm

Quote
You will still have to provide your personal data.

Who will have access to the personal data and what is it used for?

News:

Author Topic: [ANN] Coinomat.com (Read 201161 times)