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[ANN] Coinomat.com
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coinomat

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Re: [ANN] Coinomat.com
« Reply #440 on: November 22, 2014, 08:52:27 pm »

Are there any plans to integrate Euro? I would love to be able to pay in euro using Sofort.

Ccedk has an EUR/NXT trading pair, but a very low volume... I guess others would like to do instant euro/nxt transactions, too.
Yes we're trying to be able send Sofort payments soon. They need a money transfer license, figuring out where would be the best to have it (offshore, UK....)
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coinomat

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Re: [ANN] Coinomat.com
« Reply #441 on: November 22, 2014, 08:53:45 pm »

and, i would love that, if you can add unionpay or zhifubao for RMB, althought the volume in bter is high, i still like the more direct transaction way.
Actually you can send your NXT to your Visa/Master card issued in China even now. takes 2-3 business days to arrive
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coinomat

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Re: [ANN] Coinomat.com
« Reply #442 on: November 24, 2014, 08:58:46 am »

Dividend payment has been made,
the volume grows considerably, now finally integrating bank transfers, hopefully within two weeks we'll launch it. Sorry for not exact ETA, but all bank related stuff can't be planned exactly.
Please message us if you encounter some SuperNET/Coinomat integration bugs.
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Berzerk

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Re: [ANN] Coinomat.com
« Reply #443 on: November 24, 2014, 09:18:03 am »

coinomat, how do you prevent legal issues? I see you have registered the company on British Virgin Islands. Is it expensive and hard to do that? :)
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coinomat

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Re: [ANN] Coinomat.com
« Reply #444 on: November 24, 2014, 09:31:03 am »

What legal issues? We don't do anything illegal and don't plan to. Crypto is in the gray zone, but it's not illegal. As with any innovation laws lag behind.
BVI  company registration is a rather standard thing to do, but we're thinking about some other legal structure to implement soon.
coinomat, how do you prevent legal issues? I see you have registered the company on British Virgin Islands. Is it expensive and hard to do that? :)
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_mr_e

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Re: [ANN] Coinomat.com
« Reply #445 on: November 24, 2014, 12:26:04 pm »

What legal issues? We don't do anything illegal and don't plan to. Crypto is in the gray zone, but it's not illegal. As with any innovation laws lag behind.
BVI  company registration is a rather standard thing to do, but we're thinking about some other legal structure to implement soon.
coinomat, how do you prevent legal issues? I see you have registered the company on British Virgin Islands. Is it expensive and hard to do that? :)
Its just that what you are doing is something most all crypto businesses have had a very hard time doing. No idea how you've got a bank on board with all of what you're doing.
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coinomat

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Re: [ANN] Coinomat.com
« Reply #446 on: November 24, 2014, 01:08:22 pm »

What legal issues? We don't do anything illegal and don't plan to. Crypto is in the gray zone, but it's not illegal. As with any innovation laws lag behind.
BVI  company registration is a rather standard thing to do, but we're thinking about some other legal structure to implement soon.
coinomat, how do you prevent legal issues? I see you have registered the company on British Virgin Islands. Is it expensive and hard to do that? :)
Its just that what you are doing is something most all crypto businesses have had a very hard time doing. No idea how you've got a bank on board with all of what you're doing.
what are we doing then? You sound like we're doing some incredible silkroad-like stuff :)
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_mr_e

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Re: [ANN] Coinomat.com
« Reply #447 on: November 24, 2014, 02:49:23 pm »

What legal issues? We don't do anything illegal and don't plan to. Crypto is in the gray zone, but it's not illegal. As with any innovation laws lag behind.
BVI  company registration is a rather standard thing to do, but we're thinking about some other legal structure to implement soon.
coinomat, how do you prevent legal issues? I see you have registered the company on British Virgin Islands. Is it expensive and hard to do that? :)
Its just that what you are doing is something most all crypto businesses have had a very hard time doing. No idea how you've got a bank on board with all of what you're doing.
what are we doing then? You sound like we're doing some incredible silkroad-like stuff :)
Offering coinUSD to be anonymous traded on an open unregulated market? Allowing people to fund credit cards completely anonymously? Selling unlicensed securities?

Really not trying to be an ass but there are numerous examples in history where companies have gotten shut down for far less then any of this stuff. Most bitcoin companies can't even get bank accounts at all. To get a bank in on all these anonymous transactions is something that has me very surprised in this environment. Is it really so confusing to you why people would question this? Seems like if you ever got too big you would be a victim of your own success.
« Last Edit: November 24, 2014, 02:51:42 pm by _mr_e »
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coinomat

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Re: [ANN] Coinomat.com
« Reply #448 on: November 24, 2014, 02:58:28 pm »

What legal issues? We don't do anything illegal and don't plan to. Crypto is in the gray zone, but it's not illegal. As with any innovation laws lag behind.
BVI  company registration is a rather standard thing to do, but we're thinking about some other legal structure to implement soon.
coinomat, how do you prevent legal issues? I see you have registered the company on British Virgin Islands. Is it expensive and hard to do that? :)
Its just that what you are doing is something most all crypto businesses have had a very hard time doing. No idea how you've got a bank on board with all of what you're doing.
what are we doing then? You sound like we're doing some incredible silkroad-like stuff :)
Offering coinUSD to be anonymous traded on an open unregulated market? Allowing people to fund credit cards completely anonymously? Selling unlicensed securities?

Really not trying to be an ass but there are numerous examples in history where companies have gotten shut down for far less then any of this stuff. Most bitcoin companies can't even get bank accounts at all. To get a bank in on all these anonymous transactions is something that has me very surprised in this environment. Is it really so confusing to you why people would question this?
Anonymous credit cards? What are you talking about? We don't have that.
Please what is wrong with CoinoUSD? This is a token, which can be exchanged for another token.
If by unlicensed securities you mean NXT AE,  I consider NXT AE to be a crowdfunding platform like kickstarter. The only difference is the ability to make an exit which kickstarter doesn't provide.
I'm working on starting a legal fund based on NXT AE, check Swarm to see a legal project made on Counterparty platform.

I fear you perceive us in a wrong way, I wrote extensively about crypto securities (check this for example http://blog.coinomat.com/bitcoin-stocks-here-to-stay-2/), I care a lot about compliance and don't want to neglect the law.
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_mr_e

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Re: [ANN] Coinomat.com
« Reply #449 on: November 24, 2014, 03:11:55 pm »


Anonymous credit cards? What are you talking about? We don't have that.


Aren't you supposed to be doing the anon card soon?

Please what is wrong with CoinoUSD? This is a token, which can be exchanged for another token.

Can it eventually be sent back to you for withdrawal? How is this any different then http://en.wikipedia.org/wiki/E-gold#Criminal_prosecution ?

If by unlicensed securities you mean NXT AE,  I consider NXT AE to be a crowdfunding platform like kickstarter. The only difference is the ability to make an exit which kickstarter doesn't provide.
I'm working on starting a legal fund based on NXT AE, check Swarm to see a legal project made on Counterparty platform.

I hear the US is beginning a crack down on a lot of these companies. I don't think anyone knows how it will turn out or how the US will bend the laws.

I fear you perceive us in a wrong way, I wrote extensively about crypto securities (check this for example http://blog.coinomat.com/bitcoin-stocks-here-to-stay-2/), I care a lot about compliance and don't want to neglect the law.

All that said, I'm glad to hear it and I hope that you are right. I just find it odd that so many companies have struggled to get the basic banking relationships and you are able to pull this off as though it is not a big deal. I wish you the best, I own some shares too so I just really wish to understand what my risk level is.
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coinomat

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Re: [ANN] Coinomat.com
« Reply #450 on: November 24, 2014, 03:22:50 pm »


Anonymous credit cards? What are you talking about? We don't have that.


Aren't you supposed to be doing the anon card soon?

Please what is wrong with CoinoUSD? This is a token, which can be exchanged for another token.

Can it eventually be sent back to you for withdrawal? How is this any different then http://en.wikipedia.org/wiki/E-gold#Criminal_prosecution ?

If by unlicensed securities you mean NXT AE,  I consider NXT AE to be a crowdfunding platform like kickstarter. The only difference is the ability to make an exit which kickstarter doesn't provide.
I'm working on starting a legal fund based on NXT AE, check Swarm to see a legal project made on Counterparty platform.

I hear the US is beginning a crack down on a lot of these companies. I don't think anyone knows how it will turn out or how the US will bend the laws.

I fear you perceive us in a wrong way, I wrote extensively about crypto securities (check this for example http://blog.coinomat.com/bitcoin-stocks-here-to-stay-2/), I care a lot about compliance and don't want to neglect the law.

All that said, I'm glad to hear it and I hope that you are right. I just find it odd that so many companies have struggled to get the basic banking relationships and you are able to pull this off as though it is not a big deal. I wish you the best, I own some shares too so I just really wish to understand what my risk level is.

This is a prepaid card!! you can buy a prepaid debit card in Germany at a gas station! It is not a CREDIT card god forbid.

Did you follow e-gold predicament? I sure did, the problem was mostly with extreme level of criminal activity carried out using e-gold. It was 90% high yield investment programs and 10% payment for hacker services. What could you expect to happen to them?

As for US, you can treat US any way you want but you can't take one thing from them - they support innovation. I don't think there will be a really hard crack down, current trend is not like that at least.

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Peter2516

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Re: [ANN] Coinomat.com
« Reply #451 on: November 24, 2014, 06:53:25 pm »

I just wanted to buy some NXT via Coinomat, so I start the Supernet(NXT)-client and am pleasantly surprised at the price.
But when I actually enter an order it seems Coinomat has only 0.6 BTC worth of NXT available...  ::) https://coinomat.com/#BTC/NXT
And the new Multigateway asset mgwBTC 17554243582654188572 hardly has any volume...
Do I really have to go to Bter?  :-\
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coinomat

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Re: [ANN] Coinomat.com
« Reply #452 on: November 24, 2014, 08:33:12 pm »

I just wanted to buy some NXT via Coinomat, so I start the Supernet(NXT)-client and am pleasantly surprised at the price.
But when I actually enter an order it seems Coinomat has only 0.6 BTC worth of NXT available...  ::) https://coinomat.com/#BTC/NXT
And the new Multigateway asset mgwBTC 17554243582654188572 hardly has any volume...
Do I really have to go to Bter?  :-\
Sorry they bought all the NXT, usually it's slower than that. We'll make sure the balance will more stable, it's just the volume is picking up now.
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Peter2516

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Re: [ANN] Coinomat.com
« Reply #453 on: November 24, 2014, 09:24:50 pm »


Sorry they bought all the NXT, usually it's slower than that. We'll make sure the balance will more stable, it's just the volume is picking up now.

First world problems ;) Any idea when you'll have refilled the stock?
Where are you on this scale http://coinmarketcap.com/currencies/nxt/#markets in NXT volume?
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sadface

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Re: [ANN] Coinomat.com
« Reply #454 on: November 24, 2014, 10:34:10 pm »

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Peter2516

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Re: [ANN] Coinomat.com
« Reply #455 on: November 25, 2014, 06:30:42 am »

Well, I managed to buy some NXT via SuperNET/Coinomat last night :)
That is, I was able to send BTC to the address Coinomat supplied, and the order status shows 'complete' (over 40 confirmations on the btc blockchain). But I still haven't received any NXT in my account. So unfortunately transactions are not 'instant'. Can you tell me what to expect? Are these startup troubles due to SuperNET integration and will future transactions be instantaneous, or will there always be a delay?
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Nxter

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Re: [ANN] Coinomat.com
« Reply #456 on: November 25, 2014, 08:28:53 am »

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coinomat

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Re: [ANN] Coinomat.com
« Reply #457 on: November 25, 2014, 08:49:17 am »


Sorry they bought all the NXT, usually it's slower than that. We'll make sure the balance will more stable, it's just the volume is picking up now.

First world problems ;) Any idea when you'll have refilled the stock?
Where are you on this scale http://coinmarketcap.com/currencies/nxt/#markets in NXT volume?
We're not there actually, we're not an open market exchange, maybe we don't belong there. On the other hand maybe it does make sense if we're included in the exchange list, I'll contact them.
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coinomat

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Re: [ANN] Coinomat.com
« Reply #458 on: November 25, 2014, 08:51:14 am »

Well, I managed to buy some NXT via SuperNET/Coinomat last night :)
That is, I was able to send BTC to the address Coinomat supplied, and the order status shows 'complete' (over 40 confirmations on the btc blockchain). But I still haven't received any NXT in my account. So unfortunately transactions are not 'instant'. Can you tell me what to expect? Are these startup troubles due to SuperNET integration and will future transactions be instantaneous, or will there always be a delay?
Sorry if will get better. NXT just was sold out last night, we couldn't refill it, and there were not many exchanges in the opposite direction. We'll find a way to keep the balance more or less constant, it's just we didn't have this problem before.
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coinomat

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Re: [ANN] Coinomat.com
« Reply #459 on: November 25, 2014, 08:54:16 am »

https://coinomat.com/globalstat.php

Very nice stats yesterday..  :)
Yes probably this is the top volume we ever had. Now we'll have to make sure that everything runs smoothly, since the volume should grow steadily. Maybe not like yesterday but I'm sure it will double till the end of the year. We're going to have bank wire transfers next week, organizationally it is ready, just have to do the coding.
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