How to setup irregular subscription stripe payments ...
Sugar on top of Stripe to manage subscription services ...
Stripe: Bitcoin Hacker News
Flixify - BRAND NEW SERVICE
So after having spoken to the guys and sold on the domain for a very generous price, there is a brand new Flixify service that has just started and sign up is open, however please bare in mind the following before you head there! PLEASE PAY SPECIAL ATTENTION TO THIS:- The new service is by a few members of the old Flixify team that have branched off due to arguments and moral disagreements. The new service can only be signed up for if a Registration and Subscription key is purchased and this can only be paid for in Bitcoin (BTC) through their Shoppy store and NO there isn't a Debit/Credit card option and won't be because the new team cannot obtain payment processor services such as PayPal/Stripe/Payoneer etc... The price is approx 0.014 BTC which is roughly $125 USD or £100 GBP and includes your key for sign up and a 6 month full access subscription with no limits on devices / logins and Downloads are enabled. There is NO trial available and there is NO invite system in place and won't be for quite some time. User limit is 100 users right now and they've asked that people do not click to purchase if they're not serious and cannot pay in Bitcoin. As long as it is understood that the Reg/Sub key has to be purchased first and paid for in Bitcoin then head to https://flixify.online/signup.php and go in there before they all go!
Why hasn't any big payment processor like bitpay/coinbase/stripe adopted ethereum yet?
I still use bitcoin to pay whenever I can, just to support the crypto economy, however I am starting to reconsider if the state of things doesn't get any better soon. Just yesterday I bought a subscription on twitch.tv, I paid about 34% on top in fees and still had to wait about 6 hours before it got confirmed. Surely the big payment processors must understand that this is turning people away from paying with bitcoin. So why aren't any of them embracing other cryptocurrencies that can share the load, such as ethereum? Ethereum alone has now many times the volume and transaction rate that bitcoin had when these kinds of payment processors started popping up, so there is definitely a market, right? I'd pay with ethereum everywhere if I could, and I can't be the only one who thinks like that. A few days ago I tried contacting these companies to hear what they thought. Stripe replied that they are "monitoring the situation but have no plans to support ethereum as of now", the main reason being that they didn't think there was a big enough userbase in their target market. Neither bitpay or coinbase even replied, maybe because I used twitter to ask because I couldn't really find an email contact address that looked appropriate for such a question.
Why most subscription businesses leave money on the table?
In SaaS subscription billing, some developers simply add stripe and are done with it. In many countries, people don't have debit or credit cards with high transaction limits. Sometimes monthly limit is like $200 and if someone's paying $400 for a product then charge doesn't go through. I think this is leaving 20% of money on the table which comes through other payment methods like cryptos including bitcoin, wire transfer (manual), skrill, western union, yandexpay, webmoney which is very popular in Soviet block countries.
This is a copy of the “Cashless” thread from the FAQ feel free to comment on other apps, payment methods, and your experiences with them. Many apps are country-specific, so it would be great to learn about what is working or being used across the globe for the buskers who travel. Cashless payment methods? There are several different types of cashless methods used by buskers to receive tips. These include: Creditcard Machines, Contactless, Apps, and Website Services. Here is a list of many of the methods used by various buskers. Some were designed with performers in mind, others for more general use. Service List
[International] Website. Provides one quick link to use ApplePay, GooglePay, PayPal, and plain credit card tips. You will have to set up a Stripe account to use this service, as that is the credit-card processor. (Edit: September 2020) The Busking Project is currently testing a physical credit card tap-to-tip device.
[International] Website/App. Allows audiences to pay a monthly contribution at various levels, as well as making a platform for you to provide various “Incentives” to patrons. Many performers release exclusive videos, offer exclusive video chats, and one musician I know has a level where if you contribute at his top level for a year, he will travel to that person’s location (within reason) and have a private house concert.
A credit card swiper with built-in cell connection that you can preset to a set donation. Popular with large circle shows. The most expensive way to process credit card tips here, but it does not require WiFi, internet, or your phone to use. There is a companion app for you to manage it.
[USA] Peer-to-peer app made by USA banks, many bank apps have incorporated it. Still a bit buggy, it was rushed to market too quickly in order to compete with Venmo and other peer-to-peer payment apps.
Why most SaaS companies are leaving money on table
In SaaS subscription billing, some developers simply add stripe and are done with it. In many countries, people don't have debit or credit cards with high transaction limits. Sometimes monthly limit is like $200 and if someone's paying $400 for a product then charge doesn't go through. I think this is leaving 20% of money on the table which comes through other payment methods like cryptos including bitcoin, wire transfer (manual), skrill, western union, yandexpay, webmoney which is very popular in Soviet block countries.
I bought some SQ when it was below $30, Their market cap at that time was ~10B. It has grown rapidly since then and its current valuation is 25B. I'm trying to evaluate if SQ has more room to grow for the next 5 years and beyond. Would you guys share your thoughts? I personally feel it has lot of hurdles to grow from here -
Paypal has acquired izettle, which is more widely used than Square in Europe. So, growth into Europe seems questionable since the izettle has a significant headstart there.
From payments perspective, while Square still dominates in the POS systems, Stripe seems to be preferred by large corporations like Amazon and Expedia.
From Cash App perspective, while CashApp is convenient to US market, features like instant transfers are already the norm in Europe and other nations.
Also, CashApp's bitcoin feature just seems like a short term revenue generator, and doesn't look like a sustainable revenue stream.
The main growth prospect seems to be to dicersify their revenue to subscription and services, insteas of just relying on payments. But, I am not sure if just the services and subscriptions growth can justify 25B market cap
The bedrock of present day computerized world is the Internet. Since the innovation Of the World Wide Web (WWW), our lives has never been the same With the significant presence of e-commerce in our technological world, many individuals now demand cryptocurrency payment processors. Although third-party applications have tried to bridge the gap, it has been extremely difficult for most merchants to adopt the online crypto payments due to the unavailability of dedicated crypto e-commerce infrastructure. But that is about to change with the Chimpion platform. Chimpion offers merchants with a simple yet advanced cryptocurrency payment system which comes with a settlement backend and custom e-commerce. Through Chimpion’s groundbreaking technology, merchants can accept cryptocurrency payment via the internet and at the same time launch a complete feature of e-commerce storefronts. Asides this, it gives stakeholders the option to set their preferred coin as the base currency denomination. With a dedicated wallet and a built-in incentive program, Chimpion serves as the bridge that connects the businesses to the world of digital commerce. Banana Token (BNANA) powers the e-commerce ecosystem and merchant storefronts of Chimpion exchange. The shoppers can use the token as a payment currency and as bounty incentive to committed merchants. Also, individuals can earn BNANA from Chimpion merchants by making a purchase. Merchants can gain unfettered access to Chimpion’s advanced crypto e-commerce platform without paying or signing up for a monthly subscription. Chimpion’s crypto e-commerce platform incorporates the features of popular e-commerce platforms like WooCommerce and Shopify with the convenience offered by payment processors such as Stripe. Like Stripe, Chimpion also functions as a checkout method and payment processing system. Unlike with BitPay and Coinbase, Know Your Customer (KYC) processes are not essential, as merchants have the freedom to choose between settling their funds in cryptocurrency or opt for their preferred stablecoin. The stablecoin supported on this platform includes; USDC, TUSD, USDT, PAX, and GUSD. Chimpion offers several benefits to the merchant, customer and the cryptocurrency core team in general. For the merchant, it helps to improve search engine optimization (SEO), access customers who are managing and actively trading cryptocurrency and helps to avoid chargeback fraud. For the customer, they earn BNANA tokens through loyalty, access exclusive dealers worldwide, and capitalize on high yields by buying real products rather than the expense and hassle involved in selling coins for Bitcoin. For the cryptocurrency core team, the platform increases the value, liquidity, and usability of a coin through crypto e-commerce thereby leading to wide adoption. There are plans to incorporate additional features and functions into the platform. Some of the plans are as follows; the migration of data vault from Amazon EC2 to the blockchain of the platform, the addition of plugins for Amazon import, eBay migration, and inventory control, all developed by Shopping Cart Elite and many more. In conclusion, Chimpion’s vision is to empower consumers and businesses to function effectively in the blockchain-enabled global economy. By making it easy to transact sales with cryptocurrency, businesses can now exploit the benefits of selling with cryptocurrency. Crypto e-commerce enables merchants to avoid long delays and high payment processing fees associated with conventional e-commerce For more data about Chimpion venture, check any of the connections underneath: Website Whitepaper AUTHORED BY mavopk
FINALLY !! A CHIMPION CREATION! ALLOWS MERCHANTS ADOPT E-COMMERCE THROUGH DIGITAL CURRENCY
https://preview.redd.it/kj0mt2cfofe21.png?width=1600&format=png&auto=webp&s=69476eb9d1653873ca82eacbb408c14008af7cc3 INTRODUCTION Since the inception of cryptocurrency and the bitcoin technology, there has been different platform and trading for cryptocurrency blockchains, we know that the bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries. Chimpion is an all in one ecommerce, point of sale, digital wallet with crypto to fiat settlement system. Chimpion’s is launching e-commerce storefronts that allow merchants to accept cryptocurrency payments, choosing their favorite altcoin as the base currency denomination and allowing the merchant to settle their crypto into fiat through a stablecoin. Chimpion (CHIMP) provides merchants with a simple yet sophisticated cryptocurrency payment system with a custom e-commerce and settlement backend. Through Chimpion’s innovative technology, merchants can launch full-fledged e-commerce storefronts and accept cryptocurrency payments online, with the option to set the coin of their choice as the base currency denomination. With a built-in incentive program and dedicated wallet, Chimpion gives businesses a seamless connection to the world of digital commerce.
THE CHIMPION BRAND
Chimpion is derived from the word “champion”, to signify both the coin’s superiority over incumbent cryptocurrencies and the organization’s core mission of championing the adoption of crypto for e-commerce. The word “champion” has a similar pronunciation in many widely-spoken languages, making Chimpion a highly relevant name to numerous cultures. Monkeys have historically played an important role in both Chinese and Indian culture. The chimpanzee was chosen as a mascot to represent Chimpion because of the species’ association with exploration, being one of the first animals to travel into space. Likewise, Chimpion is pioneering a new era of transacting by driving the adoption of cryptocurrency for e-commerce. Chimps are also known to be highly intelligent compared to other animals, even surpassing human memory of numerals in some cases, which symbolizes the benefits of a blockchain-enabled economy. Highly community-focused and even capable of empathy, altruism and self-awareness, the chimpanzee is a fitting symbol for Chimpion, which aims to drastically improve the way humans exchange value.
Chimpion (CHIMP) powers our merchant storefronts and e-commerce ecosystem. It is the bounty incentive to onboard merchants in an effort to drive adoption. CHIMP will also be the base currency denomination in the Chimpion Store, which will feature our exclusive apparel product line along with gift cards from major retailers and merchants from the Chimpion directory. Banana Token (BNANA) is the reward layer of the Chimpion ecosystem. BNANA is earned through purchases from Chimpion merchants using CHIMP or any other cryptocurrency. BNANA functions like points on a loyalty card, which can be redeemed for promotional offers, discounts, and exclusive products.
Chimpion is hosted on the EOS blockchain using Delegated Proof-of-Stake (DPoS). DPoiS, a method invented by Dan Larimer, resolves many of the problems seen in Proof-of-Work (PoW) and Proof-of-Stake (PoS) systems. In a DPoS system, a technological democracy is created by a community of block producers and staked users that agree to a certain set of rules. DPoS and PoS are two different protocols; in a PoS system, every wallet that contains coins is able to participate in process of validating transactions and forming consensus, thus the more coins in your wallet, the more coins you will eventually receive. With DPoS system every wallet that contains coins is able to vote for representatives. These representatives validate transactions and form consensus, and are paid for their efforts through the system. This avoids a pitfall of PoS, which is that, just like in PoW, consolidation will eventually occur.
Chimpion’s crypto e-commerce platform is powered by a unique, delegated proof-of-stake (dPoS) consensus. Our engineers have developed the Proof-of-Store as Proof-of-Stake (poS as PoS) protocol, allowing any Chimpion-powered merchant storefront to become a masternode on the CHIMP blockchain. The Chimpion blockchain will initially operate in the form of an EOS smart contract, which will migrate to its own chain upon the launch of our mainnet. This will enable us to integrate our advanced e-commerce platform with a secure smart contract blockchain that will feature loyalty rewards, dApps, and token creation for our merchants.
By holding Chimpion (CHIMP), merchants gain access to Chimpion’s robust crypto e-commerce platform for free, without a monthly subscription fee. Developed by Shopping Cart Elite, Chimpion’s crypto e-commerce platform combines the features of popular e-commerce platforms like Shopify and WooCommerce with the convenience of payment processors like Stripe. Our cryptocurrency storebuilder does not require any additional plugins and will be further enhanced with future dApps. Chimpion also functions as a payment processing system and checkout method, similar to Stripe. Unlike with Coinbase and BitPay, Know Your Customer (KYC) processes are not necessary, as merchants can choose to either settle their funds in cryptocurrency or automatically sell for their preferred stablecoin with assured privacy. The following stablecoins are supported: USDT, TUSD, USDC, GUSD (NYDFS-approved), and PAX (NYDFS-approved).
Chimpion’s in-house developed proprietary system is currently being migrated to EOS and includes Paytomat Core in the form of an EOS smart contract and services responsible for maintaining merchant accounts and balances, merchant interfaces (Merchant Web Panel, Merchant App, POS integrations, and e-commerce plugins), and consumer apps (non-custodial cryptocurrency wallets).
Chimpion’s primary goal is to grow the adoption of cryptocurrency as a payment solution by creating a rich e-commerce platform centered on digital assets. We look to not just onboard merchants, but also to create partnerships with the core teams of established crypto projects. Through Chimpion, new startups and established merchants alike can utilize our vast network and propose their business concepts to various cryptocurrency projects. If core teams do not take notice, Executive Diamond Node holders can vote to select that project to receive funding. As an example, take the following scenario: Carlos wants to start a dress shirt brand by launching a Litecoin-denominated storefront through Chimpion, where all products are listed at 1 LTC regardless of price volatility. He wants to cater to the Litecoin community so he buys a given amount of CHIMP and submits a proposal to receive funding. Carlos needs $20,000 as initial capital and a $5,000 monthly allowance. The Chimpion community votes in favor of his project, so he receives the funding in CHIMP and his storefront is listed in the Chimpion directory. Charlie Lee, founder of Litecoin, takes notice and promotes Carlos’ business to his 700,000 Twitter followers. By pairing the right concept with the right core team, Chimpion creates an ecosystem where real businesses selling physical goods and services will help drive the adoption of various cryptocurrency projects, benefiting everyone – merchants, developers, and investors. Our target audience consists of three customer types including cryptocurrency core teams, merchants wanting to accept crypto, and customers paying with crypto.
The Chimpion network will be secured with 256 bit SSL encryption and advanced security measures will be taken to ensure privacy and data protection. The Paytomat centralized merchant dashboard and Shopping Cart Elite databases will remain on Shopping Cart Elite-hosted servers and the database vault will be hosted on Amazon EC2 for the duration of 2019. In 2020, the database vault will be migrated to the Chimpion blockchain.
BCD PAY WALLET
BCD PAY WALLET is integrated with #chimpion network, it is a mobile wallet that can be downloaded from google play store with a friendly and an easy to use interface. Every smartphone could become a sophisticated banking platform where users can transact and place orders on the go. Users can use it to send and receive a vast range of digital assets, pay for deliveries, shop online securely because it has the latest security functionality. BCD PAY WALLET GOOGLE PLAY DOWNLOAD BCD PAY WALLET APK ANDROID DOWNLOAD The mobile application will also be made available on iOS (Apple Play Store) soon, the app will serve as a mobile payment gateway, users will be able to use digital assets to pay for services rendered to them instead of the use FIAT (Government issued currency.) that was traditionally used for payment. The wallet supports all ERC-20 tokens, all EOS tokens, Bitcoin Diamond, Bitcoin Core, Litecoin, Dash, Ethereum, Waves, Bitcore, and many others. https://preview.redd.it/6eqhiljgpfe21.png?width=1717&format=png&auto=webp&s=5063a80e5dddbba589ee7a9a1037b25b86dfa6a4
CHIMPION CURRENT MERCHANTS
Mahone’s Wallpaper Shop
ABOUT CHIMPION TOKEN (BNANA)
BNANA is the abbreviation of CHIMPION TOKEN which was created on the EOS blockchain, it is EOS compliant. BNANA is a digital asset that is virtual & electronic which will be used as the standard mode of payment for services rendered on #chimpion platform. Users or holders can purchase merchandise from any merchants on CHIMPION powered online stores without any hiccup.
COIN NAME: CHIMPION TICKER: BNANA NETWORK: EOS COMPATIBLE TOTAL SUPPLY: 100 BILLION BNANA
Questions regarding t-shirt business about literally everything
Hi. I am trying to start an online clothing business(mainly starting out with t-shirts)and I have ALOT of questions I want to ask. Bare with me because I am a complete newbie when it comes to this topic which is why I came to Reddit to request help from the professionals. It is a lot of questions but it could also help others as well who are wondering the same thing as me. Thanks in advance! P.S. Sorry for the wall of text..... First off, the manufacturer: What company has a reasonable price while maintaining good quality products? I looked into this one a bit and I came down to American Apparel, Next Level, Bella Canvas, etc. I want to ask to those who have used these companies to create your products: is it actually worth the money and how does it feel? The quality of shirts from these companies may be good however I feel like as a business starting out, it could be a bit pricey. I would love to know about companies that have exceptional quality products yet cheaper than the ones I listed if possible. Printing Method and screen printers: This one is a bit tricky because there are several methods when it comes down to printing designs. I've read multiple posts on other forums and I still have a hard time understanding as to which x method is good for y quality shirts or which method is used for what kind of designs. I would appreciate if someone could break it down and literally explain it to me like I'm 5 years old. Also from your guys' first hand experience, which screen printers would you recommend? Just like the t-shirts, I'm not looking to spend an overbearing amount as a startup so I'm looking for quality screen printers, but affordable at the same time. Custom Tags: I'm pretty dead set on having custom tags with my company logo on it but I'm not sure what other information are needed. What I see on a lot of tags are wash instructions, where it is made(new Zealand for example), and material such as cotton. I'm wondering what is legally required to be written on the tags and what can I customly write on my tags. Hang Tags: This I don't have a very good idea as to what is a good price, what is needed on it, or if it's even necessary at all. I have seen many brands with hang tags and it does make them look a lot more professional but I am wondering if it's even worth the investment. Will boost my sale? Is it worth the hassle? If so, I'd like all the information available such as the best manufacturer for hang tags and what is considered a good deal on them. Custom Package: In order for our company to stand out more so than others I want to create a unique packaging. I feel as if clothes are limited as to how you can make the customer feel more appreciative. With a unique packaging, I want the customer to feel like they're getting their moneys worth as well as something a little more than just a shirt with their purchases. I would appreciate it if someone who uses or used packaging can provide all the details such as: manufacturer, price (what is considered cheap), and what should be included in the packaging.(such as details, etc) www.howtostartaclothingcompany.com/t-shirt-packaging/ This website is a good example of what I am talking about. Inventory: I've read an article that suggested that 36 is a good number for startups. It explains that 1-2-2-1 or 1-1-2-2 (1-2-2-1 meaning 1 small – 2 medium – 2 large – 1 X-large) is the best sizes you can have. 36 products will be 6-12-12-6 following the method above. However, I also want to hear your guys' opinion on what the best way to stock your products is. The most conservative method that will have the products when needed but can order more and waste the least amount. Shipping and handling: What do most clothing companies use to ship their products throughout the state or out of state? Which shipping company is the most cost efficient, reliable and fast? Registering the company: Is it necessary to register as LLC even if it is an brand new online store and I don't know the outcome of our store? Please in detail inform me why. Refunds: I've noticed a lot of websites that have 100% guaranteed refunds. How do they deal with this? What are some other common return policies that will satisfy the customer yet will give me the upper advantage and what do i do with the returned items if it's faulty? And what if there's nothing wrong with it? Also I'm sure there are people who'll have many reasons, even it may not be the item's fault, that'll make up reasons to get a refund. What do I do in that case? Website: Everyone needs a website. However, I want to try to use the website as a "unique shopping experience" to attract customers. Is it worth it to spend a lot of $ on a custom website to use the website as a form of advertisement, meaning people will be at awe at how different and unique the website is compared to other shopping websites. Obviously the products will be on par with the website so it won't be so one sided.(Good website and good products) Promotions and mailing list: When you first enter a website, you sometimes see a popup that asks you to sign up for a mailing list. I'm wondering what information I should include on the promotion popup and the emails I send out to our mailing list subscribers. Also, what are good ideas for promotions? Payment Method: I want the customers to have as many choices as possible when purchasing our products. Some payment method I have in mind are credit card, Paypal and bitcoin if possible. I'm wondering to those who have an online shop and make daily sales, which company is reliable and efficient with the lowest transaction fees and will earn you the most in the long run. Also I'm wondering if it is possible to get scammed such as drawbacks on Paypal and how to go about it if that were to happen. Some online payment companies I have in mind: Paypal and Stripe Legal Policies: I'm not quite sure how to write the FAQs or privacy policies but I do feel like it is a way to gain the customers trust. I'm wondering if I need to hire a lawyer to write the legal stuff or if there is any other way of approaching it. Subscriptions that could boost the sale: I was wondering if paying the subscription fees to sites like Amazon for $40 a month would be a good idea to boost our sales up. Also another idea I have is paying for a live support such as Zopim for around $20-$25 a month to potentially increase our sales in that form. I would love to hear your input on this. What are some tips on making your store look as legit and professional as possible? How do I gain the customers trust? Any tips that you've learned over the course of time will be an abundance of help for me. San Diego Area Manufacturers and Printers??? Before I settle on an actual online manufacturers, I want to see if local companies can create amazing products that are on par but for a cheaper price. I also want to learn the different types of printing method so I have a better idea of which design suits better for each method and material. Of course this is a question for those who live in San Diego area that share the same passion as me.
Best of the best Q&A Stephens and Shingos. Universall Wallet, Fiat Gateway, BQX Token, Security, Predictions, Supply
Shingo, [28.10.17 20:27] We have our ideas about how we think businesses could use blockchain, but as we all know, we have seen people come up for use cases of blockchain in areas and industries that we could never have imagined. What is important for us is to make sure that we build our platform as generically as possible since we really do want to build up an ecosystem on top of these open protocols. This is much akin to what RedHat does (which is package up and support the open source Linux software). Another way to look at it is where we sit on the tech stack for blockchain. For those of you who are familiar with the OSI model, we sit in the blockchain equivalent of layer 5 or 6. Ethereum is an incredibly powerful layer 4 tool that facilitates an ecosystem that we are trying to build. People who built on top of Bedrock would be layer 7. Our consumer facing products would also sit at layer 7. I think a lot of people are taking the wrong approach to blockchain with regard to businesses/enterprise. To my knowledge - I haven't seen anything that a private blockchain does better than a well organized database and data schema - and I don't think blockchains were ever designed to be data storage mechanisms since there are no inherent advantages that the structure gives. What blockchain does afford is the infrastructure to rethink public structures and to distrupt current trust models. In other words - two participants in the NASDAQ markets can't trust each other the same way that two employees at Microsoft can. What we are trying to do is package up open protocols for real business use cases. Instead of building Ethereum clones on Azure, build a financial structure on Ethereum Mainnet Shingo, [16.11.17 17:19] [In reply to Josh: I’m wondering how much BQX would I need to spend to use the platform? Is it gonna be a subscription thing or pay per use?] We are making a rate card - it really depends on what features you want. We want to make it free and painless to a newbie user. A lot of the tokens will likely be consumed in our Enterprise services and API services since we want to be charging more to companies than individual consumers. We will release more information once it is ready! stephen corliss, [26.10.17 23:20] [In reply to Long Ton: Will there be uses for the BQX token not previously mentioned? Tricks up the sleeve?] Interesting proposition though isn’t it?.... I’m not sure about all-purpose but it surely has many. During the early stages of any company, you can only analyze what you know and then adjust for future events using 2 or 3 risk variables. As we cannot reveal the entire picture just yet, what you should be sure to do is at a minimum analyze BQX based off of the Whitepaper. As long as you have this, as new information comes out all you will need to do is amend your model. Much easier this way. stephen corliss, [15.11.17 14:51] [In reply to Aamir: Sorry if this question has been asked before. As you were the COO for blackrock a few years ago, could there be a potential partnership in the future?] I would answer this broadly. Considering my long history with our traditional side brethren, I would say that it would be silly, if not irresponsible, of me not to leverage relationships and networks. So, because we are building a Multi-Sided Hybrid Financial Platform that solves real problems for BOTH consumers and businesses, both financial and many others, I would fully expect that we will leverage all of these relationships pre and post my time in global finserv to bring them into our eco-system. Shingo, [02.09.17 01:24] [In reply to Zev Rector: how do the baskets get made?] Wallets will be entirely user directed and owned. Universal wallet is like a keychain and one-click diversification is like automated shapeshift with order bulking stephen corliss, [22.08.17 23:54] [In reply to Andrew: stephen how does bqx manages the liquidity component? Is there an authorised participant in the picture similiar to a traditional etf? I also assume there will be fee savings from investing into various baskets? And will there be fees from switching the allocations of the underlying basket trades?] Hi Andrew, Our liquidity network solution acts as an aggregator to keep costs down, a bit similar to an AP for etf's but not the same. Switching Fees exist but again they are minimal because of how we dynamically manage liquidity. Andrew: also, who will manage the asset allocation on each of the baskets? And how is each basket priced? Users will through our UI which also provides rich information to help guide you. It is so slick & powerful but extremely intuitive. Pricing is realtime from api's.
stephen corliss, [14.11.17 04:24] [In reply to JiMMy Choo: Can i ask what a UW is stephen] Our UW is an intuitive, self-custodied universal wallet that allows users to safely store, manage, leverage and “further monetize” their crypto assets in one place while maintaining complete control of their private keys. stephen corliss, [13.10.17 13:09] [In reply to lilee: Any option for Bqx wallet user to further leverage their cold storage asset ?] Ah, I’ve been waiting for this question for a while. Maximizing the value of users assets is a major game changer. So, yes we will have some exciting things happening here. Keeping the details confidential for now so as to keep the copycats at bay... stephen corliss, [29.09.17 13:04] [In reply to Inigo: Bitquence wallet would be compatible with all criptocoins? Yes, some coins, like POS, will be added in later phases due to their complexities and may be offered as a premium service] stephen corliss, [19.09.17 15:29] [In reply to George: Maybe I don't fully understand the concept, but I think it's essentially going to be like a wallet where u can keep any currency and also exchange currencies?] The Universal Wallet delivers "Single point coin storage and security", which can be connected and disconnected to the Bitquence Platform when managing coins whether acquiring more, reshaping or liquidating. To enhance the self portfolio management features, users can acquire intelligence (Prediction, user performance, etc) from others on the platform enriched with custom market research data to better manage and diversify all with only a simple click. The UW will also enable payments to anyone/anywhere. This is only the tip of the iceberg as we have several additional unique and powerful features planned that will transform consumer self financial management in a way where we swing the pendulum of control and leverage back to consumers and away from dominant large conglomerates. stephen corliss, [08.10.17 19:52] [In reply to Donkey Emporium: Have you looked into integrating your wallet with the 0x protocol? - Yes everyone has myetherwallet but would be cutting edge if you could integrate somehow with your universal wallet] This is such an important point so I hope I can be really clear. As we believe price-discovery is the difference maker when acquiring or liquidating anything of value, model optimization isn’t by yourself trying to deliver another exchange but rather by connecting to as many providers of liquidity as possible. So, with this in mind, our business development and strategic partner initiatives will include all essential sources of liquidity both new and established players. Donkey Emporium: Ok, so most likely you'll be acting as a gateway to those exchanges (paradex, melonport, ethfinex etc) - sticking to your core USP even with your liquidity layer.] It is much more dynamic than just that but at one level yes. Again, this is a new model so let me keep some things under wraps but if there is one thing I’ve seen quite a bit of over my years is trading systems, alternative trading systems, exchanges, RFQ platforms, crossing, dark pools and many more, and the best execution venues are never ones that are based off a single premise but rather those that are the most flexible and dynamic. stephen corliss, [18.10.17 15:41] [In reply to Tamer Khalayleh: BQXStephen there may be answers to this which ive missed but ill ask anyway as it can benefit others also;
Are user interactions possible? Send message to user or chat?
Is it possible to store what ive invested into a portfolio to see how it develops over time (like blockfolio)? If yes, will you have access to look into other ppls portfolio? Say user has enabled setting letting other users see my port (user should have 1k bqx to be able for this feuture)
Are correct predictions rewarded? Say reward x if over 90 % right, x if > 80 % right
Any "wall of fame" for top 10 users with most correct predictions?
Ability to follow a users activity? User x has invested in this/that or any of this kind?] Awesome questions. I’m hesitant to answer as I usually do because I think it is time to protect our competitive advantages. Competitors love our forum because of our transparency but we know their prying 👀 are there. Let me think about how best to answer as these are all important questions. Give me a minute.
Okay, my top secret evasive answers to all your 5 questions are, YES, YES, YES, YES, YES, Or said my way, Damn straight! Our plans to continuously build out Release 1 (Amber) are powerful. No messing about here. stephen corliss, [23.10.17 00:09] [In reply to Harshad Thakar: What is your plan for security auditing of all the cool ecosystem n features implementation Shingo and eng team have been and will be working on?] I will defer the more intelligent answer to @Shingolavine but I would remind everyone the we are an upper layer in the stack that is a connector of sorts, looking and working across multiple chains. This means that we will have on and off chain activities and processes that involve both crypto specific and non-specific technology. We will employ highly detailed auditing of all essential components especially those involving smart contracts. As our structure will involve numerous highly scrutinized businesses / industries I can assure everyone that this platform will be put under a microscope for many reasons. Shingo: Smart contracts we have done security audits. APIs are mostly unit testing and making sure they do what they are supposed to do. Front end mostly selenium. Pretty standard stuff. Testing/Security is all about following best practices and being paranoid stephen corliss, [23.10.17 04:12] [In reply to Emmanuel Bergeron: hello i have question, suppose i am holding omisego tokens and i am getting a dividend from holding the token , if i were to use the bitquence wallet to keep my OMG coins, will i still get my dividend ?] Yes. However, as the complexity associated with solving for certain POS coins is variable, certain coins “may” be made available and considered premium, thus requiring users to pay a premium based fee to add complex coin structures to their UW. (example - POS coins who restrict users to using a coins unique wallet.) stephen corliss, [15.11.17 00:33] [In reply to Sean Considine: Will the Universal Wallet support ALL coins (all 1200+) or just the top 100 as shown on the Predictions page?] If you didn’t get a straight answer that is not good. So, at launch, it will be a subset of the total and will grow as we grow where the top 100 are good candidates for launch. As we grow, expanding the pool quickly will be essential as the UW must strive to support all assets as quickly as possible, even those more trickier ones like POS coins. stephen corliss, [16.11.17 13:09] [In reply to Josh: I’m wondering how much BQX would I need to spend to use the platform? Is it gonna be a subscription thing or pay per use?] Its will be pay per use. We will have other premium options payable in one time fees or subscriptions depending on the product or service but entry is made quite simple.
stephen corliss, [10.10.17 19:04] [In reply to momo: Will the application support crypto to fiat , if so how it will work and what type of methods (bank transfer, credit card withdrawal,etc )?] Our fiat model will be dynamic and multi-faceted to ensure simplicity for the consumer. The total # of options and flexibility will grow as we move along our roadmap and across national boundaries. We are keeping this close to the vest at the moment as our strategy and model is powerful and will allow us to maintain a significant competitive advantage. stephen corliss, [20.10.17 14:24] [In reply to Sookee Yong: "Fiat integration " this is what will make bqx sky is the limit] Yes!! but there is such thing as a bad, better and best fiat strategy so the trick is to find the one that delivers the most flexibility and simplicity...! This is where one can deliver product differentiation if they get it right and don’t rush out a bad solution. stephen corliss, [02.10.17 13:06] [In reply to Zh: It seems like fiat integration is almost a certainty and just a short matter of time before it is indeed integrated. Am I right to say this?] The solution is the heavy load so we have that in hand. So, yes we can now choose when to add it rather than be forced add it at a much later date because we didn't hv the solution. Its all about dev now so that is much easier to deal with. Zh: Sorry, what do you mean by the solution is heavy load?] Stephen: Solving for FIAT is significant both on the dev side and the legal side. The legal side is the furthest thing from easy or short so we tackled that side first. Its basically done. stephen corliss, [21.09.17 15:17] [In reply to Suppoman: Incredible! So re hardware wallet, you anticipate BQX support using another, or bringing out a Bitquence hardware wallet that competes with Ledger?] We haven't quite decided that one yet as we do enjoy the Ledger Nano S. We are also contemplating a Card 💳 for the UW as well! stephen corliss, [08.10.17 19:09] [In reply to Greg: For me it's also quite long with fiat integration but Universal wallet will be soon next year so it's big advantage. Fiat i think is for a reason so late and i'd rather to be surprised if it will be sooner then later] Remember, I revealed this before. The most challenging part of fiat is finding and securing the model necessary to do this legally. We have this in hand and, in fact, it is the most viable universal solution possible. Don’t know anyone else out there who can say this. Now, solving for this allows us to focus on design and structure and deliver the functionality earlier than originally planned by at least 18 months. With our fiat solution now in hand, we can deliver fiat functionality basically anytime along our roadmap. Timing Precision is key here for numerous reasons so the great thing is having the flexibility to move it forward if necessary, which is what we now have. stephen corliss, [15.10.17 22:13] [In reply to Johnson Berce: Can someone explain to me this issue I am thinking about . These debit cards. If in my bank I have 1$ I have $1 to use in my bank account . With a crypto debit card if bitquence is $1 and I go to McDonald’s and the price drops to .60 cents . This is my problem how can this be resolved] When we design the model for the longterm there are some things we can do but as folks have said, if you are holding anything but the currency needed and accepted by the receiving party, price conversion is inevitable. marking-to-market. I don’t want to say too much publicly ( 👀) but hedging and other basket strategies that involve uncorrelated assets can limit price volatility. stephen corliss, [23.10.17 00:57] [In reply to Tertius De Bruin: Will u guys be implementing an instant buy funcition and if yes how will the feed be in comparison to using exchanges?] Fantastic Question!! I hate the current model employed by most of those in the industry. I don’t see any way to validate the premium one has to pay just for the sake of simplicity. Every fee paid, every basis point spread between the best bid/offer that a consumer pays means less in your pocket. We will not treat customers this way and we will always be 100% transparent UPFRONT. stephen corliss, [23.10.17 15:10] [In reply to Tamer Khalayleh: You're planning for your fiat integration as we all know - do you have any plans to include more than USD, EU currency?] As you know, the answer to this is entirely dependent on the chosen strategy. If one chooses a payment gateway provider, for instance, the breadth of coverage is entirely driven by a partners market coverage. Personally, I believe in this space, where customer residency is so widespread, any solution that overlooks this fact pattern is a big mistake. So, our intention is to not make this mistake. We have yet to complete the full analysis but our desired outcome is clear and we will do whatever is necessary to ensure the best results for our users. The model we are leveraging is quite powerful as I believe it opens up all avenues so this does afford us some creative license in our final design. stephen corliss, [29.10.17 22:55] [In reply to Les: Will I be able to have direct deposit from my employeer to Bqx wallet?] Ha! Another question I’ve been waiting on so thank you for asking. If you begin to piece together our big vision (and we know we haven’t revealed everything yet) I believe you should begin to see a theme. So, I’m going to answer this very honestly, YES we see this as a very viable option as we validate our model and secure the confidence that is necessary for big business to embrace.
stephen corliss, [28.10.17 22:34] [In reply to Ezz: Can i know what will be the use of BQX token itself] The token will power all of the transactional activity that will be made possible by the Bitquence Platform including fiat integration, basket creation, unique data and research generation, risk mitigation, fund creation , distribution and management, and so much more. Ezz: How will power all of this I mean from where it will gain value Stephen: Each one of he mentioned services, and a lot of others to be revealed soon, will require BQX. Thus all stakeholders in the eco-system will have to acquire, hold and use the BQX utility token in order to benefit from a wide array of dynamic products and services. Shingo, [14.10.17 06:39] [In reply to ChunLin Wu: If the platform need BQX to access, how to attract lots of investors to use the platform if the token price is high?] Fees can be dynamically adjusted based on demand for services and token price. If this is our biggest problem, I'm sure we will have the money to solve it :) Stephen: We can manage any price variables dynamically to ensure BQX fees are commensurate with the product and service to keep entry open to everyone. stephen corliss, [14.09.17 11:40] BQX are essential for users to access services on the Platform to pay transactional gas related to Basket Creation and the Universal Wallet. Although not necessary, users can also seed their baskets with BQX, hold BQX in a Basket and also in their Wallet. At some later stage, we may offer customized baskets that we manage for customers but that typically involves a specific financial license that we don't wang to entertain as of yet. Stability is not necessarily essential for "gas" as if the value of a token becomes too high or too low there are steps we can take to self adjust to ensure customers can afford to pay gas, like managing token inventory. stephen corliss, [19.09.17 15:20] [In reply to George: Will people be able to use the nutrients platform without actually purchasing bqx coins??] Only certain features are accessible without BQX. At present they are the social and prediction features. The basket and universal wallet features will require BQX to access. stephen corliss, [20.09.17 16:20] [In reply to JiveTalkinRobot: Many in here expect BQX to "moon" in the secondary market, isn't that counter productive?] Our objectives are to ensure the token price represents the value of the service. If its too high, we risk pricing out customers. If its too low, we potentially operate at a loss or have to increase fees, which may also upset customer dynamics. This is something we must manage carefully so we will use all the tools in our toolbox to ensure a proper balance. Shingo, [20.09.17 20:47] Also for questions about what BQX does - it is a functional token with a variety of uses on the platform. Most notably, we have been talking a lot about having it be an API access token as well allowing people to build applications on top of the Bitquence ecosystem. This could potentially be very powerful in the same way that Stripe created a standard API to create payment networks. stephen corliss, [23.10.17 22:14] Another way of saying this is those acquiring tokens need to understand all of the functional use cases for any coin. When deriving value for anything, one must understand all of its inputs and outputs. To keep this simple, Inputs are fees / revenues and Outputs are Costs. Why Outputs? Well, if we want to forecast price / fee levels one will need to understand where break even is before moving on to volumes, customer growth, inflation, etc etc. This is somewhat of a typical fundamental analysis. I think we agree just say it slightly differently. There are other variables in this space but I think this captures the gist.
stephen corliss, [28.10.17 22:58] [In reply to Nico: actually i just want to know if the process of evaluation of the predictions, will be completly done by humans or partly by humans and automated?] Predictions itself will initially involve human interaction. Once the unique data is created it will then be enriched with other data including social and a broad array of conventional and unconventional data. So, it is a bit of both. Harshad Thakar: So the way I understand it is as follows [a] Combination of predictions + Intelligence Hub & UW build foundation for an extremely powerful platform that wll be used to addresse the obstacles around mass adoption. [b] moreover the intelligence hub (with various types of data) can be monetized by Bitquence by offering various service models for the partners/builders and they will need to use BQX token as gas; resulting in demand for the tokens n hence the increase in its value over long-term. Stephen: Yes, with the many numerous other products and services that we are keeping under lock and seal to protect our first mover advantage. Each one of these will significantly increase demand for BQX as it will also be needed for gas, access, etc stephen corliss, [08.10.17 22:24] [In reply to Donkey Emporium: With your predictions would you essentially be able to buy futures contracts on cryptocurrencies? - like via the CME?] Not initially as this would clearly trigger derivative registrations across all major markets, which is not ideal at this stage both from a capital consumption and strategic plan perspective. However, because of the legal model we will build everything on we can hook into other CFD providers quite easily and still comply with rules across multiple juridictions stephen corliss, [09.10.17 14:16] [In reply to Greg: Number of predictions will be limited somehow? Otherwise if there is no risk to bet, people can make many predictions and just hope for lucky shot. Or there will be some points and reward only for top points user?] Only one prediction per user per coin per contest
stephen corliss, [03.11.17 15:17] As you know, BQX has a Total Supply of 222,295,208. Of This Total Supply, 40% was reserved “exclusively” for the liquidity pool, which means 88,918,083 BQX will never become part of the Circulating Supply. The Liquidity Pool should be thought of as simply a source of collateral, not to be bought or sold in the marketplace. This leaves a MAX Circulating Supply of 133,377,125 where 71,883,993 are currently in the marketplace. The remaining 61,493,132 tokens are for Operating Purposes and will be added “only gradually” to circulating supply as/when the company uses them for technology, operational, and other related costs on a monthly or reoccurring basis. I hope this helps. stephen corliss, [03.10.17 13:06] [In reply to Max: Where do these coins come from ? If the supply is limited and people can't lose coins with bad predictions, won't you run out of coins and be unable to pay rewards at some point ?] BQX is used by users to pay transaction fees so this is important to not overlook. Second, in the immediate phase, additional BQX pools were created from mining during the token sale, which we can draw from for these marketing related costs. Thus, we will not run out of tokens as there will be fees coming in. stephen corliss, [03.10.17 14:14] [In reply to Yoyo: So how would new bqx enter the market] The pools are something to not overlook as they are drawn from for various corporate expenditures including marketing and outsourced activities such as content and data generation as just one example. Other potential programs we will offer (think of them like you would POS but it is not a direct correlation) to reward users can involve common elements such as rewarding users who develop a "following" on the platform, rewarding users for inviting and bringing new validated users to the platform, creating investment strategies that are desired by other users, I will stop there as the rest are highly confidential at the moment... Don't want to tip our hands to all of our competitors but I assure you that these other programs are transformational and extremely powerful that benefit users in 2 ways, first with a powerful user experience and secondarily as additional ways to generate rewards.
Adding to another Exchanges
Shingo, [28.10.17 20:27] We have our ideas about how we think businesses could use blockchain, but as we all know, we have seen people come up for use cases of blockchain in areas and industries that we could never have imagined. What is important for us is to make sure that we build our platform as generically as possible since we really do want to build up an ecosystem on top of these open protocols. This is much akin to what RedHat does (which is package up and support the open source Linux software). Another way to look at it is where we sit on the tech stack for blockchain. For those of you who are familiar with the OSI model, we sit in the blockchain equivalent of layer 5 or 6. Ethereum is an incredibly powerful layer 4 tool that facilitates an ecosystem that we are trying to build. People who built on top of Bedrock would be layer 7. Our consumer facing products would also sit at layer 7. I think a lot of people are taking the wrong approach to blockchain with regard to businesses/enterprise. To my knowledge - I haven't seen anything that a private blockchain does better than a well organized database and data schema - and I don't think blockchains were ever designed to be data storage mechanisms since there are no inherent advantages that the structure gives. What blockchain does afford is the infrastructure to rethink public structures and to distrupt current trust models. In other words - two participants in the NASDAQ markets can't trust each other the same way that two employees at Microsoft can. What we are trying to do is package up open protocols for real business use cases. Instead of building Ethereum clones on Azure, build a financial structure on Ethereum Mainnet Listing on exchanges is part of our customer acquisition strategy. We want to get more people involved in Bitquence and excited for when we begin our product releases. As much as we can, we want to utilize the infrastructure of the crypto community to spread our message of mass adoption. We are looking long-term to make the vision a reality. Getting exposure on a major platform is always positive stephen corliss, [13.10.17 17:00] [In reply to CryptoHodl: Does Bitquence have any plans to get on Bittrex?] They are on the radar, of course. Bittrex is a different animal versus others as we have absolutely no bearing on the process or timing. It appears they have changed their token onboarding process (as they should have) and it seems they have also walled themselves off from all direct communications with potential tokens. Not sure if that is by design or not. They have everything they need from us for any “future” listing but it may just come down to user demand where the popularity of BQX warrants them to act sooner. Shingo, [23.10.17 05:04] The only reason we would want to get listed on more exchanges is if we were excluding customers due to the current set of exchanges or for the publicity
stephen corliss, [12.09.17 15:22] [In reply to Inigo] The security issue is first very important so the advice given by your peers is right. With regards to the correlation you are drawing, I would say the BQX users will hold their own keys and store them in their cold storage of choice. Nothing of yours moves onto the platform unless you are building a basket then it is temporary. Once the transaction is done, everything moves off the platform and back to your cold storage. Nothing is ever left on the Platform. Whereas with Exchanges you have to decide to move it off or not. Shingo, [15.09.17 23:11] [In reply to Ke: Is it correct to assume that in 1 year or 2, if bitquence delivers the ultimate universal wallet as we believe then there would be no need for nano S or Trezor or at least the price of these items will be severely reduced because of lesser demand? Stephen especially if it's cold storage right?] The way that our "cold storage" works is sort of like a "nano ledger in the sky". Again sort of. The private key never hits the internet just like a normal hardware wallets, but you have to trust the transaction signing mechanism. If this sounds dangerous, this is exactly the same level of trust that you have with a nano ledger. You trust that the nano ledger is signing the transactions in a trustworthy way in the same way you will be trusting that Bitquence will sign the transactions in a trustworthy way. Your private keys will always be under your control. Bitquence will hold only encrypted keys for your convenience (hence the "managed universal wallet"), but you will hold the only unencrypted copy. That means if you close down your account or just decide to leave Bitquence, you can still go use the same keys somewhere else and your funds will be secure. Hope this is helpful stephen corliss, [03.10.17 12:42] [In reply to Jochen: Stephen, how safe can the storage of coins be of Bitquence in comparison with a hardware wallet like Ledger Nano S? Pro's and contra's] I don't want to reveal too many details yet so as to protect our intellectual property and solution but we see it as at least compatible if not improved as we are also trying to tackle the issue with lost keys equal lost assets for consumers. For mass adoption to be achievable, this problem has to be fixed. stephen corliss, [14.10.17 15:40] We see cold-storage as a game changer for consumers as it gives you the ability to maximize your influence over others who may want to use your idle tokens. This means we can deliver new products and services that allow you to generate additional yield (returns) on your assets other than price gains or interest paid by your POS coins. Think of similar traditional products such as those involving securitized and structured products. Shingo, [23.10.17 19:30] [In reply to Daniel Power: Is Bitquence going to be open source when it releases?] Some pieces will be. Some others will not. We want to preserve competitive advantage as much as we can Shingo, [29.10.17 22:34] [In reply to Aleksander Lien: about your wallet and cold storage! Are They safe as normal bank account!? Like if i store all my values in There , and as long as i dont throw my key/passwords around , The storage can not be hacked, at all?] I would say safer than a bank account since you own it. The private keys are always under your control and we actually don't even store your private keys. What do provide, however, is encrypted version of your private keys so that you can easily access them whenever you want. Important to note that these encrypted private keys are completely useless to us and only useable by the user. stephen corliss, [06.11.17 04:26] [In reply to lilee: How Bitquence ensure the platform users is protected from financial risk management point of view ? As some user will be common people less savy in financial investment,we don't want situation like ICOs where there is a lot of scams.] Every company, project or developer must have a reputation, be fully kyc’d and staked by purchasing BQX which will be utilized as gas. Anything presented on the platform by these groups that involve consumer facing products and services, will have to also meet an extensive compliance review as well. stephen corliss, [11.11.17 20:49] [In reply to Burghardt: Lets asume I am using Bitquence and bought Stratis, Bitcoin and some Ethereumtokens. The USGoverment shuts down BQX from one second to another. The website is gone. Am I able to get my coins? Second scenario .. lets asume hackers are hacking Bitquence. They have all your data, which is online. Are my coins save?] Thanks for the question. First, your coins will be hidden away under your mattress (cold-storage) so in your example, our site being shutdown will not impact your assets. Second, the same is true with hackers, as we don’t have your assets like exchanges do so there is nothing to steal. Clearly 2fa and encryption is key from the users perspective so we are also helping here to ensure the assets under your bed are as safe as possible.
Shingo, [16.09.17 03:17] Regarding taxes, we already have plans to allow you to export transaction history in csv so that you can do your taxes. Agree with Dean that it would be impossible to calculate each individual's tax without sophisticated software but we can give the tools to make it easier Shingo, [16.11.17 18:00] [In reply to Bodhisattwa: since bqx plans to be a one stop shop for an individual. When in the future regulation comes in with respect to taxation of crytpo will the platform have paid features where an individual can get personalized information on his tax liability on the basis of assets and investments made on the platform. Maybe it can start with countries with largest user base first and then other countries... If that is done I feel bqx will definitely will be the place people go for crypto investments. Your thoughts would be appreciated ..:)] Yes! Although I anticipate it will be something more like an API connection into another crypto tax calculator (of which there are many), but we will allow exporting transactions to help calculate tax liability *Stephen: * Yes! Think of tax-loss harvesting and all of the strategic ways consumers can manage tax liabilities. This will be part of the design!
BQX Token Price
Shingo, [03.11.17 19:19] Guys. We are not interested in simplying pumping the price with news. We are about more than that. We are about building a movement that can change the way the financial system operates. News will come when we are ready to release it and we are hard at work building something awesome. I'm not going to talk about anything we aren't ready to reveal. stephen corliss, [28.10.17 15:18] In my view, prices are driven by demand that stems from existing and potential use-cases, which is also clearly exaggerated by speculative demand. This also applies to BQX. What are the use-cases for BQX and thus, what will be demand? As you know, I believe we sit higher in the stack where we look across a multi-chain universe that will only grow in number. This is important as I believe diverse options will continue to grow, which will increase complexity exponentially only making mass adoption all the more difficult, if not impossible. As such, we need a communication layer of sorts that can interpret and interact with all of the diverse options to ensure the value of each can be recognized. In the financial space, the ability to interpret all of this complexity is absolutely essential as all of this new functionality and value is also represented by coins. So, okay, sure an interpretive layer seems necessary. But what the heck does this mean? This means solutions are necessary for all stakeholders (existing and future) in this space in order to extract all of this potential. We will extract all of this potential by developing an eco-system that removes complexities and creates an environment that allows stakeholders to participate in this new economy across a dynamic platform with simplicity and ease. Okay, how will this create demand for BQX? First, because BQX is what represents the interpretation of all of the underlying events. If i want a coin or cryptoccy, all I need is BQX as Bitquence will do all the rest. No need to go here, there or everywhere. Just one single place that simplifies the entry point and without sacrificing the benefits associated with each chain, coin or ccy. Okay, sounds okay. Now what? Well, now that we have simplified the entry, and exit, points we can now create new and dynamic products that all leverage the interpretation layer. By doing so, we solve problems for all stakeholders up, down and across the entire foodchain who are looking to interact with crypto consumers. Lets step back for a second and think about what is happening with traditional industries. If it is not obvious to everyone, I believe industries are moving towards models that will most likely embrace either Private or Semi-Private Consortium blockchain models. What does this mean for those big firms who can afford to do this? What does this mean for those firms who cannot? This means they will need to leverage other platforms that can remove complexities, simplify and open up access to a whole new world. What will power and be necessary to access all of these solutions to each of these diverse stakeholders? Which platform, what products or services? I think I know the answer to these questions. That is all I can say at the moment, actually maybe a bit too much really...
Hello Entrepreneur redditers, I,m working on a subscription box service startup and I will like to use bitcoin as one of my woocommerce payment solution. I did some research on woocommerce bitcoin support and i came across these 3 plugins (Blockonomics, ChainPay, bitpay) .I,m not really familiar with bitcoin woocommerce integration and don’t know which once to go with, so i will like to know if anyone here has use any of these plugins and which one will be best one to go with for a payment solution for my project. I will be using stripe gateway aswell for credit payment but I need the ability to accept bitcoin aswell. I appreciate the help. Thanks
Here Is a Summary of the Most Popular Payment Gateway Solutions
We recently posted a question about what payment gateways you used and why (you can see that Q here ), and wanted to follow up with a summary of some of the most popular ones out there should you be looking to compare solutions: Braintree Braintree has become a competitive payment gateway since its launch in 2010. Eventually getting acquired by PayPal, Braintree now operates as a “PayPal Company” and could be one of the most progressive movers in the payment industry. They accept payments from PayPal, Apple Pay, Android Pay, Venmo, and even Coinbase (bitcoin)! And, of course, they process traditional online payments as well. What’s notable about the company is their expansion into alternative payment methods. If your target demographic purchases through one of these alternative methods, you might consider Braintree as your payment gateway. Supported Platforms: Bigcommerce, Magento, Spree Commerce, WooCommerce, Shopify (See other integrations here ) Processing Rates
Contract There are no contract requirements with Braintree, and you get to take all of your customer data with you for free! Clients: Bonobos, Airbnb, Uber, Casper, and more Stripe (what we prefer to develop with) Stripe began with a simple purpose: make it simple for businesses to do business online. They have a bit of a different appeal in that they build for developers, not merchants. This is an interesting approach for the company and shows their true vision is in the future. By listening to and working with developers first, the company can be on the forefront of building progressive payment solutions. This was the case with their recent launch of Relay for Stripe. If it is important for your company to be on top of capturing sales in a “non-traditional way” (through a third-party app, via marketplace, through subscriptions), then Stripe could be the right solution for you. Supported Platforms: Bigcommerce, Shopify, WooCommerce, Magento, Spree Commerce (see other integrations here ) Processing Rates
$49 – Setup Fee
$25 – Monthly Gateway Fee
2.9% + $0.30
$25 chargeback fee
Contract Authorize.Net has a month-to-month option with no early termination fees, but if you choose to go through a reseller, you may encounter a contract and termination fees. Here is a detailed list of the “fine print” of their services agreement. PayPal The name “PayPal” is synonymous with online payments because they spearheaded the movement back in the late 90s – and they’re still going strong today. As mentioned above, they’ve acquired Braintree and now have that and Venmo under their belt. PayPal has also since separated from eBay, so they are one powerful and progressive entity on their own. PayPal is a great alternative or “back up” solution to any other gateway solution you may have on your site. You can, of course, use it as your sole solution, but many brands have it as an alternative choice at checkout. Why? It’s a time saver and an alternative to people who do not wish to dole out their credit card info to every retailer they are purchasing from. With over 165 million users it’s definitely a trusted platform, and chances are a good portion of your demographic has a PayPal account. This could be a good “backup” gateway for you to implement and do some A/B testing on your checkout experience. It could be the difference in making or losing a sale. Supported Platforms: ALL. Since PayPal usually redirects to its own site, no platform integration is necessary. If you want to integrate with PayPal Express, the redirect is skipped entirely and the necessary information is provided by the Express API. Processing Rates
2.9% + $0.30 per transaction (with option for volume discounts)
Contract Paypal does not have a contract obligation and you can cancel at any time. You do have to comply with the PayPal user agreement which you can read in full here. Clients: You can see an exhaustive list of PayPal’s store directory here. Amazon Payments Amazon Payments launched in 2007 with the goal of providing users the same checkout experience they recieve from Amazon.com on other sites. Like PayPal, your customers’ transaction(s) can be conducted through Amazon Payments without leaving your website (conducted “inline”). A plus about Amazon Payments is that your customers can have access to their 1-click shipping options, which is a feature of the Amazon.com checkout that highly increases conversions. If your customer base shops on Amazon, introducing this feature could greatly speed up your checkout process and, therefore, increase conversions. Supported Platforms: Magento, Shopify, WooCommerce, Volusion (see other integrations here ) Processing Rates
Contracts Amazon Payments does not operate on a contract and you can cancel your account anytime. Read more about cancellation here. Clients: Patagonia, Jockey, Honest.Co, Blick, and more Orbital Payment Gateway by Chase Paymentech Chase is quite a big name to be moving in the payment gateway space. Naturally, it comes with pros and cons. One of the pros of choosing Orbital Gateway as your solution is that you may be able to get a much lower processing rate than offered by any company listed here (more on that below). The main con stems from dealing with such a large entity. When companies are this large, they have problems maintaining customer service and providing a high quality product. Don’t expect the level of customer service from Chase that you’d get from PayPal. So, the processing rate is attractive, but it comes at a cost. Additionally, reviews of this gateway show that Orbital is very good at tailoring their pricing to the business versus a flat-rate for all types. If you are looking to lower your cost on processing rates, Orbital may be the right solution for you. This solution has, however, racked up a lot of negative reviews. Supported Platforms: Magento, Shopify, WooCommerce Processing Rates
1.65% + $.25 per transaction with your existing equipment
Contract Orbital Gateway has now moved away from a contract agreement (though if you purchase through a reseller you may still encounter this) and is now on a monthly model. However, if you sign up to receive equipment from Orbital, you will probably encounter a 24-month service agreement. World Pay Another one of the original online payment providers, WorldPay started processing online payments in 1994. They are a global solution and have over 150,000 clients in the U.S. alone. However, because they are such a large company their customer service suffers. Additionally, there may be some cancellation fees depending on what your WorldPay rep sets you up with in the beginning (more on that below). WorldPay is attractive in its lower rates, but it seems to be laced with fees and charges. Like Orbital, if you are looking for a lower processing rate, this gateway could be the right solution for you – but it’s going to come with a tradeoff. Overall, this solution seems outdated in both interface and pricing model. Our advice would be to read as many reviews as possible before using this solution. Supported Platforms: BigCommerce, Magento, Spree Commerce, Shopify, WooCommerce Processing Rates
Signature debit transactions at 0.99%
Standard credit transactions at 1.99%
Rewards credit transactions at 2.6%
Corporate/T&E/Keyed-In credit transactions at 3.30%
$0.20 per-transaction fee
All of this is on a “limited offer”
PCI compliance fee
Contract With WorldPay, you have a contract of 3 years. Should you choose to cancel early, your fees can be anywhere from $95 – $295. You can read more about their contracts and cancellation fees here, and also take a look at the actual Terms & Conditions on their site. That wraps it up! Thanks to the users who gave feedback in the original question - your insight helps so much. Especially from a developer's perspective as many people in this sub are owners/biz devs so it helps to have the technical perspective.
Is Stripe a good processor for accepting crypto payments for apps? Is there anything better?
My company is developing a video streaming platform called Zenither. Demo and info about it can be found at https://www.startengine.com/martell-broadcasting-systems We're at the point that we're implementing a paid subscription feature allowing viewers to be able to subscribe to premium stations and purchase pay-per-view streams, similar to what you'd do if you had cable TV. We want to support Bitcoin payments for these services from the start and are considering using Stripe but wanted to ask the community about alternative processors that accept debit cards, credit cards and crypto. Thanks in advance.
How do I validate a successful processed payment via third-party payment processors?
For those who use third-party processing providers like Stripe, Bitcoin, etc.. How do you execute what needs to be done after a payment is made? Let me explain.... I'm thinking about making a website that will offer some premium features for a small subscription price. I'd like to use Stripe for payment processing. However, I'm having trouble trying to figure out one small detail. The entire site will be database driven so once a user submits the payment form for the premium features what is my next step to update their account in the database? In other words I don't know how to "know" if there payment processed successfully or not and if it did then I need to modify the database to reflect the upgrade on their account but all of this needs to be automated, if the payment did not process successfully the system needs to inform them. Does Stripe send back some type of response so my site will know whether or not to upgrade the users account?
Prismed innocent until proven guilty: How I live with NSA Prism
Unlimited trades, transaction and price point notifications; never miss another price swing
Modobot.com is introducing a subscription based service that offers the following:
Price Point Notifications
We are also doing something that is highly unusual - instead of accepting Bitcoin payments, we are going the route of using Stripe as our payment processor. Why use Stripe for a Bitcoin related site?? Simple. Security. Bitcoin related sites are often the target of attacks, and so businesses must go through often expensive procedures to mitigate the damage. With no actual wallet information on the site, with no credit card information stored on the site, and with no way to move Bitcoin directly, there is little reward for an attacker. You can conduct trades knowing that your private information is safe with Stripe, your bank, and the exchange. At this time, we are only servicing BitStamp. Explainer Video modobot.com EDIT: Corrected type
Subscription payments are very important. The lightning network is going to require a fair bit of cash being held in hot wallets. Does bitcoin have to be in a hot wallet for subscription payments to happen? I'd imagine so since the transactions need to be signed. Perhaps you could sign future payments, when you subscribe, but you'd need to have sufficient funds to cover all those future payments in order to do so (unless I am mistaken). Flattr have (some time ago) stopped accepting Bitcoin, likely because it doesn't support recurring payments. Most services are paid for by subscription. Like I say, lightning network is going to have a similar requirement; funds being available in a hot wallet to be signed programmatically (I should state I'm no expert on lightning network, this is my understanding). Stripe want to be able to support subscriptions, but say they can't: https://support.stripe.com/questions/can-i-pay-subscriptions-in-bitcoin-with-stripe BitPay (Ref: http://www.coindesk.com/paydici-recurring-bitcoin-billing-merchants/) and Coinbase (Ref: https://developers.coinbase.com/docs/merchants/recurring-payments) allow you to setup recurring payments from their custodial wallets. If custodial wallets are already building this functionality into their platforms, I know I for one would certainly prefer it was baked into the bitcoin protocol. One idea I have around this is that you have a "hot wallet" of sorts, which you've authorized to send upto a specific amount of funds to specific bitcoin addresses offline. And if you want to change that instruction set, amending those instructions requires some offline action. We could then push for something similar to the direct debit guarantee in the UK whereby if additional funds are sent to a payee they will arrange their safe return without complaint. I understand that in the custodial environment banks provide, ensuring companies do do this is easier. However, it is not that easy to be authorized yourselves as a valid direct debit recipient, and subsequently many businesses choose to process them through a third party such as GoCardless. Perhaps businesses would similarly involve a third party. I think Recurly is a similar offering stateside (that exists for similar reasons?). BIP 70 includes ideas for how bitcoin could handle recurring payments. I haven't read it. https://github.com/bitcoin/bips/blob/mastebip-0070.mediawiki I've also seen while reading this that, stateside, there's really nothing stopping people using Paydici (albeit it's bitcoin support is built on top of the aforementioned support in Bitpay). Do you know of any wallet developers or others working on bringing this native to bitcoin wallets? Let's not build a future where we're reliant on a new set of intermediaries, unless it's truly necessary (surely not!).
Modobot.com is opening enrollment to test out the new Stripe integration
Free transaction notifications
Free price point notifications
Free Bitcoin trading bot
Free account enrollment requires a valid and verified email address, and manually ‘purchasing’ a subscription through the ModoBot Account panel. The order form is pre-populated with the required fake credit card information needed to activate an account. Once that is complete, you can use ModoBot to test trade, and set up to 10 email price point notifications. If you have a Bitstamp account, you can use ModoBot for unlimited trading. See thread https://bitcointalk.org/index.php?topic=1567528.0
Hi guys, Skins Bazaar is a brand new marketplace for CS:GO. We wanted to create the most secure possible way for you to sell and buy items, so we chose to build the platform around the bitcoin currency. This way a buyer cannot cancel his payment after receiving an item, like this sometimes happens with paypal or even stripe. Plus there are no transaction fees ! Talking about fees, we’re also experimenting with a totally new system. Instead of taking a percentage from either the seller or the buyer, we decided to split the cost between them so that everybody will be paying less (5% each). Furthermore, you can pay for a premium subscription (10$/month) and be rid of fees altogether ! To celebrate today’s launching, we are having a giveaway : more information at https://skinsbazaar.com/giveaway If you have any questions feel free to ask them in the comments below. The Skins Bazaar Team.
Hi guys, Skins Bazaar is a brand new marketplace for CS:GO. We wanted to create the most secure possible way for you to sell and buy items, so we chose to build the platform around the bitcoin currency. This way a buyer cannot cancel his payment after receiving an item, like this sometimes happens with paypal or even stripe. Plus there are no transaction fees ! Talking about fees, we’re also experimenting with a totally new system. Instead of taking a percentage from either the seller or the buyer, we decided to split the cost between them so that everybody will be paying less (5% each). Furthermore, you can pay for a premium subscription (10$/month ) and be rid of fees altogether ! To celebrate today’s launching, we are having a giveaway : more information at https://skinsbazaar.com/giveaway If you have any questions feel free to ask them in the comments below. The Skins Bazaar Team.
A source represents a customer’s payment instrument, and can be used with the Stripe API to create payments. Sources can be charged directly, or attached to customers for later reuse. Each payment method supported by the Sources API is defined by four key characteristics. The combination of these characteristics determines how a source is made chargeable, and how it is used in a charge ... How do I setup subscriptions with with fixed dates which are not regular intervals. I have a scenario where users make 3 payments in one the follow patterns, ie fixed points not regular intervals. if a customer signs up in Jul they pay Jul, Jan, May if a customer signs up in Aug they pay Aug, Jan, May if a customer signs up in Sep they pay Sep, Jan, May if a customer signs up in Oct they pay ... Stripe is a simple way to accept payments online. Stripe has no setup fees, no monthly fees, and no hidden costs. Hundreds of thousands of businesses—ranging from startups to Fortune 500 companies—rely on Stripe’s software tools to securely accept payments and expand globally. Stripe is available to businesses in 40+ countries. Get 120 stripe payment gateway plugins, code & scripts on CodeCanyon. Buy stripe payment gateway plugins, code & scripts from $6. Empirically, there are fewer and fewer use cases for which accepting or paying with Bitcoin makes sense. Therefore, starting today, we are winding down support for Bitcoin payments. Over the next three months we will work with affected Stripe users to ensure a smooth transition before we stop processing Bitcoin transactions on April 23, 2018.
Stripe drops Bitcoin over high fees - Blockchain Buzz Ep. 8 Coinsquare
Stripe, the online payments platform based out of Silicon Valley announced that they would stop accepting Bitcoin payments by April 2018. This is due to Bitcoin’s high transaction fees ... This video is unavailable. Watch Queue Queue. Watch Queue Queue The latest on Intuit's PayByCoin Bitcoin payment for QuickBooks Online, Stripe, and Square presented by Greg Lam (a.k.a. the Small Biz Doer) of the Sleeter Group. You can catch accounting software ... 0:27 Stripe Ends Support for Bitcoin 0:29 Stripe Bitcoin Support 0:31 Lightening Network Pizza Day 0:33 China Bans Bitcoin 0:35 China Bitcoin Mining 0:37 South Korea Bitcoin Taxes. Category People ... John Collison is the co-founder of Stripe, a company that "makes it easy to start accepting credit cards on the web today." The 23 year old is from Limerick, Ireland and sold his first company at ...