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  1. craymarshallg

    DashDirect Virtual Visa/MC Proposal Updates

    We have a final approval from program manager, and the bank for the overall program! We will still need approvals from Apple, Google, Samsung, and Mastercard for the wallet integrations (using the native payment apps for NFC payments). On a related note, we are working to integrate our own NFC...
  2. craymarshallg

    DashDirect Virtual Visa/MC Proposal Updates

    Just a quick glance at our current development progress and scheduling. We are adding front end developers to help expedite the launch, so it is currently looking like the release will be between Dec 15 and Dec 20. This Gantt chart only goes back to Nov 1, fyi.
  3. craymarshallg

    DashDirect Virtual Visa/MC Proposal Updates

    The feature design will be the same everywhere. We are engaging with a law firm to advise on a global launch. We will post here when we have the memorandum from the firm.
  4. craymarshallg

    DashDirect Virtual Visa/MC Proposal Updates

    We are making great progress on our Dash Crypto Card (this is the name we've decided to use for the feature). Here is a video overview, showing how you will discover and use the Dash Crypto Card from within DashDirect. We currently have the majority of our back end development and UX/UI designs...
  5. craymarshallg

    DashDirect Virtual Visa/MC Proposal Updates

    No problem at all. We do not plan to have any KYC of any kind for DashDirect, even when the MasterCard program is launched.
  6. craymarshallg

    DashDirect Virtual Visa/MC Proposal Updates

    I don't quite follow. Are you talking about the general features of DashDirect or are you talking about the integration of a MasterCard into the app? I don't know how any of the items above would be related to the MasterCard program. Maybe I don't understand the comments above. I apologize.
  7. craymarshallg

    DashDirect Virtual Visa/MC Proposal Updates

    A few updates: 1. We have begun development of the API integrations with our issuing bank partner. This is happening in tandem with UX discovery and design. We welcome any community feedback on how the virtual MasterCard program should look/feel to a user. The easiest way to provide this...
  8. craymarshallg

    DashDirect Virtual Visa/MC Proposal Updates

    Just a small update: 1. We are beginning our UX designs after doing significant research and review of other Fintech applications with debit/credit cards integrated. 2. We are interviewing one final law firm for a legal opinion/memorandum giving us guidance on the various regulatory...
  9. craymarshallg

    DashDirect Virtual Visa/MC Proposal Updates

    We are seeking approval from our card issuing bank, program manager, and MasterCard as follows: Privacy: No "KYC" (Know Your Customer) or "CIP" (Customer Information Program) Freedom: No restrictions on spending based on region (US/Non-US); No restrictions on merchant categories We already have...
  10. craymarshallg

    DashDirect Virtual Visa/MC Proposal Updates

    We have received initial approval from the compliance board at the program manager for US only. This means our documents are ready to submit to the bank for approval. We are seeking an opinion letter from outside counsel, which (if obtained) could allow the program manager to submit our...
  11. craymarshallg

    DashDirect Virtual Visa/MC Proposal Updates

    We just submitted the due diligence and KYB packet to the first compliance board. We will advise when we pass the first board and get passed to the regulatory approval stage. Fingers crossed!
  12. craymarshallg

    A better way to calculate the value of dash

    Here's a better way to look at the comparison: Let's say you have $200/mo to either stake or spend. Staking Rewards: 5% APY Savings Rate: 5% Avg Staking: 12 Months: $2454.52 $2400 principle $54.52 Interest ROI=2.2716% and no use of the funds for 12 month (i.e. you had to spend other money to...
  13. craymarshallg

    A better way to calculate the value of dash

    Also, a very valid point to make based on your observations and direction of your thoughts is that a user is always going to spend money on SOMETHING. By spending Dash through DashDirect, they can save instantly, and continue to replenish their Dash, then spend again. It would theoretically take...
  14. craymarshallg

    A better way to calculate the value of dash

    That makes sense and I do like the direction of your thinking on it. A few years ago, I developed an algorithm to calculate the value of a currency, based on the spending volume. I know this is not relevant to Dash, but just for fun, here's an excerpt from my whitepaper: "As the sum total of...
  15. craymarshallg

    DashDirect Virtual Visa/MC Proposal Updates

    Just a quick update. We have signed with a bank, an issuer, and a program manager. We now are working on our KYB and Due Diligence requests from the bank for approval. We have to get this part right, as this will determine whether the program can be approved as outlined or whether the bank will...
  16. craymarshallg

    A better way to calculate the value of dash

    I agree that save, spend, and earn are all necessary. This is part of our long-term strategy. Most users of DashDirect are likely also buying Dash on a regular basis. By doing so, they are less sensitive to the capital gains or losses on individual transactions, just as we don't look at this...
  17. craymarshallg

    DashDirect Virtual Visa/MC Proposal Updates

    We were asked on Discord for a target launch date. We are a bit early to know the timeline, but our target is to launch the program by Dec 1. Our engineers and designers won't be able to scope the project until I select the partners and sign agreements and receive documentation from the...
  18. craymarshallg

    DashDirect Virtual Visa/MC Proposal Updates

    Thank you for the clarification. That helps a lot. We are working to solve all of the challenges, including global transactions and associated FX fees. We may need a different issuer for non-US consumers, or maybe a means of converting that doesn't cost as much. We actually have currently...
  19. craymarshallg

    DashDirect Virtual Visa/MC Proposal Updates

    Will do! Thanks for the support.
  20. craymarshallg

    DashDirect Virtual Visa/MC Proposal Updates

    Thank you. We believe this will be the first cryptocurrency card available with no KYC requirements.
  21. craymarshallg

    DashDirect Virtual Visa/MC Proposal Updates

    Wise has a very unique and powerful solution for spending funds in different fiat currencies. I don't see where they offer anything with cryptocurrencies. Can you point me to some information on how the card is tied to your Dash wallet? I'd be very interested in reviewing that solution. If they...
  22. craymarshallg

    DashDirect Virtual Visa/MC Proposal Updates

    Based on our initial due diligence with multiple vendors, we have some details on a proposed program outline. Please see below. Program Type The DashDirect MasterCard is a reloadable open-loop MasterCard program. The corporate-sponsored program allows anyone to instantly load funds onto their...
  23. craymarshallg

    DashDirect Virtual Visa/MC Proposal Updates

    This thread will be used to post updates on the proposal to create a virtual card for spending Dash through DashDirect at any Visa/MC accepting merchant. First of all, a big thank you to the DAO and MNOs for approving our proposal and allowing us to partner with this community to bring this...