Pre-proposal: Dash enabled POS Solution and Massification in Latin America

CBP

New Member
Oct 24, 2017
17
6
3
Panama
www.linkedin.com
Dash Address
XwVs5UEHYssbD9AJ4MhrY9QDiWXyKUNb5W
Who we are?
Cryptobuyer is a Digital Assets connector for emerging markets also known as the first company to sell Dash in Latin America and the first in the world to install two Bitcoin / Dash ATMs in one of the biggest commercial banks in Panama. Here are the related press releases:

Ryan Taylor and Cryptobuyer on Bloomberg:
https://www.bloomberg.com/news/arti...eking-a-haven-in-crypto-coins-as-crisis-rages

Cryptobuyer Dash ATMs on commercial bank in Panama:
https://steemit.com/bitcoin/@hilars...m-s-installed-at-two-bank-locations-in-panama

Dash and Cryptobuyer on Cointelegraph
https://cointelegraph.com/news/crisis-torn-venezuelans-opt-for-dash-and-bitcoin

Dash Force News
https://www.dashforcenews.com/bitcart-cryptobuyer-cryptowoo-integrate-dash/


In January 2017 we moved our headquarters to Panama and in June 2017 Cryptobuyer was accepted as an affiliate on the City of Knowledge of Panama (http://ciudaddelsaber.org/en) to help spread the word and educate people about cryptocurrencies and blockchain technologies.

About City of Knowledge:

Cryptobuyer Affiliation:
http://ciudaddelsaber.org/en/foundation/affiliate/cryptobuyer/777

With that goal in mind Cryptobuyer created a space called The Blockchain Embassy (https://www.embassypty.com/en/), located in Balboa Boutiques Strip Mall, in the heart of Panama City, where we help people, companies and regulators to understand the blockchain technology. We make this possible by hosting meetups and workshops on hot topics as mining, security, trading and entry level talks. Here is the press release for the opening: https://news.bitcoin.com/blockchain-embassy-opens-in-panama/

On the Blockchain Embassy, newcomers to the world of cryptocurrencies can have their first experience with the technology by downloading a wallet and loading it with Bitcoin/Dash through our ATM. Also the customers can see in real time a Dash Mining working as they learn the parts of the Blockchain ecosystem. Here is a photo of the miner Baikal we have on the embassy:

Also the customers have the opportunity to buy a hardware wallet to store Dash as well as Dash t-shirts and souvenirs. Here there are some t-shirts we offer to the public:


Here are some photos of people using the services we offer on the the Blockchain Embassy:

Our meetups and related activity can be followed on the Blockchain embassy social media:
https://www.facebook.com/embassypty/
https://www.instagram.com/embassypty/
https://twitter.com/EmbassyPty

One of the inquires with often get by business owners at the end of our meetups and workshops is how do they accept cryptocurrencies payments in their business, to answer that, we created a POS Application that enables a merchant customer to accept payments in Bitcoin, Dash and Litecoin out of the box. Here are some screenshots of the application working:


Multiple merchant customers have raised the alarm that Bitcoin fees and confirmation speed makes it almost unusable to receive micropayments (like buying a cup of coffee), so we see this as a great opportunity to push the DASH adoption by promoting it and educating people about all the benefits DASH have to offer like low fees, faster confirmation speed and privacy.

Here is a list of current businesses using Cryptobuyer Pay to accept DASH payments:
And more than 15 merchants in process of our KYC approval. Here are some photos:

Furthermore to this plans of expansion and promotion of cryptocurrencies in Latin America, we have plans to deploy a vast network of ATMs throughout the continent, we will achieve this by placing ATMs on any major city of Latin America. We initially are going to deploy ATMs in Panama, Costa Rica and Chile, but we have plans to cover Brazil, Argentina, Mexico, Dominican Republic, Peru and Uruguay. The total number of ATMs we are planning to deploy is 200 by the end of 2018.

We already have identified 15 possible locations within Panama, focused on accessibility, security and tourist attraction to ensure the constant flow of people every day.

What do we want to do?
  • Deploy 10 Bitcoin/DASH enabled ATMs in Panama.
  • Deploy Cryptobuyer Pay to accept DASH Payments into N malls of the Panama City.
  • Create audiovisual content to promote the DASH Enabled POS System in the City of Panama.
  • Run a facebook and twitter marketing campaigns on the city of panama.
  • Host a monthly event dedicated to promote DASH on the Blockchain Embassy.
  • DASH Giveaway to first time users of the cryptocurrency that attend to our meetups and workshops.
  • DASH Merchandising giveaway on the Events.
  • Improve the Cryptobuyer Pay Web Application.
Budget

Dash Rate: $289.10 at https://coinmarketcap.com/ at October 20th @ 01:48 UTC​

Timing
  • ATMs Purchase and shipping to Panama. 2 months.
  • Two month to set them up in their locations.
  • During this period of time we will improve the Dash Enabled POS System with our Developers and Customers.
  • Once everything is all set up we will start the marketing campaign and the events on the Blockchain Embassy.
Reporting
We will keep the dash community updated about all steps and the customer feedback on dashcentral as well on social media.

The Team
Jorge Farías
CEO
https://www.linkedin.com/in/jorgeluisfarias/

Angel Graterol
COO
https://www.linkedin.com/in/angelgraterol/

Ruben Colina
CTO
www.linkedin.com/in/rubencolina

Mariana León Mármol
CLO
https://www.linkedin.com/in/mariana-león-mármol-48974415/

Our Social Media
https://www.facebook.com/cryptobuyer/
https://twitter.com/cryptobuyer
https://www.instagram.com/cryptobuyer/
https://www.youtube.com/channel/UC6yd_BdfebYiAUWUtbALOXw
 
Apr 23, 2017
66
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What will the fee's be for bitcoin and dash ?

* The more I read about the ATM proposals the more I like the idea that we setup a special DAO to setup crypto atm's with Dash at 1% and all others at market rates, any profits made this way, should be earned by the masternodes. With the right people this should be possible.
 
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CBP

New Member
Oct 24, 2017
17
6
3
Panama
www.linkedin.com
Dash Address
XwVs5UEHYssbD9AJ4MhrY9QDiWXyKUNb5W
What will the fee's be for bitcoin and dash ?

* The more I read about the ATM proposals the more I like the idea that we setup a special DAO to setup crypto atm's with Dash at 1% and all others at market rates, any profits made this way, should be earned by the masternodes. With the right people this should be possible.
Hi Philosophers, the current fees are around 8 %, the international ATM average, you can check here https://coinatmradar.com/charts/#fees. Your idea of the special DAO sounds interesting and can work about it in the future.
 
Last edited:

joemoraca

Member
Is it your plan that the Dash Treasury pay for all of these. --- "The total number of ATMs we are planning to deploy is 200 by the end of 2018." --- you seem to be asking Dash to buy you 10 machines now (and pay for "full" support of them) and still want to charge 8% fees.

Is your Dash POS system open source?
 

CBP

New Member
Oct 24, 2017
17
6
3
Panama
www.linkedin.com
Dash Address
XwVs5UEHYssbD9AJ4MhrY9QDiWXyKUNb5W
Is it your plan that the Dash Treasury pay for all of these. --- "The total number of ATMs we are planning to deploy is 200 by the end of 2018." --- you seem to be asking Dash to buy you 10 machines now (and pay for "full" support of them) and still want to charge 8% fees.

Is your Dash POS system open source?
Hi Joemoraca,

Thanks for your feedback.

No, we don't have intentions to Dash Treasury to pay for the whole network of ATMs, The idea here is that we are going to launch the ATM Network using our own funds the next year.
We have to consider besides the cost of the equipment, the renting space, electricity, and internet connection, all of these have to be paid with the fees gathered from the operations.

The POS System is not opensource, it is a custom development that once it is matured enough we could make it opensource, but first we have to scale it and get the feedback of users and merchants, that why we are asking the dash community for this initial help.
 

CBP

New Member
Oct 24, 2017
17
6
3
Panama
www.linkedin.com
Dash Address
XwVs5UEHYssbD9AJ4MhrY9QDiWXyKUNb5W
Why do you support both Litecoin and ZCash?
Hi bhkien,

Great question!

Panama is a touristic place and a hub that attracts people for all around the world, and because of that, We believe that a definitive POS solution for merchants and visitors is the one which gives them freedom and not limit them to a single currency. Our labor here, will be focused on using Dash in a micro-payments environment and making it a successful in a real world scenario and thus incentivizing its everyday use.
 

bhkien

Active Member
Mar 31, 2014
465
287
133
Canada
vietriches.com
Hi bhkien,

Great question!

Panama is a touristic place and a hub that attracts people for all around the world, and because of that, We believe that a definitive POS solution for merchants and visitors is the one which gives them freedom and not limit them to a single currency. Our labor here, will be focused on using Dash in a micro-payments environment and making it a successful in a real world scenario and thus incentivizing its everyday use.
Thanks for your answer,

Do you get any fund from Litecoin and ZCash communities?
 

CBP

New Member
Oct 24, 2017
17
6
3
Panama
www.linkedin.com
Dash Address
XwVs5UEHYssbD9AJ4MhrY9QDiWXyKUNb5W
Thanks for your answer,

Do you get any fund from Litecoin and ZCash communities?
Hi bhkien,

Sadly no :( , but we believe that exposing the advantages of Dash over the other cryptocurrencies is a strong selling argument and what a better way of demonstrating it in real time using our POS Platform?
 
R

RGXDK

Guest
Looks like you're already accepting BTC and LTC and those networks haven't contributed anything to your costs, why would Dash? I don't see a clear benefit from us subsidizing your operation and I especially don't see a good ROI on the amount that you're asking.
Voting NO.
 
Last edited by a moderator:

CBP

New Member
Oct 24, 2017
17
6
3
Panama
www.linkedin.com
Dash Address
XwVs5UEHYssbD9AJ4MhrY9QDiWXyKUNb5W
Looks like you're already accepting BTC and LTC and those networks haven't contributed anything to your costs, why would Dash? I don't see a clear benefit from us from subsidizing your operation and I especially don't see a good ROI on the amount that you're asking.
Voting NO.
Hi RGXDK,

The reality is that we were the first Platform in Latin America to accept Dash after Bitcoin, and to this day we only use those two currencies in out web platform (https://cryptobuyer.io/), the other currencies added, are only present on the POS Solution and it was a request from the merchants to a real necessity.

We are sad we won't have your support for but we will be continue working tirelessly to promote the use of cryptocurrencies in the region.
 
Apr 23, 2017
66
26
58
I am fine with you charging 8% for other crypto's but if you want my votes, you'll have to allot better than that, I would say 1% for Dash fees. I am voting for a free lunch for you.

Hi Philosophers, the actual fees are around 8 %, the international ATM average, you can check here https://coinatmradar.com/charts/#fees. Your idea of the special DAO sounds interesting and can work about it in the future.
Such a DAO would work allot different form what your proposing for starters. you'll need a business plan and business structure that differs from what your proposing. For starters the bulk of the profit will roll back to the dash masternode owners, and the people working for are working based on salary, and only limited towards earning a profit, further more. The goal is also to compete with excising ATM's that offer at 8% fee. Dash ATM will at the very least offer 1%, all other currency can be done for profit.
 
Last edited:

studioz

Well-known Member
Sep 10, 2014
538
464
163
CANADA
dashbr.com
Sadly no :( , but we believe that exposing the advantages of Dash over the other cryptocurrencies is a strong selling argument and what a better way of demonstrating it in real time using our POS Platform?[/QUOTE]
makes no sense Dash financially support other cryptos , then charge 8% to use other currencies and low fee to Dash users or exclusivity Dash on your system .
 

thedesertlynx

Active Member
Sep 6, 2016
162
150
103
34
Is your POS system already available for use around the world? And it does USD conversion, potentially to US bank accounts?
 

BillyTheKid

New Member
Aug 21, 2015
5
25
13
hey there
i have to ask straight up
is Ira Miller and his wive + TigoCTM involved anywhere in this deal / proposal ?
i see their logo listed on your webpage !
(Ira ran a proposal some time ago and that did NOT go well at all - he has a terrible reputation in this community)

am looking forward to your reply and will base my vote on that
 
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bhkien

Active Member
Mar 31, 2014
465
287
133
Canada
vietriches.com
Hi bhkien,

Sadly no :( , but we believe that exposing the advantages of Dash over the other cryptocurrencies is a strong selling argument and what a better way of demonstrating it in real time using our POS Platform?
If Dash does not fund your project, will you still support Dash in this project?
 

CBP

New Member
Oct 24, 2017
17
6
3
Panama
www.linkedin.com
Dash Address
XwVs5UEHYssbD9AJ4MhrY9QDiWXyKUNb5W
I am fine with you charging 8% for other crypto's but if you want my votes, you'll have to allot better than that, I would say 1% for Dash fees. I am voting for a free lunch for you.



Such a DAO would work allot different form what your proposing for starters. you'll need a business plan and business structure that differs from what your proposing. For starters the bulk of the profit will roll back to the dash masternode owners, and the people working for are working based on salary, and only limited towards earning a profit, further more. The goal is also to compete with excising ATM's that offer at 8% fee. Dash ATM will at the very least offer 1%, all other currency can be done for profit.
Hi Philosofers,
Thanks again for your comments!

We can work on lowering the fees for the Dash operations and push the adoption of Dash over other currencies, the idea behind this Pre-Proposal is to iterate with the community and make the adjustment to fit the needs not only of the backers also for the general public.

At Cryptobuyer we have more than 2 years of steadily growth and we are in a point when have learned about the real people needs, and the best way to onboard them.
Our currents ATMs have a lot of demand, and the people are ok with paying fees, this kind of system is the only that allows you to get Dash with Cash, fast, without waiting or exposing your security and also has a complimentary system to spend on your regular store or service, this is a validated idea, and the merchants are pleased to have an alternative.
 

CBP

New Member
Oct 24, 2017
17
6
3
Panama
www.linkedin.com
Dash Address
XwVs5UEHYssbD9AJ4MhrY9QDiWXyKUNb5W
Sadly no :( , but we believe that exposing the advantages of Dash over the other cryptocurrencies is a strong selling argument and what a better way of demonstrating it in real time using our POS Platform?
makes no sense Dash financially support other cryptos , then charge 8% to use other currencies and low fee to Dash users or exclusivity Dash on your system .
Hi studioz,

Thanks for your comments and suggestions, we can work on lowering the fees for dash, but eventually have a zero or 1% cost on Dash is not a business model, is more a giveaway. If the community think this can be sustainable we can discuss it, but the main focus is to make Dash a real alternative over time.
 
Last edited:

CBP

New Member
Oct 24, 2017
17
6
3
Panama
www.linkedin.com
Dash Address
XwVs5UEHYssbD9AJ4MhrY9QDiWXyKUNb5W
Is your POS system already available for use around the world? And it does USD conversion, potentially to US bank accounts?

Hi thedesertlynx,

Yes! the web application is up and running in production with real merchants and it can be used anywhere in the world. The main idea is behind this product is that the merchant hold the Dash, but if they want USD, we have the banking and legal structure to liquidate the transaction in USD in Panama and in a limited way in United States.

Cryptobuyer Pay have the option to lock the payment amount in USD at the moment of the transaction, and send the 100 % of the USD to the merchant account, also a combination of 50% in USD and 50% of dash. Again, all is about alternatives for the people, not limitations.
 

CBP

New Member
Oct 24, 2017
17
6
3
Panama
www.linkedin.com
Dash Address
XwVs5UEHYssbD9AJ4MhrY9QDiWXyKUNb5W
hey there
i have to ask straight up
is Ira Miller and his wive + TigoCTM involved anywhere in this deal / proposal ?
i see their logo listed on your webpage !
(Ira ran a proposal some time ago and that did NOT go well at all - he has a terrible reputation in this community)

am looking forward to your reply and will base my vote on that

Hi BillyTheKid,

We bought our first batch of ATMs from that company, that's the only relation we have with them.
 

CBP

New Member
Oct 24, 2017
17
6
3
Panama
www.linkedin.com
Dash Address
XwVs5UEHYssbD9AJ4MhrY9QDiWXyKUNb5W

CBP

New Member
Oct 24, 2017
17
6
3
Panama
www.linkedin.com
Dash Address
XwVs5UEHYssbD9AJ4MhrY9QDiWXyKUNb5W
  • Like
Reactions: tungfa and studioz

thedesertlynx

Active Member
Sep 6, 2016
162
150
103
34
Hi thedesertlynx,

Yes! the web application is up and running in production with real merchants and it can be used anywhere in the world. The main idea is behind this product is that the merchant hold the Dash, but if they want USD, we have the banking and legal structure to liquidate the transaction in USD in Panama and in a limited way in United States.

Cryptobuyer Pay have the option to lock the payment amount in USD at the moment of the transaction, and send the 100 % of the USD to the merchant account, also a combination of 50% in USD and 50% of dash. Again, all is about alternatives for the people, not limitations.
Very interesting. Where can I find more information about this system? I would very much like to get some US-based businesses setup. Right now, a simple Dash-accepting point of sale app with conversion to USD is very much in demand.
 

CBP

New Member
Oct 24, 2017
17
6
3
Panama
www.linkedin.com
Dash Address
XwVs5UEHYssbD9AJ4MhrY9QDiWXyKUNb5W
Very interesting. Where can I find more information about this system? I would very much like to get some US-based businesses setup. Right now, a simple Dash-accepting point of sale app with conversion to USD is very much in demand.
thedesertlynx, thanks again for your interest!, you can check this draft video, is in Spanish because is our main market, but you can activate the English subtitles, and also can write us via dm or email for details!