[prepoposal] Dash Debit Card ready by Mid-April

Shall we release the DASH debit card within 3 weeks?

  • Yes

  • No


Results are only viewable after voting.

CaptainPicard

New Member
Mar 12, 2017
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I would definitely vote YES for this proposal if I had a Masternode.

Why?

Because I would actually use their product. And I think a lot of people would use their product.

I can see a big gap starting to bridge between established debit point of sale infrastructure and crypto currency - and Dash needs to be at the forefront of this connection.

If the card Julian is proposing can integrate Dash with millions of Visa merchants and ATMS globally at low conversion fees, we need to go for this.

The market is massive for globally accepted credit/debit cards, especially in developing countries. Plus having a card makes holding and using Dash 10x easier for the average person.

In terms of due diligence, I have not dug that deeply, but from reading other people's posts, it sounds like they have a functioning product that is working with Bitcoin. And it can be integrated with Dash relatively quickly so we are not committing to a long term agreement.

We also have a surplus of Dash in the Treasury right now that won't necessarily be there six months from now.

It could also create a double whammy network effect if we run this program simultaneously with Charlie Shrem's project. There could be some synergy there or at least we will gain good knowledge of how these integrations will work.

We may as well take a chance on this.

I vote yes.
 

Stealth923

Well-known Member
Foundation Member
Mar 9, 2014
352
404
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Not sure if this has been properly verified - but can you please provide some form of identification of yourself on your website/twitter etc to prove you are actually who you are.

i..e put something on your website to say you have submitted this proposal to the network.

We should not be voting yes until properly vetted.
 

lynx

Active Member
Dec 11, 2015
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JTFerdinand

New Member
Mar 29, 2017
8
1
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Ipswich
edchat.net
Dash Address
Xde6whLqfsCGobgEhaDkKgGNGVqVEbwWNs
Thank you for your question. As mentioned in a comment above, we leave the crypto in crypto. So if you deposit crypto (e.g. 1 Dash), you will have Dash in our TenX wallet. Assume you go to any store in the world, it can be in Finland or anywhere else and you use your TenX card, then in THIS VERY MOMENT the best available exchange rate is used to spend your Dash in fiat.

Does that make sense?
Perfect sense although you say there's no 3rd party like payza, TenX would essentially be a 3rd party, but without visa/Mastercard it's going to be worse than holding a AmEX or Switch card right? Very few payment teminals and atms will accept them? In the UK at least.

The other risk factor is the card is not a 'Dashpay Card' TenX supports other cryptocurrency right? And I'm guessing will intend to expand in the future, why should Dash be the only cryptocurrency that pays directly for the service?

Personally I would invest in this but I don't think it will benefit dash for usability. Have you applied at Bnktothefuture.com ? It seems better pitched to the wider crypto community, unless its rebranded exclusively for dash and the dash app to be released and is then a feature of that but that would require acquisition from evolution.
 

Dr. Julian Hosp

Active Member
Mar 24, 2017
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Perfect sense although you say there's no 3rd party like payza, TenX would essentially be a 3rd party, but without visa/Mastercard it's going to be worse than holding a AmEX or Switch card right? Very few payment teminals and atms will accept them? In the UK at least.

The other risk factor is the card is not a 'Dashpay Card' TenX supports other cryptocurrency right? And I'm guessing will intend to expand in the future, why should Dash be the only cryptocurrency that pays directly for the service?

Personally I would invest in this but I don't think it will benefit dash for usability. Have you applied at Bnktothefuture.com ? It seems better pitched to the wider crypto community, unless its rebranded exclusively for dash and the dash app to be released and is then a feature of that but that would require acquisition from evolution.
Hey @JTFerdinand , great questions.

What I mean with 3rd party provider, that we do not need someone like Payza to issue our cards. It is a very big risk if you rely on someone else for that. they set the rules, not you. Our card is accepted anywhere that Mastercard is accepted, which means 200 countries and over 20 million points of acceptance.

We are NOT looking into adding any other currencies for now. We also raised money to integrate Bitcoin and Ethereum. If we do not get the funding for DASH, we cannot integrate it for now - which would be a bummer.

Hope this helps you see the value-add through our zero-fee card.

Thanx for taking a look!

PS.: Our proposal is live: https://www.dashcentral.org/p/tenx-dash-debit-card
 

oaxaca

Well-known Member
Foundation Member
Jul 8, 2014
573
832
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Earlier in this thread you were considering going through escrow. Why hasn't this been followed through?
Hard to do escrow when the payment address is already in the network and the proposer has the private key.
 

Dr. Julian Hosp

Active Member
Mar 24, 2017
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Earlier in this thread you were considering going through escrow. Why hasn't this been followed through?
I was talking with @babygiraffe extensively about it, however he suggested to do it directly due to a massive time delay afterwards. He suggested, should it not get approved, we could do the escrow afterwards. We wanted to have the card live earlier rather than later.
 

akhavr

Active Member
Oct 11, 2014
779
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I don't see a way to deposit ETH. I'd order a plastic.

And, looking forward to participate in tap & pay beta testing :)
 

Dr. Julian Hosp

Active Member
Mar 24, 2017
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I don't see a way to deposit ETH. I'd order a plastic.

And, looking forward to participate in tap & pay beta testing :)
We are working on ETH and DASH. We are out of cards right now actually, so also working with Mastercard on a new batch (and maybe a new design for Dash ;-)
 
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Dashmaximalist

Active Member
Mar 16, 2017
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ok if i understand , i will still spend crpyto in fiat right but using the card , instead , or would i spend in crpyto itself

there are both pros and cons for both

crpyto- crpyot no kyc shit , not much coverage

crpyto -crypto kyc shit
 
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Super8

Active Member
Mar 27, 2015
295
152
103
This all seems to have gone a bit quiet...

I'm still waiting for my physical card, and now the app on my phone doesn't seem to open.

Anyone else know what's going on?
 

Balych

Active Member
Sep 12, 2015
365
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Dash Address
Xba1ychX7CjgbRrCKE1LjHjT3jLUhcexs5
From email:
Dear Beta Users,

You received a system downtime notice from us last week. Here is an update. The update we are initiating in our system is going good. We have just received regulatory clearance to re-activate our Singapore based users’ payment capabilities to test out the system.

For our non Singapore based users, we are looking forward to being back online as soon as our card issuers finish their regulatory and AML checks. We’re not sure about the exact time but this is scheduled for two weeks at the moment.

We will update you again as we see more progress moving into next week.
Thanks for your patience and understanding!

Other Updates:

- Ethereum: We have made awesome progress with Ethereum and ERC20 tokens and are starting to test payments next week followed by launching this to our beta testers.

- Dash: We are finishing the integration in the next 3 weeks and should be able to test it internally before opening it to our beta testers.


Best Regards,
TenX Team
 

Super8

Active Member
Mar 27, 2015
295
152
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Thanks..

What was the date of the email?

They made a big deal out of being ready by mid April...

Are they now saying its going to be another 2 weeks at least?

I thought the funding provided by Dash was to make things happen quickly.
 

Super8

Active Member
Mar 27, 2015
295
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I hope I'm wrong, but I sense a bit of strangeness going on with these guys. They've received the 300 Dash funding and now suddenly they're coming out with statements like "we are looking forward to being back online as soon as our card issuers finish their regulatory and AML checks. We’re not sure about the exact time but this is scheduled for two weeks at the moment."

Sounds a bit uncertain doesn't it. I thought they had everything all lined up and ready to go...

Now there is an open ended delay due to regulatory issues??
 

Dr. Julian Hosp

Active Member
Mar 24, 2017
159
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I hope I'm wrong, but I sense a bit of strangeness going on with these guys. They've received the 300 Dash funding and now suddenly they're coming out with statements like "we are looking forward to being back online as soon as our card issuers finish their regulatory and AML checks. We’re not sure about the exact time but this is scheduled for two weeks at the moment."

Sounds a bit uncertain doesn't it. I thought they had everything all lined up and ready to go...

Now there is an open ended delay due to regulatory issues??
Your card should arrive and also the app should open. If you really have tech issues, please send an e-mail to [email protected] We are working on the DASH integration this very moment and since Ethereum has to go live as well, as we were paid by an investor for that, we are full on. The e-mail you are referring to went out an e-mail ago. Everything should be on time.