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Essentially we propose to build a Dash to Fiat payment processor similar to Bitpay. We hope to launch an alpha in 2 - 3 months containing the core functionality (integration via API, Dash to Fiat (likely only USD at first), deposits to merchant bank accounts), and expand the feature set from...

Here is an article about that seed funding you are referring to. When they received that $500k they had already been established for almost 2 years (founded May 2011, received $500k January 2013). We're new to operating businesses in this space, but we have substantial knowledge (involved...

What makes you say that? I'd wager that Bitpay is a larger payment processor than Coinbase. We are only looking to replicate the payment processor aspect of Coinbase, not their market maker and exchange services.

We will be following all the appropriate regulations. We expect to use a third party who specialises in confirming identities for AML/KYC purposes.

We'd love to at some point in the future, but it's not high on our list.

In this upcoming budget cycle 3 proposals (totalling 2,868 DASH) will receive their final payment. Even if we miss out this month we should see or proposal include in the next two.

The existing banking system is complex (that's why we support Dash!). BitPay supports 8 fiat currencies (USD, AUD, NZD, EUR, CAD, GBP, MXN, ZAR). Having accounts is different countries will help to make transactions faster, and avoid expensive foreign transfer fees. The time it takes for a...

Absolutely. EUR won't be far behind. USD is the most important for us, and AUD/NZD are the easiest for us.

We aim to support all major currencies, but USD, AUD, and NZD will likely be the first 3. LocalBitcoins.com is for trading fiat for BTC between two parties. We are building a payment processor with instant fiat conversion.

Interesting. I was going off dashvotetracker.com when it said 7,450. Just after the proposal went live I noticed the discrepancy between the dashvotetracker.com number and the dashwhale.org number. Will the amount in the budget move up or down with the fluctuations in the mining reward, or is...

Thanks TaoOfSatoshi Votes are looking goo with 97.4% currently in favour (highest of all active proposals). A little concerned that there might be slightly too few Dash in this budget cycle to pass all approved proposals plus ours (though should still get paid the following 2 months). How can...

Our budget proposal is now live and can be viewed here. We appreciate all the discussion that took place in our pre-proposal thread.

It's an interesting idea, but we would prefer to keep it all within Dash (partly to show the power and versatility of the budget system). Perhaps something for the future.

We need bank accounts in the countries we wish to operate in so that fiat payments can be made to the merchant bank accounts. Bitcoin companies have had great difficulty maintain banking relationships even though their businesses are legal (some might call it a grey area) in most jurisdictions...

Good questions. When our system registers that a payment has been made we will automatically sell that amount of Dash on an exchange for BTC, and then automatically sell the BTC for fiat currency. In the future when there are better Dash o fiat exchanges we can skip the BTC step. Our demo at...

The thought did occur to us, but we're not here to criticize any other proposals.

Thanks for verifying that. And sorry everyone for our brief absence. Been in the mountains over the weekend away from cell reception.

I'll send you a PM.

That's us! I'm not on that page as I assumed the role after the rest of the leads were chosen. Updated website coming soon though. Woops. Fixed.

I think I mostly answered this above (quoted below), but feel free to ask more questions. Failure is certainly a possible outcome. One we hope not to encounter, but one which we are not immune from.