Proposal “DASHPAYCARD-DEBIT-CARD“ (Completed)Back
|Title:||DASHPayCard - DASH Branded Debit Card + Fiat/Dash Integration|
|One-time payment:||450 DASH (156496 USD)|
|Completed payments:||1 totaling in 450 DASH (0 month remaining)|
|Payment start/end:||2017-03-20 / 2017-04-19 (added on 2017-03-16)|
|Votes:||1235 Yes / 62 No / 10 Abstain|
Discussion / Pre-Proposal here: https://www.dash.org/forum/threads/pre-proposal-dashpaycard-dash-branded-debit-card-fiat-dash-integration.13655/
Update: I dont need to wait for the payout to get started, as soon as I see enough YES votes I will lay out the program fee myself.
After speaking to many in the DASH community and business development team, I've decided to make a proposal and I'm excited to announce the creation of the DASHPayCard! In addition, I will be working to integrate DASH into Payza for a fiat to DASH gateway.
(This may not be the final design, but the one I'm working with. If you can create a better one please message me!)
How it Works
I've partnered with Payza.com to launch this card. In 2014 I partnered with them to add direct Bitcoin buying/selling - https://www.coindesk.com/payza-launches-bitcoin-buying-consumers-190-countries/The card will be available to residents of 106 countries, including the USA. It will be issued by a USA bank and have a chip and pin. You can have the card denominated in USD, EUR, and others.I've purchased DASHPayCard.com and I will build and maintain the project.To purchase the card, you will create an account, get verified through KYC and then purchase. The card itself will cost between $10-$20 and the fee's to use the card will be low. I'll update this thread when I have more information.
Direct Integration for fiat / Dash
I will work with the Payza development team to integrate the ability to sell DASH onto the card and buy DASH as well. Payza supports hundreds of countries and has local payment options like credit card, bank transfer, ect. Now everyone can buy DASH using any of these payment methods directly on their account.
Right now, where it says Bitcoin there will be another option for DASH.It will be on Add Funds and Withdraw Funds
Profit Sharing to lower fees
We could just use the funds from the profit share to make the fees lower. I will negotiate the rev share and then use that to make the card price and fees as cheap as possible
I'm asking for 450 DASH which will cover a 3 month budget
The costs will cover the following:-
- Initial 1 time card program fee is 150 DASH
- Development costs and maintenance 75 DASH per month.
- Customer support is 25 DASH per month
I estimate that I can get the cards into your hands in 3 months.
After that, I can do a 6 months to 1 year proposal for program maintenance.- I will also provide weekly status updates.
EDIT: Someone asked how the funds will be spent:
Right now, the price of dash calculates this around $40k USD. The program fee is roughly 15k to start and Im trying to negotiate with a higher upfront payment to keep the costs and fees associated with the cards as low as possible. Payza.com is the company managing the program with me. Im hiring a developer to build out DashPayCard.com to have a full backend and a front end dev and designer as well. Also, integrating DASH to be able to fund the card itself and withdraw DASHh into fiat. At card launch, you will be able to login to Payza.com and do all those things, which I estimate about 3 months of work. All in all, as long as I still to my own budget, my compensation over the 3 month period is $2,500 per month. - I will follow this budget, if the price of DASH appreciates significantly I can use the funds to keep the costs of the cards as low as possible. Would be cool if we can make the first few hundred cards free! - Charlie
Who am I?
I co-founded and was CEO if Bitinstant, one of the earliest and largest Bitcoin companies in 2012, we handled 30% of all BTC volume per day. My first company DailyCheckout I sold when I was in college. After that I went to found the Bitcoin Foundation and was its Vice Chairman. Now I handle biz dev to Changelly.com and investor in Dash :) Here is my wikipedia https://en.wikipedia.org/wiki/Charlie_Shrem
Looking for your feedback!
Manually vote YES on this proposal (DashCore - Tools - Debugconsole):
gobject vote-many 4c42350252e150904635ef6780e09d5f5b015660c104a94798a2a342270642df funding yes
Manually vote NO on this proposal (DashCore - Tools - Debugconsole):
gobject vote-many 4c42350252e150904635ef6780e09d5f5b015660c104a94798a2a342270642df funding no
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