Proposal description
Discussion / Pre-Proposal here: https://www.dash.org/forum/threads/pre-proposal-dashpaycard-dash-branded-debit-card-fiat-dash-integration.13655/ 
Verification: https://twitter.com/CharlieShrem/status/842023936581873664
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.
Hey All!
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
Proposal Terms
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!
Charlie Shrem
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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Discussion: Should we fund this proposal?
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That will keep it from being used for small purchases.
I wish he went with a %.
Oh well, I will probably still use it for >$30 purchases.
It's also a great option for purchasing/selling DASH for those that don't want to deal with an exchange, and also for making online purchases the fee is nada.
Cheers
This is starting to look very, very bad.
"After I thought about it yesterday, one idea came to mind, which was to make this commercial specifically to highlight the upcoming integration with Payza.
If we shell out $20,000 on a commercial, perhaps Payza could ensure it gets seen by their millions of users once the integration with Dash is complete.
Payza users are definitely Dash's primary target audience and we would get more bang for our buck on this new integration if it was properly and professionally promoted by Payza.
Payza may also be more willing to highlight the integration with Dash if our commercial quality is "professional" and makes both Dash and Payza look good and more advanced than their competitors."
I am preparing an article today for this to publish. I wanted to give this a few days to simmer and unfold and things work out a bit.
Anyone wishing to add input or give a quote, or info, can message myself -- or Charlie since it is his project and he has my contact info. He should be able to vet or review anything first, that is fair.
Have a great week everyone. Barry.
DashDebit.com
If Interested email
CryptoListings@gmail.com
Thanks!
DashDebit.com
If Interested email
CryptoListings@gmail.com
Thanks!
Apart from the obvious possible misunderstanding, it makes perfect sense to give the cards to who has a lot of dash to spend to spread the word. It's a pretty basic mktg technique.
(Explaining to someone seeing a conflict of interest here)
I think that the real difference will be done by:
- Lower fee conversion (competitors' are insane, or even if in the 0,5% ball park they "add" other hidden fees)
- On-the-fly change vs a suitable exchange
- Very low yearly/fixed costs
I think that most of the other Cards adopted by dash are either failing or not winning for the above reasons - 100$ in dash (or in €) becoming something like 95$ in the end. It's a huge cut.
Hope this will change the rules!
what are the available currencies ? just EURO and USD ?
To all the MN owners, I've read the discussion about rebates and how any profit sharing could go to the masternodes, miners, or Evo saving accounts. Sounds difficult to implement, and another source of conflict. Someone will feel that they didn't get their fair share no matter what distribution percentage is created.
I strongly feel that any rebates should go directly back to the card holder to compete with credit cards that offer cash/rebates/rewards that use them. I have a debit card with my checking account, but I NEVER use it because there is no bonus involved.
The consumers should be benefiting from this, not the network! Just my 2 Duffs. :)
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
The awesome thing here is the branding!