"I will be real excited when they can have a direct link to customer's bank account . . . "
Oh, yeeeeeeh! a crypto-fiat portal is a big step forward.
And Cryptsy?
Crypto theory will take a stride forward when there is ready admission of three things that represent de facto centralisation:
One: exchanges being set up to gain and trade large quantities of currencies' coins -- Cryptsy
Two: the fact of whales' influence on markets
Three (lesser but very real): the fact that an established -- 'main' -- bitcointalk thread is controlled by its OP
Mark (IndiaMikeZulu), Australia
It's a little early yet, but perhaps one day we should post a wish list of what an ideal global digital currency exchange should be, if it is only subjected to a universal global set of rules. One registration and a single annual reporting with individual nation providing their guidelines on AML and consumer laws already in books.
Decentralised?
But our perfect exchange -- meaning no disrespect -- would be
none. (Okay, one community-managed otc exchange to facilitate merchant volume -- we've trialled this.) IndiaMikeZulu would like to see the currencies pass from the speculative-trading-centric phase to the 'transactional volume'-centric phase.
(Now you understand the enthusiasm I expressed for Daylily Gardens.)
Mark, Western Australia (How's ya winter, campers? Did I mention . . . tee hee . . . it's blossom-scented spring here.)
Hang in there, Mark. At phase three of our strategic master plan, we intend to launch a company that does not have any traditional book keeping, as we know it today. If you want to be a one of our suppliers you must accept payment in DNotes or a limited number of digital currencies on our list. The same thing is true if you want to buy any of our products on line. This company will not accept credit or debit card. No cash or check either. No direct payment with any fiat currency. But we will accept DNotes multi-currency card issued by our own bank or partner banks as the payment will be in DNotes. Even all the shares of the company, be it private, or publicly traded, will take full advantage of the Blockchain technology, that will be recorded in the public ledger verifiable by anyone anytime. All transactions are decentralized taking full advantage of the Blockchain technology.
So are we there yet? Unfortunately, no, we still have a long way to go. We are at the tail end of phase one. We will be starting phase two at the beginning of 2016. A good amount of our vision will be revealed in our next press release.