Re: [ANN]HashCard: Revolutionising HOW You Use Credit & Debit Cards

Very interesting concept. After reading the whitepaper I have a few questions:

1. The cryptocurrency private keys are stored by you. Do you store the keys in HSMs?
2. The major switching networks will require a quick response time and merchants will also require a quick confirmation so that the next customer can pay. Do you foresee this having the required fast transaction times required by retail as traditionally crypto is not very much retail friendly due to longer confirmation times?
3. If you are keeping the crypto, how are you going to liquidate the crypto coins for a transaction if you have to send it to the exchange first and some exchanges requires many confirmations to reflect a deposit. What if a wallet is in maintenance on an exchange?
4. Are you perhaps using coinpayments.net or similar service in the background?

aws cloudhsm

we use our own fiat funds stored at the main account to cover any transaction, we then transfer to any sub account (card) when requested and if the estimated ~cardbalance is sufficient to cover this transaction. Immediately with the transaction, we lock the best rate via api(where available) and liquidate the necessary position. This is 100% approval rate method. there is an alternative way to process it, but we are still getting an unacceptable amount of "transaction declined"

Isn't this the same that Wirex does? My concern is that if something is concealed from the partner or bank, when that partner or bank eventually finds out, "deal is off". Undecided

What is the plan for when the issuer eventually finds out the cards are used for crypto-related business Huh

They have said in telegram that the bank knows fully what they're doing. It's apparently a Asain bank which they had a deal for the first 3k cards and then if enough interest they would sign a big deal to lock in bank from competitors.
That's why they don't disclose the bank name.

Now with a lot of interest in the project it will be interesting to see if they sign that deal before the end of ICO and say the bank name so that they can get everyone on board.

Where in the Telegram? I've been asking this numerous times all day and 1 Admins either referred me to pm @pwgoch and wait (I did and still no reply) and 2 admins ignored my question.
Do you have a link of what you say they said in Telegram? Thanks.

Here you go https://t.me/hashcard/17561
I never linked to telegram before but I think that is right. That's a reply from a admin.

I have seen them say that several times.