Post
Topic
Board Announcements (Altcoins)
Re: [ANN][RIC] Riecoin: constellations POW *CPU* HARD FORK successful, world record
by
guytp
on 31/07/2018, 14:15:40 UTC
Hi folks,

We've contacted CMC and Cryptoid re: using our data.  I think it's a catch-22 with insufficient volume to garner dev interest from their side.  If we hear back I'll update here.

Regards US Citizens frankly we don't want to get sucked in to FATCA reporting requirements.  We're doing Zapple "properly" rather than just creating a quick exchange.  This means there are regulatory requirements for us to comply with (sadly as well as tech moving on since 2015 so have regulations).

We're currently going through a process to obtain a cryptocurrency exchange license in Estonia.  We're also, in parallel, working on obtaining EMI license so that we can accept fiat funds.  More than that we'll be able to issue debit cards and offer full banking facilities for customers.  We're looking at December 2018 for accepting fiat and Q2 2019 for debit cards and full banking facilities.  Shortly after that we should also be able to fofer debit card that takes live balance based on your crypto-holdings without even needing to "cash-out" to EUR/USD first.  We'll initially be offering accounts in EUR/GBP and hoping to expand to USD and SE Asia currencies in late 2019.

There's a lot going on.  All of this means we need to comply completely with legal requirements and right now we're taking a "no US Citizens" approach to reduce our risk until we've worked out a reporting system that's compliant.  The good news is we intend to offer it, the bad news is we're not right now.

All the above should prove a big draw for Zapple.  We'll also be looking for market makers to provide liquidity across pairs who will receive no-fee trades and potentially even be paid for providing the liquidity (if you're interested, message me).

Our current focus isn't on promoting the exchange but growing the technology, business, licensing and regulatory requirements so that we can move Zapple into a multi-asset bank over the next few years.  Hopefully that gives some hope as to the future.

If anyone does want to help Zapple with promotion at the moment or is interested in working with us in a market/promotion context please drop me a message.  We're working flat-out on delivering everything else but if right person wants to help we could look at doing that sooner than later.

Part of our full banking suite of services will provide both "banking" and "exchange" services.  You'll have a separate balance for each.  The banking side will include a full wallet to store user funds in.  RIC will be one of these for a web wallet and we'll allow users to have their own keys to access this at some point (this won't be until next year though).

If a faucet/explorer/wallet/etc. need hosting we could support this as I'm personally happy to see RIC grow.  We have node and hosting capacity so it is something we could support if needed.

Guy