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Re: [ANN] Crypto X Change Now OPEN
by
cryptoxchange
on 23/11/2011, 03:58:32 UTC
You seem to provide an excellent service. I wish you the best of luck and fortune. Please, if you don't mind suffering my skepticism, could you address a few of my concerns below:


- Resilient and professional payment system. Crypto X Change customers will never have to deal with frozen bank accounts. / Sepa and euro transfers will never be interrupted.

Can you elaborate on this? Is it not possible for a European bank to block a SEPA transaction?


- Credit Cards Within the next few weeks you will be able to purchase bitcoins, and bullion with credit cards world wide!

How are you protecting yourselves from chargeback? ... entirely through liability and indemnity insurance, a special legal framework, or..?


- Special Mining Pool Programme (pool operators, please get in touch - both you and your miners get special exchange privileges)

Such as...?

Hi netrin,

On the bank issue: this is one of our trade secrets, so I can't discuss the details. But the statement is true. I suppose in the world of banking anything is possible, but it is extremely unlikely that a payment will not get to us or to you do to a frozen account.

On the credit card issue: this is again a trade secret, but no it's not due to our insurance. We hope to have the credit card purchases available by Christmas but I don't want to guarantee that.

On the mining pool programme: we're releasing an API that allows mining pool operators to link with us. Their miners can opt to sell directly/automatically on our exchange for a discount, and the pool op gets a portion of the commission (so the op and the miners are both benefited). We're in touch with a few mining ops now but the API isn't quite ready.

Thank you for the questions and please don't ever hesitate to ask.

Regards,
-Crypto X Change