Quote from: dirtyboots77 on November 15, 2014, 09:27:26 PM

Quote from: Sons_of_Crypto on November 15, 2014, 08:18:57 PM

Quote from: BitSwift on November 14, 2014, 11:14:30 PM

Dear Community,

Announcing the first peak at SwiftSTORE, our gateway to the physical world:

http://bitswift.co/shop/

A detailed network paper will release on this BitSwift service.

Please note, the ability to purchase SWIFT through the SwiftStore is Disabled, it ill be enabled as soon as our Banking partners finalize our Canadian business accounts.

Thank You,

Enjoy

-BitSwift

Nice

So if I wanted to avoid exchange fees, could I use bitreserve and pay for the swift on SwiftSTORE?

Hello,

The first revision of SwiftStore will allow purchase of BitSwift physical goods as well as provide a CAD gateway into SWIFT with minimal fees. The fees must be applied to cover banking expenses. The store should not be confused with SwiftExchange, or SwiftSales which are services we are hoping to deploy in the future.

The SwiftExchange (Swift->otherAlt) can support multiple currency pairs. SwiftExchange will be deployed later down the road and implemented into the wallet when the demand calls for it. Additional regulatory, legal, and security issues need to be addressed before we launch this service. We are exploring ideas related to incentive based pegging within this service.

For the doubters here is a pastebin of our matchEngine : http://pastebin.com/VsfBjDCW (note: large sections have been removed and areas have been scrambled / deleted to prevent direct copies)

SwiftSales is intended to be an internal auction service on the network - we have yet to start development on this service so there is not much information to give you here.

Long term the plan is to allow other coin networks attached to blocknet pull in CAD through nodes operating on the BitSwift network. We are hoping SWIFT will be the CAD gateway for other networks we interface with.

Example:

CAD->SWIFT ->SwiftNodeReward->SwiftNetworkReward-> Blocknet ->NHZ Digital product
CAD ->SWIFT ->SwiftNodeReward->SwiftNetworkReward->Blocknet->XST Node->XST offline Anonymous transaction or message

This is a long term project with serious goals, we can not and will not rush our services until they have been fully tested and audited.

We apologize to those we offend by releasing information about our future products and plans.

-BitSwift