Here we will share the latest developments and updates from the team, as well as general questions from the community, more often than not in an unedited and raw form. They are primarily fetched from Telegram and/or other messaging services. For more formal news and announcements please see the News page.

July 28th 2018



Community Member [28.07.18 18:17]
When can we expect the big news Thomas?

Thomas, [28.07.18 18:37]
I already told you should watch the big companies on socialπŸ˜…

July 18th 2018


#secret #btxm

Community Member [18.07.18 20:44]
When btx big announcement?

Thomas, [18.07.18 20:51]
Soon I can promise that!

Thomas, [18.07.18 20:53]
And it’s not even mentioned in the Roadmap

Thomas, [18.07.18 20:53]
Something big is coming 😊

Ivo, [18.07.18 22:12]
I’m really busy getting everything up an running

Ivo, [18.07.18 22:16]
I’m going to be pushing hard for a few more weeks and then I’m taking some time off

Ivo, [18.07.18 22:19]
As it looks now the btxm’s will arrive on the market sooner then anticipated

Ivo, [18.07.18 22:23]
Ok I’m back to work… will update with news when I have some cool stuff for us

July 17th 2018



Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [17.07.18 12:53]

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [17.07.18 12:54]
Met the guys from cryptoprofile in Singapore today

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [17.07.18 12:54]
Very nice ppl and very interested to help us out for the marketing in asian markets

July 12th 2018



Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [12.07.18 17:29]
Guys, I had very long talks till midnight with the guys from

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [12.07.18 17:29]
If the time is incoming, I will prepare some stuff

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [12.07.18 17:29]
I am totally flashed

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [12.07.18 17:36]
You guys can connecting them or following them…

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [12.07.18 17:36]
@SolutionsKaze at Twitter

June 30th 2018



Community Member [30.06.18 12:31]
@Steve_Bitcore Can you guys please get BTX listed on ZelTrez before the at least the DEX is released???

Thomas, [30.06.18 13:26]
I had a good call with Miles of zeltrez. The wallet looks great and the roadmap looks solid as well. It’s now depending on the core team of Bitcore to decide…

June 28th 2018


#event #networking

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [28.06.18 15:08]

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [28.06.18 15:09]
I would love it to work with these guys

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [28.06.18 15:09]
It was awesome and I have a meeting soon in Germany with them

June 26th 2018


#insightapi #livenet

dArkjON, [26.06.18 20:03] Yeah Carlos have done a great GFX Job again 😍 my job was the stuff around πŸ™ˆ

dArkjON, [26.06.18 20:04]
online since 2 minutes so its a leak πŸ™ˆ

dArkjON, [26.06.18 20:05]
we will also make a ann about it but yeah a sneaky leak is also good πŸ˜‚πŸ‘

dArkjON, [26.06.18 20:18]
sure its display our “livenet” in blocks and also in balls… small balls <1 btx, with balls <10 and pink balls <100 btx

dArkjON, [26.06.18 20:18]
its coupled to the insight api

June 23rd 2018



Community Member [23.06.18 15:00]
Are you telling me that electrum wallet is working for BTX ?? 😱😱

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [23.06.18 15:04]
the most stuff is done…only needs small fixes still…but its WORKING…YEAH

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [23.06.18 15:04]
wait for the announcement

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [23.06.18 15:04]

June 18th 2018


#event #video

Thomas, [18.06.18 14:05]
Watch our full talk @ Coinfest UK 2018 – now available on Youtube:


June 17th 2018



Ivo, [17.06.18 18:19]
So we have stuff upcoming, we know we need to do it, we’re working on it (I know we have been saying that for long, but we’re making progress now)

Ivo, [17.06.18 18:21]
For me it’s in the top 2 of important stuff, for Steve it’s also in the top 2

June 15th 2018


#bearmarket #roadmap #whitepaper #micropointofsaleΒ  #event

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [15.06.18 02:05]
Guys, nothing changed in our mission. Ivo introduced you many weeks long what will be the developments for bitcore. We all accepted the incoming rollercoaster and even the whole markets went down though… developments needs time and is an ugly pricemover of course, but the most important part is, what will happen, if the developments are finished. The foundation is incoming, the fiatgateway is incoming, we had to learn the hard way to work with companies and not with unknown influencers for the Whitepaper. In the end, we never abandoned our mission and we will deliver.

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [15.06.18 02:06]
We made awesome contacts here in New York to begin to attract asian ppl.

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [15.06.18 02:08]
I have a nice bonus for you guys. Matthias, the leader from Europecoin is working very hard for his mission. He integrated us here

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [15.06.18 02:08]
“yes steve, hope you enjoy your trip. Meanwile i have a small update on Financecloud for erverybody. Given BTX is already supported as well as cbitcloud including masternode management dashboard, here it is:

Ivo, [15.06.18 15:18]
This new roadmap both provides great detail to the community about status and progress and this will help manage their expectations much better

Ivo, [15.06.18 15:19]
Yes we have both time framed and non timeframed progress overviews we update this often and we can add context if needed

Community Member [15.06.18 16:19]
Is there any chance that we can get White paper this month..??

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [15.06.18 16:20]
Christina already had a first draft for us

Community Member [15.06.18 21:49]
Question.. What’s β€œMicro Point of Sale” in the Tools section of the roadmap?

Ivo, [15.06.18 21:50]
The micro point of sale is a project Jon is working on

Ivo, [15.06.18 21:51]
It consists among other things of an app that enables store owners to access accepting Btx via a tablet

Ivo, [15.06.18 21:51]
It will also hook in to the fiat gateway

Ivo, [15.06.18 21:52]
These things will be further explained when we get to them

Ivo, [15.06.18 21:53]
This is the first setup for this roadmap, it will be further evolved and expand

Ivo, [15.06.18 21:55]
A lot of stuff need clarification and context

Ivo, [15.06.18 21:57]
The plan is to launch the fiat gateway, then dev and launch these kind of plugins

Ivo, [15.06.18 23:53]
First impression from Team Bitcore @ the World Blockchain Forum in New York.

Full report will be online on our website tomorrow.

June 14th 2018


#event #marketing #updates #roadmap

Community Member [14.06.18 18:53]
Big news? Or big update? Rest well btw and recharge

Ivo, [14.06.18 18:54]
Yeah we spoke to several marketing companies; with one we had a good conversation of what we want and need, they will focus on transportation of our site and articles in both mandarin and kantonese

Ivo, [14.06.18 18:55]
And help us grow and admin our Asian channels

Ivo, [14.06.18 18:56]
And we spoke with a big shot that can help us on the us and global market. They launched eth, monero and others

Ivo, [14.06.18 18:57]
The second one is in early stage

Ivo, [14.06.18 18:57]
The first is starting already

Ivo, [14.06.18 18:59]
Did an interview with an established YouTuber, got access to serval other big you tubers

Ivo, [14.06.18 19:00]
The whole reason we went to NYC was to lobby good marketing contacts

Ivo, [14.06.18 19:00]
That’s why we went with 4 people; Steve, me, Chris and Tina

Ivo, [14.06.18 19:03]
Steve and me for the networking, Chris was there to address tech questions and so we could put a face to the team, Tina is the behind the scenes support we need to take care of all the pa stuff

Ivo, [14.06.18 19:04]
Though we didn’t have a speaker slot there, this was in my opinion one the most successful events for us

Ivo, [14.06.18 19:07]
For us to grow the Asian community, we need a lot of help, not only with articles and stuff, but also on admin of the community, one of our goals is to establish a real following, like we have in the English and Spanish channels

Community Member [14.06.18 19:10]
Is the new roadmap coming anytime soon ?

Ivo, [14.06.18 19:12]

Ivo, [14.06.18 19:14]
This will be a different kind of roadmap though, some items with timeframe, others without; it will be updated and expanded on continuously

June 11th 2018



Ivo, [11.06.18 15:12]
Audits of big exchanges about price manipulation… this effects all alts because they all peg against btc. That’s why we need to decouple as soon as we can.
With the growing of our own infrastructure, we will make that switch

Ivo, [11.06.18 15:13]
Until then we do the same as all other alts and follow king btc

June 10th 2018


#event #partnerships #networking

Ivo, [10.06.18 12:26]
You should ask Steve he’s already in New York

Ivo, [10.06.18 12:26]
Me and Chris will fly there today

Community Member [10.06.18 12:29]
Are you there for a specific event or is it meetings etc? Safe flight guys.

Ivo, [10.06.18 12:30]
The main goal is networking

Ivo, [10.06.18 12:52]
Yeah that’s why 3 of us go there;
We are getting to a point where it becomes more and more relevant to have have solid partnerships to get this coin commercially relevant.
We can dev the coolest stuff, but if we have no parties to work with, it won’t matter at all.
Developing the stuff that we do, takes time and developing the right relationships also takes a lot of time.
Having the right contacts at the right time is really important;
That’s the reason we choose the event we go to, the way we do.

June 9th 2018



Community Member [09.06.18 14:26]
We are listed on General Bytes ATM’s right?

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [09.06.18 14:35]
Yes…every provider who install a general bytes ATM worldwide can enable the option buying and selling btx

June 8th 2018


#event #roadmap

Ivo, [08.06.18 14:42]
New York block chain forum

Ivo, [08.06.18 14:43]
Me, Chris and Steve will attend

Ivo, [08.06.18 14:50]
We have a new roadmap incoming soon 🀐


June 7th 2018



Community Member [07.06.18 10:03]
Ivo , i can sell BTX in BTXM? Or only buy BTX for fiat?

Ivo, [07.06.18 10:04]
they are all 2-way

Ivo, [07.06.18 10:04]
so that means buying and selling

Community Member [07.06.18 10:05]

Ivo, [07.06.18 11:37]
We designed them to be secure and look good at the same time;
We want to invite people to use them, not scare them away πŸ˜‰

Ivo, [07.06.18 11:39]
That’s the reason they are kind of flashy compared to other machines on the market, people need to get curious and walk up to them

Ivo, [07.06.18 11:40]
We want new people on board. Not the 1% we already have

Ivo, [07.06.18 11:50]
they are going to be setup in lots of locations, small stores, cafe’s, franchises etc….

Ivo, [07.06.18 11:50]
they will be on the market before years end

Community Member [07.06.18 13:25]
Also, are there any plans for BTXM to come to the US, and what States and cities?

Ivo, [07.06.18 13:29]
Yes we are aiming for global deployment, the exact locations are not known yet, this is dependent on parties buying them of course. What I can say is that there’s lots of interest from a lot of parties. Either them wanting to deploy one, or getting their service integrated.
I don’t know who wrote the btctalk post, but these are definitely not homebrew machines. I think they might outclass a lot of the competition πŸ˜‰

June 6th 2018



dArkjON, [06.06.18 14:52]

dArkjON, [06.06.18 15:01]
Testing out the new Twitter Tipbot atm πŸ˜ŽπŸ‘

dArkjON, [06.06.18 15:03]
😎 looks like the withdraw was also working nice and smooth so it will start soon πŸ‘


June 5th 2018



Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [05.06.18 23:43]

June 4th 2018


#fiatgateway #btxm #foundation #micropointofsale #roadmap #addressingsomestuff

Ivo, [04.06.18 09:27]
Btx is just at the start, it will gain traction once the projects that add value materialize

Ivo, [04.06.18 09:30]
Focus now is on the fiat gateway and foundation. Then the BTXM’s.

Ivo, [04.06.18 09:31]
The BTXM company is already preparing for their own marketing and sales, but they are not geared towards crypto specifically

Ivo, [04.06.18 09:33]
We have the micro point of sale Jon made ready for integration with the fiat gateway as well. So as soon as the first phase of the fiat gateway is up, that will be production ready in no time

Ivo, [04.06.18 11:16]
Well I would say we have a new roadmap incoming, but I can’t seem to reach the site to work on it

Ivo, [04.06.18 11:16]
At the moment we are working on the fiat gateway, it’s nearing stage 1 completion

Ivo, [04.06.18 11:17]
Stage 1 completion entails, that we are setting up the production environment

Ivo, [04.06.18 11:22]
The biggest issue is that we can’t promise instant gratification, well we can, but we wouldn’t be able to deliver

Ivo, [04.06.18 11:23]
We are working hard behind the scenes. Both on improvements as well as getting our roadmap in to reality

Ivo, [04.06.18 11:24]
But things don’t happen overnight

Ivo, [04.06.18 11:25]
To address some stuff:
No we haven’t left.
No we didn’t dump.
No we don’t have 6 figure lifestyles

Ivo, [04.06.18 11:25]
No we don’t hold big amounts of btc or eth instead of btx

Ivo, [04.06.18 11:28]
Yeah I think most people just want instant lambo’s and don’t appreciate the hard work that goes in to building a real coin with infrastructure. So if you want the get rich quick, please try your luck at the ico casino

Ivo, [04.06.18 11:29]
We are a long term project, that has just finished their initial phase

Ivo, [04.06.18 11:29]
We did the distribution phase, now we are working on the infrastructure and network

Ivo, [04.06.18 11:34]
Tough I do understand people who entered this year might be at a loss, I also have to say that every individual is responsible for their own investments.
The dev team has not β€˜cashed out’ or left at all.
We only sold minor amounts to pay for listings and expenses.
We know we are just at the start of this project. Expenses don’t entail 6 figure lifestyles or lambo’s

Ivo, [04.06.18 11:35]
Just so we are clear on that

Ivo, [04.06.18 11:37]
If anything most of us invested personal funds in to this project instead of using the dev fund.
We only have a limited dev fund, and when it’s gone, it’s gone.
We need it to build and sustain the coin for the coming years

Ivo, [04.06.18 11:39]
Bitcore is not an ico, so no exuberant amount of cash has been raised to start the project

Ivo, [04.06.18 11:44]
So the short answer to why price is down:
Crypto market in general is down,
We have the extra disadvantage of doing the airdrops and giving massive amounts of coins away for free to the community;
The community decided it’s a good idea to β€˜spread’ (dump) those free coins.

Ivo, [04.06.18 11:45]
The official bitcore foundation is being setup now, that foundation will have a dev fund and it can be public as far as I am personally concerned

Ivo, [04.06.18 11:51]
The whole goal of the bitcore foundation is to help the coin along in it’s endeavors. So both on a tech(coin) level as well as on a general development of services level. It should be the first point of contact for people interested in developing utilization of the coin and infrastructure

Ivo, [04.06.18 11:58]
I don’t like people posting dead coin comparison pictures like that, because they are comparing apples to oranges;
The comparison is of, because we gave away huge amounts of free coins, this impacts the free market coins extremely and the dead coin chart is because people just dump a dead coin.
Though at first sight that may seem similar, the economic reasons behind it are fundamentally different and that will show in the near future.
Usually a coin becomes dead because of the dev team leaving and stopping all dev of the coin.
Here the opposite is happening,
We are expanding the dev team and expanding the projects being done. But the fruits of this are not overnight. We are not talking about 1 person projects that are developed in spare time

Ivo, [04.06.18 12:02]
I also saw a lot of β€˜but the airdrop finished last month’
The airdrop holders that don’t get free coins might just be leaving and continue to sell what they have left because they don’t care for the general projects. That means that the sell of of coins can continue for some time after the airdrops finish until the free market coins balance out

June 2nd 2018



Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [02.06.18 11:09]
Yes…Hope other guys also can share my infos…we are working now with a company here in Germany…Christina is a professional whitepaperauthor from intellicore, a nice german company…totally different than we had before…she needs now few days to look into our project, understand our vision and will coming back with good stuff for us

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [02.06.18 11:10]
So, Hope in the end, that you can wait still few days now, because we never want that last drama again

June 1st 2018


#whitepaper #event #unchained

Community Member [01.06.18 15:02]
Does Bitcore have light paper?

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [01.06.18 15:03]
We right now are in talks with a German Company for creating all the paper we need for the future…very nice progresses here

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [01.06.18 15:30]
Nice talk with…

May 31st 2018


#event #unchained #photos

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [31.05.18 11:33]
Greetings from Hamburg and Eric Benz πŸ‘

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [31.05.18 11:33]

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [31.05.18 11:33]

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [31.05.18 11:33]

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [31.05.18 11:33]

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [31.05.18 11:33]

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [31.05.18 16:26]

May 30th 2018


#partnerships #btxm #fiatgateway

Community Member [30.05.18 11:57]
Just wondering will there be any attempts to seek VC partnerships in Europe after the legal framework is completed? I know that btx main goal is to be a preferred payment coin in this ecosystem but vc partnerships may hasten things up in terms of atm usage btxm adoption.

Ivo, [30.05.18 12:07]
we are already working on that now

May 28th 2018


#update #foundation #btxm #fiatgateway

Ivo, [28.05.18 17:30]
Hi everyone,
A quick update on the progress we’re making.
I just got of the phone with the law firm that is helping us with establishing the Bitcore Foundation,
Though there are some delays, we’re making good progress. We can avoid the delays by switching to an other party, but that might get us in to trouble in the future and we’d like to do right from the start, so we are opting for an established firm to help us set this up. As you might have seen on the photos from the BTCM event in Essen, we took possession of the first production version of the BTXM. You might have also noticed that this is a 2 screen version. The top screen can be used for advertising, promotion and info on services. The presentation we did for our speaker slot, sparked lots of interest from crypto media as well as other parties. Me and Jon both gave an interview on ATM integration as well as the BTXM. Besides that we also made some really good connections and we will most likely be doing a slight respec on the BTXM because of interest of a big service provider and we will be discussing a collaboration with them.

Community Member [28.05.18 18:20]
Hi Ivo! I have question: what will be the main purpose of BTXM? To cash out BTX in EUR? Or we could cash out BTC as well?

Ivo, [28.05.18 18:24]
The BTXM’s are service devices for fiat services and ad a crypto layer to all

Community Member [28.05.18 18:26]
Doesnt sound clear to me. Can you give an example?

Ivo, [28.05.18 18:28]
Say you want to buy a play store top up card, you can pay normally only pay with fiat, now you can choose crypto to

Ivo, [28.05.18 18:29]
Or some online service owes you a balance, you can cash out at an BTXM

Ivo, [28.05.18 18:29]
those are just a few examples

Ivo, [28.05.18 18:36]
Online stores will most likely be more interested in the fiat gateway

Community Member [28.05.18 18:37]
It means BTX will be exchanged to fiat through some gate? Some exchange?

Ivo, [28.05.18 18:39]
Yes the online merchants will most likely prefer an direct conversion to fiat and the fiat gateway does exactly that

Community Member [28.05.18 18:43]
Can EU stores accept crypto by law? Im not from EU, just curious

Ivo, [28.05.18 18:44]
Most can

Community Member [28.05.18 18:45]
In case you bought some product and after one week give it back to store, they will return your money in fiat?

Ivo, [28.05.18 18:55]
Depending on the stores and local laws I guess

Ivo, [28.05.18 18:55]
It’s outside of our scope

Community Member [28.05.18 18:58]
Can i order and install a btxm yet in Europe?

Ivo, [28.05.18 19:03]
They will be released before years end, so no not yet πŸ˜‰

May 26th 2018


#medium #luckygamesio

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [26.05.18 01:18]
Just letting you know: we created right now the official Medium account!

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [26.05.18 01:22]
Of course it needs still improvements

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [27.05.18 15:17]

May 25th 2018


#btxm #photos #event #btcm

Ivo, [25.05.18 10:15]
Today we are in Essen for the BTCM event

Ivo, [25.05.18 10:16]
As you might have seen on their site, both me and Steve have a speakerslot

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [25.05.18 14:50]
Oh what is that???? 😜

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [25.05.18 14:50]

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [25.05.18 14:54]

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [25.05.18 14:54]

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [25.05.18 14:57]


May 24th 2018



Community Member [24.05.18 11:43]
Have you tried?

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [24.05.18 11:48]
One sec…I try to find the tweet for it

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [24.05.18 11:49]

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [24.05.18 11:50]
Explaination directly from Komodo blog

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [24.05.18 11:50]

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [24.05.18 11:50]
This was our tweet with proof

Community Member [24.05.18 11:50]
Thanks again Steve😘

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [24.05.18 11:50]
Youβ€˜re welcome

May 23rd 2018


Ivo, [23.05.18 12:01]
Ok so we finished up the the final β€˜draft’ late last night

Ivo, [23.05.18 12:02]
That version is up for review now so when any final modifications are needed feedback is posted there

Ivo, [23.05.18 12:03]
After those, we release

Ivo, [23.05.18 12:04]
As a team, with all our people doing a coordinated push to all our media

May 22nd 2018


Community Member [21.05.18 23:41]
Ivo, follow up question, what about eshops? What will I, as the eshop owner, have to do to accept btx payments through the fiat gateway? Assuming I want to get my $, not stack up any crypto.

Ivo, [22.05.18 00:03]
Yes this will go through the fiat gateway, we will be making plugins for all major platforms

May 21st 2018

#whitepaper #btxm #fiatgateway

Ivo, [21.05.18 10:47]
The wp is meant to complement the project in its entirety not as a pillar to build on

Ivo, [21.05.18 11:00]
We want to focus on the vision from here on out and we need to improve the information made available to everyone, so far we put to little effort in providing this to the public, the change will take time because we’re well on our way in building this

Community Member [21.05.18 20:21]
So, i understand that btxm should work as this: i come to a coffee shop and get a coffee. I pay with btx (lets say i use coinomi and send btx by using a qr code generated by the seller). The seller doesnt have to keep btx, he doesnt even need to like crypto, because he can get his dollars or euros immediately, thanks to the btxm transforming my btx to his fiat. Is that correct?

Ivo, [21.05.18 20:22]
Almost, you are talking about the fiat gateway, not the btxm

Ivo, [21.05.18 20:22]
The fiat gateway does exactly that

Community Member [21.05.18 20:23]
Ah, ok, fiat gateway. But the seller needs the device that also works as an atm, right? The one that you are making a thousand pieces within a year

Ivo, [21.05.18 20:24]
No they don’t have to, they can have an app on a tablet for example

Ivo, [21.05.18 20:26]
The btxm is a device that takes physical cash payments for services as well as crypto, so say you want buy an AppStore top up card, you can feed it cash or you can buy it directly with crypto

Ivo, [21.05.18 20:27]
Because of the crypto service on the btxm you can also use it as an crypto atm

Ivo, [21.05.18 20:29]
Does that explain it a bit better?

Community Member [21.05.18 20:30]
So who will buy (or rent) and place the btxm? But the info about seller using a tablet with an app, being able to accept btx and transfer it to fiat instantly is very interesting and i do like it!

Ivo, [21.05.18 20:32]
Basically there will be several constructions possible depending on the services active on the btxms; so for example a store owner can buy 1 or a party that buy a fleet and place them everywhere

Ivo, [21.05.18 20:32]
The fiat gateway is where the magic happens, the btxm’s extend this

Community Member [21.05.18 20:33]
But i guess it wont be cheap. How can he expect to have his investment returned?

Ivo, [21.05.18 20:34]
The btxm’s aren’t targeted to crypto geeks, but towards all kinds of cash services

Ivo, [21.05.18 20:35]
The crypto is the added bonus for them

Community Member [21.05.18 20:37]
I thought it is all about btxm, but the fiat gateway is indeed much more interesting… At least to me πŸ™‚ is there a timeframe which the fiat gateway will be working? Lets say i have a store and i want to buy a tablet and offer btx payment. When can i do this? Is it linked to the release of btxm’s?

Ivo, [21.05.18 20:38]
Many people focus on the btxm because they think it’s an atm, they fail to see how big of a deal the fiat gateway actually is

Ivo, [21.05.18 20:39]
It’s linked to the fiat gateway not the btxm

Community Member [21.05.18 20:39]
So it is separated project?

Ivo, [21.05.18 20:39]
The btxm’s will add extra liquidity

Ivo, [21.05.18 20:40]
They have a symbiotic relationship

Ivo, [21.05.18 20:41]
So yes they are separated projects with different companies but have strong connections with regards to the projects them selves

Ivo, [21.05.18 20:41]
Having them both makes both projects stronger

Ivo, [21.05.18 20:43]
The btxm’s create extra liquidity to the fiat gateway and the btxm’s benefit enormously by leveraging the fiat gateway

Community Member [21.05.18 20:43]
And you said before, that btxm will have some btx buffer. The fiat gateway will be working differently, exchanging btx to fiat online? So i as a store owner doesnt need to have any btx? I need only some account that will send me usd with the current rate of btx/usd during the payment?

Ivo, [21.05.18 20:44]
The fiat gateway will have a coin and fiat buffer, if you accept Btx you only exchange to fiat. The btxm’s do both ways

Ivo, [21.05.18 20:45]
So if you operate a btxm you don’t need to own any coins, the fiat gateway already has them for you

Community Member [21.05.18 20:46]
And where does the fiat gateway gets its initial funds?

Ivo, [21.05.18 20:47]
The company that hosts it

Ivo, [21.05.18 20:48]
We want many of these in the future and one requirement is that the party operating one has a nice amount of cash

Community Member [21.05.18 20:48]
Ah, so there we have a nice actual need for some stocked up btx πŸ™‚

Ivo, [21.05.18 20:49]
They will need to balance their holdings according to demand;
So they need both cash and coins

Community Member [21.05.18 20:49]
And they get some provision from every payment?

Ivo, [21.05.18 20:49]

Ivo, [21.05.18 20:50]
They need to, it’s pretty expensive to be compliant and to do the transactions

Community Member [21.05.18 20:50]
Thats great, so more fiat gateways operators there are, the more btx is needed. So the price can go accordingly πŸ™‚

Ivo, [21.05.18 20:52]
If they aren’t able to make money, there would be no incentive for them to do a huge investment in the first place

Ivo, [21.05.18 20:53]
So I’m happy they are willing to risk it

Community Member [21.05.18 20:53]
Sure, sounds fair. Although the provision should be somehow controlled so they don’t screw it by too many percents πŸ™‚

Ivo, [21.05.18 20:53]
Same for the btxm company

Ivo, [21.05.18 20:57]
Specifics and detailed info will be made available as soon as we can

Ivo, [21.05.18 20:59]
The biggest challenge we have is making it liquid enough to start having it benefit all

Ivo, [21.05.18 21:00]
We will need a huge community effort for this

May 20th 2018


#education #whitepaper #btxm #fiatgateway #atm #trezor #ledger

Ivo, [20.05.18 12:48]
Our plan is also longer term, we just finished up our distribution (phase 1), now we are working on infrastructure (phase 2) after that we start on leveraging that and that’s where the real fun starts.
So it will take us time

Ivo, [20.05.18 12:52]
We are cheap with the tx, and are aiming at nr 1 payment coin

Ivo, [20.05.18 12:53]
We are also building the infrastructure to make that happen

Ivo, [20.05.18 15:14]
Whitepaper is Geared towards the coin tech, the btxm and fiat gateway are a layer on top of the coin, independent of this

Ivo, [20.05.18 15:15]
They have no place in a wp, if anything they need their own πŸ˜‰

Ivo, [20.05.18 15:20]
BTXM and the fiat gateway are private companies, of course we will help push this, but they are responsible for their own marketing

Ivo, [20.05.18 15:22]
We facilitate these projects, meaning that I run them for these companies so we can create infrastructure that’s needed. Also we have a lot of connections and expertise needed to get everything up and running

Ivo, [20.05.18 15:23]
No exchanges needed, the BTXM’s extend the fiat gateway

Ivo, [20.05.18 15:23]

Ivo, [20.05.18 15:24]
The rates are calculated over current market and some other magic

Ivo, [20.05.18 15:25]
If you buy Btx you own it

Ivo, [20.05.18 15:25]
The fiat gateway company has their own buffers

Ivo, [20.05.18 15:25]
Both in coin and cash

Ivo, [20.05.18 15:26]
They will buy and sell through the tx (liquidity) on the gateway itself

Ivo, [20.05.18 15:27]
Merchants exchanging their Btx for euro will provide coins and buyers on the btxms and websites provide cash

Ivo, [20.05.18 15:28]
It’s an eco system

Ivo, [20.05.18 15:28]
If they are short on coins I guess they will buy on exchanges πŸ˜‰

Ivo, [20.05.18 15:29]
Discount on what?

Ivo, [20.05.18 15:29]
They are separate entities, they are responsible for funding

Ivo, [20.05.18 15:29]
That’s their risk

Ivo, [20.05.18 15:30]
Just like any other exchange, their buffer is their own concern

Ivo, [20.05.18 15:32]
It takes more than people realize to get these gateways up and running, that’s why when we expand many of them, there’s quite a list of requirements to run a fiat gateway, one of them is minimum capital

Ivo, [20.05.18 15:33]
The BTXM’s have several unique properties that will make them sell, we can’t rely on just 1% of nerds to operate them now can we πŸ˜‰

Ivo, [20.05.18 15:36]
Like I said before; we are at <1% adoption, of those 1% only a certain % is a business owner, only a small % of those business owners want to run an atm…
this makes for a limited market, we go an other route where we tap in to a huge market

Ivo, [20.05.18 15:43]
The amount of coins being transacted on a certain btxm will be largely dependent on 2 factors;
1. The location of the device
2. The primary services active on it

Ivo, [20.05.18 15:49]
Yeah sometimes I have meetings to, like yesterday I was in a BTXM meeting all day

Ivo, [20.05.18 15:49]
I’m getting more and more excited as we are finally getting everything together

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [20.05.18 15:54]
Btx is also in the software of them included

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [20.05.18 15:55]
But we have a very important difference between btxm and gb

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [20.05.18 15:55]
The BTXM are designed to not only be an ATM

Ivo, [20.05.18 17:07]
Next week we have a team meeting irl in Essen and it’s on the agenda <regarding updated roadmap>

dArkjON, [20.05.18 18:20]
Yeah that is what i try… Trezor is done, Ledger asking for a RP and dont give any answer to my questions now πŸ˜” <regarding trezor & ledger>

dArkjON, [20.05.18 19:42]

dArkjON, [20.05.18 19:42]
26 days ago

dArkjON, [20.05.18 19:44]
There was also some edit with the pic and other file so its ready since 3 weeks

May 18th 2018


#website #education #trezor


Ivo, [18.05.18 10:51]
We have a nice list of changes that we are going to be doing

Ivo, [18.05.18 10:54]
Next week we have an other team meeting with all of the team, and I’ll make sure to discuss it

Ivo, [18.05.18 11:21]
Once phase 2 completes, steve and me will be working very hard to get merchants on board.
We start with the smaller ones, while preparing for the bigger ones

Ivo, [18.05.18 11:22]
That’s also where marketing will need to dominate the scene

Ivo, [18.05.18 11:28]
We are working on a continuous update effort for the website

Ivo, [18.05.18 11:28]
Changes will be made

Ivo, [18.05.18 11:44]
We need community backing as much as anything else, when the new users will be coming in we need available knowledge

Ivo, [18.05.18 11:51]
Every meeting I have with external parties I always, always, always get basic crypto questions even if they are already involved with developing services

Ivo, [18.05.18 12:01]
We are very open to ideas and initiatives, but as far as running these projects, I’m at max capacity till we finish a few things up

dArkjON, [18.05.18 19:56]
Trezor on next Update πŸ‘Œ

May 17th 2018


#3rdparties #education #whitepaper #fiatgateway #btxm #merchants


Ivo, [17.05.18 09:43]
Even though I touched upon these subjects a few times earlier let me explain a bit more.
These projects are being done with several 3rd parties and while they see huge potential in them, they are also very skeptical and careful when it comes to crypto.
This means that we move much slower than we would with similar projects when they are not crypto related; 1 of the reasons is that the volatility of crypto poses bigger risks then when dealing with normal fiat projects and then we have the fact that lawyers are involved early in the process because of the fact that rules and regulations have not yet solidified or do not yet exist. This poses a huge risk for them also.

Ivo, [17.05.18 14:50]
Because we need the entire community; not just the elite…. we need to educate all walks of life

Ivo, [17.05.18 14:52]
We are getting the fiatgateway ready now; this is a bridge between fiat and coin. So merchants can accept coin and get fiat in return so they don’t run huge risks, because fiat is relatively stable unlike btc and alts

Ivo, [17.05.18 14:52]
The whitepaper is almost here, but doesn’t cover these projects and don’t cover economic principles

Ivo, [17.05.18 14:54]
It is so huge, but most fail to realize the importance of it, all they want is the BTXM, which is an extension of the fiatgateway leveraging existing money services

Ivo, [17.05.18 14:55]
There is no cheating, the blockchain doesn’t lie, contracts will ensure legal penalties

Ivo, [17.05.18 14:56]
So if you have a store, you setup a contract with the fiatgateway operator, they will bill you or credit you

Ivo, [17.05.18 14:56]
You can accept coins and instantly get fiat in the bank

Ivo, [17.05.18 14:57]
Instantly in Banking terms that is

Ivo, [17.05.18 15:02]
We need gateway operators in many countries to speed it up, because international monetary transactions can take up to a week

Ivo, [17.05.18 15:06]
So the plan is simple:
We start the first fiatgateway first,
Create the plugins merchants need,
Make it liquid,
In the mean while finishing up dev on the BTXM’s,
Hook them up and spread them,
Attract merchants

Ivo, [17.05.18 15:06]
That’s basically the very, very oversimplified version of it πŸ˜‚

May 16th 2018


#trezor #btxm #networking #foundation


dArkjON, [16.05.18 00:40]
We will build a new way soon, in next firware update bitcore will be added <regarding Trezor>

Ivo, [16.05.18 19:08]
Phase 1 is done, phase 2 is in progress (all the tools we need), phase 3 is leveraging phase 1 and 2

Ivo, [16.05.18 22:07]
I just got a call this evening from the BTXM producers and it looks like I can pick up the production model next week. I also have got a price and it looks like they will be very, very competitive 😎

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [16.05.18 23:01]
We are next month in New York for networking

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [16.05.18 23:01]
We are in Essen next week and in Hamburg

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [16.05.18 23:01]
We are in Malta in November

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [16.05.18 23:01]
And we are soon again in turkey and Spain

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [16.05.18 23:01]
There are a lot of stuff incoming

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [16.05.18 23:02]
We are right now in a period of sorting out some legal stuff

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [16.05.18 23:02]
Foundation incoming

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [16.05.18 23:02]
Fiat gateway

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [16.05.18 23:02]
And more…

May 15th 2018


#whitepaper #delay #airdrop


Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [15.05.18 15:43]
But we take the Whitepaper very serious…ivo had the idea to launch a first version, but we believe this could going into the wrong direction

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [15.05.18 15:44]
So guys…in the end, our paper would be more powerful and more perfect πŸ‘Œ

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [15.05.18 15:45]
You all here deserve a nice paper

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [15.05.18 15:49]
I explained it already. The intention to don’t deliver the Whitepaper during airdrop was to have the fairest chance for everyone

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [15.05.18 15:49]
You won’t imagine it, if big investors would know that Whitepaper from the beginning on

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [15.05.18 15:50]
They would buying big stacks from the beginning and grabbing all coins, and the few small men would go without any chances

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [15.05.18 15:51]
That’s the reason, why we never delivered a Whitepaper during the airdrop distribution period

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [15.05.18 15:52]
We are here to change things, right?

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [15.05.18 15:53]
So we do stuff different than the rest of the world

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [15.05.18 15:53]

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [15.05.18 23:15]
Yes…we decided to still make some technical improvements…

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [15.05.18 23:16]
So, a few days longer won’t be an issue

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [15.05.18 23:18]
Thanks for your patience

May 14th 2018


#exchanges #whitepaper


βœ”οΈ Chris DEV, [14.05.18 08:31]
Just a listing is also a good step. The Exchanges have problems to understand Bitcore. They think we we are only a copy cat like BCH.

Ivo, [14.05.18 16:08]
It’s different from other whitepapers, because it’s geared towards new comers, merchants and exchanges πŸ˜‰

Ivo, [14.05.18 16:10]
All the dry math and tech is still there, no worries… πŸ˜‚

Ivo, [14.05.18 16:11]
You will see it soon πŸ˜‰

Ivo, [14.05.18 16:11]
Ok I have to get back to it, but I hope we addressed some concerns here

May 13th 2018


#merchants #fiatgateway #btxm #resellers


Ivo, [13.05.18 03:08]
To get retail and merchants on board, we need to offer something -> live fiat gateway, plugins for websites and shops, tablet apps hooking in to the fiat gateway and BTXM’s in the field

Ivo, [13.05.18 03:31]
The BTXM’s need to be in the field, they will be marketed locally and appropriately for where they are placed, the community or operators will have a huge say in this.

Ivo, [13.05.18 03:35]
We have been discussing a sponsorship internally as well

Ivo, [13.05.18 03:38]
We also will have active resellers, we got many requests for that already

May 12th 2018


#marketing #foundation #fiatgateway #community #networking


Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [12.05.18 17:15]
We will come up with a marketing plan too…right now, we are in final discussions with setting up everything. The marketing of course is also not an easy part, but we also invite you too, to discuss it with us. We know here are so many experienced marketers…so we for sure should work together on any plans

Ivo, [12.05.18 17:21]
I will not go in to all the details of the marketing plan just yet, but what I can say is that steve and I used a large part of the day discussing how we should go about it, and what needs to be done and when.
Do not expect a huge campaign before we have the foundation and the fiatgateway up and running

Ivo, [12.05.18 17:25]
I already shared in this channel that we will need a huge amount of help from the community to go along with the marketing plan,
We are not trying to do simple campaigns, but rather have a larger overall strategy that can be expanded with individual campaigns that line up with the strategy. We also discussed a public figure and might have found a very nice high profile person that could help us along.
But keep in mind this will not be cheap at all, and it’s to soon for us now. No working product in the field means we can’t capitalize on opportunities as they arise.

Ivo, [12.05.18 17:31]
First we create leverage (fiatgateway) and then use this leverage to reach our goals.
We want/need merchants on board

Ivo, [12.05.18 17:31]
We focus on that first

Ivo, [12.05.18 17:32]
I really made an effort to get the community on board with what we are doing now, and we will do the same for the marketing

Ivo, [12.05.18 17:33]
The main difference is that the marketing will require a huge participation on the community side as well

Ivo, [12.05.18 17:35]
By giving you guys as much insight in the projects, I hope to give the community the tools and insights needed for the the success of our own and your projects

Steve πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§, [12.05.18 17:48]
Right now, ivo and me are going to Joseβ€˜s crypto Meetup in Madrid.

May 10th 2018




Ivo, [10.05.18 14:24]
There’s a party backing the fiat gateway, no need to worry about it. Also the gateway will grow organically

May 9th 2018


#fiatgateway #community #marketing #meeting #foundation


Ivo, [09.05.18 10:23]
Once the fiat gateway is online, we will start with selling bitcore through it. We will ask the community to push it hard and of course conventional marketing needs to happen to. We need to create a fiat buffer there so we can get merchants hooked in to the system for 2 way transactions.
The BTXM’s will start adding liquidity to the ecosystem as soon as they start rolling out and be put in the field

Ivo, [09.05.18 10:37]
There is no need for liquidity in the exchanges, there’s need for liquidity in the ecosystem itself.
The important thing is that we need to get utility, that will by it self result in buying and selling pressure (spending and earning).
We are building the corner stones needed for such an ecosystem right now.
With the fiat gateway up, people can actually begin to use btx in real life.

Ivo, [09.05.18 17:32]
A small update:
Yesterday I had a meeting with the 2 lawyers that are working on the foundation; we are still on track! So soon we have a fully compliant legal entity that will help us govern and advance bitcore in our quest for adoption.

Today I had a meeting at the accounting firm that will handle the all the accountancy for the fiat gateway; it was a seriously long meeting and they asked how many transactions were possible. They were instantly shocked when I said the network could handle around 48mln tx per day πŸ˜‚ I reassured them that wouldn’t have to handle more then just a very, very small % of that πŸ˜‰
They kept sidetracking to bitcore and what it does and how it works etc, so I decided it was best to do a presentation on the spot with a q&a so we could get back to business. The result was that they all want to buy bitcore now and that I will be doing an introduction to crypto course for the entire firm πŸ˜‚ at the end we got done what we needed so it was all good. Tomorrow I meet with the fiat gateway devs again.

May 7th 2018


#fiatgateway #btxm #paymentprovider #bank #serviceproviders #foundation

Ivo, [07.05.18 11:39]
There’s a few things we need to leverage and this is one of them, the next to major ones are the fiat gateway and after that we need a massive and continuous effort on the BTXM’s

Ivo, [07.05.18 11:40]
the interest in the BTXM’s will ensure interest in the fiat gateways

Ivo, [07.05.18 15:48]
True, but having direction and full control are 2 different things, that’s the main motivation for us involving many different parties with these projects

Ivo, [07.05.18 15:49]
Decentralized infrastructure can only happen if we actively make an effort not to create monopolies

Ivo, [07.05.18 15:50]
We provide the direction and make sure that the external parties can’t monopolize because they are controlled by different entities

Ivo, [07.05.18 16:01]
No there is a fiat gateway party a payment provider, bank, btxm company, btxm production company, service providers and more

Ivo, [07.05.18 16:02]
So it’s a quite extensive list of parties that work together and have contracts between them

Ivo, [07.05.18 16:05]
Some play a bigger role then others, but still

Ivo, [07.05.18 16:08]
So even though we control the specs and design the actual production is done by a german company while the selling, configuration and distribution is done by a Dutch company, the services running on them are from different countries and the service and maintenance is handled by yet an other company

Ivo, [07.05.18 16:11]
The foundation is in the works, I meet with the lawyers tomorrow to make it happen asap

May 6th 2018


#fiatgateway #btxm #thirdparties #webstore #atm #preorders


Ivo, [06.05.18 21:10]
but I realy want us to start building the BTXM network

Ivo, [06.05.18 21:10]
I’m so looking forward to that

Ivo, [06.05.18 21:11]
I want to go places and see them in wild

Ivo, [06.05.18 21:13]
so far we have a hand full of people who want to sell them

Ivo, [06.05.18 21:13]
and besides that, we also get requests

Ivo, [06.05.18 21:14]
also we will be negotiating with vendors

Ivo, [06.05.18 21:16]
bitcore will not be selling them

Ivo, [06.05.18 21:16]
basically bitcore is the enabler

Ivo, [06.05.18 21:16]
so we run the project together with third parties.

Ivo, [06.05.18 21:17]
I tink I’m allowed to say they will be availeble throug a webstore

Ivo, [06.05.18 21:17]
also there will be regional resellers

Ivo, [06.05.18 21:18]
owner gets percentage over every tx

Ivo, [06.05.18 21:19]
but there will be different types of constructions. so for example 1 party might buy 20 pcs and put them in all kinds of stores

Ivo, [06.05.18 21:19]
but individual stores might also just buy 1 directly and negotiate their own deal

Ivo, [06.05.18 21:21]
they will be competative

Ivo, [06.05.18 21:21]
it’s not my place to make it public yet

Ivo, [06.05.18 21:22]
the companies doing the btx will do that and after that I can spam it everywhere

Ivo, [06.05.18 21:24]
That’s logica that are basically up to the BTXM company and the deals they negotiate with the customers

Ivo, [06.05.18 21:26]
If 1 party for example buys 100pcs and they negotiate that they don’t want others in a x mile radius they might get that deal

Ivo, [06.05.18 21:28]
Yeah it takes cash to operate these things

Ivo, [06.05.18 21:29]
We will also be sponsoring a few probably… don’t bother asking for one for free πŸ˜‚

Ivo, [06.05.18 21:31]
No but still we want lots of these in the field

Ivo, [06.05.18 21:31]
So we will be smart about that

Ivo, [06.05.18 21:33]
All I’m saying is, because the BTXM’s are a product, deals can be made to help things along

Ivo, [06.05.18 21:34]
And don’t forget, the restrictions probably only apply to specific services running on them and not the crypto aspect

Ivo, [06.05.18 21:34]
I have one in my living room πŸ˜‚

Ivo, [06.05.18 21:35]
You need the machine only

Ivo, [06.05.18 21:35]
The gateway will take care of the rest

Ivo, [06.05.18 21:36]
That’s why there will be parties that will be putting them in other parties locations

Ivo, [06.05.18 21:36]
You as a company get a bill and you pay it

Ivo, [06.05.18 21:37]
You keep the dividend

Ivo, [06.05.18 21:37]
There will be several constructions possible for this

Ivo, [06.05.18 21:38]
They will create liquidity like this

Ivo, [06.05.18 21:39]
Every coin transaction is liquidity for the fiat gateway πŸ˜‰

Ivo, [06.05.18 21:42]
It’s a service and it’s supposed to spark adoption, we need to get rid of the insane markups that operators charge on ATMs

Ivo, [06.05.18 21:44]
These are not ATMs

Ivo, [06.05.18 21:45]
Reliable, cheap transactions will help us

Ivo, [06.05.18 21:45]
The crypto is the added bonus

Ivo, [06.05.18 21:46]
Bars will have their own services that outweigh the crypto aspects

Ivo, [06.05.18 21:47]
We add a crypto layer to EVERY service

Ivo, [06.05.18 21:47]
So yes you can use them as a simple crypto ATM

Ivo, [06.05.18 21:48]
These will be attractive to conventional business as well as crypto nerds

Ivo, [06.05.18 21:48]
But the other 99% is what we want… the 1% crypto nerds are for free

Ivo, [06.05.18 21:49]
This does so much more than any ATM

Ivo, [06.05.18 21:50]
It creates direct crypto capabilities to any cash service

Ivo, [06.05.18 21:50]
You can pay for so much stuff with btx in the near future as well as pay out in fiat

Ivo, [06.05.18 21:53]
The possibilities are huge and that makes it a tough one by it self

Ivo, [06.05.18 21:53]
We want them to be fully operational and no errors like all the others

Ivo, [06.05.18 21:58]
The route we are going will make it easier for operators, because all you do is enter in a contract that you will be providing a service for a third party and get payed for that service

Ivo, [06.05.18 22:02]
Well not we… but the us gateway operator

Ivo, [06.05.18 22:02]
So that makes life easier for operators, they indirectly leverage that licensing

Ivo, [06.05.18 22:03]
See why this is the way to go?

Ivo, [06.05.18 22:03]
It will not be cheap to run a fiat gateway

Ivo, [06.05.18 22:05]
That’s the reason we start with Europe because we have it in place already

Ivo, [06.05.18 22:05]
Us is a tricky one

Ivo, [06.05.18 22:07]
A guesstimate to start a fiat gateway will be a minimum of 150k usd to get started. In the us this will be more

Ivo, [06.05.18 22:12]
Well the 150k is only the operational costs you can expect to get up and running

Ivo, [06.05.18 22:13]
But the exact numbers will be Available once the first one is up and running

Ivo, [06.05.18 22:20]
We want one up and running, see what we run in to, get the BTXM’s in the field and expand

Ivo, [06.05.18 22:21]
Preorders for the BTXM’s are dripping in even without knowing the price πŸ˜‚

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