I am shocked by the huge number of payments processors and gateways.
This is surely something Nu needs to tap into for increasing the ways to buy/sell nubits.
The question that I would have is how much liquidity could be expected to be offered by such payment processor/gateways compared to liquidity offered by exchanges?
Please go ahead.
Regardless whether such DAC would be funded by NSR dilution or not, I feel such DAC would be very useful.
If you go to bestchange and select “give PerfectMoney USD” and “get BTC” you will get this list of exchanges that offer this pair: http://www.bestchange.com/perfectmoney-usd-to-bitcoin.html
Below the list on the right side of the page I can read “The total number working with the Perfect Money USD → Bitcoin direction is 29 reliable exchangers. Total reserve in exchangers: 7 686.68 BTC.”
Due to volatility I imagine the exchanges don’t hold much more BTC than needed. If they sell Nubits, since there is no exchange rate risk, there could be much more NBT liquidity held by these exchanges.
This is just data from exchanges affiliated to bestchange.
Tks. That is not bad; 1.5m USD in reserve.
I really like this plan too -
Perhaps you could introduce a motion to modify the marketing roadmap and/or development roadmap:
cc @tomjoad @Ben @desrever
Thanks for the suggestion. I have taken a more focused approach and will post a draft motion specifically for the “5-steps” maybe today.
I have finally got some time to read and enter in this discussion, will try to make significant comments only otherwise I risk opening up too many discussions 
Impressive stuff.
I’d add Neteller, they recently started taking money in via BTC and it is definitely a top tier player.
I want to also notify a slightly different category that allow users to convert cryptocurrencies in physical cash (and vice-versa) by using existing networks of ATMs and BTMs and partnerships with banks. Pioneers in this category are https://btcpoint.com/en/ and https://chip-chap.com/en using the HalCash network, with more players emerging. Still small market (Spain and Poland) , but worth analysing maybe.
I have added http://www.neteller.com
ATMs and BTMs are a very promising direction. Also kiosks such as Qiwi. They deserve their own thread.
Regarding this our friends from @bitcoincoid made some great news today: http://digitalmoneytimes.com/crypto-news/lamassu-dominates-the-indonesian-bitcoin-atm-market
The fees charged by btc-e for deposite USD using e-currency (PM-USD etc) is about 1% - 2% probably depending on liquidity. CCEDK doesn’t allow it any more (allowed Payeer at 3% before). All allow wire transfer but the hassle and fee will be equivalent 1-2% for average users.
So I expect PEGs can set 1-3% spread on selling/buying NBT and expect to profit. Because of low friction of NBT transfer, increase of NBT adoption will lower handling fee of PEGs across the internet. But there is a limit of this lowering effect, because the fee includes the cost of setting up and operate PEG business, which won’t become 0 with the presence of Nubits.
I invoke thread necromancy…but the reality is this has been mentioned a couple times already because of BTCs volatility recently.
If NBT mass adoption is a key than easy and quick exchange between NBT/USD(fiat) must be a priority.
Has anyone in the community been thinking about this or working on it? There needs to be a gateway as easy as coinbase where users can simply put hard currency in from their bank accounts and get out NBT. And vice versa it needs to allow users to accept NBT and then deposit it to their account.
All this wire transfer business is black magic to the majority of the population. Also the fees are VERY steep except for large transactions. For example right now coinbase charges a 1% exchange fee. One click and done.
Things need to be simple like coinbase/paypal for mass adoption. Just some thoughts to perhaps get a ball re-rolling.
The strategy was to 1) convince payment processors, money exchanges, and e-currency gateawsys (PEGs) to offer NBT, then 2) buy their code (or have it written) that makes simple web page that converts between e-USD and NBT (“Method 3”)
A motion was passed for step 1. @tomjoad has been contacting PEGs. It’s still on-going. As I know no one of the ones contacted has given a positive answer.
I am thinking if we should start to work on “Method 3” by passing a custodian vote and pay someone to write a conversion page for Nu.
I’d vote. But we’d need someone to step up to do it.
It is a little more through…because while it is good for it to be light and anyone could do it.
There should be a central server that has trust that we can point people to.
Phrase the motion as: the Nu Team will be awarded 200,000 nsr for successful implementation of method 3.
Do we need a motion to specify the Nu Team as a group of pseudonyms, or is that taken for granted?
Centralized solution is problematic in the long run. My idea is to let Nu demonstrate the technical solution, and let many competing sites offer the actual service for their own profit.
Then we can point people to them in the Nu Excanges page
If that is a bounty, anyone should be allowed to take it. I thought someone already running his own BTC-USD exchange could do it over the weekend.
If we want a bounty, sure. If we want the NuTeam to do it, we’ll have to reserve the funds for them.
Having the NuTeam to do it would have better assurance of quality.