NuBits/USD gateway

[Yefet]

NuBits idea is all about $1 peg, but there is no NBT/USD liquid gateway. Why so?
Without that the only function NBT currently fulfills is to hedge BTC trading eg at Poloniex and BitTrex.
NuShares rate shows it is not enough, but I have not noticed any ideas to correct the situation.

[huafei]

no one code it

[zoro]

No major fiat exchange is currently supports us-nbt. Hopefully this will change in the future
although exchanges look into supporting hype coins in order to get a quick and huge profit.
(ether,lisk,DAO,waves,etc)

[huafei]

waves CEO have a exchange site with Fiat coinomat.com

[masterOfDisaster]

It has just not been created, but it’s not like there’s no awareness for the need of it:

Fiat Gateway (with Bank/Payment Processor) looking for help

Hello everyone, my name is Dominik and for the past few months I've worked on setting up an fiat gateway for the crypto-ecosystem. After a lot of effort I was able to get a Bank in Central Europe on board, a credit card processor and a working platform for one-click purchases of crypto-currencies. About the business: - Gateway for crypto-currencies - Website is fully operational and tested - We already have bank accounts, payment processors (including a credit card processor on board) and the …

Thoughts on using Paypal for NBT/USD entry and exit

Nu community, So, its been talked about before - Nu needs an easy entry and exit gateway for fiat. There are many issues when we start talking about using fiat... One of the simpler ways of using fiat is using paypal. But using paypal for BTC conversion is not viable because of fraudulent claims and lack of proof of payment. The same issues arise when we talk about NBT. However, there is a way around this: sell website credits which are redeemable for NBT or USD. The credits are traceable…

[Discussion] Contract to create web interface code that one can use to sell/buy Nubits with fiat online

I propose to pay for a contract to enable opening up a new space of possiblities to buy/sell Nubits. This will have several benefits and features: Now if people wants to buy Nubits they have to register at an exchange. This discourages people from trying out with minimum hassle, and increases centralisation. With web sites set up using the software proposed people can easily buy or sell back Nubits. This software can be used to provide liquidity in NBT/FIAT pairs similar to the ALP software …

[Yefet]

It should not necessarily be the major, eg CEX.IO has quite convenient way to deposit fiats with VISA/Master cards.
And what about HitBTC, with its bank transfer options:

[zoro]

Well, us-nbt/fiat pair has some technical difficulties.
IMO, we will need an exchange with a huge btc/fiat liquidity in order to setup a working us-nbt/fiat pair.
Moreover, fiat and anonymity cannot co-exist! We have to use BTC as a medium!

[Yefet]

We have to use BTC as a medium!

in this case NuBits even theoretically won’t be #1 crypto

[huafei]

and what is the status of B&C market?

[masterOfDisaster]

and what is the status of B&C market?

This market won’t help solving the NBT/fiat problem. Fiat is not possible on B&C.

[Nagalim]

We arent trying to be the #1 crypto. Just the #1 stable crypto. We will always need a counterparty, our intent is to spread it out over many cryptos. We use what payment providers we can, and most are connected to btc.

I agree we should focus more on hitBTC. It’s really a shame that we dont provide more liquidity there.

[mhps]

IMO, we will need an exchange with a huge btc/fiat liquidity in order to setup a working us-nbt/fiat pair.

Transactions between Nubits and fiat dn’t happen as often as nbt-crypto because there is little speculation value in nbt/fiat prices. So nbt/fiat volume is inherently smaller. But I agree that for this reason exchanges are less interested in nbt/fiat pairs.
That is why I suggest

[Discussion] Contract to create web interface code that one can use to sell/buy Nubits with fiat online

I propose to pay for a contract to enable opening up a new space of possiblities to buy/sell Nubits. This will have several benefits and features: Now if people wants to buy Nubits they have to register at an exchange. This discourages people from trying out with minimum hassle, and increases centralisation. With web sites set up using the software proposed people can easily buy or sell back Nubits. This software can be used to provide liquidity in NBT/FIAT pairs similar to the ALP software …

[huafei]

can you see the different price of BTC between USD and CNY ?