Zappl inc is taking this very serious and need to gather data on users who might be interested in what we want to do. As you can tell from the post's tittle we're looking into possibly making an exchange. We feel as a company the services it could bring to the market could bring the price of steem up. But it could also give the ability for merchant services as well for steem related sites.
I know some people wonder would this site have more then just steem and sbd?
The plan is to have many fiat trading pairs as well a few altcoins like eth ltc and btc.
So please vote on this poll we have made on twitter and share it with people:
Please reshare this post with everyone you know its pretty important data we need.
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@thedegensloth, @steemitqa , and @zappl
Hello Zappl Team,
I am a very large holder of Zappl (top 10) and have friends in the top 10 as well.
I believe your idea has strong merit (integrating an exchange) however think about the following.
Business is war.
What do I mean?
It is better to offer an Alpha of the product fast, gain some marketshare, mindshare, network effect, etc out there.
You have the opportunity to DESTROY Twitter. In my humble opinion (as an Internet Webmaster for the last 15 years), release your product as fast as possible (obviously with no one able to hack in) and then refine it. Your layouts are great just release it and integrate other features later.
Dont get distracted.
Just my 2 cents.
Oh were not getting distracted no worries about that this is something that would launch after zappl. Its more of less gauging peoples interest in having the ability to transfer funds to fiat. Its proper to get data before you decide to move forward.
The dream would be that people don't need to pull in and out of fiat using zappl :)
What would be the value proposition if you added this feature from the competition? Would be a legal mess I imagine... Unless you have a lot of experience in that area in your team.
Ok great
This comment has received a 2.47 % upvote from @booster thanks to: @thedegensloth.
100% - We need this app out asap. No distractions if possible.
😰😰
Great idea, large undertaking.
Not so large the exchange is the easy part x[]
Its just where you want to start it and legal requirements.
Uhhh, yes of course.. if any crypto needs a debit card it would be Steem, the only one that non-nerds can earn crypto then be able to spend it too.
Yeah it would help a lot some users say.
It would be nice not to have to deal with bitcoin
Yes this is true
+1 Agreed, If it does not have value that is easily accessed, participation becomes pointless. I say this as a developer myself. Truth be told, we're a pretty lazy bunch (in a sense at least).
Steem needs a debit card very badly. We have a quarter million users getting paid out in SD with no easy way to spend it without going through exchanges and Bitcoin. This is slowly adoption down big time.
Yeah it can kinda slow it down with the middle men fiat trades make it one fee instead of coins to btc or altcoin then to fiat. It would make it easier just to be able to change it to fiat with one fee.
I will have to say no. I don't want fiat and to protect users you probably should stay away from it. Cheers, can't wait for launch!
Thanks for your opinion.
crypto to fiat via debit card is a winning game to make it mainstream so people can spend their hard earn money in their local shop. It will be great if Zappl can work with Blockpay or Blocktrades to see if this can easily be done. Many things are going good there and we can combine those effort. Ocash (from OpenLedger) also working to bring crypto physical. I will love us to have like gifts card loaded with some Steem or SBD so that we can give as gift to family members and friends.
Your idea sounds very interessting
Yeah the services you can bring with a fiat pair is pretty good.
Everyone vote "Yes" on this please. Me and friends of mine have recently got our selfs a BitPay card. This works pretty well for Steem/SBD but involves trading to BTC prior to getting it onto the card. These transactions require at least 2 BTC transactions which means 2 fees. If we could convert Steem or SBD to fiat for a Visa card for example there would be no extra fees except for the fees for the card... hopefully there wont be any or very little. This is a win/win if you consider the value. Especially with how many people are creating Steemit accounts now. The creator of the card has more room to make money b/c of the lack of transactions fees and our willingness to use this b/c we wont be double or triple charged for moving our money. Thank you.
Yeah it something that would have to be looked over for sure. Yeah steem and sbd sales wouldn't really cost all that much but it depends on the exchange.
I think that's great idea, if this can happen we can pitch steemit to people more efficiently, that way more people will attarct to steem
Yeah it could be a decent way to get more people involved the less steps they have to take to get to fiat.
Just voted yes
I will vote on twitter..definitely yes.
Glad to hear it!
Would this include paypal? Because that would be epic.
Yes dropping it into Paypal would make my life easier.
That would be interesting that's for sure.
I think I've said it before great idea. Cheers mike
Thank!
Your very welcome mate
Yea, I gotta say yes on this one
Thanks for the opinion!
Oh yeah!
😂
I also think that would be a great idea.
Glad to hear it.
Oh yea I would use it. This is a great idea :)
Thanks for the opinion!
The missing piece of the puzzle.
I guess you could say that.
Are you planning to buy back ZAPPL tokens?
Yes there is a plan to pay them back. https://steemit.com/zappl/@steemtokens/steem-tokens-zappl-inc-information-and-links-from-idea-to-development
Yes!
Oh yeah!
😂😂😂
To be brutally honest , I think it's a waste of time. Short term it might help some users to cash out but the goal is for steem to become a currency that people use to buy stuff.
The price of steem increases when it's utility increases.
For example a marketplace integrated in zappl would increase the steem price far more than an exchange. Or even special features that could be unlocked by spending SBD/steem.
Oh yeah we do have plans for such a thing. Profile eCommerce and things we can't say just yet.
And the exchange don't have to only be centered around steem. But it could make entry into the steem market pretty easy we have many examples of what happens to markets when they are given fiat pairs they explode.
Tim Hello Zappl,
I am holder of a very large Zappl (top 10) and have friends in the top 10 as well.
I believe your idea has merit strong (integrating Exchange) but think about the following.
Business is war.
What do I mean?
It is better to offer a quick product Alpha, get some marketshare, mindshare, network effects, etc out there.
You have the chance to destroy Twitter. In my humble opinion (as Webmaster of the Internet during the last 15 years), let go of your product as quickly as possible (obviously with no one could hack in) and then fix it. Your great layout just let go of it and integrate other features later.
Dont get distracted.
Just my 2 cents.
good luck
yeah for sure!!
Glad to hear your opinion.
Becoming a money transmitter here in the US is incredibly expensive and the red tape is unmatched.
Perhaps a better choice with a lower barrier of entry would be bill payments with STEEM and SBDs. The regulatory burden and cost as well as compliance with Anti Money Laundering laws and Know Your Customer laws would be lower . It would provide a service similar to what you are attempting to accomplish (creating utility for STEEM and SBDs) without going full tilt out of the gate.
Take a look at what Prosper went through back around the early to mid 2000s when P2P lending was unregulated and the SEC dropped the hammer down on them. I think they told us at that time
Lucky enough you just have to know the right people and get the right backers. its not has hard as people make it out to be. A lot of it is fud, yes its hard in the usa but its 100% doable and really profitable. But we never said where it would be located.
Nice idea this is.
Thanks
As it is right now, I am having a hard time with Bitfonex and Gemini. Gemini says I have to wait more than 2 weeks to be verified? Bitfonex just pissed me off today. While I put all my info in, and uploaded what they wanted to be verified,I hit submit and the page just disappeared. God knows where it went.
Bittrex has large withdrawal fees. I cant seem to win here with these.
Yeah the ultimate issues are between regulation and convenience.
This would be huge!
So huge!
this would be an awesome idea so a Big Yes.
Thanks for your opinion!
In my opinion that's great idea, more people will be attracted to steem!
It could have a decent impact that's for sure.
I agree. That creates universal appeal for the laymen. Crypto can be intimidating, it wwas for me. Visa/MC to crypto and vice versa would be the shit. Problem is chargebacks and fraud associated with cc transactions.
Well at first you only allow steem charges visa card not buying steem via visa card. Kyc method for credit card charges.
Wow this is so good for all of us. Projects like this keep us all motivated and committed with the blockchain technology. How cool would it be to be able to quickly convert your just earned SBD into groceries, petrol or movie tickets?
This is just what steemit needs to take off, and really go mainstream.
I love this place and trust it will explode in the near future, but monetization is key for everyone to jump in and trust.
Hoping for the best !! Thanks for sharing :D
It would make it interesting that for sure.
What is this FIAT means?
Survey done. Like the idea of the exchange, can be a very useful tool.
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This post has received a 1.40 % upvote from @booster thanks to: @zappl.
The steem network could definitely use more fiat gateways