Topic: [ANN] 🔥 CryptOcean - ecosystem, processing, exchange 🔥 - page 96. (Read 13543 times)

Yeah, I think in this day and age and if they want to send the right message this would be a great step.

https://www.facebook.com/Cryptocean1/photos/a.366234977216506.1073741828.366230247216979/380220832484587/?type=3&theater
Users’ crypto accounts are presented as a separate service that allows users to conveniently and easily manage a variety of cryptocurrency wallets. In addition, if necessary, the service will protect the user from illegal tracking of wallet addresses and transactions, introducing the concept of confidential proxy-wallets, according to which an attacker will not be able to track the address of the sender of funds.

Another useful option is the opportunity to analyze payments and transfers, as well as to group accounts and wallets of counteragents. This will make it easy and convenient to find wallets and payment details for the next payment, view the history of transactions by time and counteragent. In addition, the user will be able to view and analyze the statistics of operations in different sections.

The keys to the wallets can be stored either by the user or by the service. To carry out automatic operations, upon the request of the service the confirmation will be required. For the convenience of users, it is possible to separate wallets: into those which keys are stored by the user, and those that are controlled by the service using a multi-signature.

The user can generate additional access keys to the wallet and add the option of managing them by the CRYPTOCEAN service and at any time the user may recall them back. The service guarantees the removal of user keys from their databases. However, in the latter case, the responsibility for storing the keys is entirely user’s.

The service offers a key deposit service, then the key is stored in a special secure database, without connecting to the Internet, access to which is possible only within the framework of a multi-step key recovery procedure (this function is not provided for transactions, it is only for the maximum security and safety of funds of the client/heirs).

With the help of the service, multifactor identification and confirmation of operations are configured - by entering the code received via an SMS, a mobile application or biometrics (fingerprint). The level of identification can be tuned for individual wallets or their groups depending on the established limits for the operations being conducted.

In the service it is possible to specify cryptocurrencies and wallets from which the funds will be debited in the automatic conversion to the fiat, the priority of keeping the cryptocurrency, the conversion strategy (for example, at first spend one, then another, or gradually write off from different ones).

Yea, that was helpful, wish the team can also give like a detailed insight about that aspect because a lot of people need clarification on that, is a bit complicated to assimilate but the concept behind it is nice, they also made mention of their transaction fee been lesser than most in market, this part has always been an issue in the cryptosphere and will love to see one offer something lesser

Thanks for the explanation, that sounds plausible
i figured there had to be a solution that worked that way, but i'm not the big blockchain profi yet. But i often learn something new here in the forum

It is true, I'm not entirely sure what these plastic cards will be used for#? I hope paying for goods and services aswell as cash machine - but not sure how possible that is with FIAT exchange etc

It is really interesting but have some confusion. Where exactly we use that cards or where will be swap that card?

You're right, that's like giving the entire brand a face lift because the blockchain industry been a controversy to many, needs things like these, things people can easily connect and relate with, i believe cryptocean has done their homework pretty well to be able to face and overcome the challenge of making this concept a reality

Yeah very huge effort. Right now a lot of organisation are not seeing cryptocurrency as a means of exchange. If crytocean wants to achieve this they will have to address this

If we can take cash out of ATM using crypto card, It will be awesome. This will make crypto currencies more popular. But this requires huge efforts.

Interesting case but I think that could be solved; if they will be depositing to their platform they can keep the deposit records off chain and sync with the blockchain. So you would get it instantly. They will then push to the blockchain and await confirmations.

That possibility is really getting over my head. I want it to happen soonest, it really going to be very cool

That's a really good question. one can not expect from the users that they wait 10 minutes before the ATM or go in the meantime on a coffee. I'm really curious how this should be solved.

Will there really be a need for fee other than the normal gas fee that is involved with erc20 platform?? And secondly, how do they plan to solve the confirmation challenge that usually take a little while?

Nice question ! It would be nice if they did that so that they can show us that they are indeed on the next level. Suggest it on their Telegram channel !

If I buy my new shoes in the store with this card, then the shoe shop gets no crypto currencies but Fiat. Otherwise I can not imagine it, because otherwise every business would have to accept crypto currencies as a means of payment. And we are not that far yet

yeah, id love to see the ability to seamlessly withdraw cryptos into FIAT, but Im not sure it'll be instant like with a cashpoint.

As soon as we get closer to the implementation of such serious things, regulations will come into play. I think that will not be easy as we are discussing here. Team might have better idea for that which I would like to hear.

This would be a serious advantage for the CryptOcean project and would attract many people if it was possible to implement some sort of system to accomadate this

I think if this is properly executed you will be looking at a licensing business. They can license the technology and the brand of the cards and ATM to other places just like VISA for example.

With the cards being made of plastic, have you thought about using recycled plastics?