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Topic: [ANN] [ICO] 2GETHER - THE FIRST EUROPEAN CRYPTO CARD (DELIVERING NOW) - page 12. (Read 5682 times)

jr. member
Activity: 62
Merit: 1
Yesterday, our co-founder Salvador Casquero attended the "Leadership in the Digital Era" forum at La Universidad en Internet  in La Rioja, Spain 👀


https://twitter.com/2gether_global/status/1133666976096768002?s=09
jr. member
Activity: 62
Merit: 1
CEO 2GETHER DEVELOPMENT UPDATE

Yesterday morning we had the demo of our latest sprint ⚡⚡⚡. The new 2gether App just got released. I want to introduce the exciting new features and share with you what´s on 2gether´s pipeline for the following sprints.


New features coming out now:

• New dashboard: integrating your euro, crypto and 2GT holdings
  in 2gether. You will be able to check all your balances and
  directly access all the key sections of the app

• New UX: tab separation of your 2gether accounts and your
  2gether wallets:

   ° 2gether accounts: buy and sell crypto, pay and withdraw with
      euros or crypto with your VISA card

   ° 2gether wallets: deposit your bitcoins and ethers in our in-
      house managed wallets, deposit and withdraw them from 
      and  to external wallets, and use them to pay with your Visa
      card (remember that miner fees or gas will be applied)   

• New coin integration in your 2gether accounts: one of the
   tokens we like the most, to be released tomorrow at midday

• Improvements in our Know Your Customer (KYC) and Anti
  Money Laundering (AML) processes

Features to be released in future sprints:

• 2GT smart contract development: following the MFSA´s
  approval of our Maltese VFA Agent

• 2gether collaborative scale-up engine: composed of three
  related initiatives:

   ° Referral program: 2GT rewards for both the referrer and the
      referred, laddered for the former as the number of referred
      people grows

   ° Founder+ program: limited program providing benefits to its
      members, such as the elimination of third-party fees, tilt-ups
      on the referral program, and access to the 2gether metal card
      (limited edition). The minimum threshold is 20,000 2GT
      (€1,000) and it is limited, don´t let the opportunity pass by

    ° Ambassador program: 2GT rewards for being active in
      spreading 2gether´s word on social networks

• Full fund movement: enabling unconstrained deposit,
  withdrawal and transfer use cases, in and out of 2gether
  accounts and wallets

• Incorporation of further tokens: Dash, BNB, DAI and others

• Improvements in our security and compliance processes

I hope you enjoy it. Next release will come in three weeks, when we close our current sprint... and remember, help us accelerate the world's transition to a Decentralized Finance (DeFi); by using the app, spreading the word and buying 2GTs, all the community wins!

Ramón

jr. member
Activity: 200
Merit: 1
http://2gether.global
I want to send my BTC for converting cash which will be used for Mastercard moneysend. Crypto card companies usually agree to do such business. What about your service?

For now, you can't deposit BTC and convert them to EUR. You can only deposit ETH & BTC and use them against your visa card.

We are working on enabling this service and it should be ready over the summer.

Moneyspend should work
I tried several times but the link on the site doesn't work. Almost all new projects talk about first global crypto debit cards but none of them delivers the cards Asia or US beside Europe. Moneyspend or Mastercard moneysend??

Hi,

The app is only available in the Eurozone at the moment, meaning countries that have the EURO has their main currency

Any app that accepts VISA should accept 2gether VISA Card
member
Activity: 237
Merit: 10
concerning to buying and selling cryptos, I would like to know if you 2gether are going to inform Spanish Authorities in matter of taxes. I mean if no, we all should write it down each and every crypto operation in order to be able to declare gain/loss at the end of the economical year in the well known spanish IRPF.

If you are using the profit to buy something with the card then you don't need to report to the Spanish TAX authority. On the other hand, if you are cashing out EURO via ATM, you are depositing EURO to your bank account or you buy and sell crypto you should report it. I another word if you use crypto like you could use Dollar then you don't need to report it

Well.. I do not agree. Imagine you buy 10 eur in BTC, you store them in your wallet and after one week you use them to buy a 11 eur thing paying with the card because BTC value has risen. So you have gotten 10% profit, so you have to pay taxes for that, in the case of Spain, 19% so 0.19€.

Am I wrong?

Tu summarizes the answer we got from a Spanish specialist:

  • According to a European Union Court of Justice (ECJ) ruling in 2015, bitcoin (hence any cryptocurrency) is considered as any other means of payment
  • As such, capital gains tax only applies when you sell your crypto back to euros. In that case, it should be treated as any currency / forex investment
  • Hence, if you spend your crypto from your card, no taxes would apply. It is like if I buy pounds today, I wait 6 months and then I go to the UK and spend them. It doesn´t matter if the price of the pound has doubled, I don´t pay any tax.

Of course, each country is sovereign and could have local rulings or even laws that could differ from this, but this is the general rule that we can share with the clients.

My recommendation is that if
 you are going to move significant
 amounts of euros and change them to Bitcoin,
 then pay with the card from the BTC or ETH wallet,
 the logical thing is to save the transactions of
 these operations in case the day of tomorrow You
 need to justify it before the Public Treasury.


This is the foremost inconvenience new patrons to this space face when trying to deal with crypto. Among the most popular concerns are privacy violations pertinent to banksters' indecency and massive spying on the ways peeps worldwide spend their money. Only local bitcoins trading and local one on one meetings can free u from obligation to kneel down before public treasury and report on the transactions u made.
legendary
Activity: 1344
Merit: 1001
I want to send my BTC for converting cash which will be used for Mastercard moneysend. Crypto card companies usually agree to do such business. What about your service?

For now, you can't deposit BTC and convert them to EUR. You can only deposit ETH & BTC and use them against your visa card.

We are working on enabling this service and it should be ready over the summer.

Moneyspend should work
I tried several times but the link on the site doesn't work. Almost all new projects talk about first global crypto debit cards but none of them delivers the cards Asia or US beside Europe. Moneyspend or Mastercard moneysend??
jr. member
Activity: 200
Merit: 1
http://2gether.global
I want to send my BTC for converting cash which will be used for Mastercard moneysend. Crypto card companies usually agree to do such business. What about your service?

For now, you can't deposit BTC and convert them to EUR. You can only deposit ETH & BTC and use them against your visa card.

We are working on enabling this service and it should be ready over the summer.

Moneyspend should work
legendary
Activity: 1344
Merit: 1001
I want to send my BTC for converting cash which will be used for Mastercard moneysend. Crypto card companies usually agree to do such business. What about your service?
jr. member
Activity: 200
Merit: 1
http://2gether.global
jr. member
Activity: 200
Merit: 1
http://2gether.global
The news is encouraging, but one thing is missing.

There's no report on the total revenue generated  from your apps/cards? People need to know if they are investing in a profitable company.

The malta VFA approval means? only for exchange listing? or you can finally offer cards outside euro zone?

On page 9 of our tokenomics paper https://www.2gether.global/images/docs/tokenomics_v01.pdf, you can see the predicted revenue for 2019. As you can see this assume a number of active users of 197k. I would stress out that revenue is not the priority of any startup at this stage, growth and Product development is the priority, at the moment it's about improving our product! Indeed, Bugs could be exponentially costly with the number of users.

Malta VFA approval means that our token will be fully regulated by a European country and this would be a gamechanger compare to all our competitors out there. It has many advantages but the most important one is that it will protect retail consumers. It will also remove incertitude around the business strategy of 2gether, which rely heavily on our utility token the 2GT. On top of this, the VFA regulation will help us reach stronger agreements with companies that might not have wanted to be associated with an unregulated token. Being VFA approve means that we can advance with confidence 2GETHER. Wink

Bottom line we are on track to make 2gether successful, a lot will be happening in the next few months!

I hope this clarifies your questions
hero member
Activity: 1316
Merit: 514
The news is encouraging, but one thing is missing.

There's no report on the total revenue generated  from your apps/cards? People need to know if they are investing in a profitable company.

The malta VFA approval means? only for exchange listing? or you can finally offer cards outside euro zone?
jr. member
Activity: 144
Merit: 6
Some fresh news from the CEO, received by email.

- More than 1,500 Europeans have become 2gether founders
=> That’s excellent as there is no marketing around it (only word of mouth) and that they were still in beta only on spain a few weeks ago.

- More than €230,000 worth of 2GT have been bought exclusively by 2gether founders
=> That’s an average of €150 per founder. I don’t know what is the median (would be interesting to know) but that’s a lot (as I guess not every founder invested more than the mandatory €10) and show strong confidence in the project.

- 43% of users are using the app at least once a week
=> Wow! Cool. I ordered my card, but I know I will not use it a lot for now (don’t want to spend my crypto while it’s still so low), so having almost half of the people using the app (not the card) weekly is amazing.

- More than €300,000 worth of crypto is being traded weekly through the App (up by 100% from last week!)
=> That’s an average of €200 per founder. Looks like a great number to me, as trading may not be the biggest feature (imo) of 2gether

- Yesterday we received some promising news from our lawyers in Malta regarding their imminent approval as VFA Agents, a relevant milestone in our path towards issuing and listing the 2GT token.
=> That would be cool, as no other crypto company get approved for the moment. Would be amazing if 2gether was the first one.
newbie
Activity: 9
Merit: 0
concerning to buying and selling cryptos, I would like to know if you 2gether are going to inform Spanish Authorities in matter of taxes. I mean if no, we all should write it down each and every crypto operation in order to be able to declare gain/loss at the end of the economical year in the well known spanish IRPF.

If you are using the profit to buy something with the card then you don't need to report to the Spanish TAX authority. On the other hand, if you are cashing out EURO via ATM, you are depositing EURO to your bank account or you buy and sell crypto you should report it. I another word if you use crypto like you could use Dollar then you don't need to report it

Well.. I do not agree. Imagine you buy 10 eur in BTC, you store them in your wallet and after one week you use them to buy a 11 eur thing paying with the card because BTC value has risen. So you have gotten 10% profit, so you have to pay taxes for that, in the case of Spain, 19% so 0.19€.

Am I wrong?

Tu summarizes the answer we got from a Spanish specialist:

  • According to a European Union Court of Justice (ECJ) ruling in 2015, bitcoin (hence any cryptocurrency) is considered as any other means of payment
  • As such, capital gains tax only applies when you sell your crypto back to euros. In that case, it should be treated as any currency / forex investment
  • Hence, if you spend your crypto from your card, no taxes would apply. It is like if I buy pounds today, I wait 6 months and then I go to the UK and spend them. It doesn´t matter if the price of the pound has doubled, I don´t pay any tax.

Of course, each country is sovereign and could have local rulings or even laws that could differ from this, but this is the general rule that we can share with the clients.

My recommendation is that if
 you are going to move significant
 amounts of euros and change them to Bitcoin,
 then pay with the card from the BTC or ETH wallet,
 the logical thing is to save the transactions of
 these operations in case the day of tomorrow You
 need to justify it before the Public Treasury.





Hello Manucre.
I have a friend who works in the Public Treasury, and for a while he recommended that all the transactions in exchange for cryptocurrencies that I have made for a future. That is to say, it has been a long time that he keeps each and every one of them. This does not mean that my friend is right but I just in case I do.
newbie
Activity: 90
Merit: 0
concerning to buying and selling cryptos, I would like to know if you 2gether are going to inform Spanish Authorities in matter of taxes. I mean if no, we all should write it down each and every crypto operation in order to be able to declare gain/loss at the end of the economical year in the well known spanish IRPF.

If you are using the profit to buy something with the card then you don't need to report to the Spanish TAX authority. On the other hand, if you are cashing out EURO via ATM, you are depositing EURO to your bank account or you buy and sell crypto you should report it. I another word if you use crypto like you could use Dollar then you don't need to report it

Well.. I do not agree. Imagine you buy 10 eur in BTC, you store them in your wallet and after one week you use them to buy a 11 eur thing paying with the card because BTC value has risen. So you have gotten 10% profit, so you have to pay taxes for that, in the case of Spain, 19% so 0.19€.

Am I wrong?

Tu summarizes the answer we got from a Spanish specialist:

  • According to a European Union Court of Justice (ECJ) ruling in 2015, bitcoin (hence any cryptocurrency) is considered as any other means of payment
  • As such, capital gains tax only applies when you sell your crypto back to euros. In that case, it should be treated as any currency / forex investment
  • Hence, if you spend your crypto from your card, no taxes would apply. It is like if I buy pounds today, I wait 6 months and then I go to the UK and spend them. It doesn´t matter if the price of the pound has doubled, I don´t pay any tax.

Of course, each country is sovereign and could have local rulings or even laws that could differ from this, but this is the general rule that we can share with the clients.

My recommendation is that if
 you are going to move significant
 amounts of euros and change them to Bitcoin,
 then pay with the card from the BTC or ETH wallet,
 the logical thing is to save the transactions of
 these operations in case the day of tomorrow You
 need to justify it before the Public Treasury.
full member
Activity: 336
Merit: 101
This is probably one of the few projects that actually deliver a working product before Ico. Great work!!
copper member
Activity: 168
Merit: 0
I has seen your project long time ago but today its the first time that i read your ANN treat. Its good to know that you have already working product and credit card. I really like the comparison table that show your great effort to be better on your industry. I hope you will get great success on crypto.
jr. member
Activity: 200
Merit: 1
http://2gether.global
hi,
is there any update on when the 2GT token will b issue? this is a good moment to release the token since the market seems to be bullish, will it be possible to speed up this release?
thank you,

as mention previously the 2GT can only be issue when we are VFA approved, which is probably 2/3 months down the road
jr. member
Activity: 200
Merit: 1
http://2gether.global
concerning to buying and selling cryptos, I would like to know if you 2gether are going to inform Spanish Authorities in matter of taxes. I mean if no, we all should write it down each and every crypto operation in order to be able to declare gain/loss at the end of the economical year in the well known spanish IRPF.

If you are using the profit to buy something with the card then you don't need to report to the Spanish TAX authority. On the other hand, if you are cashing out EURO via ATM, you are depositing EURO to your bank account or you buy and sell crypto you should report it. I another word if you use crypto like you could use Dollar then you don't need to report it

Well.. I do not agree. Imagine you buy 10 eur in BTC, you store them in your wallet and after one week you use them to buy a 11 eur thing paying with the card because BTC value has risen. So you have gotten 10% profit, so you have to pay taxes for that, in the case of Spain, 19% so 0.19€.

Am I wrong?

Tu summarizes the answer we got from a Spanish specialist:

  • According to a European Union Court of Justice (ECJ) ruling in 2015, bitcoin (hence any cryptocurrency) is considered as any other means of payment
  • As such, capital gains tax only applies when you sell your crypto back to euros. In that case, it should be treated as any currency / forex investment
  • Hence, if you spend your crypto from your card, no taxes would apply. It is like if I buy pounds today, I wait 6 months and then I go to the UK and spend them. It doesn´t matter if the price of the pound has doubled, I don´t pay any tax.

Of course, each country is sovereign and could have local rulings or even laws that could differ from this, but this is the general rule that we can share with the clients.
newbie
Activity: 31
Merit: 0
hi,
is there any update on when the 2GT token will b issue? this is a good moment to release the token since the market seems to be bullish, will it be possible to speed up this release?
thank you,
jr. member
Activity: 52
Merit: 1
concerning to buying and selling cryptos, I would like to know if you 2gether are going to inform Spanish Authorities in matter of taxes. I mean if no, we all should write it down each and every crypto operation in order to be able to declare gain/loss at the end of the economical year in the well known spanish IRPF.

If you are using the profit to buy something with the card then you don't need to report to the Spanish TAX authority. On the other hand, if you are cashing out EURO via ATM, you are depositing EURO to your bank account or you buy and sell crypto you should report it. I another word if you use crypto like you could use Dollar then you don't need to report it

Well.. I do not agree. Imagine you buy 10 eur in BTC, you store them in your wallet and after one week you use them to buy a 11 eur thing paying with the card because BTC value has risen. So you have gotten 10% profit, so you have to pay taxes for that, in the case of Spain, 19% so 0.19€.

Am I wrong?
jr. member
Activity: 203
Merit: 3
The question is. Are you already delivering the card in Europe or not yet?

the awnser is. yes they deliver the cards and the cards work flawlessly Smiley
tyvm

Great news. A company that keep promises in this field is not common... We have seen tens of Ico getting funds and never create the "credit card" projects...
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