[ANN] [SFR] SaffronCoin | Latest Version - 1.4.2/2.6.2 | Mandatory Wallet Update - page 116.

saffroncoin

hero member

Activity: 560

Merit: 500

Quote from: oktogen on August 02, 2014, 12:38:07 PM

Quote from: saffroncoin on August 02, 2014, 02:18:35 AM

We can confirm that we have started work on SFRPay. After a lot of input from the community on this forum and IRC, we feel the best solution to SFRPay and going by PayPal regulations is to have virtual cards/vouchers sent to your email.

This is a brief explanation on how this will work :

In the SFRPay tab in the wallet, you select the amount of SFR you wish to buy and the equivalent current price in USD will be displayed to you. You need to enter an email address at which you wish to receive the SFR Voucher. Once that amount is paid through PayPal, you will get an email containing your SFR Voucher which will have a unique code displayed on it. You need to enter that unique code in your wallet when prompted. Once the code is verified, the amount of SFR you bought will be sent to you within 1 block confirmation.
So you get your crypto pretty fast.

Hope this eases a lot of your payment issues with cryptos.

P.S. 2 days left for the hardfork.
If you haven't seen the new OP, please have a look.

Hm, sorry maybe stupid questions. How will be determined price of SFR voucher? If it is not secret, what will be origin of SFR for voucher?

Since the prices will be very volatile and SFRPay will allow bulk buys at a single price, it is difficult to keep an exact price. So we are thinking of getting the average price of the top 10 Sell orders on the exchange with the highest Volume of SFR which is currently Bittrex.
You need to buy SFR at that average price which will be displayed to you in real time conversion rate for USD.

SFRPay Vouchers will have fixed amounts of SFR as well as you can enter custom amounts. Fixed Vouchers are 100 SFR, 200, 500 1000, 2000, 3000, 5000, 7000 and 10000. The max limits will be changed later.

oktogen

newbie

Activity: 46

Merit: 0

Quote from: saffroncoin on August 02, 2014, 02:18:35 AM

We can confirm that we have started work on SFRPay. After a lot of input from the community on this forum and IRC, we feel the best solution to SFRPay and going by PayPal regulations is to have virtual cards/vouchers sent to your email.

This is a brief explanation on how this will work :

In the SFRPay tab in the wallet, you select the amount of SFR you wish to buy and the equivalent current price in USD will be displayed to you. You need to enter an email address at which you wish to receive the SFR Voucher. Once that amount is paid through PayPal, you will get an email containing your SFR Voucher which will have a unique code displayed on it. You need to enter that unique code in your wallet when prompted. Once the code is verified, the amount of SFR you bought will be sent to you within 1 block confirmation.
So you get your crypto pretty fast.

Hope this eases a lot of your payment issues with cryptos.

P.S. 2 days left for the hardfork.
If you haven't seen the new OP, please have a look.

Hm, sorry maybe stupid questions. How will be determined price of SFR voucher? If it is not secret, what will be origin of SFR for voucher?

adamandeve

member

Activity: 98

Merit: 10

@AltcoinAdam

amazing work dev!

i'm a little over halfway through the paper, but already pretty blown away!

keep it up

SumthngsWrong

full member

Activity: 168

Merit: 100

Quote from: SumthngsWrong on August 02, 2014, 03:04:06 AM

Quote from: saffroncoin on August 02, 2014, 02:18:35 AM

We can confirm that we have started work on SFRPay. After a lot of input from the community on this forum and IRC, we feel the best solution to SFRPay and going by PayPal regulations is to have virtual cards/vouchers sent to your email.

This is a brief explanation on how this will work :

In the SFRPay tab in the wallet, you select the amount of SFR you wish to buy and the equivalent current price in USD will be displayed to you. You need to enter an email address at which you wish to receive the SFR Voucher. Once that amount is paid through PayPal, you will get an email containing your SFR Voucher which will have a unique code displayed on it. You need to enter that unique code in your wallet when prompted. Once the code is verified, the amount of SFR you bought will be sent to you within 1 block confirmation.
So you get your crypto pretty fast.

Hope this eases a lot of your payment issues with cryptos.

P.S. 2 days left for the hardfork.
If you haven't seen the new OP, please have a look.

Howdy, DEVs- Ummm- I am looking for my .dat file to back up before I switch to 2.4 - I am running 2.3.1.
I noticed last week that there in no SFR folder in my .appdata/roaming folder, is there one? Now I feel like a goober.

I used the in-wallet backup option, I typically do not like doing it that way, but it works like a charm- no need though, the new version (2.4) started and synced immediately! Thanks again.

SumthngsWrong

full member

Activity: 168

Merit: 100

Quote from: saffroncoin on August 02, 2014, 02:18:35 AM

We can confirm that we have started work on SFRPay. After a lot of input from the community on this forum and IRC, we feel the best solution to SFRPay and going by PayPal regulations is to have virtual cards/vouchers sent to your email.

This is a brief explanation on how this will work :

In the SFRPay tab in the wallet, you select the amount of SFR you wish to buy and the equivalent current price in USD will be displayed to you. You need to enter an email address at which you wish to receive the SFR Voucher. Once that amount is paid through PayPal, you will get an email containing your SFR Voucher which will have a unique code displayed on it. You need to enter that unique code in your wallet when prompted. Once the code is verified, the amount of SFR you bought will be sent to you within 1 block confirmation.
So you get your crypto pretty fast.

Hope this eases a lot of your payment issues with cryptos.

P.S. 2 days left for the hardfork.
If you haven't seen the new OP, please have a look.

Howdy, DEVs- Ummm- I am looking for my .dat file to back up before I switch to 2.4 - I am running 2.3.1.
I noticed last week that there in no SFR folder in my .appdata/roaming folder, is there one? Now I feel like a goober.

saffroncoin

hero member

Activity: 560

Merit: 500

We can confirm that we have started work on SFRPay. After a lot of input from the community on this forum and IRC, we feel the best solution to SFRPay and going by PayPal regulations is to have virtual cards/vouchers sent to your email.

This is a brief explanation on how this will work :

In the SFRPay tab in the wallet, you select the amount of SFR you wish to buy and the equivalent current price in USD will be displayed to you. You need to enter an email address at which you wish to receive the SFR Voucher. Once that amount is paid through PayPal, you will get an email containing your SFR Voucher which will have a unique code displayed on it. You need to enter that unique code in your wallet when prompted. Once the code is verified, the amount of SFR you bought will be sent to you within 1 block confirmation.
So you get your crypto pretty fast.

Hope this eases a lot of your payment issues with cryptos.

P.S. 2 days left for the hardfork.
If you haven't seen the new OP, please have a look.

anon989

member

Activity: 84

Merit: 10

Our chart always looks like skyscrapers Tongue

cryptoholic11

hero member

Activity: 560

Merit: 500

Quote from: Rnbin on August 01, 2014, 07:10:40 PM

Quote from: evoked22 on July 31, 2014, 07:54:10 PM

Exclusive interview

Twitter: https://twitter.com/CoinsSource/status/494979095646568448

Thank you! Great community +1

Good interview. This coin's a sleeping giant, the potential is high. Needs some polishing with the upcoming plans and it's good to go!

New redesigned OP with all the recent changes and updates will be available soon. Community and devs managed to find a very good graphics designer to help us out, so I ask anybody who appreciates their hard work and effort to donate once the devs makes the necessary updates and make the post!

Rnbin

full member

Activity: 168

Merit: 100

Quote from: evoked22 on July 31, 2014, 07:54:10 PM

Exclusive interview

Twitter: https://twitter.com/CoinsSource/status/494979095646568448

Thank you! Great community +1

Good interview. This coin's a sleeping giant, the potential is high. Needs some polishing with the upcoming plans and it's good to go!

lin0sspice

legendary

Activity: 1190

Merit: 1002

Btc-e is using code in their exchange such as cash amount

If SFR fiat exchange is coming we can do it to, so people can sell voucher to Fiat.

I know Vietnamese use Btc-e a lot.

anon989

member

Activity: 84

Merit: 10

Quote from: saffroncoin on August 01, 2014, 12:28:24 PM

We will have it as vouchers / coupons. Just thought of this way of implementation. So will first have to design a good looking SFRPAY coupon and then develop an algorithm for generating unique codes on the coupon.

Much later when cryptos become even more popular, we can have hard coupons/vouchers that can be sold at stores. A much easier way to buy SFR.

Btc-e, and bter have those codes you can get that allows you to transfer coins to another user on the exchange.
Sounds like a similar concept, and could allow users to "resale" the code with out touching the coins.
Could be handy.

saffroncoin

hero member

Activity: 560

Merit: 500

We will have it as vouchers / coupons. Just thought of this way of implementation. So will first have to design a good looking SFRPAY coupon and then develop an algorithm for generating unique codes on the coupon.

Much later when cryptos become even more popular, we can have hard coupons/vouchers that can be sold at stores. A much easier way to buy SFR.

tfbpa

newbie

Activity: 47

Merit: 0

Quote from: saffroncoin on August 01, 2014, 09:23:40 AM

Quote from: tfbpa on August 01, 2014, 08:34:01 AM

I was very excited that you knew all the executive managers and board of directors at Paypal when I read that it will be integrated, as Paypal is extremely notorious for almost not allowing anything to be bough/sold and since you stated that it would be integrated I actually thought that perhaps you were one of the directors.

Only this seems not to be the case. From what I understand you did not even contact the legal department of Paypal yet, is that correct? The very first thing you need to do is get in touch with the board of directors of Paypal, explain your business plan and get a written approval that you are allowed to buy/sell cryptocurrency, otherwise your account will be blocked by Paypal within a very short time.

As long as you don't have specific, written confirmation of the board of directors of Paypal, I really wouldn't waste any time trying to implement it, as it will be blocked almost immediately.

See https://en.bitcoin.it/wiki/Buying_Bitcoins_(the_newbie_version)#PayPal for more information about Paypal and Bitcoin, which you really should have researched before telling everybody that you will integrate it.

That said, I do like your coin and wish you all the best, but again, don't waste any time with Paypal until you have a written confirmation from the Board of Directors.

Thanks for that link. PayPal is not widely used in my part of the world so never knew it had so many issues. Maybe those PayPal regulations were before eBay CEO said that he is interested in Bitcoin. But this has made me think of an even better solution. According to most of you, PayPal doesn't allow merchants doing business with Bitcoin. So let us give out Gift Cards. Certainly PayPal allows the buying of Gift Cards/Vouchers right?
Once our users make a purchase for the amount of SFR they wish to buy through PayPal, we will email them a SFR Gift-Card/Voucher containing a unique code. Entering that code into your wallet will have the amount of SFR you purchased transferred to you within some time. So here PayPal is only used by you to buy Gift-Cards/Vouchers which i feel they have no problems with. I don't think it matters to them that those Vouchers will be used to get digital currencies. They say not to use their service for buying/selling digital currencies, ok we are not. We are just issuing some Gift-Cards/e-Cards/Vouchers. Also we are doing this business under "digital goods and services" which does include virtual Gift-Cards. Wink

In this way i guess everyone is happy and we meet the regulations.

What do u think?

That indeed sounds like a nice and creative solution that should be possible.

The only thing that I could find in short time is that according to Paypal's user agreement as per item 7.3 on https://www.paypal.com/hk/webapps/mpp/ua/useragreement-full gift-cards are not eligible for Paypal buyer protection.

This of course beneficial to the seller and negative for the buyer, but at least there is no chargeback possibility for you the seller and therefore your account will not get locked and as long as you keep the agreement and send the gift-cards which work, then everybody should be happy.

I like it!

Do you already have working gift-cards and if not, any idea as to the timeline when you can have this available?

kcanup

legendary

Activity: 1484

Merit: 1000

Quote from: saffroncoin on August 01, 2014, 07:11:40 AM

Quote from: chickenfried12 on August 01, 2014, 07:04:52 AM

I think part of the problem is charge back issues. They did not understand Cryptos and blockchains. If they are integrating Bitcoin, they may have changed their stance. I was threatened last year by Paypal that I could have my account restricted if I continued to sell bitcoin.
I would focus on payment systems that are widely used in India. I think if you focus on becoming the leading Alt. currency in India you will gather lots of World Wide Attention.

Yea but many in India don't even know what Bitcoin is. So at this point we need to target the majority of our community. We can already say that we are the only main alt currency in India. In a few months time, we will look to seek the Govt. attention to make us the official crypto currency of India for alternative payments. Then setup ATMs. Once our Govt. gives a nod to cryptos, it would be great.

When things grow in India, I will take SFR to Nepal, then SFR will rock whole South East Asia. As of right now Nepal government has banned Bitcoin without even knowing its technological benefits im focused to make money for myself so i can shit on their monetary policy one day and introduce crypto to public in few months time. Wink

TizeN85

full member

Activity: 136

Merit: 100

Good solution to use PayPal !

hamzatu

member

Activity: 70

Merit: 10

Gifts cards is money. Good idea.

saffroncoin

hero member

Activity: 560

Merit: 500

Quote from: tfbpa on August 01, 2014, 08:34:01 AM

I was very excited that you knew all the executive managers and board of directors at Paypal when I read that it will be integrated, as Paypal is extremely notorious for almost not allowing anything to be bough/sold and since you stated that it would be integrated I actually thought that perhaps you were one of the directors.

Only this seems not to be the case. From what I understand you did not even contact the legal department of Paypal yet, is that correct? The very first thing you need to do is get in touch with the board of directors of Paypal, explain your business plan and get a written approval that you are allowed to buy/sell cryptocurrency, otherwise your account will be blocked by Paypal within a very short time.

As long as you don't have specific, written confirmation of the board of directors of Paypal, I really wouldn't waste any time trying to implement it, as it will be blocked almost immediately.

See https://en.bitcoin.it/wiki/Buying_Bitcoins_(the_newbie_version)#PayPal for more information about Paypal and Bitcoin, which you really should have researched before telling everybody that you will integrate it.

That said, I do like your coin and wish you all the best, but again, don't waste any time with Paypal until you have a written confirmation from the Board of Directors.

Thanks for that link. PayPal is not widely used in my part of the world so never knew it had so many issues. Maybe those PayPal regulations were before eBay CEO said that he is interested in Bitcoin. But this has made me think of an even better solution. According to most of you, PayPal doesn't allow merchants doing business with Bitcoin. So let us give out Gift Cards. Certainly PayPal allows the buying of Gift Cards/Vouchers right?
Once our users make a purchase for the amount of SFR they wish to buy through PayPal, we will email them a SFR Gift-Card/Voucher containing a unique code. Entering that code into your wallet will have the amount of SFR you purchased transferred to you within some time. So here PayPal is only used by you to buy Gift-Cards/Vouchers which i feel they have no problems with. I don't think it matters to them that those Vouchers will be used to get digital currencies. They say not to use their service for buying/selling digital currencies, ok we are not. We are just issuing some Gift-Cards/e-Cards/Vouchers. Also we are doing this business under "digital goods and services" which does include virtual Gift-Cards. Wink

In this way i guess everyone is happy and we meet the regulations.

What do u think?

tfbpa

newbie

Activity: 47

Merit: 0

I was very excited that you knew all the executive managers and board of directors at Paypal when I read that it will be integrated, as Paypal is extremely notorious for almost not allowing anything to be bough/sold and since you stated that it would be integrated I actually thought that perhaps you were one of the directors.

Only this seems not to be the case. From what I understand you did not even contact the legal department of Paypal yet, is that correct? The very first thing you need to do is get in touch with the board of directors of Paypal, explain your business plan and get a written approval that you are allowed to buy/sell cryptocurrency, otherwise your account will be blocked by Paypal within a very short time.

As long as you don't have specific, written confirmation of the board of directors of Paypal, I really wouldn't waste any time trying to implement it, as it will be blocked almost immediately.

See https://en.bitcoin.it/wiki/Buying_Bitcoins_(the_newbie_version)#PayPal for more information about Paypal and Bitcoin, which you really should have researched before telling everybody that you will integrate it.

That said, I do like your coin and wish you all the best, but again, don't waste any time with Paypal until you have a written confirmation from the Board of Directors.

saffroncoin

hero member

Activity: 560

Merit: 500

Quote from: chickenfried12 on August 01, 2014, 07:04:52 AM

I think part of the problem is charge back issues. They did not understand Cryptos and blockchains. If they are integrating Bitcoin, they may have changed their stance. I was threatened last year by Paypal that I could have my account restricted if I continued to sell bitcoin.
I would focus on payment systems that are widely used in India. I think if you focus on becoming the leading Alt. currency in India you will gather lots of World Wide Attention.

Yea but many in India don't even know what Bitcoin is. So at this point we need to target the majority of our community. We can already say that we are the only main alt currency in India. In a few months time, we will look to seek the Govt. attention to make us the official crypto currency of India for alternative payments. Then setup ATMs. Once our Govt. gives a nod to cryptos, it would be great.

chickenfried12

legendary

Activity: 1120

Merit: 1003

I think part of the problem is charge back issues. They did not understand Cryptos and blockchains. If they are integrating Bitcoin, they may have changed their stance. I was threatened last year by Paypal that I could have my account restricted if I continued to sell bitcoin.
I would focus on payment systems that are widely used in India. I think if you focus on becoming the leading Alt. currency in India you will gather lots of World Wide Attention.

Topic: [ANN] [SFR] SaffronCoin | Latest Version - 1.4.2/2.6.2 | Mandatory Wallet Update - page 116. (Read 437833 times)