Topic: [ANN][PSB] Pesobit, the currency for remittances and international cooperation - page 45. (Read 208468 times)

Maybe it's better if the e-wallet has been launched already so they can refer from other people's reviews about this cause now, I can't justify, if ever I say something about this, without the e-wallet itself. But I know it's now being worked and almost finished.

Very good point. I have been explaining cryptos to people here for a long time and it's hard to convince people especially when it involves money.

PSB is different from other cryptos, as it answers to a real need. When e-wallet.ph is ready, PSB will no longer be a speculative coin, and becomes a business tool.

Perhaps people find Western Union useful but expensive, maybe some people are angry to waste their money on fees and are looking for a new way. Some people will be happy to hear about us.

Not everybody will jump onboard, it's impossible; just we have to be really smart on how we will present it to them.

We can get people started with small amounts like 10$ and work from there. When they see our system, how easy and cheap it is, word of mouth will finish the job.


Nothing is more convincing than an excited family member explaining a cheaper and more exciting way to do something. Word of mouth is extremely powerful.

In my part I have relatives and friends abroad (I'm a Filipino) but I don't know what's the best and perfect ways to introduce this to them especially those who are not so aware of technology and has a ZERO idea about crypto-currency.

This is exactly where PSB gets really interesting...

PSB has agents and motivated people (who bought PSB from ICO or exchange) in many countries of the world.  We will bring PSB physically to many OFW's doorstep.

Check the map Click on geo-location; looks like Mexico too is getting ready for this remittance system, for many geo-political reasons (starts with a T).

For myself, I do not live in the Philippines, from my residence I plan on reaching 4 large American cities' OFW associations, including New York (5 associations in NY alone). If PSB price goes up substancially, I would like to work on PSB marketing full-time; if not, I can still contact the OFW associations on a part-time basis.

There are many more Filipinos on Facebook which we do not see here, we plan on leveraging word of mouth there. Also we expect the people from this thread to, at least, explain the PSB solution to their OFW family, wherever they are; there will be diverse motivational incentives for finders of new customers, and the new customers themselves.


At this early point in promoting PSB, we will not focus on socio-demographic aspects - the goal will be to reach as many people as possible.

25 billion US dollars yearly in remittances to the Philippines... exciting opportunity and helping real families!

Western Union charges 7-10% to transfer money to the Philippines; Moneygram 6% and Paypal charges 2.9% plus requires the users on both sides have a bank account; also Paypal may decide "on a whim" not to do business with anyone it chooses. These two flawed solutions are some of the ones used right now to send money back to the Philippines. Some even use shady "money courriers".

Bitcoin is technically more complicated, the network is slow and has been known to reject transactions (lost Bitcoin), transfer fees in Bitcoin are cheap but the actual commission to pay to buy BTC can be extremely high - Bitcoin is also a flawed solution for OFWs and their families.

For these reasons, with the Philippine remittances there is huge opportunity and unmet demand.


Enter Pesobit

OFW Filipinos and Filipinas tend to stick together; most big cities where OFW work has some sort of Philippine association, created to help the interests of its members.  This is where we will promote and educate about our product, as well as precise guidelines how to use Pesobit. If we do our job right, the association top members should be pretty enthusiastic about PSB - making remittances simpler, cheaper, and a system created by a real Filipino.

The process goes something like this:
1) How to convert local currency directly to Pesobit
2) Earn staking interest, to offset any sending cost incurred
3) Sending Pesobit to OFW's family account
4) In the Philippines, how to cash in directly to local Pesos, or, ideally spend Pesobit using mobile apps and QR code to buy goods and services.

To entice hesitant first time users we will give them Pesobit, and this will be presented with a marketing approach. Once people start using it, word of mouth will finish the job.

Lack of use. This is what hurts most of cryptocurrencies.

For Pesobit, remittance by OFW kept being mentioned. But how does the Pesobit team plan to implement and achieve attracting use of Pesobit for remittance by OFWs?

Wow!

Pesobit always forward in their projects!

Thanks for give us good news dev, keep your good work

Pesobit Weekly Update (March 9, 2017)
These past several days, I've been dealing with VMoney regarding features, fees and personalization of E-Wallet as well as acquiring all the necessary business papers which was completed just recently.
I'll be sending screenshots once the page is already in testing phase. I was not given a definite date yet of completion but should be in 1 to 2 weeks time. And developmental fees has been paid already so all we can do for now is to wait for the platform to be completed, have it tested then release it.
To the ewallet shareholders that I've been talking to, thank you for your trust for you guys helped in establishing E-Wallet Services.

Now that my side of E-Wallet development is finished except of course in talking to shareholders, I can now go back to continuing to work with the marketplace as well as the freelance site.

Do we have any informations about Novaexchange PSB wallet update? I have some amount of psb there but i can't do nothing with him.

dev is still here keep answering from every question better to keep watching this thread and follow what would be the next updates,
i still believing that this issue regarding to current value will be resolve and keep holding my coin to see another rise up.

I am also one of those who strongly believes in PSB.

I know man. You and your team are very dedicated in making our lives better. I really hope one of these days we can see each other in person and celebrate. Jolibee? Hmmm maybe gerry's grill, may beer dun.

Thanks, wish I do have that 10m with me though then I can just pay someone to take over everything and just live freely
Do the math though, 3rd party block explorer did tag the main wallet so everyone can see it. If I have that 10m coins then that would mean I own half of that online wallet. There are thousands of users of the online wallet and there are lots of guys here who collected their Pesobits to 6-digits that only the other half won't be enough for them.

It's not electronicash that is hurting PSB price, he is not that powerful. Real investors just ignore whatever he says as he is a spammer (wake up moderator zzzzzzzz!).

Here is what I think is hurting PSB:

1) Bitcoin price is rising, people want more bitcoin and less crypto - biggest reason
morality: just wait BTC price will come down soon, which is historically always good for alts like PSB.

2) C-Cex is the first exchange I know that actually stakes with all depositor's coins, all the time. And they keep the staked  coins for themselves, I presume they sell all PSB they stake with people's coin which causes some downward pressure.
morality: Do not leave PSB coins sitting at C-Cex, it creates selling pressure from selling their staked coins.

3) Lack of PSB use right now, and investors not believing in the huge impact of Pesobit remittance system. If PSB makes OFW save money, won't they use it instead of Western Union or Paypal and its high fees? Bitcoin is complicated for the worker who has never heard about it; we will bring PSB directly to OFW's doorsteps, litterally.
morality: e-wallet.ph is coming out soon and will create gradually a rising demand for PSB - just wait for e-wallet.ph !

4) herd investor mentality - few are buying so people are looking at leaders and not jumping in, and concluding they should go buy some expensive Bitcoin or Ether instead, following movement of the masses.
morality: Be the leader and form your own opinion. Case is we won't need investors soon because we will have customers needing PSB instead for their real daily transactions.   Pesobit will transit from a speculative coin to a business tool - this is why I am in for the long term

Just wait for the remittance system, and buy more PSB if you can.

I think that is his goal the whole time, to suppress the price. I think most pesobit holders know about the hack. To stay in this investment, do your own research and use your instincts. At the end of the day, make sure the decision you made is yours and yours only, and not because of the influence of other people. You can use their opinions to arrive to your own conclusion, but you have to take control of your emotions. If you buy/sell this coin, you can only blame yourself. Investing in crypto is risky as it is. But I am investing on the pesobit team and their vision. If 10m was hack or being used by the developer? I really don't care. I don't expect these guys to work for free, and if they are working for free, you can see how much developments, regulations they were able to get through, how much innovations they've already delivered. The guys who made pesobit, shared their vision with us. And I am onboard with them. Losers will most likely defend their point of view, once more and will say the same shit they've been sayin for the past 2-3 days.

Please stop it you hurting the price of PSB, with no concreate reason, repeat and repeat saying about the 10 million PSB. What i am thinking now you just pulling the price down of PSB then you will invest more. The people dont know the DEV and his team become nervous due to your malicious comment. Please if you are not happy with the PSB please leave us alone.