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Topic: Bitcoin debit card - page 156. (Read 293872 times)

hero member
Activity: 938
Merit: 500
January 07, 2015, 07:27:33 PM
#25
Thats funny, you have the same profile as me Smiley
(your link is incorrect and points to the edit page of whoever clicks it)

As for escrow, I was thinking something simple; I (or someone else) puts a smallish amount of btc in escrow to be released to you only after the card arrived, is funded and used for said amount.  So you'd have to prefinance it, but I see no other way for you to begin establishing some credibility.

Note that this wouldnt prove a whole lot, just that you can deliver and fund working prepaid visa cards, but then I could probably do that too. It doesnt guarantee you wont run off one day, but at least it would be a first step.






the linkedin link is corrected now, sorry about that..
Let's discuss your escrow idea via e-mail?

On that note though, who can guarantee the won't run off with your coins one day? Until the industry becomes regulated, it will be based on trust, as the bitcoin protocol itself. But even regulated companies closely observed by FSA and other watchdogs do that every now and then, don't they?..

Try ordering the card, try playing with a small amount - guess that should be the way forward. Same as suggested to @s1lverbox, happy to meet at the Bitcoin Expo in London - will you be there?
hero member
Activity: 938
Merit: 500
January 07, 2015, 07:20:52 PM
#24
Take a look here

http://companycheck.co.uk/company/09228951/E-COIN-TRADING-LIMITED

However, I suggest to sign up and order our debit card for just $1, not that huge loss anyway  Wink.

www.e-coin.io/requestInvite


22/09/2014- incorporated in this date.

So took them only 3 months to tied up themselfs with visa, crypto exchange, and now advertising this here?

not quite sure why you are so negative about our service. I look after technical side of the project  and can address your concerns.

re Visa: we don't deal with Visa directly, we work with card issuer bank (the name of the bank was given in previous posts) and card issuer deals with Visa
re your previous FCA regulations question: as you probably know bitcoins are not regulated in UK (we are uk company) and we don't hold any client's accounts, so we don have to be FCA regulated
re 3 moths and crypto exchange: whats wrong with that? for professional developer it should NOT take that long to integrate rest API in working infrastructure

our team has a lot of experience developing FX trading platforms in investment banks  (Barclays Capital, Morgan Stanley and BNP Praibas), 2 of our members are MBA Cass graduates so they know to do business

please let us know if you have any concerns or questions

What a nonsense you trying to sell?

I did asked clearly what exchange after you load coins to card will exchange that to fiat and load to card issued by you?

BTC to card>>>BTC landing in exchange>>>Exchange selling for fiat>>>>>Exchange loading Fiat to bank(card issuer)>>>card can be used!!!

How its even possible that any UK bank did give you thumbs up for dealing with crypto?

Your team?
Your website showing nothing more than just nice graphics and photoshoped card.
You have no details filled in companys house, no history and no info about YOUR TEAM.
As a financial institution you have to be regulated by FSA. dosnt matter if you have UK customers account or not.

None of this nonsense add up. Post your team diploma, make a quick snap of your office, post landline phone number. do anything to validate your business. because for now 2 newbies trying pull fast one.

3 month period was given to show you that you joker as hell.
Even your domain expires soon. why hiding who is  data?


Not keeping up with your new questions coming... Will deal with them FIFO..

Many websites are showing less than that these days. Especially the newly launched ones. We have concentrated on pulling the technical side of things and making the partnerships with card issuer, bitcoin exchange, banks, etc. You can see the linkedin profiles in this post, if that helps.

The process chain you have drawn is not entirely correct, and I'm afraid, we cannot disclose such information in full detail, as it is commercially sensitive and is the essence of the business model. Can only repeat that we have an account with the VISA card issuer, and clearly, no such partnership would be possible if there was something wrong with the company.

No details filed with the Company House simply because there are no accounts we are obliged to fill as yet. This is a startup, and luckily UK laws don't make it a nightmare for new companies to get going.

Bitcoin regulation is most probably coming in one form or another, as you know, but at the moment, there isn't any. So, we are not regulated by FSA as yet. However, like most other companies in the similar field, we are anticipating such regulations and make sure we comply with all KYC and AML requirements, sanctions lists, etc.

As a fintech startup, we do not run a physical office yet - there is no need. Will be happy to invite you once we have grown the next stage when it does become a necessity. Landline phone numbers will be history soon.

3 months may sound like a joke, agree with you, but that's the reality of today - it is hard to survive being slow. It's been more than 3 months since the inception of the idea, by the way.

Once again, I do understand your concerns, and the fact that it will take time to prove our worth here coming from a new post made yesterday to acceptance and respect by the community.

Would you be available to meet at Bitcoin Expo on January 24-25?

And you are most welcome to try the beta - the card is only $1, not much to lose to prove us wrong or right
legendary
Activity: 2324
Merit: 1039
January 07, 2015, 07:11:52 PM
#23


BTC <-> VISA is not a new idea, it's just something that not even the well known BTC companies have been able to do yet, so you need to provide a LOT of details and why YOU are able to do this when others cannot.

^^Wise words your GRACE....^^
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
January 07, 2015, 07:04:50 PM
#22
Well actually I think there is something way more simple to consider here.

If you 'could' supply VISA cards payable with BTC you would make a fortune doing so on even a small margin.
That is quite simply obvious.
It would give the general BTC community a way to be able to pay for anything with BTC.

So I put this forward for this very reason.

Seriously, you need to provide a few pages of very high level details about your company and the people involved.
Your connection with VISA, your company history, your proof that the company won't be disappearing and details about where ALL the funds go and how the VISA cards are funded.

Not hidden web domains and anonymous google email servers.

If you cannot post those details here in the next 24 hours then it would be quite expected for anyone here to assume it is a scam and no one should be risking their BTC on it.

BTC <-> VISA is not a new idea, it's just something that not even the well known BTC companies have been able to do yet, so you need to provide a LOT of details and why YOU are able to do this when others cannot.
legendary
Activity: 980
Merit: 1040
January 07, 2015, 06:41:53 PM
#21
Thats funny, you have the same profile as me Smiley
(your link is incorrect and points to the edit page of whoever clicks it)

As for escrow, I was thinking something simple; I (or someone else) puts a smallish amount of btc in escrow to be released to you only after the card arrived, is funded and used for said amount.  So you'd have to prefinance it, but I see no other way for you to begin establishing some credibility.

Note that this wouldnt prove a whole lot, just that you can deliver and fund working prepaid visa cards, but then I could probably do that too. It doesnt guarantee you wont run off one day, but at least it would be a first step.



hero member
Activity: 938
Merit: 500
January 07, 2015, 06:32:53 PM
#20
Id like this to be legit, and to be fair, the business model makes sense and the two directors have some credible looking linkedin profiles:
https://www.linkedin.com/pub/dmitry-lazarichev/27/483/6ba
https://www.linkedin.com/profile/view?id=71008233&authType=name&authToken=wl07

edit: neither of which list e-coin.io I just noticed..
Thats not enough for me to trust it, but Im watching.

@OP, would you consider using escrow? Not that it would prevent you from running away later, but at least we could see you can deliver and fund the cards and we can test this without any risk.


thank you for some support, it really helps - this forum is proving to be a tough place.
Here is my linkedin profile, hope you find it credible, too:
uk.linkedin.com/in/georgysokolov

E-coin is not listed in the profiles yet for the simple reason that we would first have to prove ourselves in places like this.

Will be glad to talk to you about escrow and other ways we could co-operate in, or simply just to earn some credibility from a trusted member of the community
legendary
Activity: 980
Merit: 1040
January 07, 2015, 05:54:04 PM
#19
Id like this to be legit, and to be fair, the business model makes sense and the two directors have some credible looking linkedin profiles:
https://www.linkedin.com/pub/dmitry-lazarichev/27/483/6ba
https://www.linkedin.com/profile/view?id=71008233&authType=name&authToken=wl07

edit: neither of which list e-coin.io I just noticed..
Thats not enough for me to trust it, but Im watching.

@OP, would you consider using escrow? Not that it would prevent you from running away later, but at least we could see you can deliver and fund the cards and we can test this without any risk.
legendary
Activity: 2324
Merit: 1039
January 07, 2015, 05:46:49 PM
#18
Take a look here

http://companycheck.co.uk/company/09228951/E-COIN-TRADING-LIMITED

However, I suggest to sign up and order our debit card for just $1, not that huge loss anyway  Wink.

www.e-coin.io/requestInvite


22/09/2014- incorporated in this date.

So took them only 3 months to tied up themselfs with visa, crypto exchange, and now advertising this here?

not quite sure why you are so negative about our service. I look after technical side of the project  and can address your concerns.

re Visa: we don't deal with Visa directly, we work with card issuer bank (the name of the bank was given in previous posts) and card issuer deals with Visa
re your previous FCA regulations question: as you probably know bitcoins are not regulated in UK (we are uk company) and we don't hold any client's accounts, so we don have to be FCA regulated
re 3 moths and crypto exchange: whats wrong with that? for professional developer it should NOT take that long to integrate rest API in working infrastructure

our team has a lot of experience developing FX trading platforms in investment banks  (Barclays Capital, Morgan Stanley and BNP Praibas), 2 of our members are MBA Cass graduates so they know to do business

please let us know if you have any concerns or questions

What a nonsense you trying to sell?

I did asked clearly what exchange after you load coins to card will exchange that to fiat and load to card issued by you?

BTC to card>>>BTC landing in exchange>>>Exchange selling for fiat>>>>>Exchange loading Fiat to bank(card issuer)>>>card can be used!!!

How its even possible that any UK bank did give you thumbs up for dealing with crypto?

Your team?
Your website showing nothing more than just nice graphics and photoshoped card.
You have no details filled in companys house, no history and no info about YOUR TEAM.
As a financial institution you have to be regulated by FSA. dosnt matter if you have UK customers account or not.

None of this nonsense add up. Post your team diploma, make a quick snap of your office, post landline phone number. do anything to validate your business. because for now 2 newbies trying pull fast one.

3 month period was given to show you that you joker as hell.
Even your domain expires soon. why hiding who is  data?
full member
Activity: 184
Merit: 100
January 07, 2015, 05:35:17 PM
#17
Take a look here

http://companycheck.co.uk/company/09228951/E-COIN-TRADING-LIMITED

However, I suggest to sign up and order our debit card for just $1, not that huge loss anyway  Wink.

www.e-coin.io/requestInvite


22/09/2014- incorporated in this date.

So took them only 3 months to tied up themselfs with visa, crypto exchange, and now advertising this here?

not quite sure why you are so negative about our service. I look after technical side of the project  and can address your concerns.

re Visa: we don't deal with Visa directly, we work with card issuer bank (the name of the bank was given in previous posts) and card issuer deals with Visa
re your previous FCA regulations question: as you probably know bitcoins are not regulated in UK (we are uk company) and we don't hold any client's accounts, so we don have to be FCA regulated
re 3 moths and crypto exchange: whats wrong with that? for professional developer it should NOT take that long to integrate rest API in working infrastructure

our team has a lot of experience developing FX trading platforms in investment banks  (Barclays Capital, Morgan Stanley and BNP Praibas), 2 of our members are MBA Cass graduates so they know how to to do business

please let us know if you have any concerns or questions
legendary
Activity: 2324
Merit: 1039
January 07, 2015, 05:25:40 PM
#16
...
Full details can be found here: https://www.e-coin.io/legal
...
There are no details anywhere.
Details you should have are the company name and full registration details.
The fully verifiable names of the company owners and the historical contact address details of the company.

To have such a card you must be dealing with VISA and VISA will not allow some random anonymous internet scammer to deal with them.
They will require such details also.

You expect people to give you BTC with a zero trust rating, no posts on this forum and all details about your company and web site hidden.

Seriously - you think anyone WOULDN'T think it's a scam?


Totally see your point, mate. I wouldn't trust my money to someone I don't know.
Hence, this post and this whole discussion.

You can see the company details here:
http://wck2.companieshouse.gov.uk
Company No. 09228951

Or here:
https://www.duedil.com/company/09228951/e-coin-trading-limited

Or here:
http://companycheck.co.uk/company/09228951/E-COIN-TRADING-LIMITED

Will be happy to PM more details to you and would appreciate if you could check them and post in this forum once all your questions have been answered.

To have such a card we can be dealing with Visa directly or with an official Visa card issuer. The latter is the case for us. You are absolutely right in that neither would deal with a random internet scammer, so the actual fact that the card is being issued and shipped is proof of the opposite.

May I suggest that you give it a try? It is only $1 during beta stage, and not free only for the reason that people don't treat free stuff seriously.
Also, would be happy to meet you at http://bitcoinexpo2015.com/ later this month.

Hope I've addressed your concerns best as I could



Why you have not specified type of business?

Why as financial institution you havent got any regulators numbers?
What exchange allow you to load fiat in exchange for coins?
Why you want to provide more info by PM?
hero member
Activity: 938
Merit: 500
January 07, 2015, 05:20:24 PM
#15
...
Full details can be found here: https://www.e-coin.io/legal
...
There are no details anywhere.
Details you should have are the company name and full registration details.
The fully verifiable names of the company owners and the historical contact address details of the company.

To have such a card you must be dealing with VISA and VISA will not allow some random anonymous internet scammer to deal with them.
They will require such details also.

You expect people to give you BTC with a zero trust rating, no posts on this forum and all details about your company and web site hidden.

Seriously - you think anyone WOULDN'T think it's a scam?


Totally see your point, mate. I wouldn't trust my money to someone I don't know.
Hence, this post and this whole discussion.

You can see the company details here:
http://wck2.companieshouse.gov.uk
Company No. 09228951

Or here:
https://www.duedil.com/company/09228951/e-coin-trading-limited

Or here:
http://companycheck.co.uk/company/09228951/E-COIN-TRADING-LIMITED

Will be happy to PM more details to you and would appreciate if you could check them and post in this forum once all your questions have been answered.

To have such a card we can be dealing with Visa directly or with an official Visa card issuer. The latter is the case for us. You are absolutely right in that neither would deal with a random internet scammer, so the actual fact that the card is being issued and shipped is proof of the opposite.

May I suggest that you give it a try? It is only $1 during beta stage, and not free only for the reason that people don't treat free stuff seriously.
Also, would be happy to meet you at http://bitcoinexpo2015.com/ later this month.

Hope I've addressed your concerns best as I could
legendary
Activity: 2324
Merit: 1039
January 07, 2015, 05:15:33 PM
#14
Take a look here

http://companycheck.co.uk/company/09228951/E-COIN-TRADING-LIMITED

However, I suggest to sign up and order our debit card for just $1, not that huge loss anyway  Wink.

www.e-coin.io/requestInvite


22/09/2014- incorporated in this date.

So took them only 3 months to tied up themselfs with visa, crypto exchange, and now advertising this here?
member
Activity: 63
Merit: 11
January 07, 2015, 05:12:06 PM
#13
Take a look here

http://companycheck.co.uk/company/09228951/E-COIN-TRADING-LIMITED

However, I suggest to sign up and order our debit card for just $1, not that huge loss anyway  Wink.

www.e-coin.io/requestInvite
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
January 07, 2015, 04:52:18 PM
#12
...
Full details can be found here: https://www.e-coin.io/legal
...
There are no details anywhere.
Details you should have are the company name and full registration details.
The fully verifiable names of the company owners and the historical contact address details of the company.

To have such a card you must be dealing with VISA and VISA will not allow some random anonymous internet scammer to deal with them.
They will require such details also.

You expect people to give you BTC with a zero trust rating, no posts on this forum and all details about your company and web site hidden.

Seriously - you think anyone WOULDN'T think it's a scam?
legendary
Activity: 2324
Merit: 1039
January 07, 2015, 04:50:39 PM
#11
OK, tell me who actually giving credit to those cards? What bank or institution is that?

Who is operator and can use Visa logo?  

Where are you based?



It's a debit card, not credit.
Gibraltar bank. If you want full details, can send via email.
Of course, the Visa logo is there because it is a proper Visa card - no difference from a usual one.
E-Coin Trading Limited, based in London, UK

Where in london u based? Please provide full details. That's shouldn't be a problem as you should be transparent.

Full details please post here openly.

Visa debit should be marked with debit dont you think?

Did i missed something?:

Card can be loaded with coins and used worldwide. So obviously someone exchanging coins for credit.

If this is UK based business why u exchanging for USD?

Why your domain expires in next 10 months (2015-10-21)?



Full details can be found here: https://www.e-coin.io/legal

The card is clearly marked as Visa debit (see above), not sure I got you question..

Exchange of bitcoin into fiat is done via an official online exchange

Based in the UK does not mean focused entirely on the UK. At this (beta) stage only USD nominated card is available, GBP and EUR are work in progress

Domain - well spotted, I didn't even know, also work in progress, will point that out to the relevant person to sort out


If you are registered in UK and wales, please provide me with company registration number.
As financial institution you are regulated in uk by FSA, please provide registry number for that as well.

What exchange make possible to load coins and receive fiat on visa card.

Your visa sign is not properly market as debit card.


Your website have no info what so ever.
Address found on weboste showing:

a. Flat
b. Virtual office

Explain why you hiding and dont wont post all details on forum.
hero member
Activity: 938
Merit: 500
January 07, 2015, 04:42:21 PM
#10
OK, tell me who actually giving credit to those cards? What bank or institution is that?

Who is operator and can use Visa logo?  

Where are you based?



It's a debit card, not credit.
Gibraltar bank. If you want full details, can send via email.
Of course, the Visa logo is there because it is a proper Visa card - no difference from a usual one.
E-Coin Trading Limited, based in London, UK

Where in london u based? Please provide full details. That's shouldn't be a problem as you should be transparent.

Full details please post here openly.

Visa debit should be marked with debit dont you think?

Did i missed something?:

Card can be loaded with coins and used worldwide. So obviously someone exchanging coins for credit.

If this is UK based business why u exchanging for USD?

Why your domain expires in next 10 months (2015-10-21)?



Full details can be found here: https://www.e-coin.io/legal

The card is clearly marked as Visa debit (see above), not sure I got you question..

Exchange of bitcoin into fiat is done via an official online exchange

Based in the UK does not mean focused entirely on the UK. At this (beta) stage only USD nominated card is available, GBP and EUR are work in progress

Domain - well spotted, I didn't even know, also work in progress, will point that out to the relevant person to sort out
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
January 07, 2015, 04:39:07 PM
#9
Hmm, a private GoDaddy domain registration (whois data hidden) from 21-Oct-2014 and email etc handled anonymously at google.
I very much doubt such a company would be legit and able to deal with VISA ...

Anyone feel like doing a "hardware vendor" quality check on them to see if they are legit?
legendary
Activity: 2324
Merit: 1039
January 07, 2015, 04:01:34 PM
#8
OK, tell me who actually giving credit to those cards? What bank or institution is that?

Who is operator and can use Visa logo?  

Where are you based?



It's a debit card, not credit.
Gibraltar bank. If you want full details, can send via email.
Of course, the Visa logo is there because it is a proper Visa card - no difference from a usual one.
E-Coin Trading Limited, based in London, UK

Where in london u based? Please provide full details. That's shouldn't be a problem as you should be transparent.

Full details please post here openly.

Visa debit should be marked with debit dont you think?

Did i missed something?:

Card can be loaded with coins and used worldwide. So obviously someone exchanging coins for credit.

If this is UK based business why u exchanging for USD?

Why your domain expires in next 10 months (2015-10-21)?
hero member
Activity: 938
Merit: 500
January 07, 2015, 03:30:41 PM
#7
OK, tell me who actually giving credit to those cards? What bank or institution is that?

Who is operator and can use Visa logo?  

Where are you based?



It's a debit card, not credit.
Gibraltar bank. If you want full details, can send via email.
Of course, the Visa logo is there because it is a proper Visa card - no difference from a usual one.
E-Coin Trading Limited, based in London, UK
legendary
Activity: 2324
Merit: 1039
January 07, 2015, 03:17:22 PM
#6
OK, tell me who actually giving credit to those cards? What bank or institution is that?

Who is operator and can use Visa logo?  

Where are you based?
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