Topic: How do they accept fiat for ICO? (Read 708 times)

They will have to convert into crypto if they really want to make that canadian internet money.

I think it is used with certain types of credit cards
I can’t be sure
But most likely to be that

Just get your tokens with bitcoin or Etherum
Save the stress dude

Due to the composition of some Stable coins they can facilitate fiat acceptance in ICOs.

AAA reserve coin is an ERC20 compliant asset-backed cryptocurrency - collateralised by cash, gilts and AAA-rated credit investments. Proceeds from the issuance of AAA coins are placed into Arc Fiduciary Ltd - a ring-fenced Jersey-registered company - and invested into cash, gilts and fixed income; across multiple fiat currencies to support the value of AAA coins.
This composition is mainly for our aim of having real value stability but has other advantages.

AAA reserve Currency can add value by serving as a medium for ICOs, allowing fims to accept a wide range of fiat as well as cryptocurrencies without the need for bank accounts; this should increase their ICO sales and increase relative perception. 
This is because AAA Reserve is backed by a large range of fiat meaning that it can accept and be exchanged for a large range.
AAA can be used either via white label or directly through sending AAA and in doing so offer to conduct KYC/AML on their behalf to comply with regulatory requirements.

Furthermore, for ICO partners who want to preserve their proceeds as AAA and want to pay expenses such as rents or salaries in local currencies AAA can facilitate this. (For international ICOs)

More information available on our website at www.AAAreserve.com or email us [email protected]

We are ready to bridge the gap between fiat and cryptos and provide this service now.

Right. it's the thing I heard from a few ICO performing guys - that some amount of their investors can be compared to a blond ladies - they have no idea how it works. And they WANT some Internet ICO Money!

Although they aren't obligatory from Canada.

I agree, they should basically understand first how ICO works. Because mostly Bitcoin and Ethereum are the 2 main coins used around and are mostly used in ICO's too. The only thing you could do to buy ICO coins using fiat depends on the ICO, there are some that accepts fiat directly and some using the coins Bitcoin and Ethereum.

Many peoples are buy ETH and BTC this is not only a best coins. Litecoin and Zcash these also good coins in current market. No one is fully fiat in ICO lot of procedure is happens in the digital market. So tokens or coins is risky to invest in current scenario. But well knowledge peoples are invest easily in the cryptocurrency

If those people really wanted to buy some token or coins in the ICO using fiat , the first thing that they must know is that if they wanted to earn in cryptocurrency, they needed to convert it first in ETH or BTC. Because knowing those 2 may allow them to much undestand how coins flow. Because BTC and ETH is the best coins around. Now if they dont want to, how can they even understand how ICO works.

Fiat in general is a tricky things to accept if you're running an ICO, because it puts you into the regulatory framework. The thing about crypto's and the reason why ICO's are so popular is because they circumvent the regulatory part, because essentially it's not "real money", by accepting FIAT though, the projects are risking to be nagged by various regulators (especially the US) and run the risk of closing the entire business before it even started. In many cases, if ICO's are conducted through countries such as Switzerland, where the regulatory laws are more relaxed, you'll usually find an option to directly invest with FIAT during a presale or before the actual ICO, but it really depends on the country and juristictions. You usually need a third party that will act as an escrow and collect the funds for you.

And as usually - Canadians want 'more Internet money'!

https://www.youtube.com/watch?v=RcU2QH7-Jj0

Thanks JonSnowStark - unlike in a movie -  you seem to know everything. 

You're got it exactly right - being a noob isn't about the core investors - they just need to learn 1 or 2 things - and after that they know everything and remember. 
I know the cases how to do it properly for them - so that not really much should be learned and the gentlemen will be successful  with us I am sure. Just need to think it up real deal - so that everything would go fine for my investors.

I have not heard of any ico that accepts fiat. You have to convert your fiat money first by buying altcoins or bitcoin for that matter. There are lots of exchange sites, trusted ones like kraken or coinbase, that can help you with that. After you convert it then you are limitless in buying different altcoins. But make sure to let those old dudes know that there is no guarantee for their investments. Afterall, investments are but a risk. You might make some and lose some.

If those old dude seriously want to invest in ICO than they will learn first how to store tokens they will get from ICO. Without learning anything or without any research old guys will never trust anything. If they will learn how to store those tokens in ETH address or individual wallets than they will also come to know about coinbase like platform where they can buy bitcoin/ethereum with their visa cards which later can be used to purchase tokens during ICO.

Not all old people are noobs, many of those old guys are investing in bitcoin and ICO without any problem.

Yes, it's going to a be something as simple as possible - like buy BTC or ETH to invest into us.
Thanks!

as further the use with customs of ico offering gains of appreciation from the wider public of audience than the use of fiat money should be occupied as gives with the less on hassles as investors might pays with the direct transfers of payment from banking account.

If you want to invest in a ICO, you need to buy BTC or ETH first. Which you can get using popular sites like Coinbase. No one accepts fiat directly because of chargebacks etc

Thank you, I missed your post somehow. I will study the he iconimi project. I guess it is close to what we will do for sure.

crypto.tickets have started to advertise accepting credit cards for their ICO campaign.
I saw it in my @instagram feed as an advertising.

In my experience to see about the right way to accept fiat as a payment you can try to visit bitcoin suisse service and that provides you a service to make a fiat contribution gateway.
I remember the iconomi project has made its own way to the fiat payment or transfer through use the local bank as the way to receive the fiat contribution from the banking transfer.
You must try to see how the old projects work.

The only ICO I have ever seen that was looking into accepting bank transfers was Electroneum, but I believe it wasn't implemented due to security reasons (investments were made in BTC and ETH).

The best would be for them to purchase BTC, ETH through Coinbase, and then transfer it to an actual BTC or ETH wallet (as most ICOs also don't accept investments that come from an exchange ... if they invest from Coinbase they risk never getting their coins / tokens).
There is a Bitcoin wallet app (from Bitcoin.com) that gives you an actual BTC wallet and you can purchase directly with your credit card from Simplex. I have never tested it, but they would avoid the in-between wallets transfer.