good luck guys. nice video and nice work.
@knight22
yep, thats a cool service. lets see how this will play out.
Topic: Neo & Bee world first bitcoin bank about to launch in Cyprus tomorrow. - page 2. (Read 3340 times)
February 23, 2014, 01:20:37 PM
February 23, 2014, 01:01:15 PM
I thought bitcoin was a payment framework in itself. Why would anyone entrust their coins to a bank?
Because they will use M of N private keys so they technically won't be able to touch your funds without your approval meaning the government and other banks won't be able neither.They will offer plenty of bitcoin denominated financial products. As per example they are optionally removing the volatility risk for their users i.e.you can have a fixed 100$ worth of bitcoin no matter if the price goes down or up. This is absolutely needed if you want to make bitcoin mainstream for normal Joe users and merchant. It is all written on their website that you obviously didn't check.
February 23, 2014, 12:49:47 PM
Good for Cyprus. Being able to buy stuff in local shops with coins this just makes me feel happy. Really hope Cyprus can forge ahead on this path. On a national level Cyprus might be taking the first steps for a very real proof of concept.
@Calhil dude surely you can see many are not confident in their own ability to protect their coins yet wish to be involved. This way we might actually see little old ladies popping out to buy some olives from the local grocer with bitcoins.
@Calhil dude surely you can see many are not confident in their own ability to protect their coins yet wish to be involved. This way we might actually see little old ladies popping out to buy some olives from the local grocer with bitcoins.
February 23, 2014, 12:49:35 PM
I thought bitcoin was a payment framework in itself. Why would anyone entrust their coins to a bank?
Because they will use M of N private keys so they technically won't be able to touch your funds without your approval meaning the government and other banks won't be able neither. February 23, 2014, 12:33:52 PM
I thought bitcoin was a payment framework in itself. Why would anyone entrust their coins to a bank?
Because they will use M of N private keys so they technically won't be able to touch your funds without your approval meaning the government and other banks won't be able neither. February 23, 2014, 12:30:11 PM
I thought bitcoin was a payment framework in itself. Why would anyone entrust their coins to a bank?
February 23, 2014, 12:29:23 PM
I was under the impression Cyprus had no money and the government or banks basically stole money from the people.
Do I need to read the newspaper more ?
Do I need to read the newspaper more ?
Quote
All insured deposits (individuals and legal entities) up to €100.000 have, as of 26 March 2013, been transferred from Laiki Bank to the Bank of Cyprus.
Not sure what your point is
February 23, 2014, 12:25:20 PM
I was under the impression Cyprus had no money and the government or banks basically stole money from the people.
Do I need to read the newspaper more ?
Do I need to read the newspaper more ?
February 23, 2014, 12:21:44 PM
http://www.neo-bee.com/en/
So basically they have:
1. A perfect audience where people distrust banks
2. Made a massive national publicity campaign
3. Have lobbied the government to get a proper legal framework.
4. Have partnered with several entities like a local food chain.
5. Offering 1000 first PoS terminal for free.
6. Offering awesome financial services.
7. Have an incredible upbeat promotional video
8. They have a great brand new building.
The stars are aligned to make bitcoin mainstream out there! I hope their launch will be a great success!
So basically they have:
1. A perfect audience where people distrust banks
2. Made a massive national publicity campaign
3. Have lobbied the government to get a proper legal framework.
4. Have partnered with several entities like a local food chain.
5. Offering 1000 first PoS terminal for free.
6. Offering awesome financial services.
7. Have an incredible upbeat promotional video
8. They have a great brand new building.
The stars are aligned to make bitcoin mainstream out there! I hope their launch will be a great success!
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