You can find Kris daily on their slack channel where he answers any questions you may have. I thought I’d post some of the answers he had last night to questions as I’m sure others would be interested. I’ll type them out and post links to screenshots as proof (of the answers). Pardon my screenshot skills. I’m missing some of the questions but the answers provide enough context.
https://imgur.com/a/wx7ugQ: Considering things can take time and you’ve got no items outstanding, are you still confident in the time scale of being a VISA program manager in September?
A: We are confident enough to put it in our app 2 days ago.
—————
A: We don’t have any items outstanding for now, we are rarely a bottleneck in the process, our turnaround times are usually much better than a large co. benefit of being a small, fast, focused startup
—————
Q: Can you tell us anything about the challenges faced in sorting out a direct deal with Visa? Does it require additional regulation or licenses? If so, have you filed for those and how long do they typically take to get confirmed?
A: If you know what you are doing the only challenge is that large corporates take time to get things done
—————
A: we put a lot of emphasis on level playing field for all investors, I think the real problem is that we don’t have enough people on BCT and Reddit - will address that; I also think that the market will only calm down when price jumps after Visa approval is announced; no other announcements would make an impact, people just look at the price today and ignore the long term goals, progress we’ve made and the overall potential - and we understand that, nobody enjoys being in the red
—————
Q: The only wrong thing was showing that cards, and all that news, with the VISA brand.
A: We stepped in immediately when the images were leaked and said the program is not approved yet; objective was not to let the price go up based on this unconfirmed news; having said that, policing the whole internet for fake images and debunking speculators who are incentivised and creative is hard.
—————
Hope this provides some insight and an update for some people.
Source: Reddit
Excellent update.. Thanks.
