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Topic: What products do you want to see in Vault - the new alt-money depository? :) (Read 1067 times)

donator
Activity: 1722
Merit: 1036
Update: I had a Skype call with the General Manager of Vault. He was interested to hear that the most wanted product is actually Litecoin Smiley

It is hard for us to realize the new reality; we thought that the various PM products would be the most wanted!
legendary
Activity: 2618
Merit: 1007
Especially with all the talk about fungibility - do you guarantee that the exact same item that was deposited will be returned, or do I just get back any random BTC for example.

No. We keep as many categories as needed to differentiate between non-fungible items and commingle the fungibles, such as BTC.

I don't think it matters for you, since U.S., Canadian and Japanese nationals and residents are not allowed to participate (IV.3.3). The list will probably grow larger in the intermediate future.
I am an EU citizen... Wink

Anyways, thanks for clarification.
legendary
Activity: 1020
Merit: 1000
donator
Activity: 1722
Merit: 1036
Especially with all the talk about fungibility - do you guarantee that the exact same item that was deposited will be returned, or do I just get back any random BTC for example.

No. We keep as many categories as needed to differentiate between non-fungible items and commingle the fungibles, such as BTC.

I don't think it matters for you, since U.S., Canadian and Japanese nationals and residents are not allowed to participate (IV.3.3). The list will probably grow larger in the intermediate future.
legendary
Activity: 2618
Merit: 1007
Especially with all the talk about fungibility - do you guarantee that the exact same item that was deposited will be returned, or do I just get back any random BTC for example.
newbie
Activity: 42
Merit: 0
[>!<] -> /\TRC..../\FRK + Some other coins
donator
Activity: 1722
Merit: 1036
Wow - nobody want to ask "what is this"? I though there was no votes 'cause no posts.
donator
Activity: 1722
Merit: 1036
You can use this service either as a "shop" for one-time conversion "BUY silver WITH bitcoins", and immediately repatriate the silver.

But the real fun begins when you actively use the storage capability, since this is one of very few merchants that actually has an own bank vault (10+ sqm, it used to be a bank) and warehouses everything 100% physically.

We have been in operation since 7/2010, same month as Mt.Gox.
donator
Activity: 1722
Merit: 1036
Please read the introduction before voting:

We have had Silvervault for long, and now consider to drop the prefix, and increase the number of products offered. This would be effective early 2014.

Vault is depository and trading system for a range of non-fiat currencies and moneys. Customers can fund their accounts with gold, silver, precious stones, and cryptocoins. They can make withdrawals similarly. While deposited, the property will be physically, securely maintained in our very own, full-security bank vault in Tallinn, Estonia. We offer real-time rates for conversion between all assets.

We already have implemented the following items:
- euro (although we do not offer euro storage; end-of-day euro balance will be autowithdrawn to customer's bank account)
- 90% U.S. circulated coins ("AGD")
- bitcoins.

What other types of bullion/coins would you like to see?

 Smiley Please ask a question, I am here for you!  Smiley
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