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Comments (5)

flix1 avatar flix1 commented on June 18, 2024

Before we can bootstrap USD liquidity we need to review payment methods and research which USD payment methods can combine security, fraud prevention requirements (no chargebacks) with speed and with a large user base.

from growth.

flix1 avatar flix1 commented on June 18, 2024

Localbitcoins has the following payment methods for USD:
-Cash by Mail
-OKPay ----> Bisq
-Perfect Money ---->Bisq
-Payeer
-Transfers with specific bank ---->Bisq
-Paxum
-International Wire (SWIFT)
-WebMoney
-Cash Deposit ---->Bisq
-Western Union ---->Bisq
-Neteller
-Other online payment: Revolut
-National bank transfer: United States ---->Bisq
-Payoneer

from growth.

flix1 avatar flix1 commented on June 18, 2024

Market making milestones:

Phase 1: Minimal order book (1 offer on each side, spread < 10%, total offered > 0.1 BTC)
Phase 2: Retail order book (10 offers on each side, spread < 3%, total offered > 5 BTC)
Phase 3: Trading order book (20 offers on each side, spread < 1%, total offered > 10 BTC)
Phase 4: Wholesale order book (50 offers per side, spread < 0.5%, total offered > 50 BTC)
Phase 5: Institutional order book (100 offers per side, spread < 0.25%, total offered > 100 BTC)

from growth.

flix1 avatar flix1 commented on June 18, 2024

Step 1 - we need to find a volunteer with a US bank account to experiment with National bank transfer: United States on the USD/BTC order book and discover if this could be used to replicate the success with SEPA for EUR/BTC.

from growth.

ripcurlx avatar ripcurlx commented on June 18, 2024

Was superseded by #36.

from growth.

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