Credit card purchases integrated within Waves client by wavesplatform

bitcoin · @wavesplatform · Mar 27 '17 (edited)

$0.93

Credit card purchases integrated within Waves client

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<p><em>It &nbsp;is now possible to buy WAVES and bitcoin with a credit card, depositing &nbsp;BTC directly into the Waves client as a native blockchain token.</em></p>
<p>Waves &nbsp;has implemented credit card purchases for WAVES and bitcoin within its &nbsp;lite client via a partnership with Indacoin. The bitcoins purchased will &nbsp;be delivered directly to the user’s wallet as a WBTC token via the &nbsp;Waves bitcoin gateway, or instantly converted to WAVES if preferred. The &nbsp;service is best suited for buying small amounts of BTC and WAVES, in &nbsp;order to use the platform’s token creation and distribution facilities.</p>
<h4><strong>Gateway deposit</strong></h4>
<p>Users &nbsp;can already deposit bitcoins to their Waves wallet using the bitcoin &nbsp;gateway. The gateway processes bitcoin transfers and exchanges them for &nbsp;the native Waves bitcoin token, WBTC. The token is backed 1:1 with &nbsp;bitcoins that are stored in a multi-sig account, managed by a cluster of &nbsp;secure servers. New fiat gateways will be added in due course, starting &nbsp;with a Euro gateway.An &nbsp;additional option has been added to the BITCOIN and WAVES Deposits tab &nbsp;in the client. A pop-up dialogue allows users to buy cryptocurrency with &nbsp;a credit card. On confirming they want to continue, the user is &nbsp;redirected to Indacoin to complete the purchase. The bitcoins are then &nbsp;deposited to the user’s Waves account via the bitcoin gateway, as &nbsp;normal, or converted on-the-fly to WAVES. An exchange rate calculator &nbsp;within the client ensures that users know how much cryptocurrency they &nbsp;will receive at the point of transaction.</p>
<h4><strong>Indacoin</strong></h4>
<p>Credit &nbsp;card processing has been outsourced to Indacoin, an instant exchange &nbsp;platform that allows fast and easy purchase of bitcoins. Indacoin is &nbsp;well-established in the bitcoin space and has been offering credit card &nbsp;purchases since 2014. No registration is required.‘Whilst &nbsp;we’re lining up gateways that will enable users to move larger amounts &nbsp;of money into and out of the Waves system efficiently, credit card &nbsp;purchases allow anyone to buy bitcoin and WAVES quickly and easily,’ &nbsp;comments Sasha Ivanov, CEO of Waves platform.&nbsp;</p>
<p>‘So they can access token &nbsp;creation facilities on the platform — something that will be necessary &nbsp;as we target mainstream adoption and facilitate entry into the &nbsp;rapidly-growing blockchain crowdfunding sector.’Indacoin &nbsp;deals with the problem of chargebacks through an enhanced verification &nbsp;process. To ensure that the owner of the card really does want to &nbsp;purchase bitcoin, a call is placed to the buyer’s mobile and a &nbsp;four-digit code provided for confirmation on the site. A spending limit &nbsp;applies for first-time buyers, which is progressively raised for later &nbsp;transactions. Visa and Mastercard credit/debit cards can be used.In due course, it will be possible to trade WBTC and WAVES against other tokens on the platform’s decentralised exchange (DEX).</p>
<p>For more information, visit <a href="http://www.wavesplatform.com./">www.WavesPlatform.com</a></p>
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