Bitcoin One - hybrid cryptocurrency (525 000 block)

[Jason8918]

I would also add boundlessness to the benefits: BTC1 works on its own blockchain and is independent of any structures and external factors. For example: even if countries impose sanctions against each other, users will not suffer.

[Tyron78]

Does anyone know if it will be possible on B1.CASH to make money transfers, similar to Western Union? If yes, then what is the commission?

[Elev777]

It was said that 0.1% of the transferred amount. Well, pretty much democratic, I'd say))

[Tyron78]

And how can they be sent and received? B1.CASH will have their own offices or it will be offices of service partners?

[Elev777]

No, there will not be any offices. Why, if the service is interactive, and people can send and receive money without any offices by exchanging among themselves.

[FinWard8]

So it will be p2p transfers like in banks?

[Jason8918]

Well, not really: first you need to find an ATM or cash register in the bank, deposit money into the account and only then send it where you need. In B1.CASH, you only need to create a request and the executor will immediately respond to it. He will come to you and take the money, and then you will already track inside the system when the transfer is received by your addressee.

[FinWard8]

Listen, well, it's possible within the same district, the region. But what if I am transferring money to another city, part of the country or in general, to another part of the world?

[Elev777]

Then the interaction isn't only between you and the agent but also the second agent to whom the transfer is passed on for delivery to the addressee in another country. And then again, all stages of your request execution you control from A to Z.

[tamagochi777]

Will not it be that during the transfer process money will disappear?

[Elev777]

No, firstly, from the person who responds to your request automatically is charged the amount of the transfer and refundable security (acts as a guarantee of the transfer execution). And the transfer comes to the account in a blocked form and can be unlocked only if there is an activation code.

[tamagochi777]

And how many such users already exist in each city and country?

[Jason8918]

The system hasn't yet started its work, now the final tests are being conducted, but from the middle of July everything will work and people will get a very convenient service.

[FinWard8]

In what currency are transfers made? I mean, between agents...

[Jason8918]

There are two options: either in the cryptocurrency or in electronic money. I think it will be convenient to do just in the cryptocurrency. Especially in bitcoin one. They promise that during the transfers there will be no commissions.