Closed pazza83 closed 3 years ago
btcpuertorico
commented
3 years ago Thank you @pazza83 ! In terms of the $500 limit, I forgot to add that you can have multiple accounts defined from different banks or credit unions and the limit is enforced on each. So the sender could exceed the $500 limit by using other accounts on the app and perform multiple transactions on the same day.
pazza83
commented
3 years ago Thanks that is useful to know. $500 USD is about 0.01 BTC at the moment and it would be useful for payment methods to make payments for larger amounts of BTC.
tonyox-ops
commented
3 years ago This idea made me make a github account just to give my opinion.
This would help so much with bitcoin in Puerto Rico. Used Ath movil in localbitcoins a few times in the past and no problems with it. Currently buying in Bitcoin Atm to skip KYC
I was talking with my friends about the possibility of Ath movil joining bisq and they love the idea.
pazza83
commented
3 years ago Hi @tonyox-ops thanks for creating an account. It is great to get feedback.
One of the issues above is the limits.
Do ATH Móvil account holders generally have multiple bank accounts linked?
A $500 USD limit is a little low for Bisq trades due to miner fees often eating into the trade amount.
What amount per trade do you think would be feasible for trades using ATH Móvil?
pazza83
commented
3 years ago ATH Móvil has been scored for inclusion to Bisq:
| Essential | Desirable | Definite No’s |
|---|---|---|
| Very low risk of chargeback | ||
| Way to verify the sender in the received payment and ability to enter a reference | ||
| Instant payment | ||
| Singular Fiat currency | ||
| Significant user base | ||
| High usability and great user experience | **< high amount usability~~ | |
| No KYC required for sending and receiving payments | ||
| Low risk of scam attempts | ||
| Traders can provide evidence of payment / receipt | ||
| No minimum limits | ||
| Maximum limit is less than 0.01 BTC | ||
| Likely to increase liquidity | ||
| Low risk of mediation | ||
| Low risk for traders from government agencies | ||
| No fees for transactions | ||
| No changes needed to trade protocol |
Score: 19/32 Percentage: 59.38%
pazza83
commented
3 years ago The above payment methods would be suitable if it were not for the low limits of around 0.01 BTC max transaction limit or under. I think this will likely cause issues in the months ahead and, therefore, these payment methods can be re-visited when the on chain miner fee problems have been reduced.
cachicamo-blue
commented
2 years ago tonyox-ops . tonyox-ops . You can use LNP2PBOT in Telegram to small buying of btc. I am using that option to adquire sats.
Reopening the proposal for Add ATH Móvil as a new payment method as discussed previously and rekindled by @btcpuertorico
ATH Móvil (Puerto Rico)
References:
ATH Móvil is a mobile payments application developed by Evertec Inc. It allowing users with bank accounts in Puerto Rico to send and receive money instantly to each other, for free.
Region / Currencies
ATH Móvil is currently only offered in Puerto Rico and only supports USD.
Account verification
Users with accounts at any of the listed banks can open an account.
Chargeback risk
Low.
It is not obvious on the terms but @btcpuertorico informs me it is extremely difficult, almost non existent and they they have not heard of any case of chargebacks.
Size of user base
1 million users (third of the population of Puerto Rico)
Prohibited Uses
Unknown
Data requirements
You only need the phone number of the other person.
Verification
Mobile app so screenshot / video will be needed.
You also receive confirmation email with name, phone number and amount transferred.
Duration
Immediate.
Fees
Free for individuals.
Limits
$500 per day.
This would make limits low at current prices <0.01 BTC not sure if this would be do-able on layer. Remains to be seen if miner fees will reduce back to levels to allow trading of less than 0.01 BTC being practical.
Fraud risk
Low.