UbiquiCard

[0x4007]

Ubiquity Card

Low priority, but I'm very curious about how easy it is to launch a card (Visa claims its pretty easy.) I would be really keen to use it myself, so I'm sure over time after adding enough features I would personally want, we could probably commercialize it. In the near-to-mid-term, we could simply gate access for UbiquiStick holders.

https://partner.visa.com/site/programs/fintech-program.html

Still need to apply (waiting on some paperwork from incorporation document holding company)

Features of Interest

Ubiquity Credit (uCR) Cashback Rewards Program

1. Rewards program to incentivize usage
2. We should be earning like 1-2% on purchases directly afaik,
   1. Meaning we can take this money to back the dollar (meaning uCR should become more liquid)
3. We could model it off of Starbucks' wildly successful rewards program and even simulate "expiring stars" with uCR-NFT

Automatic loans via Liquity/MakerDAO

1. Covers small and short term liquidity crunches for when you're out and don't want to rehypothecate funds on chain to buy something
2. You stake $1000 in some liquid Ubiquity asset (uAD, UBQ)
   1. Curious to know if we should put it in a vault to make yield, or if staking uAD is good enough.
3. You deposit $1000 into your Ubiquity checking account (uAD, and maybe USDC/DAI/USDT)
4. Our protocol automatically opens up a Trove/CDP for you using Ubiquity owned ETH (or maybe have a global Trove/CDP, but seems riskier)
5. You spend $1000 on your UbiquiCard and your checking account balance is $0.
6. You need to spend another $500 on your UbiquiCard, and your position is backed by the Trove/CDP ($500 of DAI/LUSD is minted and covers your debt automatically)
   1. In theory, we could also instantly mint uCR and dump it to cover the user's debt; and liquidate the user's stake on our own terms instead of when the Trove/CDP demands a liquidation. But it feels like a bad idea to directly mess with stabilization mechanics (minting/burning)
7. You receive a warning and maybe a small "overdraft fee" which covers the gas costs for minting the LUSD
   1. Need to think more about what happens if ETH goes down and these Troves/CDPs get liquidated.
   2. We might be able to back a hedge, where we spot hold ETH in the Trove/CDP on behalf of the customer, and open a short position on DYDX to cover market moves. But this will increase borrowing costs...
      1. funding rate - in the last week I've seen spikes up to 18% APR funding rate, so with a 10% extra liquidation buffer that should cover short term loans.
   3. An obvious adjustment would be that we add another 10% buffer for liquidations (instead of 90% from Liquity, going through us we allow 80% utilization)

Privacy.com-style Virtual Card Generation

1. To control finances better (might also be able to just use Privacy.com)

MetaVault Savings Account

1. Cycle between our whitelisted, and highest APR vaults to get a savings account that nets 10-20% APR on stables

[sergfeldman]

I think it is too late to think about our own crypto card.

Better to create infrastructure for other crypto cards, enhancing user experience in the metaverse

• Cashback and loyalty programs (like in extended vision on Lootbox)

• Yield aggregation programs (game vaults like in PLAY)

• Metaverse E-commerce programs (liquidity flows, and others)

Mastercard is actively cooperating with crypto as well
https://www.mastercard.com/global/en/business/issuers/crypto/card-program.html

Mastercard crypto accelerator
https://developer.mastercard.com/programs/start-path-crypto/

Visa launches a card with FTX
https://cointelegraph.com/news/ftx-and-visa-partner-to-permit-crypto-payments-in-40-countries

An idea that I researched in 2021.

Many crypto cards have already been issued.
The functionality of each card is supported by the company that issued the card.
It is worth bearing in mind the specifics of any card:

• Centralization due to Visa/MasterCard providers.
• Spend on shipping, maintenance, and marketing of cards.

The idea was to enrich a card ecosystem with the Web3 applications platform.
The card could be crypto or usual.
The Web3 applications could be financial, Gaming, and others.
In some sense, this is an App store or DeFi manager like https://defisaver.com/

Accounts

1. Savings - vaults of Yield aggregators
2. Loans
3. Payment with discount programs
4. Web3 gaming
5. And other Web3 accounts

Approach 1.
The logic is the user has 1 card, to which several crypto wallets are connected in 2 clicks, and several accounts can be connected to each wallet in 2 clicks.
Such a platform can be created in partnership with Visa / MasterCard or major banks - crypto card providers.

Approach 2
Connecting a crypto wallet to a bank account with one or several IBANs, one or several of them can be physical or digital cards.
Such a platform can be created in a decentralized way like a decentralized bank.

If it is useful, I can prepare and provide more details.

[sergfeldman]

https://www.theblock.co/post/180006/blockchain-com-launches-visa-debit-card-with-1-cashback-in-crypto

[sergfeldman]

https://www.theblock.co/post/180006/blockchain-com-launches-visa-debit-card-with-1-cashback-in-crypto

Visa potentially can integrate cards and cross-chain wallet
https://twitter.com/KondoudisLaw/status/1585616792457715712

[sergfeldman]

If there is a desire to issue a card, then we can consider a digital (without physical) debit thematic card.
It is probably possible to do this on the basis of one of the crypto-friendly neobanks.

The card theme is income in the Metaverses.
In general, the card behaves like a savings account and provides access to specific yield sources in a free deposit format.

The card gives access to income opportunities in games, metaverses, DeFi.
Each income opportunity can be implemented through a partnership with the corresponding company in the PLAY format.

When we are ready, you can pitch this idea to the Visa/MasterCard accelerator and get feedback.

[0x4007]

Context

Had a thought about how to make a nice experience for the user related to my personal setup.

• I currently use an American Express charge card (this means I'm on the hook to pay the entire previous month's balance)

• Let's say I charge $1000 on it and next month I need to pay that back in full.

• Next, I'm currently longing FXS for awhile and plan to always have a little debt on it (my liquidation is hovering between $2-$4 as there is a pretty strong support there)

• What I have been doing is actually borrowing FRAX off of my FXS using FraxLend and paying my charge card. Variable APR is at around 6-9% which is much cheaper than other American Express credit cards (~20%)

Implementation

To make this entire flow work we would need:

• a lending market that can lend out ubiquity dollars. A possible superior solution is to directly connect Compound/AAVE for a v1. A second solution is to fork fraxlend to work with ubiquity dollars.
• a way to convert ubiquity dollars into fiat dollars to pay for the charge card. This could be any like American Express but ideally could be a first party UbiquiCard (what if our card just "wraps" other cards?) Swype actually reached out to me asking if we want to use their ACH cash out API but I'm sure other solutions exist.

Results

The end result is that we get a super cheap credit card, that we only need to automatically borrow for and top up once a month when the statement comes in.

We also create new demand+utility for the ubiquity dollars (lending in this market for yield)

Versions

I'll write only the first version here to reduce clutter.

I think that it would be least profitable but easiest to just link together the infrastructure permissionlessly.

• In this case, read card statement details using some generic aggregator like Plaid (or mint.com?) and look for charge/credit cards balances

• have a script that automatically borrows USDC from AAVE/Compound on behalf of the user (perhaps via a gnosis safe so that the user can optionally add 2FA for this by enforcing a second signer)

• cash out the USDC using another service provider. This requires more research because although we could pick Swype or Coinbase, this part seems to be the most "permissioned" with legal kyc/aml coming into play. I guess we would potentially need to set up our own service to make this reliable.

• automatically pay the card on behalf of the user. This could be easier if we had our own cash out platform where the user can add their card for "auto pay"

[sergfeldman]

What is the core benefit of this solution for the end user?

Lower payment for the credit card debt?
"Variable APR is at around 6-9% which is much cheaper than other American Express credit cards (~20%)"

[0x4007]

I leave my money in crypto because I put it to work for me. I use credit cards because I can spend now and pay back later. Moving money from crypto to fiat is tedious and takes time so credit cards are the perfect stop-gap measure for now.

Ideally if we had a crypto native credit card, where we can pay the credit card bill directly from DeFi as a "checking account." A side benefit is the more competitive pricing. Technically speaking we could even use MakerDAO and Liquity for even lower borrower APRs. The credit card companies won't be close to compete.

---

Personal loan solutions with APR starting from 5.99%
https://consumer.evenfinancial.com/even/loans
https://www.lightstream.com/
https://www.sofi.com/personal-loans/

This tells me that you don't use credit cards lol. Taking out personal loans is an incredibly arduous experience.

[sergfeldman]

I leave my money in crypto because I put it to work for me. I use credit cards because I can spend now and pay back later. Moving money from crypto to fiat is tedious and takes time so credit cards are the perfect stop-gap measure for now.

What would be the key advantage of this product?

Enjoy 2 worlds at once - earn high in DeFi, spend now - pay back later as usual credit card?

[sergfeldman]

Ideally if we had a crypto native credit card, where we can pay the credit card bill directly from DeFi as a "checking account." A side benefit is the more competitive pricing. Technically speaking we could even use MakerDAO and Liquity for even lower borrower APRs. The credit card companies won't be close to compete.

Self-paid credit card bills by DeFi positions?

[sergfeldman]

Moving money from crypto to fiat is tedious and takes time so credit cards are the perfect stop-gap measure for now.

With Binance pay, Stripe, etc it is not required to actually move from crypto to fiat.
For example,
https://cointelegraph.com/news/ukrainian-pharmacies-enable-crypto-payments-via-binance-pay

[0x4007]

Moving money from crypto to fiat is tedious and takes time so credit cards are the perfect stop-gap measure for now.

With Binance pay, Stripe, etc it is not required to actually move from crypto to fiat. For example, https://cointelegraph.com/news/ukrainian-pharmacies-enable-crypto-payments-via-binance-pay

I also think that this is off-the-mark/irrelevant because debit/charge/credit cards are universally adopted/accepted. Binance Pay needs to be integrated and accepted by merchants. I've never seen a place that accepts Binance Pay yet, but every place I go to accepts my American Express.

[sergfeldman]

Credit cards is a tricky market due to the limited number of the global card issuers.
If we are seriously about Ubiquity cards, the most effective way to start is to talk with MasterCard or Visa programs for crypto startups.

[sergfeldman]

Useful info
https://www.cardrates.com/news/credit-card-companies/

https://nilsonreport.com/publication_chart_and_graphs_archive.php?1=1&year=2022

https://github.com/AchoArnold/discount-for-student-dev

[sergfeldman]

Idea

DevPool card
Must-have elite level credit card for software developers.

Get more

• Earn in DeFi, ie Ubiquity vaults.
• Earn on bounties in the DevPool by Ubiquity DAO.
• Get airdrops from Ubiquity partners.

Pay less

• Spend from your credit card - pay back later without fees.
• Self-pay credit card bills by your DeFi positions.
• Get edditional discounts on software.

[sergfeldman]

DEV card - the best card for developers.
GitWallet - programmable wallet, personal finance account.

Enjoy at once

1. Credit. Spend now - pay back later as for the usual credit card.
2. Income. Earn high in the Metaverse in the DeFi and bounties.
3. Usability. Manage your card in a common for developers way - through code.

Components

This is a wallet with

• Elite digital credit card Visa or MasterCard.
• Enabled DeFi features.
• Connected with the GitHub app.

GitHub app

Manage your card and DeFi in common for developers way - through code is an approach similar to the infrastructure as code, configuration management https://en.m.wikipedia.org/wiki/Infrastructure_as_code

Cases

• Register a crypto wallet to get DevPool payments.
• Use PRs to the dedicated repository as an identity management solution (or 2FA for confirmation of actions).
• Manage the credit card settings.
• Create and manage different custom limits.
• Manage custom notifications.
• Manage your DeFi portfolio.
• Establish payment flows between DeFi and the card.
• Manage recurring payments (subscriptions, etc).
• Manage security - access control, multisyg, multi factors authentication.
• TBD

If it is not suitable to build this app on GitHub, then it could be another type of an app.

Approach to code

1. Use JSON (or similar - YAML, etc).
2. Use a well-known programming language (JavaScript, Python, etc).

Financial benefits

The app provides AI-powered recommendations on how to

Earn high in the Metaverse

• Relevant DevPool bounties (the app is a new communication channel to offer bounties).
• DeFi vaults (a way to get users for the Ubiquity Yield aggregator).

Pay less

• Spend from your credit card - pay back later without fees.
• Self-pay credit card bills by your DeFi positions.
• Discounts and coupons for digital products, educational courses, and conferences for developers.

[sergfeldman]

Alex: clearly define completely new use cases that can be managed by code.

• For the credit cards management by code is limited by the availability of Visa/MasterCard APIs
• For the DeFi features management by code can be done for any smart contract

[sergfeldman]

A potential next step - cards management app combined with the DeFi portfolio tracker and automation abilities

Cards management apps
https://www.uthrive.club/making-the-most-of-credit-card-management-apps/

Visa and MasterCard APIs
https://developer.visa.com/apibrowser
https://developer.visa.com/capabilities/dps-card-and-account-services
https://developer.visa.com/capabilities/card-on-file-data-inquiry
https://developer.visa.com/capabilities/vop
https://developer.visa.com/capabilities/vces

https://developer.mastercard.com/apis
https://rapidapi.com/hub

DeFi portfolio APIs
https://de.fi/
https://de.fi/api#dashboard
https://docs.de.fi/api/api

https://www.treehouse.finance/
https://institutions.treehouse.finance/

https://cloud.debank.com/

https://www.fireblocks.com/defi-request-access/

DeFi portfolio trackers
https://www.bitbond.com/resources/the-10-best-defi-portfolio-trackers/
https://learn.bybit.com/investing/best-crypto-portfolio-tracker-apps/
https://academy.shrimpy.io/post/top-7-crypto-portfolio-tracker-software-2022
https://mymerlin.io/website/best-defi-portfolio-trackers/
https://www.bsc.news/post/top-5-best-defi-portfolio-trackers
https://www.guru99.com/crypto-portfolio-tracker.html

DeFi automation tools
https://defisaver.com/
https://www.yieldster.io/automation-platform
https://decommas.io/

Roboadvisors
https://www.investopedia.com/best-robo-advisors-4693125

Crypto + non crypto wallets
TBD

[sergfeldman]

Non crypto grants and programs to apply

Visa
https://partner.visa.com/site/programs/fintech-program.html
https://usa.visa.com/visa-everywhere/everywhere-initiative/initiative.html
https://partner.visa.com/
Fast track - apply with info on the registration and funding
Idea - mostly socially important ptojects took grants in 2022

MasterCard
https://developer.mastercard.com/programs/start-path-crypto/
https://developer.mastercard.com/programs/
https://vc4a.com/mastercard-foundation/smart-path-small-business-program/
https://www.f6s.com/mastercardstartpathglobal/apply

Stripe
Only loans fir starttups?

Microsoft? Edge?
https://www.microsoft.com/en-us/startups
https://foundershub.startups.microsoft.com/signup

GitHub?

Other
https://fintechcircle.com/funding-fintech-startups/

https://usepower.com/

https://swipe.io/

https://www.chainswipe.com/crypto-debit-cards
https://www.chainswipe.com/pricing

https://www.speedinvest.com/fintech

https://foundershield.com/blog/grant-resources-for-tech-startups/
https://startuptalky.com/top-startup-business-grants/

[sergfeldman]

How to implement credit cards

Top card providers
Visa, MasterCard, UnionPay, etc

Top startups providing credit cards
https://angel.co/startups/industry/credit-cards
https://stripe.com/docs/issuing - the US and UK only

Open banking
To find open banking platforms that issue credit cards

Private label cards
https://www.bytandym.com/
https://developer.wellsfargo.com/products/overview/private-label-credit-cards-sdk

Wallet as a service
https://walletfactory.com/

[sergfeldman]

Competitors

Digital cards with DeFi features
In the future it will be WALLETS
To research existing options

Non-custodial card - can be used as a demo
https://holyheld.com/
https://holyheld.com/faq

One more card presented as a non custodial
https://www.theblock.co/post/228351/suberra-unveils-new-crypto-debit-card-that-lets-you-spend-crypto-anywhere-from-your-non-custodial-wallet
https://suberra.com/card

DeFi native bank
https://decrypt.co/139439/german-fintech-unstoppable-finance-launch-europes-first-defi-native-bank

All in one hardware cards
https://fuzecard.com/products/fuzecard

EMV cards
https://en.m.wikipedia.org/wiki/EMV

Programmable cards
https://www.offerzen.com/blog/we-built-root-a-fully-programmable-bank-account-and-card-for-developers

[sergfeldman]

Card trends and innovations

https://www.mckinsey.com/industries/financial-services/our-insights/reinventing-credit-cards-responses-to-new-lending-models-in-the-us

https://www.forbes.com/sites/tylerroush/2023/03/10/svb-shut-down-by-california-regulator-after-bank-stocks-crash-amid-turmoil/

https://www.cnet.com/personal-finance/credit-cards/advice/six-reasons-the-x1-credit-card-is-worth-it/#-the-virtual-card-capability-is-unmatched

https://www.nerdwallet.com/article/credit-cards/credit-card-trends-in-2023

[sergfeldman]

Direction to explore

• AI personalized psychological coach in finances.
• Personal finance advisor with conversational bot.
• Financial psycho advisor.
• Personal finance coach.

Increases results in the personal finance areas:

• Spends
• Investments
• Loans

ChatGPT consultant on personal finances

• Collects data on the current situation
• Asks and defines the financial goals
• Creates the plan to achive the financial goals
• Selects the financial instruments (cards, ETFs, loans, crypto vaults, etc)
• Tracks the implementation, consults on changes, updates the plan

[sergfeldman]

Dedit card without KYC sounds interesting but there are no suitable options to issue

https://liberlandshield.globaltradersacademy.org/en/anonymous-credit-cards/

The experiment is performed by the Edge wallet
https://chaindebrief.com/the-leading-edge-how-this-wallet-allows-non-kyc-mastercard-payments/
https://edge.app/

[0x4007]

In a statement to Cointelegraph, a representative at the crypto exchange said that the card complies with anti-money laundering and terrorist financing regulations because of the USD $1,000 daily spending limit. In addition, the card is only available for use at U.S. commercial terminals right now.

That's a generous daily spending limit. If this is true this is huge news!

[sergfeldman]

I created a test project in Visa Sandbox and will send the key to Alex
https://developer.visa.com/portal/app/c3b98f4f-5a2b-4bbd-8208-c449e8d9dae0

What would be a good starting point

• Review APIs related not only to cards, but also to DPS, and wallets

• Use test data
  https://developer.visa.com/portal/app/c3b98f4f-5a2b-4bbd-8208-c449e8d9dae0

• Read the API documentation
  https://developer.visa.com/pages/working-with-visa-apis

What other information can be viewed

Partner directory
Select Region and values in the section Issuance
https://partner.visa.com/site/partner-directory.html

Stripe is one of Visa's card partners
Potentially, you can create a separate account in Stripe
https://partner.visa.com/site/partner-directory/stripe.html
https://stripe.com/docs/issuing

There are other global partners, for example,
https://partner.visa.com/site/partner-directory/i2c-inc.html
https://www.i2cinc.com/platform/card-issuing/

Visa's Capabilities
https://partner.visa.com/site/build.html

Digital Banking
https://partner.visa.com/site/explore/digital-banking.html

Digital wallets
https://partner.visa.com/site/explore/digital-wallets.html

Visa Card Designer
https://partner.visa.com/site/explore/card-designer.html

Participation in Visa programs

• I recommend waiting for a response to the Visa Everywhere application
  I submitted it without our pitchdeck because the actual one is not ready yet

• After that, make a decision on the Visa FinTech program

[sergfeldman]

A potential idea for Visa - Freelance Wallet, Digital nomad wallet

The wallet that connects crypto wallets with debit cards in the most suitable for the freelancers way.

Use cases

• Get paid on freelance marketplaces (requests for payments)
• Get paid on bounties
• Spend easily
• Get cashback and incentives interesting for the freelancers

[sergfeldman]

Get virtual IBAN for crypto wallet, crypto cashout solutions with IBAN

https://mercuryo.io/iban/
https://mercuryo.io/api-saas/

https://striga.com/crypto-wallets-exchanges/

https://ibandirect.com/
https://ibandirect.com/our-fees-and-limits

https://www.swapin.com

https://nebeus.com/freelancer
https://nebeus.com/card

https://hi.com/products/debit-card

https://excelon.io/
https://wire-wallet.com/
https://bankera.com/business/

[sergfeldman]

If we consider our crypto-fiat card then the DeFi dashboard and antivirus will be good value added services

These great services now can be integrated via API
https://de.fi/api

[sergfeldman]

Setting up the card program on Stripe

For the automatic actions like cash-out uAD to fiat explore Stripe apps:

"Apps automate workflows. For example, when a customer signs a contract, an app can automatically start a billing flow. This helps users avoid doing repetitive tasks, manually reconciling accounts, and jumping between tabs.

With UI extensions, users can interact with your app, right inside Stripe. You can also use Stripe APIs to do anything a user can do in Stripe, like using webhooks or reading and writing data"

https://stripe.com/docs/stripe-apps
https://marketplace.stripe.com/

[sergfeldman]

We did not receive a positive response during the initial contact with the first group of card issuers.
A possible reason is that they also (like Visa) don't provide services to smaller customers like us.

Additionally to the card issuers, I plan to look into issuing cards with another group of companies - the so-called payment services
https://www.payoneer.com/accounts/
https://wise.com/sg/business/card
https://www.revolut.com/business/business-account/

The 1st option will be Wise
https://platform.wise.com/
https://wise.com/gb/travel-money/travel-money-card
Need to clarify if it is possible to open business account for a company from Virgin Islands

[sergfeldman]

The attempt of registering the business account

Wise

Due to high demand, we can't onboard businesses from this country right now. Join the waitlist, and we'll email you when you're able to sign up.

Payoneer

Signup by companies incorporated/registered in British Virgin Islands is currently not supported

[0x4007]

It's very easy to create new business entities wherever we need to be. Just figure out where and I'll get on it. Also this would make more sense to update your progress on a bounty/issue, not on this discussion.

[sergfeldman]

It's very easy to create new business entities wherever we need to be. Just figure out where and I'll get on it.

@pavlovcik Okay, I will research this!
Are there any preferences or restrictions on which country to offer for the new business entity?

[0x4007]

We're just preferring the path of least resistance.

Also certain regulatory environments are unfavorable to do business with like USA, China, probably Russia.

Beyond that it's all basically the same thing.

[0x4007]

Turns out that there already is established payment infrastructure for Uber drivers. I stumbled upon this app. I think that Uber might be a fantastic case study for the direction we are exploring now (banking for developers in the DevPool)

https://apps.apple.com/us/app/uber-pro-card/id1615818085

[sergfeldman]

This is primary observations, not a status update.

• We need to choose a set of Country - Bank - Card Issuer (not just a country).

• We need to consider
  For a country - regulations for crypto industry.
  For a bank - policies and limitations for crypto startups.
  For a card issuer - their requirements to business accounts.

• Preliminary, loyal to fintech countries - the UK, Singapore, UAE, TBD

[sergfeldman]

The example of the questions from a wallet provider

Thank you for considering our white-label solutions Way4 Wallet and Way4 Issuing. I suggest we check if the Way4 platform is the right fit for your project. Please tell us a bit more:

1. How many wallet accounts (users) do you plan to manage in the first 3 years after the platform launch?

2. How many user types/roles should your project serve? For example, is it required to have one wallet interface for freelancers workers, another for freelance recruiters, and one more for corporations? Should each user type have its specific onboarding procedure, transaction limits, and specific options in the mobile menu?

3. Wallet operation types.

• Should the customers be able to link some other accounts to their mobile app? E.g., credit cards issued by third parties?

• Should the mobile app be used for online and in-app payments? For payments on POS? For P2P transfers?

• What are the required cash-in / cash-out channels for the wallet account?

4. Has your company obtained its own banking, PSP or e-money institution license, or another kind of approval from financial regulators in your country?

5. To issue international cards, your company would need to be a member of Visa, Mastercard and maybe some other payment schemes. Are you applying for principal membership or will you work through a BIN sponsor?

6. How many cards do you plan to issue in the first 3 years – at least one card for each wallet user?

7. What should be the key features of your wallet that would give it advantage over competitors in the same market?

8. Do you have or plan to onboard an IT team? How large is it?

9. Have you already decided on the preferred delivery model for the new payment solution to manage the wallet and issuing infrastructure? Our Way4 software can be used by your team on premises or in the cloud. Please let me know which of these options you’d like to discuss. For all these delivery models, our solution will be provided as white-label.

10. Is this project funding secured to invest into a software platform and the first year of service operation while the revenue is still not on par with your project costs?

[sergfeldman]

Summary of the call with Marqeta https://www.marqeta.com/

1. Marqeta is not a solution for beginners, but for scaling.
   The minimum requirements for a startup based on the experience of previous ones are thousands of cards, from 5M funding.

2. When starting a program with Marqeta, we will still need a separate BIN sponsor.
   Some BIN sponsors also provide consulting services.
   For small startups, it is recommended to use managed programs with ready-to-use solutions, not custom integrations.

Marqeta partners who can potentially be useful to us
https://www.bnkbl.com/solution/payment-card-programmes/ - program manager
https://www.monavate.com/issuing-solutions/ - BIN sponsor and program manager
https://www.transactpaymentsltd.com/services/ - BIN sponsor

3. If we consider the European locations of company registration, then Cyprus, Malta, Luxembourg.
   Probably in about 1 year this will change significantly with the new European legislation on the regulation of crypto companies.

[sergfeldman]

Airwallex review
https://en.m.wikipedia.org/wiki/Airwallex
https://www.trustpilot.com/review/airwallex.com
https://www.finder.com/uk/business-banking/airwallex-business-account-review
https://www.trustradius.com/products/airwallex/reviews
https://6sense.com/tech/other-fin-tech/airwallex-market-share
https://transumo.com/airwallex-review/
https://www.crunchbase.com/organization/airwallex
https://statrys.com/blog/airwallex/airwallex-review

[sergfeldman]

Jon:

so here's a quick rundown of what I was thinking in terms of our debit cards. Let me know what you think:

Why a debit card? Seems much easier from a compliance standpoint than a credit card but feel free to advise otherwise.

that being said, Ubiquity's interest in issuing debit cards revolves around boosting the adoption of our Ubiquity Dollar stablecoin (uAD) by allowing users to spend them in the real world.

Feature road map:

1. We would allow users to deposit their uAD from mainnet into a centralized platform we create (e.g. Ubiquity Bank- What also be curious to hear is where you think this bank should be out of or if we can just piggy back on an existing one) to top up their accounts, which is debited from when they spend on their cards.

2. Users can add their cards to their smartphone (e.g. Apple Pay, Google Pay) and use them to pay for goods and services.

3. Users can generate unique and disposable card numbers to use for online purchases, like privacy.com

4. Enable direct fiat on/off ramping via bank transfers to their accounts.

optimately we would like a turnkey service as opposed to building from the ground up. Let me know you think.

[BritvaBo]

interesting. thanks