In this section of COINGEEK Weekly livestreamOrange Gateway CEO Hlynur Thor Bjornsson Sit down with Kurt Wuckert Jr. To talk about making bitcoin easier and more accessible to everyone.
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Iceland, BSV-life and off ramps
Orange port Is based on Iceland simply because the founders live there. They first discovered Bitcoin 2009 after the economic collapse. In 2013, they spun up a company and started shopping coins. Things continued from there, and they started orange gateway with a pivot to BSV.
Wuckert points out the problem of BSV -complication; There is a limit to how much trade you can do as a result. He thanks Bjornsson for providing a service to treat this and asks why he chose the small number of couples he did. The answer is simple: they wanted to keep faith in the BSV vision and had no interest in Shop many other coins.
A decade-old bank relationship is one of the keys to Orange Gateway’s success. Because of this and strict legislative compliance, they can act as a ramp, which allows people to withdraw Fiat to their bank accounts. They now even offer Bitcoin with credit cards.
KYC compliance, customer activity and stablecoins
What is the threshold for KYC complianceAnd what does the process look like? The threshold is € 1,000 ($ 1,118) per month, says Bjornsson. This means that relaxed traders play with that money to escape complete KYC checks. After that limit, all documents are required.
Is there any day dealer, or does people use it as an on/off ramp? They see more and more traders. They welcome it, but it comes slowly. They have a third -party market manufacturer to operate the order book, and they are looking for a more sophisticated partner to handle that role.
Wuckert mentions some BSV Stablecoins; Mnee on 1sat prescribed and chf one via Cental platform. Do orange gateway want to support them? Yes, they are looking for ways to support these coins and have directly talked to the Mnee people. The In Mica license Guarantees license holders have real currency that supports them, and Bjornsson believes this will create a lot of confidence in these Stablecoins.
Will there be an orange gateway app in the future? Yes, it is in the works. In terms of payment app integrationsApple Pay (Nasdaq: Aapl) is available to iPhone and Mac users, while Android users can use Google Pay (Nasdaq: Googl).
Real assets and alternative withdrawals
Wuckert thinks Real assets will be a big deal in the future. He wonders if Orange Gateway is interested in them. Bjornsson says that they would very much rather support 1,000 RWA symbols than 1,000 digital currencies. They even consider how a tokenized fish market can work in Iceland.
As a solution for direct withdrawals, Orange Gateway negotiates with its credit card partner to see if people can receive payments as prepaid credit cards. This would shorten the wait and cost of a wire transfer and let people spend their funds faster.
To hear more about Orange Gateway, the upcoming London blockchain conference and the future of BSV, check out Live stream through this link.
Watch: Hlynur Thor Bjornsson maps Orange Gateway’s journey so far
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