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Offline pedrillo0  
#41 Posted : Thursday, March 9, 2017 2:07:53 PM(UTC)
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Pesobit Weekly Update (March 9, 2017) These past several days, I've been dealing with VMoney regarding features, fees and personalization of E-Wallet as well as acquiring all the necessary business papers which was completed just recently. I'll be sending screenshots once the page is already in testing phase. I was not given a definite date yet of completion but should be in 1 to 2 weeks time. And developmental fees has been paid already so all we can do for now is to wait for the platform to be completed, have it tested then release it. To the ewallet shareholders that I've been talking to, thank you for your trust for you guys helped in establishing E-Wallet Services.

Now that my side of E-Wallet development is finished except of course in talking to shareholders, I can now go back to continuing to work with the marketplace as well as the freelance site.

- BENJAMIN PACHECO (Founder PSB)

Offline pedrillo0  
#42 Posted : Monday, March 13, 2017 3:58:31 PM(UTC)
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Just an update to start of the week

Still dealing with VMoney regarding procedures, features etc of e-wallet and we're still good with the March release. For now, what we're focusing on is the converting of Pesobit -> Philippine Peso then to be withdrawable to almost all major banks together with bills payment.  How it works though is that you need to process the conversion from your Online Wallet (https://wallet.pesobit.net). It will be a feature to be added in your online wallet where you will have to attach your e-wallet account to your Online Wallet account. Once sent to your e-wallet account then you will have the options of sending to another user, withdraw to banks or pay your bills. As for the visa/mastercard, it will also be enabled but still have to check on the final cost of the card that works as an ATM which will be helpful for remittance solution. 

As for IDs to be uploaded, we've yet to finalize regarding foreign IDs which might be needed by overseas workers but I guess some of them can produce their Philippine IDs for the meantime or they can have their families here in the country to create an e-wallet account.

For those who are asking if it's possible for them to buy Pesobits using their Philippine Peso from the e-wallet, yes we'll make that possible in a later time.

By the way, the SSL certificate got expired hours ago. It was suppose to be auto-renew but I it didnt kick in so I renewed it manually and should be working as normal.

- BENJAMIN PACHECO (Founder PSB) 

Offline pedrillo0  
#43 Posted : Wednesday, March 15, 2017 1:24:42 PM(UTC)
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See below screenshots for our e-wallet test page. 

UserPostedImage UserPostedImage UserPostedImage UserPostedImage

Still working on the features. Basically there will be a setting in the current Online Wallet where you can attach you e-wallet account allowing you to be able to convert Pesobits to your E-Wallet page for you to withdraw to banks or send to one another as Philippine Peso. Converting it back though to Pesobit will be a future development.

- BENJAMIN PACHECO (Founder PSB) 

Offline pedrillo0  
#44 Posted : Monday, March 20, 2017 3:38:58 PM(UTC)
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Pesobit at NovaExchange is now active

https://novaexchange.com/market/BTC_PSB/ https://novaexchange.com/market/LTC_PSB/ https://novaexchange.com/market/DOGE_PSB/

- The Team Pesobit

Edited by user Monday, March 20, 2017 3:41:05 PM(UTC)  | Reason: Not specified

Offline pedrillo0  
#45 Posted : Thursday, March 23, 2017 1:47:30 PM(UTC)
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Pesobit Update The system is already complete with all the features working as well, just a few more things that needs to get sorted but here are a few of the final details we agreed upon. 1) There will be a referral system.  2) Outside Philippine IDs won't work for now except Canada. 3) There will be limits as well on how much you can withdraw but it can be increased by submitting a form that will be provided to you.  4) Could be released by the end of this month as I'm also dealing with some investors. 5) Canadian users will have the same features, can upload their ID for verification, can cash-in and cash-outs thru Interac. More details will be released soon as we iron them out.

As for the exchange, DON'T trade in Yobit yet until further notice. Only NovaExchange and C-Cex coordinated with me regarding upgrade on the blockchain used. Although several support tickets have been sent to Yobit's way, I haven't received any update yet.

- BENJAMIN PACHECO (Founder PSB) 

Offline pedrillo0  
#46 Posted : Friday, April 7, 2017 2:19:29 PM(UTC)
pedrillo0

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Weekly Pesobit Update

Already testing the site with a few users (ICO Pioneers) to see if there are errors. There will be a referral system though minimal for ID verified users. There are testers also from other countries. Fees: There will be a 1% fee in converting your Pesobit to Peso (this is charged by the service provider). There are fixed fees for Bills Payment and Bank withdrawals (Again charged by the service provider).

Buy from Online Wallet - will be suspended for a while until further notice. 3rd Party Investment - For the first month of the 3rd party investment, it seems the fund manager was able to provide returns to dozens of users. It came to me that a few had delays, please check your emails as the fund manager emailed you as well awaiting for your reply regarding your BTC and PSB address.

Things are working in the background, once they get finalized they will be announced accordingly.  Apologies for the recent delays, most of the guys I'm working with are taking holidays but sure enough that things are progressing in the background.

- BENJAMIN PACHECO (Founder PSB) 

Offline pedrillo0  
#47 Posted : Wednesday, April 12, 2017 3:26:33 PM(UTC)
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Before we end work week here in the Philippines due to long holidays brought in by the Lenten Season, we're now opening the E-Wallet platform to the public. You can register over at https://ewalletph.vmoney.com/ This will be in BETA stage for now. Notes: 1) Anyone can register either using their Email address or Mobile number (works Internationally). 2) For ID verification, outside Philippine ID will work but under VMoney's approval. 3) This is not yet connected to the Pesobit Online Wallet but is already working as a money transfer tool, bills payment, buy mobile load credits etc. 4) In the Pesobit Online Wallet, there will be an Encash option that will allow you to enter your ewallet registered account (email address/mobile etc). It will be credited to your account in 24-48 hours in Philippine Peso value using the Pesobit rate at the time of withdrawal.  ETA will be this month. 5) There are different charges per services offered including withdrawals charged by VMoney but the cheapest way to withdraw is the Manual option via a checkbox in the withdrawal section. 6) The difference of this platform vs the others will be the low buying and selling difference/spread that will be implemented soon. 7) There will be a referral system giving out Php10 per ID verified users to be passed on to your accounts next week.

Again, this is not yet the final Pesobit <-> Philippine Peso platform as we will still be working on cheaper options in the future.

Another 3rd Party Fund Manager joined the 3rd Party Investment program as well, details can be found in the Online wallet at https://wallet.pesobit.net

- BENJAMIN PACHECO (Founder PSB) 

Offline pedrillo0  
#48 Posted : Wednesday, April 19, 2017 2:43:27 PM(UTC)
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Still waiting for the Online Wallet to be connected to the EWallet website? It could be announced anytime. Just checking on how to credit your Pesobits and pass it over to your EWallet accounts.

The marketplace at market.pesobit.net will also be activated together with the Online Wallet to EWallet system. For interested merchants, there will now be an option for your products to be listed in the Marketplace without actually accepting Pesobit. The items in the Marketplace will be accepting Pesobit but it will be directly converted to Philippine Peso and credited to your EWallet account. To the existing merchants who want this instead of the old process of you accepting Pesobit, just let me know and send me an email to pesobit@gmail.com so I can arrange the setup for your items.

Same setup will be done for the freelancing website which is under development.

- BENJAMIN PACHECO (Founder PSB) 

Offline pedrillo0  
#49 Posted : Friday, April 28, 2017 2:25:31 AM(UTC)
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I am aware of your emails regarding verification with most users are not yet being verified even after submitting their IDs. This is what I'm dealing with VMoney about since they handle the verification process. Your concerns are being looked into with VMoney. This is the purpose of Beta stage, to know what issues will you guys be having. Once this is sorted out with VMoney and working smoothly then we will enable the conversion from Pesobit -> PHP but with limits at first.

An upcoming ICO on a new coin would like to avail of Pesobit services as Escrow for their ICO. I will be providing the BTC addresses for this ICO and will be listed here so you would know that if you join that ICO and was provided a BTC address, that address is from an Escrow which is me. But the ICO page won't be here, I'm just providing the IP Addresses for the Escrow service to protect their ICO investors, platform will still be on them. Further details will be announced soon.

Also, I know that there are lots of investors going through the 3rd party investment programs. If you have any concerns with them, don't hesitate to escalate it to me. So far, I haven't received a complain yet so I assume that all are being paid properly which is the point of their locked Pesobits anyway.

BTC is going strong, good thing PSB price is not affected by the recent rise of BTC. More things/negotiations are in the works in the background Smiley

PS: Thanks for all the programs you are running on the side, I hope one of you guys can create a website for those and have them automated...

- BENJAMIN PACHECO (Founder PSB) 

Offline pedrillo0  
#50 Posted : Wednesday, May 3, 2017 2:54:21 AM(UTC)
pedrillo0

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Back from the long holiday here in the Philippines.

While we're waiting for the resolution of the ID Verification, the Encash feature will look like this screenshot below once fully activated in the Online Wallet. It will also show you the amount in Philippine Peso equivalent before confirming. Just to remind everyone how it works.  - Enter the email address of the VMoney account of your recipient. - There will be a 1.2% withdrawal fee for now (but we'll negotiate with the provider so we can lessen this to 1%) - Withdrawals processed before 12mn will arrive the next day 12 noon. - Unverified accounts can receive funds but won't be able to withdraw until their IDs get verified. - It works for Philippine Peso conversion for now, but trying to make it work for Canadian Dollar as well.

UserPostedImage

- BENJAMIN PACHECO (Founder PSB) 

Offline pedrillo0  
#51 Posted : Saturday, May 6, 2017 2:04:44 AM(UTC)
pedrillo0

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As of today May 5, 2017 5pm here in Manila, there are 300 registered users of the Ewallet website. However, most are still unverified because they haven't completed the ID submission process. To those who won't be able to submit 2 Valid Government IDs, they can submit 1 Gov't ID and 1 Proof of Billing as this is a standard KYC procedure mandated by the Government. To those who already submitted their ID's, your accounts are now In Process status. An improvement with the Mastercard/VISA feature, funds can be withdrawn to ATMs worldwide but it will only be available to Filipinos at least for now. We'll work on if we can have it ordered by Filipinos abroad as well.

What ewallet.ph VISA card can do: Enjoy heightened security compared to previous magnetic stripe cards Withdraw from ATMs worldwide Shop online and anywhere that accepts MasterCard Instantly load funds to your card directly from your account Check your card's balance in real-time SMS funds management

What MasterCard can do: Pay at nearly 40 million VISA accepting locations Withdraw funds from ATM outlets worldwide that accept VISA Transfer funds instantly to your Prepaid Card anytime, anywhere Have better flexibility and control in managing funds

To those who were asking me if there's a new coin coming along and what's my attachment to it. There will actually be 2 coins that will attach themselves to Pesobit. One will use me as an Escrow and Technical Advisor while the other made me Technical Director. The fees that I will gather in providing my services will be used to fund expenses like Advertisement and Referral bonuses. And if their community grew and their systems become stable then we'll try to a direct exchange system allowing community users of each coin to be able to exchange from one coin to another just like how shapeshift.io does it. 

I think the one that made me an Escrow will have their ICO launch next week as I already provided them my BTC addresses and conducted testing and I will place all my BTC addresses provided to them in the wallet.pesobit.net page so everyone can check if their address is a part of the escrowed service and not an edited address by the developer. The other coin will probably be around 3 weeks to a month away as they are still developing their systems.

- BENJAMIN PACHECO (Founder PSB)

Offline pedrillo0  
#52 Posted : Tuesday, May 9, 2017 3:14:48 AM(UTC)
pedrillo0

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Just to give you an update on the EWallet system, we will be enabling this withdrawal function in BETA stage within the next 2 days. For trial purposes, it will have a limit of 500 PSB per user withdrawal every 24 hours but will be increased little by little. There will be a 1.2% for the conversion because of the service provider's fee. As for the VISA/MASTERCARD ordering, it can only be ordered by Filipinos here in the Philippines or Foreigners with Alien Certification of Registration. It will be a VMoney designed card that you can see in the site and will take 5-7 business days. It can be picked up in their office for free or will have a P75 delivery fee for Metro Manila and P100 for Provincial areas.

- BENJAMIN PACHECO (Founder PSB) 

Offline pedrillo0  
#53 Posted : Saturday, May 13, 2017 3:12:22 AM(UTC)
pedrillo0

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Before the week ends, we'd like to inform you that we will be pushing back the BETA opening of the Encash function in the  Online wallet for we were able to cut down a 0.2% transaction fee so it will be a plain 1% conversion fee. We'll still to lower it down further and targeting a 0.8% with the service provider. Hope that we can finalize it on Monday so we can open the feature to you. But the limitation will be in effect at 500 PSB probably for the first week.

Also, it seems it has already been announced by the coin developer that Pesobit is their escrow. The name of the coin Shareshub, please see their website at https://shareshub.biz for more info. 

Another coin where I will be involved in will be due around 1st week of June. This will be announced soon.

To those who are asking if I will create an exchange from Pesobit to these coins, there could be so we can have a bigger reach of users. 

If you're interested in using Pesobit as your escrow for your crowdfund project or ICO, do let me know.

To Shareshub team, thanks for your trust. I will be adding the details to wallet.pesobit.net soon.

PS: The ICO page will not be in the Pesobit Online Wallet, they have their own platform for that.

- BENJAMIN PACHECO (Founder PSB)

Offline pedrillo0  
#54 Posted : Wednesday, May 17, 2017 3:58:29 AM(UTC)
pedrillo0

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We're now opening the encashment section.  Notes:  1) Converted Pesobits will go to the ewalletph.vmoney.com account of the email address you specified so make sure that you get the correct email address of your recipients.

2) The fee was toned down to 0.9%.

3) Beta stage will have the Encashment to 500 PSB per 24 hours.

4) The cash will arrive to your ewallet account the next banking day.

5) The cash in the ewallet account can only be withdrawn to Philippine and Canadian banks at least for now.

6) The conversion rate used is that of coinmarketcap's average price.

We will be work on improving this system little by little.

Next up will be enabling the marketplace but the merchants needs to have an ewallet account so their product sales will be credited to their ewallet account the following business day and this will be enabled this month.

- BENJAMIN PACHECO (Founder PSB)

Offline pedrillo0  
#55 Posted : Thursday, May 18, 2017 2:01:21 AM(UTC)
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Thanks to those who processed their Pesobit -> Peso encashment today.  Encashments processed 12:01 am to 12mn will be converted to Philippine Peso and be sent to your ewalletph.vmoney account by afternoon the following day. We will work on increasing the limit little by little. This also works for Canadian users, just click on the dropdown below your account balance then it will display different currencies - just select CAD in order for you to see your money in CAD value.

The Buy option has been disabled temporarily, we will reenable it but we're going to put up a small spread between buying and selling just at around 0.5%. This Buy option is not your cheapest option but will only be an alternative in case you don't want to deal with 3rd party exchanges. Orders that will be made in this soon-to-be re-opened Buy option will still be sent to exchanges at that same price that you bought it.

- BENJAMIN PACHECO (Founder PSB) 

Offline pedrillo0  
#56 Posted : Sunday, May 21, 2017 2:01:06 AM(UTC)
pedrillo0

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The Pesobit online wallet has been busy lately with Pesobit -> Philippine Peso conversions going to their chosen ewallet (https://ewalletph.vmoney.com/login.html) account. Just a reminder,  it can only be processed on banking days only (including Canadian users).

To those merchants that I dealt with before in putting up their services in the Marketplace, thanks for continued trust in the Pesobit community. Merchants will receive the payments to their items in Cash to their ewallet accounts so no need to worry about the price volatility of Pesobit.

Lots of VMoney users are already being completely verified so I guess we'll be having more users as time goes by. Just a tip in withdrawing your ewallet funds to your bank accounts, use the manual withdraw as it is cheaper.

Have a great weekend everyone.

- BENJAMIN PACHECO (Founder PSB) 

Offline pedrillo0  
#57 Posted : Monday, May 22, 2017 2:04:01 AM(UTC)
pedrillo0

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Happy Monday everyone, there will be an increase in  the encashment limit from 500 PSB to 1000 PSB within the next 24 hours. To those who already have their funds in their Ewalletph account and would be planning to withdraw more often, it is better to use the Mastercard/Visa option as the withdrawal via Security Bank using your MC/VISA is free and you only have to pay for the fee in topping up your card which is very minimal.

- BENJAMIN PACHECO (Founder PSB) 

Offline pedrillo0  
#58 Posted : Wednesday, May 24, 2017 12:13:35 AM(UTC)
pedrillo0

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Increased the limit of Encashment from 500 to 1000 Pesobits. Encashment feature converts your Available Pesobits to your Ewalletph account however, funds in the Ewalletph platform can only be withdrawn to banks in the Philippines and in Canada. Mastercard/VISA can only be ordered by Filipinos as such is only allowed by issuing banks. How to use and what is the advantage of MC/VISA? 1) Convert your Pesobit from the Online Wallet towards your EWalletph account. 2) Once the funds are already in your EWalletph account, top-up your MC/VISA with a fee of Php 11.00. 3) Once topped-up, your MC/VISA funds can now work in ATMs for withdrawals.

Notes: - Mastercard withdrawals are free when done on Security Bank ATMs, otherwise a fee of Php 10.00 - 12.00 shall apply. - VISA withdrawals are free when done in CTBC (China Bank Trust Corp) ATMs, otherwise a fee of Php 10.00 - 12.00 shall apply. - Top-up of MC/VISA is 24/7 so no need to wait for banking hours.

For the existing merchants of the Marketplace, please complete your verification of Ewallet accounts so your sales will be sent to you in Pesos once the Marketplace is back up.

- BENJAMIN PACHECO (Founder PSB) 

Offline pedrillo0  
#59 Posted : Saturday, May 27, 2017 1:06:28 AM(UTC)
pedrillo0

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Increased the daily limit from 1000 PSBs to 2000 PSBs

I guess it is ok to share about this as some already shared this in Social Media. A Denver Airport is already accepting Pesobit for payment, https://www.cryptocoinsnews.com/105258-2/

Still following up with VMoney regarding the verification of some accounts. As per standard KYC process, requirements for the verification of an account are: - 1 valid government issued ID - 1 proof of billing address/secondary valid ID that displays the client's registered address selfie with valid ID.

What is the difference between unverified vs verified account? Unverified accounts can receive funds but won't be able to withdraw unlike the verified ones.

Update on the Marketplace: Most merchants are now getting verified under the EWallet system so it looks like we will be closing in on it being reactivated.

As for adding it to another exchange, we do have Nova but we're targeting bigger ones and it can only be made possible once we increase our trading volume which can happen once we start actually using it so it will circulate.

Happy Weekend guys

- BENJAMIN PACHECO (Founder PSB) 

Offline pedrillo0  
#60 Posted : Thursday, June 1, 2017 4:29:02 AM(UTC)
pedrillo0

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Pesobit update:

You can now encash as much as 5000 PSB per day going to your ewallet account. Buying of BTC in the Philippines got really expensive recently (higher than global prices) so we will be looking for ways for you to be able to buy Pesobit directly from Philippine Peso and one option is to make use of the Ewallet Cash-in capability since you can fund your accounts directly via bank deposits. Also coordinating with a group of Pesobit supporters for them to be able to act as Pesobit tellers where you can buy Pesobit directly from them and hope we can spread it further to distribute Pesobit to as much people as possible by giving them easy access in buying Pesobit.

Also, another Fund Manager jumped into the 3rd Party Investment program and offering 10% per monthly profit. Of course, he has a large sum of Pesobit as well as collateral.

- BENJAMIN PACHECO (Founder PSB) 

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