I’m not sold on this Palladium project. For token liquidity for crypto utility tokens like UKG, it seems beneficial to be able to easily buy and then use tokens. But for banking, it appears to me to just add another layer of middle men and fees when paying bills. I send fiat from my bank or use a credit card now.
Why would I want to send fiat to Palladium to convert to a crypto to then send payments when I can skip that last step and pay directly in fiat now? Especially if the recipient converts crypto back to fiat. Until that payment method narrows down to crypto income used for crypto payments, it isn’t ready for prime time use. And when I can finally get paid in crypto to spend, I will do so with a hardware wallet and no extra intermediary fees. Just my opinion of course.
I’m not sold on this Palladium project. For token liquidity for crypto utility tokens like UKG, it seems beneficial to be able to easily buy and then use tokens. But for banking, it appears to me to just add another layer of middle men and fees when paying bills. I send fiat from my bank or use a credit card now.
Why would I want to send fiat to Palladium to convert to a crypto to then send payments when I can skip that last step and pay directly in fiat now? Especially if the recipient converts crypto back to fiat. Until that payment method narrows down to crypto income used for crypto payments, it isn’t ready for prime time use. And when I can finally get paid in crypto to spend, I will do so with a hardware wallet and no extra intermediary fees. Just my opinion of course.
Hello, Palladium is 3 entities a Bank, A crypto Exchange, and an EMI. For those in the EU and UK that want to have a bank account that can easily and direct give them access to a crypto exchange, this is great. They won't be subjected to as many fee's or as high of fee's as people are subjected to by attaching their debit cards to Coinbase and buying BTC, for example. They also won't have to wait anywhere near as long to transfer any fiat to crypto or crypto to fiat. So those are two advantages, also for us at Unikrn it gives us a direct fiat to UKG gateway we have been looking for as many of the direct purchasing options for UKG ends up charging people ALOT in fee's, this is a great alternative.
Also with this Bank and Crypto Exchange we will gain the attention and approval of regulatory bodies and governments so they can be more open to crypto currency and know that it can work both in business and in retail.
Video won’t play for me. It just gives me a Facebook link that won’t load?
What did I miss? Seems controversial for this thread. Unikrn and ukg good or bad?
It still plays for me. Maybe contact tech support here. Says Unikrn is creating a bank in partnership with Bittrex where you can buy cryptos or use cryptos to pay for stuff. I think the UKG buyers didn’t think the news was exciting or related to what they think is Unikrn’s real focus which is gambling on eSports. At least I gather that from PM’s with @CryptoTC who can probably explain this thread better.
Video won’t play for me. It just gives me a Facebook link that won’t load?
What did I miss? Seems controversial for this thread. Unikrn and ukg good or bad?
The video plays for me.
As far as being neutral on Palladium, that's fine, we're just spreading the news and I think it will do wonders for people and help us gain acceptance with high forms of government.
News that will excite UKG token holders is still in the works for this month, and as such this is not meant to become the Unikrn and Palladium forum lol
As for the banking part itself, I think the biggest advantage Palladium will have is the fact that you can store all sorts of currencies in a single wallet. Currently, if you hold multiple coins it also means you hold multiple wallets and private keys. How is this possible? It's because it will be running on the Unikrn wallet technology.
At the very least, the partnership with Unikrn helps with brand recognition. This venture is making people sit up and pay attention. I mean, the President of Malta was speaking at the unveiling. How many crypto projects have had that kind of endorsement?
Do I wish it was more of a UKG centric announcement? Sure I do. Since Unikrn has taken a stance on not shilling, as a utility token, UKG's success will be depended on how many people are using the coin. As it should be.
Palladium will help with making UKG easier to obtain and as Unikrn is a partner, it will probably be one of the first token paired with fiat.
UKG betting is ready to be rolled out, just waiting on the regulators. ChallengeMe.gg will be switching to using UKG and also teased a new way to earn UKG. Before 2018 is over, there will be more utilities for UKG.
2018 is basically the laying the foundation phase in regards to Unikrn and UKG. Cant wait to see the results when they actually start to seriously market the Unikrn platform.
It is an important move, and anything that increases attention and availability of UKG specifically is of interest to me since I hold UKG. But as a concept I personally am not interested in a new crypto bank. Maybe the rest of the world is though. Why couldn’t Binance and Bittrex just add these services now that they’re in Malta?
Color me skeptical about yet another coin offering. With the money Bittrex and Unikrn brought in over the last year, they could build this out without a new fund-raising round. The conversion to a security is unique and possibly ground-breaking. I will be interested in seeing if other projects can go this route. Remember 85% of ICO’s are either scams or fail soon after launch. Remains to be seen where Palladium fits; strong team but they are trying to create a market that doesn’t exist. One that other players can enter quickly at the first hint of success.
We’ll see I guess. Still big on Unikrn, just meh on palladium.
I’m working on this. Your username has a few settings a little different than others. Sending you PM with some questions.