Minexcoin Development Updates And Discussion

Discussion in 'Cryptocurrency News (HAPPENING!)' started by gbolahan, Apr 17, 2018.

  1. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

  2. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

    The first set of card should be out before the ending of this month if no some problems and the card will lag like a week before it start working
  3. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

  4. gbolahan

    gbolahan GBOLAHAN Crypto Guardian


    We are pleased to announce that we’ve made a deal with ČSOB bank for the first MinexPay cards.

    ČSOB is one of the largest commercial banks operating in the Czech Republic since 1964. This bank has enhanced its considerable experience with openness towards forward-thinking technologies such as blockchain.

    We are glad that ČSOB will be covering the banking side of MinexPay services.

    More news is coming up, stay tuned!
  5. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

    Today,Jeff burton - co-founder of EA , was in minexcoin office
    photo5305257464058456676.jpg-Minexcoin Development Updates And Discussion
  6. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

    You can watch the video about the AR game mnx are developing.
  7. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

  8. icoinvest

    icoinvest Jackobian

    Currently, the cryptocurrency has large drops, so I do not recommend it to anyone.
    gbolahan likes this.
  9. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

    Nov is not far to see what they are upto
  10. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

    We have been having new update daily now,today's update is all about what is going on in the backend development of minexwallet

    MinexPay Development Update (September)

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    As you know, MinexSystems is a company working on a wide range of blockchain products. And even though we’ve been recently focusing primarily on MinexPay cards, they’re part of an entire complex system where all solutions are interconnected in one way or another.

    Today, the highlight is on MinexWallet, a product that allows storing your crypto assets online without installing a desktop version and that is as secure as traditional wallets.

    We are continuing to develop MinexWallet as a complete platform for working with MinexPay cards. For this purpose, we are adding the card functionality to the wallet, the beta version of which has been tested by our community. We will then connect the bank API with this functionality at the same time creating support services to ensure the work of this platform.

    And we will top it all off with some MinexWallet’s development updates!

    Connecting Synchronizer with the Bitcoin blockchain
    In the first version, we are implementing the Bitcoin blockchain for the private and public testing purposes. Synchronizer is our internal microservice-middleman that provides an interlayer between the blockchain and our microservices needed for the wallet’s operation.

    This is what we’ve been facing so far: the Bitcoin blockchain is currently 280 GB. We are running all these blocks through our Synchronizer, and it takes a significant amount of time — already a couple of weeks, considering that we are using all our servers. Currently, we’ve already passed 250,000 blocks, so the halfway point is already behind us — yet not without issues.

    As it is an external blockchain, we need to be sure of security of our users’ crypto funds and successful transactions. Our Synchronizer has gone mad once it has found two blocks with the same transaction on the Bitcoin’s blockchain. This issue has been resolved in the Bitcoin blockchain, but it has left the traces in the network. Therefore, we had to change the logic of our Synchronizer for the Bitcoin blockchain.

    Setting up a Bitcoin test net to test the wallet
    During this process, we have re-compiled our node because during installation it was adding extra peers, which were listed in the code of the Bitcoin network.

    Finishing touches for the functionality of bank operators
    In some cases, you cannot bypass operators’ work, such as identifying suspicious payments, their validation, and handling some manual payments. Although users do not see them at work, it is still being done. Our internal functionality can ease the operators’ work. After testing is complete, these processes will be automated.

    And this is it for today. Stay tuned! More updates and news are coming in the meantime.
  11. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

    As you know minexcoin has announced the partner with bank but the bank has denied the contract and here is the official statement from minexsystem about the misunderstanding.

    Note:CSOB is one of the largest bank in Czech republic

    MinexPay official statement: ČSOB bank partnership
    Dear community, we have faced a misunderstanding regarding our relationship between MinexSystems and ČSOB bank. As you know, we have recently revealed the news that we have successfully signed a contract with the bank for our card project, MinexPay. However, the bank has posted a short statement denying this contract. We want to clarify this situation in this post.

    Chain2pay company, registered in Estonia, has obtained licenses for working with cryptocurrencies. There is a valid contract between Chain2Pay and card program manager. At the same time, there is an agreement between the card program manager has a deal with the card issuer. Finally, the card issuer has a signed contract with the bank.

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    MinexSystems is working directly with the card program manager that is acting as a bridge between our company and the bank.

    In this situation, the card program manager has announced the name of the bank. And here’s where the misunderstanding arises, as the bank has no information about the MinexPay trademark.

    Currently, we are negotiating with the bank to clarify the situation.
    Prezzy likes this.
  12. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

  13. Prezzy

    Prezzy Leader Protector

    They just have to go and register their company and trademark. It may be easy elsewhere but I doubt that our people here in Nigeria will understand what Minex is doing
  14. Prezzy

    Prezzy Leader Protector

    Good luck to Minex. I see they are persistent and I wish them the best!
  15. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

    MinexPay official statement about recent events with card manager company and bank partnership:

    Dear community,

    As you may now from our past posts and announcements, we have signed a contract with a card manager company as an intermediary for Chain2Pay (MinexSystems' subsidiary) to issue the first MinexPay cards in partnership with the bank.

    According to the contract terms working card program (including the cards issued and sent to us) would have been launched not later than on the 24th of October to our costumers' pleasure.

    As soon as this date have passed, the terms were not fulfilled and misunderstanding happened between the bank and us. We had to terminate the contract and suspend a relationship with the intermediary as suspicious. We want to abstain from comments regarding the third party's workflow, despite we fully understand it caused unpleasant consequences such as disinformation and certain accusations. Regarding the contract termination we will take down the bank mentions from our social media channels and blog as irrelevant (today EOD), the bank notified.

    We hope that all the affected parties, especially the bank and our community, will take this information with understanding.

    We want to point once again that in spite of difficulties we continue our work for MinexPay cards and, as MinexSystems CEO previously mentioned in our Telegram chats, successfully found new partners that value transparency and honesty to make it happen in the legal landscape for which we stand.

    With regards,
  16. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

  17. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

    Minex Web Wallet for MinexPay PUBLIC TEST STARTED

    {filename}-Minexcoin Development Updates And Discussion
    Dear community, we are now at the crucial stage for moving further with MinexPay. Minex Web Wallet public test officially starts. We would like to invite you to join us and test your payments!

    Minex Web Wallet as the Key to Smooth Operation
    Smooth operation of Minex Web Wallet is the most important element of the MinexPay ecosystem. There are currently a lot of discussions underway about crypto cards — but what is in fact a crypto card? Generally speaking, since there aren’t any existing cryptocurrency banks, crypto cards must resort to using fiat money (USD dollars or Euros). It means that cards with the real balance in bitcoin in any bank account cannot yet exist, but it is possible to provide users with an opportunity to use their cryptos as regular money with a special service.

    In MinexPay’s case, such service is Minex Web Wallet. It ensures flawless operation of our subsystems that exchange, transfer and control all the money movements in the wallet itself. We designed it to relieve MinexPay users from such inconveniences as waiting for too long next to an ATMs.

    Another advantage of MinexPay is if the wallet subsystems work impeccably, we can add virtually any card as the issuer does not matter. Such design also doesn’t really require a contract with a bank unless we are ready to issue branded cards. Precisely for that reason, we decided to initiate a public test with the typical fiat cards. We chose PrivatBank Mastercard euro currency cards.

    Disclaimer: PrivatBank cards cannot be treated as crypto cards. Cryptocurrencies will not be sent to the users’ bank accounts as the exchange will occur with the help of our liquidity providers. These cards will be issued personally for each individual who would like to participate in the Minex Web Wallet public test and have passed bank’s KYC procedure. Therefore, we can test all the subsystems without the bank partnership freely and in law at the current stage.
    Naturally, MinexPay users will still get a new MinexPay branded card after the test complete. We believe that this test will confirm that everything is set up correctly and our Minex Web Wallet will work as intended — fast and easy. In addition, given the design of the Minex Web Wallet service, Chain2Pay considers an option of connecting users’ own cards to the Minex Web Wallet in the future.

    How do I participate in this public test?
    If you would like to test Minex Web Wallet, contact our support team at support@minexsystems.com. We will provide you with details how to schedule a visit to our office. We will hand out all the cards directly to our users. However, we would like to emphasize that we look forward to welcome people from all over the world at our office. Therefore, we would love to select users from abroad and we will be happy assist them with arranging their visit in any way we can.
  18. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

    Hey guys,people are getting their test card and it has been working flawlessness. Check some videos of the test here

  19. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

    Hello Jackobian, it been a while here. on latest update about minexcoin,unbranded mastercard has been shipped worldwide for only first batch which is 1000 pieces,next batch would be in end of January or early February.

    Minexpay is now in a delicate state which will determine the future of this coin and the ecosystem. The question now is that will minexpay be ban in couples of months or not?
    Prezzy likes this.
  20. Prezzy

    Prezzy Leader Protector

    Expect some ban. In some countries. But don't forget that there are crypto friendly countries out there too
    gbolahan likes this.
  21. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

    But they started their development of card project after monaco and tenx got ban.

    Some users have received their card and it is upay crypto business card which can be issue worldwide
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