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OTCbid - Square buys $50 million in Bitcoin, believes that this is the currency of the future




" Square is a giant American financial services, merchant services aggregator, and mobile payment company with more than $4.7 billion in revenue just in 2019. It was founded by Jack Dorsey, the current CEO and co-founder of Twitter. Dorsey has been a big fan of Bitcoin for quite some time, even calling it the 'best Internet currency' once. 

According to the official announcement, the company has invested $50 million, purchasing approximately 4,709 Bitcoins. 

We believe that bitcoin has the potential to be a more ubiquitous currency in the future, said Square’s Chief Financial Officer, Amrita Ahuja. As it grows in adoption, we intend to learn and participate in a disciplined way. For a company that is building products based on a more inclusive future, this investment is a step on that journey

This is not the first crypto investment from Square. Previously, the company launched a Bitcoin trading App in 2018 and formed Square Crypto in 2019, a team focused on contributing to the Bitcoin open-source development. " - Read Full Article


Source: FXstreet





50K-300K+ BTC SELLER AVAILABLE

-6% Gross , -2% Net, MT103, Bank, Vancouver

Look For Buyer Mandate Only


NEW: 50K-300K+ BTC With R&E @ -6% Gross, -2% Net, Bank, Vancouver, Canada - Look For Buyer

(Seller : KL PA)

Post: 10.10.2020

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  • A seller has 50K-300K+ BTC @ -6% gross, -2% net.

  • Buyerside = 2%

  • Sellerside = 2%

  • Minimum tranche = 5000 BTC

  • First tranche = (First tranche 50K BTC to receive -6% GROSS discount)

PROCEDURE:

​​​

  • PAYMENT MODE: PAYMENT SHALL BE MADE BY BANK TRANSFER VIA SWIFT MT103 CASH WIRE TRANSFER OR TELEGRAPHIC TRANSFER (TT) TO THE SELLER’S NOMINATED BANK ACCOUNT. DUE TO BITCOIN MARKET PRICE FLUCTUATIONS, PAYMENT SHALL BE MADE WITHIN TWENTY-FOUR (24) HOURS.

  • 1.) Seller send a draft SPA and, in some hours, Buyer fill with all details as well CIS/KYC & sign and then return the SPA to the Seller. In some hours, Seller fill & sign and send it back to the Buyer on a PDF format.

  • 2.) POF and POC will be exchanged during a video call for protection of information for both sides:  Proof of Funds (POF): Buyer provides Proof of Funds (POF) with current date to Seller for verification.  Proof of Coins (POC): Video with the special code name given by the buyer and present date.

  • 3.) Upon the acceptance of the both parties, they will set the transaction and get started according to what step 5,6,7,8,9 , 10 to be in place.

  • 4.) Buyer has to submit his receiving wallet straight to the Seller thru a video call and/or private chat.

  • 5.) Seller issues the invoice for the agreed amount of BTC first tranche

  • 6.) Buyer's BO will send MT199 Pre Advice 1 day prior to the payment date to the Seller's BO notifying the bank of the upcoming payment.

  • 7.) Upon receipt of the payment to Seller´s designated bank account (in Indonesia), Seller will release within one hour the agreed amount of BTC to the Buyer´s wallet and Seller will then provide the screenshot to the Buyer as a proof that the BTC has been sent.

  • 8.) Buyer and Seller will be on a Video Call while sending bitcoins to buyer's receiving wallet after the confirmation of the Buyer's payment to designated Seller's account.

  • 9.) Buyer will have to wait on a standby until the six (6) confirmation is complete and bitcoin (BTC) is sitting in Buyer´s receiving wallet. Buyer will make it known to the Seller that he has his coins arrived in his wallet by providing the screenshot.

  • 10.) Seller pays commission to all involved parties according to the annexed IMFPA-XXXX and move to the next tranche of the SPA if there will be any.

BUYER MANDATE ONLY

Interested parties should contact :

​​

  • OTCbid@gmail.com

  • DM Raymond Chai (on Linkedin)

  • Telegram @ OTCbidcom

  • Telegram: +1 (786) 632 8577

  • OTCbid.com

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