OTCbid - Project Manager at Square Crypto Stresses Focus on Bitcoin in Twitter AMA

" Steve Lee, a project manager at Square Crypto — the crypto arm of the payments company Square — made a number of recent remarks that solidify the company’s emphasis on Bitcoin (BTC). Lee commented to this effect in the course of an “ask me anything” (AMA) session via Twitter on July 29.

Jack Dorsey had previously discussed how Square Crypto aims to develop the crypto ecosystem in general, and is taking steps to improve infrastructure for all — not just Square. " - Read Full Article

Source: Cointelegraph

NEW: 250K BTC @ -5% gross, -2% net, Tel Aviv, Israel - Look For Seller

(Seller: AA....KM)

Post: 30.7.2019



1. The seller confirms by his signature that he understands the below procedure and agrees with its wording. The procedure thus confirmed will be sent back to the buyer via e-mail or any other messenger ( WhatsApp, Telegram ).

2. The seller makes Proof of coins (POC) – it means that seller will prove the existence of the currency in his wallet for first tranche. In this case, a test transfer method will be used between the two wallets of the seller. First, the seller will inform the buyer about the exact balance in the source “A” wallet and then the buyer will specify the amount for the test transfer ( pls. asume amount 500-900 BTC) This transfer must be realized no later than 1 hour after the release of the test amount and the source wallet must contain at least 2,000 BTC. Immediately after the transfer to seller’s “B” wallet, the seller will inform the buyer of the transaction code either by e-mail or any other messenger (WhatsApp, Telegram) in order to verify the transaction on the Blockchain. If seller doesn’t accept A to B wallet test as above, it‘s possible also to perform the Sathoshi test with the volume specified by the buyer in advance. The source wallet must contain at least 2,000 BTC that are visible on

Please note that Satoshi or A to B wallet test sent from accounts (wallets) on other platforms that do not allow visibility of the total balance on are worthless to us!

3. In the case of a successful POC, the buyer will submit a draft contract to the seller. Once the draft contract has been agreed by both parties, contract will be signed and both parties will transfer the contract to their banks for compliance proces during which the buyer's financial readiness will also be examined


4. On the first day of transaction seller will show again the readiness to proceed for the first tranche by sending 1 BTC to the buyer‘s wallet to establish a connection between buyer‘s wallet and seller‘s wallet. This must be done on the day of transaction directly before buyer makes the payment via MT103/72 for the first tranche which will include the payment of this 1 BTC. 2

5. For all the following tranches seller sends specified amount of Satoshi to the buyer’s wallet from seller before current tranche, the source wallet(s) must contain at least BTC for current tranche.

6. Buyer will send a specification of payment order for the MT103/72 (VERBIAGE) and get the acceptance from the seller.

7. Buyer makes conditional irrevocable payment by MT103/72 for the current tranche.

8. After Receiving the MT103/72 Swift notification at seller‘s bank, the seller transfers coins to the buyer’s wallet for the amount stated in the MT103/72. The transfer of BTC must be realized within 45 minutes after receipt of Swift notification.

9. After the buyer receipt the BTC on his wallet and after the 6 confirmations of blockchain, buyer’s bank releases immediately the conditional funds MT103/72 to seller's bank account.

10. For additional tranches, steps 6 - 10 will be repeated until the total volume is settled.

11. The Commission must be paid to the agents under the IMFPA.

12. Upon completion of the transaction, the both parties sign the affidavit of successful settlement of the transaction.


Interested parties should contact :

WhatsApp : +1 786 254 6589





3 views0 comments



Telegram: +1 (786) 632 8577

Telegram @OTCbiddotcom


Trading Name: Chai Gallery

ABN 86 089 149 718

Martin Place Sydney Australia






OTCbid does not provide any financial advice, financial products or services. Bitcoin is not a financial product. According to ASIC, Bitcoin does not fit within the current legal definition of a financial product in Australia.


We match Bitcoin buyers and sellers worldwide. We coordinate large volume of these trades involving buyers/sellers who have accounts with reputable banks and institutions to make sure their clients are fully verified and abiding by regulations.


OTCbid desk deals involves extreme high risk with big whale bitcoin speculators and market price volatility that can contribute to an adverse effect on any investment in crypto assets. You should be capable of evaluating market volatility, the merits and risks of the investment. We advice you always do your own due diligence on bitcoin OTC desk deals of buyers and sellers or seek independent expert advice on what to invest on OTC desk deals, and be prepare to face the potential risk of losing your entire investment portfolios. Always invest the amount that you can afford to loss.

Our OTCbid desk deals should not be interpreted as an endorsement of each OTC deal. This platform is not a trading investment advice or any recommendation to trade. You trade at your own risk as cryptocurrency OTC deals are speculative, complex and involve significant risks. Always engage your own independent crypto expert advice, before relying information on this platform. You should also verify your own trading deals including its legal status and relevant regulatory requirements as part of trading strategies. Lastly, always conduct your own due diligence to protect traders from the wide variety of scams and schemes that target OTC trades daily.

*Disclaimer: All contents here are for educational/information purposes only and should not be considered investment or trading advice.

OTCbid does not provide any investment, financial, tax, legal or other professional advice. We recommend that you consult with financial and tax advisors to understand the risks and consequences of buying, selling and holding Bitcoin.