CHOICE :: A Liberated Payments Protocol - NEM Community Fund Proposal

Thanks Sateetje, great to have you guys on Telegram :100:

The goal is to have anyone, anywhere in the world paying each other and merchants regardless of what country or bank (or crypto wallet eventually) those funds originate from. We’re using the NEM blockchain to reconcile fiat value transfers at first with the Choice protocol, and empowering banks with a compliant way to remove dependence on credit card networks to facilitate day to day transactions.

Cheers for your support!

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Great feedback , thx. So far you have my vote for sure.
Just one thing. Nem’s drop past 0.75 usd and look like it’s going down. Would you need to increase nex amount request ?

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Thanks joseng :+1:
We’ll will wait until the new proposal guidelines are released by the Foundation before opening up votes, and if the price hasn’t corrected we will adjust a small % after asking the NEM guys for guidance :slightly_smiling_face:

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What does that mean exactly?
Could you explain for which parts of your system you will use mosaic transfers? For instance are you using mosaic transfers on the public chain for regular payments? Also what exactly is the “Choice protocol”. Is that just marketing speak or are you actually developing a second layer protocol on NEM?

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Kia ora Mexxer,

As defined in our "Choice solution” the architecture diagram explains an overview of the mosaic acting as a token that will facilitate the transaction between the crypto-fiat world.


Think of the Choice mosaic like a ping-pong ball between banks, customers, merchants and Choice - it records the value transfer in a transparent immutable way, facilities fast transaction throughput (off the credit card network) and enables this to be done utilising smart contracts on the NEM blockchain. The precise interaction of this between the Choice mosaic, banks, merchants and customers will become our protocol which will be the communication network and structure that facilitates the crypto/fiat on/off ramps with the NZ banks - in a regulatory compliant process (AML, KYC etc.).

Thanks for your contribution and any other insights on how we could further optimise this would be greatly appreciated.

Regards,
Alex

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Fraser from Choice presenting at the NEM Auckland New Zealand Meetup last week


Thanks to all of those who came down!

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Check out Alex’s video introduction to Choice, and please stay tuned for updates and details on voting! https://www.youtube.com/watch?v=9cyyY-SLZ3g

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The Choice team has just touched down in Wellington, New Zealand! Kickstarting the Kiwibank Fintech Accelerator - New Zealand’s leading financial technology accelerator! We are pumped to get underway and launch Choice in the coming months :slight_smile:

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@alexmccall
For when is your community vote scheduled?
Waiting with the voting for the new NanoWallet update with Voting Center active? As of today, the 2.0.14 from https://nem.io/downloads/ still has is “under maintainance”. :roll_eyes:

Choice has landed at Creative HQ :rocket::tada:

The team is getting settled into New Zealand’s leading financial technology accelerator - keep your eyes and ears posted as we will be launching the voting on the Choice community proposal within the next week :100::rocket:

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@r3n3 We are looking to schedule the start of our voting for this coming Monday 19th February :alarm_clock::tada:We do not have certainty on when the update will be released so we are looking to not let this hold our progress back, we are currently in discussions with @n3lz0n, @nzminer & @jason.lee to get this off the ground :rocket::tada:

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“Kiwis making Kiwis better off” - that’s why we’re partnering with Kiwibank to deliver a better way to pay for New Zealand.

Check out our interview with Peter Fletcher-Dobson from Kiwibank below :slight_smile:

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Alex & Fraser caught up with Peter Fletcher-Dobson from Kiwibank earlier in the week - we are excited about the partnership!

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Choice - Working with New Zealand Banks and Regulators to bring a tangible blockchain payment protocol to life

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CHECK IT OUT :film_projector:

Alex from Choice was fortunate enough to catch up with Alex from NEM Insider earlier in the week, check out the full interview below - Congrats to all of the NEM Global Hackathon Winners!

The Choice Telegram Channel is where you can join the conversation!

The team at Choice would like to announce an update to our Community Fund Proposal - Please see below

We believe this is the most respectful and fair way to launch NEM and Choice into 2018 and beyond - we would love to hear your comments

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Im happy with this amount given the current market conditions.

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:white_check_mark: :white_check_mark: Polling is now open for our proposal through the NEM NanoWallet Voting feature (located under Services).

Please use the poll address: NDZLLL2IIBNWUUH77GM66PJZ4XU5F7SBMUODTML4

If you find the Voting feature has been disabled or you have not updated your NanoWallet, you can still vote by sending a 0 XEM transaction directly to one of the addresses below:

To Vote Yes send 0 XEM to:

NAPDDMVPMIM255LV44I2DH26NNL2SXZA5Y2BMUYC

To Vote No send 0 XEM to:

NATB6SBX7Q6B77L62WRZNDZ4YBWDYBDXULKY6OMS

Thanks NEM community for all of your support to date!

Thank you NEM community for voting so far! We cannot wait to bring another project to life with NEM