Update August 2020 : We are out of Stealth mode and the new website is live at paywith.glass paywith.glass is intelligent global financial infrastructure, built to empower billions of people to transact instantly, with currency fluidity, from anywhere on Earth, at any time. This infrastructure is designed to move value , regardless of currency used. With paywith.glass, all currencies (fiat or crypto) are treated as equal. In theory, with a fully functional live network, it will be possible to use your crypto currencies, air miles, pre-paid mobile credit or rewards points to buy anything, anywhere as easily as you can with fiat currencies. Our platform also eliminates the latency that comes with using other blockchain solutions for retail applications (eg bitcoin's dinosaur network) since regardless of the currency, crypto or fiat, all transactions are quickly, securely and reliably executed in real-time. You could receive/deposit one currency into your wallet and make payments in another, transparently. This is currency fluidity in action. A few things to clarify, this is an infrastructure solution, not an app, not a wallet. Our early public demonstrations showed potential applications of the underlying technology which at the time was still under development. There will not be a paywith.glass branded wallet, card nor app in the same way you do not find VISA or Mastercard branded cards. Like VISA and Mastercard, our logo will be a co-brand used to indicate that a product or service is compatible with the paywith.glass network. This is underlying financial infrastructure that will power existing and upcoming mobile applications, PoS platforms, hardware devices and solutions/services for global financial transactions. There will be a developer community launched in the coming months to allow fintechs and others to build on this new network but in the meantime, we are conducting pilots with banks, fintechs and other regulated financial institutions. https://paywith.glass -hatter

Our native currency is the Stellar Lumen (XLM) which we call the GlassCoin. Through blockchain technology, paywith.glass makes banking and payments seamless and extremely convenient regardless of your chosen currency or favourite banking/e-commerce service. All transaction processes are completed quickly, securely and reliably through the Stellar network which makes them so transparent, it's like you're paying with magic Glass Coins, from your own portable bank vault! Please explain how does it work!

[unknown] Thanks for the enquiry. In a nutshell, you create an account with our platform and automatically it creates a stellar account for you in the background. Unless you choose to view your advanced properties, you won't see your stellar public key and seed or memo fields etc, you will just see the user-interface which keeps things clean and simple. You can have XLM sent to your account from any other stellar wallet using the federation address and it will appear in your GlassVault (our wallet). You can also send BTC, NXT, USDT, EURT, EQD and other cryptos to the provided addresses (much like you do on exchanges) and they will appear in your GlassVault once the relevant confirmations (I'm looking at you Bitcoin) etc have been completed. The same goes for sending from your Amazon account using Amazon Pay or from your bank account using direct deposit or via your debit card. The GlassVault displays your balance in whatever currency you have chosen, whether it's USD, GBP, XLM, EUR, BTC etc and you can change the currency with a swipe which gives you real-time exchange rates without fees. From here you can send money to anyone with a GlassVault directly, or to anyone's Stellar wallet. We are working on agreements with vendors including larger retailers (the first list will be announced early next year - I was just corrected by head of Biz Dev) and once they are onboard, you can use the mobile app or just use the web browser app on your tablet, laptop or phone (so long as it has a camera or NFC) to pay at their PoS directly from your GlassVault. That swipe to change currency feature really comes in handy when you travel. If you're in the US and your balance in in USD, you won't have to worry about incurring foreign transaction fees when you go to London for example. You just swipe to change your balance to GBP and then paywith.glass and they will get GBP. The only number you need to worry about is the Exchange rate. It means that your currency transactions whether crypto or fiat are all transparent and the vendors don't have to care if the money came from your card, bank account, bitcoin wallet or air-miles for that matter. As long as it the asset can be traded and we can find satisfactory support for it, we can add it and you can buy with it, all thanks to Stellar's blockchain and market maker capabilities. -hatter

Right, it seems very cool. But it would be even cooler if I could send money to you and get BTC, USDT and USD assets backed by paywith.glass and fully movable and tradeable on the Stellar network and later cashed out from you. Is that something you plan to do or already support? It doesn't seem hard as soon as people are trusting you with their real-world assets. Also, which fees do you charge? Do you have any (beta?) users already?

[unknown] I believe they're using XLM directly, not a token, and just calling it by other name.

[unknown] @fiatjaf is correct, GlassCoin is simply a marketing reference to refer to the Lumens used as fees in the underlying technology. As an asset, Lumens appear as XLM in your GlassVault, we only use the name GlassCoin on the site to illustrate that the Lumens+Stellar blockchain with regards to the way the system works are transparent. We don't have our own token and there is no purpose for our own token in this network. Rest assured that all the standard symbols/currency codes are used for the 29 currencies we support - GBP, XLM, BTC, BCH, NXT, USD etc etc. [unknown] Right, it seems very cool. But it would be even cooler if I could send money to you and get BTC, USDT and USD assets backed by paywith.glass and fully movable and tradeable on the Stellar network and later cashed out from you. Is that something you plan to do or already support? It doesn't seem hard as soon as people are trusting you with their real-world assets. We anchor the currencies we support so yes we could issue the assets on the Stellar network and make them tradeable on the decentralized exchange. We already unofficially support EQD and EURT that are issued in that manner but we have not decided yet if we will issue assets for those which are already there or just issue new tethers for those that are not yet in the market. We will gauge market demand after it's been in production for a few months and see which route makes the most sense. Options are being discussed internally at the moment but don't worry, we'll meet you half-way ? -hatter

Just a little update... so we're almost ready for the limited public beta but it seems that someone at Google feels a bit uneasy about it. Let me qualify that statement... earlier this year I was recruited by Google to build a version of our distributed data centre technology for them. I turned them down to focus on my own startup instead. They tried again this time offering my choice of cities for re-location among other perks and again I turned them down. Then I noticed something weird, our SEO had suddenly become less effective to the extent that some of our brands when searched for on google would yield a result on page 3 or further when the first pages were filled with ads linked products that in some cases didn't even have the same name in their graph. I thought it odd but didn't make a big deal about it. Then this happened this morning: https://www.blog.google/topics/shopping-payments/pay-with-google-and-speed-through-checkout/ Remember they own the '.google' tld and paywith.google has already passed through DNS servers... so of all the things they could have chosen to call it.... As I was saying, someone at Google feels a bit uneasy about us... -hatter

hatter Hey, I think you're a bit delusional, mate ? They've announced "Pay with Google" in May on Google I/O and I don't see anything wrong with that, logical name after "Log in with Google" Whatever happens I don't think they would retaliate through ranking algorithm, it's not that easy and they don't do that for Apple and Microsoft, who are you?! Anyway, don't give up, you're building a great thing!

umbrel it wasn't branded in May at I/O and they could have called it any number of things. On the topic of ranking algorithms, we are not the first to suffer this fate at the hands of Google, I can assure you and as for why they won't do it to Apple or MS, vs the little guy... I thought that would be obvious. The little guy can't throw a $20M team of lawyers at them. -hatter

hatter it wasn't branded in May at I/O and they could have called it any number of things. They did mention "Pay with Google" name. hatter On the topic of ranking algorithms, we are not the first to suffer this fate at the hands of Google, I can assure you and as for why they won't do it to Apple or MS, vs the little guy... I thought that would be obvious. The little guy can't throw a $20M team of lawyers at them. Maybe you're right, but I usually look at this as another conspiracy theory

umbrel umbrel Maybe you're right, but I usually look at this as another conspiracy theory and this is why it continues to happen... rampant dismissal and disbelief before giving it any real though or doing the research is the same as sitting silently by and knowing for a fact that it is happening. "To sin by silence when they should protest makes cowards of men." - Abraham Lincoln -hatter

Announcing paywith.glass - Intelligent Transaction Infrastructure

hatter

bitcoingold1234 Have a look at your Spam/Junk/Bulk mail folders just in case. From our end, everything is working just fine afaik.

-hatter 🎩

hatter

We have pitched at the Holland Fintech event as previously mentioned and we have won the People's Choice award for best pitch. So I would say it's safe to assume, the fintech scene of The Netherlands is now aware of paywith.glass and apparently likes what it sees.

Up next, our Startupbootcamp Demo Day and then the Money20/20 Startup Academy.

-hatter 🎩

CryptoPlanet

hatter Awesome! I wish you expand your business all over Europe
I think Money20/20 might be a very promosing event in terms of meeting potential clients

hatter

CryptoPlanet Thanks.

That is our plan. We start in Netherlands and expand from there. We are also talking to banks in other countries but will announce that later when those conversations get a bit closer to completion.
In the meantime, this is the official Holland Fintech post-event post.

-hatter 🎩

hatter

So we have had our Startupbootcamp Demo Day which was quite a success.
You can view the full video here.

-hatter 🎩

hatter

We have published a 3-part series of articles entitled The Second Financial Revolution, which illustrates the vision behind paywith.glass:

Part1: https://medium.com/@paywith.glass/the-second-financial-revolution-part-1-b8452329c0e

Part2: https://medium.com/@paywith.glass/the-second-financial-revolution-part-2-7f2ec59e91e4

Have a read, feel free to comment.

-hatter 🎩

hatter

We have produced our first promo video, this is the full length cut and we are fund raising from the end of June 2019.

Have a look at the video here and let me know your thoughts:
This is the first cut (full length) and there will be shorter edits for our new site and for other uses.

We are considering the use of a voice actor although early feedback is divided. Some believe a voice actor will cost us the emotion that comes with narration by a founder, others think a voice actor brings more professionalism, let me know what you all think.

-hatter 🎩

hatter

Hi all, just to update those who are still following our progress, we are hard at work refactoring the core code of paywith.glass and have already implemented a few security enhancements at the design level in the process.

There is more to come including a a few non-blockchain database enhancements that will see improved security and performance of the legacy database that resides under the hood alongside the Stellar DLT integration. We will keep everyone posted on the progress and will be making announcements of our first pilot partners in the coming weeks.

-hatter 🎩

samuelconner

hatter I enjoyed reading your story here. Great example of where hard work and determination can lead. Keep up the work and please continue to keep us posted. Your project sounds promising.

hatter

samuelconner Thank you @samuelconner .

We are making great progress on this side despite several challenges along the way (par for the course I suppose #startuplife).

We have inked seven (7) Letters of Intent (LoIs) so far with financial institutions and a teleco and we go live with our first paid pilot in December 2019. Unfortunately, the terms of the LoIs prohibit us from publicly naming names until such time that we make an official announcement of the commencement of a pilot. What I can say is there is a Clearing bank among the list and one of the other institutions has a market of 14M users which we will be serving at the start of that pilot. I can not publicly say any more than than that at present but do keep an eye on this thread for more.

In the meantime, we are fundraising via Leapfunder so please feel free to register (it's free) and back our project for shares if you are interested. It is all coming together nicely now after a long hard road and we just need funding to get through the next phase. If anyone at Stellar is listening, we could use a little assist. Feel free to reach out via PM.

I am not sure if I had already announced this but we are now officially a Dutch company - Let's hear it for all of the Brexit refugees 😀

More information to follow, including new website launches, additional publicly listed paywith.glass validators and the severely delayed launch of our long overdue Public API, so stay tuned...

-hatter 🎩

hatter

Hi all, getting a few steps closer to launch.... We have just posted our Round 4 entry for SCF. Please have a look there for updates.

-hatter 🎩

hatter

We are out of stealth mode, backed by NVIDIA's Inception program and Startupbootcamp.

Welcome to the intelligent future of money!

paywith.glass has also been classified as a viable Retail Central Bank Digital Currency Architecture by the BIS.

BIS Classification paywith.glass

Join the conversation on Telegram.

hatter

A little update:

paywith.glass in the news:

We were recently featured in Daily Finance's top Fintech companies in the Netherlands.

Here is a quick 60-second demo video featuring some functionality of our mobile super app engine and a little glimpse of our dashboard:

More to come, keep your eyes on our project in the Stellar Community Seed Fund, learn more about paywith.glass on:

Crunchbase
LinkedIn
F6S
Medium

and feel free to join the discussion on Telegram.

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