Monday, October 22, 2018

Using SBLC's

Seller #1
Seller of very large amounts (in the several millions). They are the Owner of the coin. They do daily trade settlements for their clients, which can actually perform spot trades directly through them and have the price locked in to settle even next day, as opposed to other OTC's which are not able to offer this. They purchased bitcoin anywhere from 200 - 16,500, so they must average dollar down and their discounts are negligible as a result. They work on a floating market rate using a CME benchmark. They emulate FCA regs, so this is very secure. What I had proposed to you is instead of using their escrow model, where discounts start at -1 for bitcoin (XBT) being in the 6,000's and going up incrementally to -5 from 10,000 market rate price and up. So the discount right now is -1 with 1/2pt commission.

*Note* My offer for having a bank to issue an SBLC is ideal for Buyers, offering a HUGE DISCOUNT because the discount is the difference between what the Buyer purchases the paper for and the allotted monetized rate of 75, less the granted fees for the consultants. It alleviates some serious potential issues, such as money being frozen, due to paying for crypto using fiat per that jurisdiction. This matter is more serious in some jurisdictions than others. This is something most do not understand, so I strongly suggest they give this opportunity of payment method a chance with the Buyer. The minimum amount of SBLC for new issue for 1yr 1 day from a top bank like HSBC or Barclay's London is 100M. (If you, as a Buyer were able to purchase 75M worth of bitcoin value for somewhere between 30M - 65M, would you do it?). How big of a discount could this actually turn out to be? (This should be a no-brainer)!

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