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OTC Deals

OTCbid - Banks Tried to Kill Crypto and Failed. Now They’re Embracing It (Slowly).

 

 

 

 

 

" Digital payments technology is forcing the financial system to evolve. Banks feel their power waning and want to regain control.

In 2014, as regulators in New York were exploring ways to control Bitcoin, executives at Wall Street’s biggest banks fretted that regulating cryptocurrencies would also legitimize them — and that could threaten the finance industry. So they tried to sow doubt.

At the World Economic Forum in Davos that year, Jamie Dimon, the chief executive of JPMorgan Chase, the nation’s largest bank, called Bitcoin a “terrible” store of value that was also being used for illicit purposes. At a meeting to discuss violations of Iran sanctions, H. Rodgin Cohen, the finance industry’s pre-eminent lawyer, warned the state’s regulators that the federal government was “very worried” about Bitcoin and its use.

Those efforts failed. New York’s Department of Financial Services began issuing licenses for Bitcoin businesses in 2015. There are now more than 75 million users of Bitcoin, up from around three million seven years ago, and the number of digital currencies has exploded. Globally, 220 million people use cryptocurrencies, according to a July report by Crypto.com.

" - Read Full Article

Source: nytimes

100K BTC BUYER AVAILABLE

" We get asked for millions of BTC from billion-dollar companies. We can do it with multiple sellers and multiple wallets."

- OTCbid

-7 Gross, -4% Net, MT103/72, B2B

Seller Mandate Only

- OTCbid.com
 
 
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NEW: 100K BTC with R&E @ -7% Gross, -4% Net, MT103/72, B2B  - Look For Seller

(Buyer : SKEB TOU-gail)

Post: 2.11.21

  • Buyer is looking for 100K BTC @ -7% gross, -4% net

  • Buyer = 4%

  • Buyerside = 1%

  • Sellerside = 1% 

  • Facilitators = 1%

  • First tranche = 20000 BTC

  • PROCEDURE:

  1. Seller sends a draft SPA. Within 24 hours, Buyer will fill out with Buyer´s required details, SIGN and return the SPA to the Seller. Within 24 hours, Seller will fill out all required details, SIGN and send back the SIGNED SPA on a PDF format.

  2. Proof of funds (POF) - Buyer’s bank issues SWIFT MT199 as POF to the Seller’s bank.

  3. Proof of coins (POC) - After Seller’s bank approves SWIFT MT199, Seller will perform Satoshi test.

  4. Seller will show readiness to proceed for the first tranche by sending a Satoshi test from his wallet to Buyer´s wallet. Seller’s source wallet must contain at least 1,000 BTC.

  5. Buyer’s bank makes conditional payment by Swift MT103/72 locked for 365 days with Face Value worth minimum 5,000 Bitcoins (BTC).

  6. After confirmation by Seller’s bank of the MT103/72 Swift notification, Seller transfers Bitcoins to the Buyer’s wallet(s) for the amount stated in the Swift MT103/72 through BLOCKCHAIN at the rate of the day -4 % NET discount. The transfer of the first tranche (Schedule in “Annex A”) BTC must be realized within 72 hours after confirmation of Swift notification. All following tranches will be released within 24 hours.

  7. After Buyer receives the BTC in his designated wallets and after  SIX (6) confirmations of the Blockchain: Please select and check one checkbox. Buyer can choose either:

  8. ☐ Bank immediately releases the conditional funds Swift MT103/72 to Seller's bank account for current tranche. 

  9. ☐ The Swift MT103/72 stays as collateral and the current tranche will be paid by Swift MT103.

  10. The commission must be paid by Seller to the agents under the IMFPA ________ listed in “Annex D”, which is included in this agreement.

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

  • SELLER MANDATE ONLY

Interested parties should contact :

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