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OTCbid - Bitcoin dream brewing in Tonga

" Bitcoin and cryptocurrency prices have surged into October after a difficult September, with the crypto market charging back over $2 trillion.

The bitcoin price is again nudging $50,000 per bitcoin after dropping under the closely-watched level in early September—even after Tesla TSLA 0.0% chief executive Elon Musk, one of the biggest boosters of the bitcoin price this year, issued a serious bitcoin warning.

Now, billionaire investor Chamath Palihapitiya has revealed he's poured "hundreds of millions" into bitcoin and predicts the bitcoin price will continue to climb as it replaces gold.



" A Tongan member of parliament hopes the country can copy El Salvador in adopting bitcoin as legal tender and pave the way for other Pacific islands to follow its revolutionary path, as enthusiasm for the potential of cryptocurrencies engulfs emerging economies.

Bitcoin advocate, Tongan MP, barrister and hereditary Tongan landowner Lord Fusitu’a says he will table an El Salvador-style bill for Tonga to adopt bitcoin as legal tender alongside the pa‘anga at the next state opening of parliament in May 2022.

The first stage of his plan for Tonga to adopt the borderless currency will involve using digital wallet Strike on the Bitcoin Lightning Network to help Tonga’s diaspora of 250,000 to 300,000 overseas workers send money back to its island population of about 100,000.

“Tonga is the highest remittance-dependent country on earth,” Fusitu’a says. “Between 38 per cent and 41.1 per cent of our GDP, depending on which World Bank figures you use, is remittances. So, nearly half our economy is money sent back from our diaspora.” - Read Full Article

Source: AFR


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

-12 Gross, -4% Net, Escrow, MT103, Bank of Montreal, Toronto, Canada, US

Buyer Mandate Only


NEW: 650K BTC @ -12% gross, -4% net, Escrow, MT103, Bank of Montreal, Toronto, Ontario, Canada, US - Look For Buyer

(Seller :  WIAN  SBUR-Link)

Post: 3.10.21

  • A seller is selling 650K BTC  @ -12% gross, -4% net

  • Buyer = 4% 

  • Sellerside = 4% 

  • Buyerside = 4%

  • First tranche = 100K BTC



  • 1. BUYER fills in the contract details and initials each page to validate the contract procedures are acceptable. (Amendments can be REDLINED in the agreement)

  • 2. BUYER or the authorized BUYER Representative and SELLER or the authorized SELLER Representative communicate on the execution of the transaction

  • 3. SELLER completes the contract details and initial each page.

  • 4. BUYER and SELLER shall execute the purchase agreement.

  • 5. Upon receipt of executed purchase agreement, the SELLER shall show proof of life for the entire amount of bitcoin within the transaction (650,000) via screen shot, Zoom call, or email along with wallet address and identification. The BUYER shall show proof of funds for the complete transaction amount (650,000 Bitcoin) via an active recent bank account statement of (USD/Euros) to SELLERS attorney via screen shot, email or MT199. This Proof of Funds and Proof of bitcoin shall be done simultaneously via Trust Officer at Bank of Montreal.

  • 6. Buyer to fund escrow of the amount show in the Proof of life.

  • 7. Escrow shall be third party escrow agreed to by both seller and buyer out of the UK.

  • 8. Seller shall conduct (wallet A to wallet B) test with a (Satoshi) for the amount requested by the BUYER or with the entire amount requested for the first tranche. Bank shall do simultaneous swap of bitcoin for payment via Bank Trust Officer.

  • 9. The Buyer shall pay the Seller Ledger to Ledger.

  • 10. SELLER shall then, after receipt of Ledger-to-Ledger payment, initiate placement of the first tranche of the (BTC) directly into the BUYER’s wallet, as well as COMMISSIONS according to the IMFPA to consultants. Buyer shall provide its (BTC) wallet information upon execution of the purchase agreement.

  • 11. SELLER shall provide evidence of said deposit of (BTC) after receipt of confirmation of the BUYER’s funds. SELLER shall also supply evidence of said deposit to intermediaries nominated bank account. Intermediary fees shall be distributed to the nominated IOLTA account attached as Exhibit “A”.

  • 12. Thereafter, BUYER shall confirm receipt of the evidence of the deposit in its wallet after six confirmations on the Blockchain.

  • 13. Steps 5-9 shall be repeated for subsequent tranches.

  • 14. Payment to intermediaries will be per the executed IMFPA. 15. Buyer will fund escrow once both parties have executed contract and Item 5 of 2.2.2 Transaction Procedure “MT103”: has been completed to the satisfaction of the buyer 16. Intermediaries will be paid based on agreed commissions between the groups.


Interested parties should contact :

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