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Add "Buy LAND/Collectables with Credit Card, ACH or Bank Account" Feature

RejectedPoll

Proposal Details

Author0xdede…404e
PublishedAug 06, 2021 00:42
Voting beginsAug 06, 2021 00:42
Voting endsAug 13, 2021 00:42
Snapshot#Tm8fa9T

Description

Ability for users to buy LAND/Collectables with Credit Card, ACH or Bank Account in a regulated, easy to use manner.

Voting Power

01M2MRequired to pass08/0608/0708/0908/1108/12
YesNo

2 Comments

taldorfAug 09, 2021

This seems like something that any company with the capital to submit asset custodian paperwork (in whatever region they wanted to operate in) could set up, but is not necessarily in the interest of the DAO because assets purchased would concentrate in a single address. The person to do this would be a lawyer of some kind or a financial institution with existing licenses in their region imo.

MorrisMustangAug 07, 2021

Land and collectables are priced in Mana. Where would the dollar to mana exchange take place? Are you suggesting that the DAO becomes fiat exchange? Who would deal with chargebacks and customer support related to credit card payments? Would there be a markup on the land or collectable since credit cards take a fee just to transact? I can see why you might want such a thing, but this is crypto, and where we are going, we dont need credit cards.