Thread: platform..

I like the idea Beagle, Thank you :) Once it is in the trading platform we can trade stocks, forex or whatever. Great idea!

anonymous -
I'm not sure if you are quoting me because you think I'm referring to VAT? If that's what you're thinking then yes "you misunderstood something". I am not referring to VAT - I am simply showing how the "trading platform" payment system would work.

VAT would have worked like this - One giant deposit to VAT's payment system... who knows how much - then VAT would have sent money from VAT to your account - every time they made a transfer they would actually charge a percentage (big percentage) of the amount you were transferring.

The trading platform will also charge fees but they would be more inline with standard wire transfer fees.

Is it real or a rumour? I don't know. However, I do know that a lot of P*ps employees are not privy to all of Bryan's business dealings.

Hi Beagle.

Thanks and Congratulations on your explanatory Post.

It is the most Logical way for Bryan to go.

Wow No going thru other Payment Gateways.

Just direct to your Bank Account.

I heard a couple of days ago, that something was in the air, and about to happen.

The only Hold up with it was on the Technical Side.

Once it was Online, there would be No More WD Woes, just Unlimited Money.

Looking forward to it Opening up.

Regards.

Beagle,

Great idea, wonder if BM's aware of it. :D

Actually this "trading platform" was not my idea... I got this from a source inside P*ps, and I was told this is supposedly what BM is working on...

Again, I haven't personally spoken with BM about this, it is just what one of his people told me... and by the way, he was also the one that gave me the explanation of how it would work compared to VAT.

Still could be an "inside P*ps" rumour because so many are floating around... I guess even the P*ps employees may have their own rumours going. :roll:

It would be great if it becomes real.

Originally Posted by Adster

Beagle,

Great idea, wonder if BM's aware of it. :D

I'm sorry, but where have you guys been? That ideal has been on the table for months. That is how VATS was to work or as Beagle said any other platform. My guess that VATS is not being used might have to do with the fact that VAT is located in the USA. If Picpay were to fund it with millions of dollars, it might be vunerable to a federal agency suggesting rather nicely that VATS freeze the account. The agency would request it in such a way that VAT would understand if they didn't, there could be repercussions against them. Believe me they would freeze the account.

Originally Posted by mercyme

Originally Posted by Adster

Beagle,

Great idea, wonder if BM's aware of it. :D

I'm sorry, but where have you guys been? That ideal has been on the table for months. That is how VATS was to work or as Beagle said any other platform. My guess that VATS is not being used might have to do with the fact that VAT is located in the USA. If Picpay were to fund it with millions of dollars, it might be vunerable to a federal agency suggesting rather nicely that VATS freeze the account. The agency would request it in such a way that VAT would understand if they didn't, there could be repercussions against them. Believe me they would freeze the account.

Duh, didn't BM know they were in the USA?

This is kind of becoming funny... KIND OF...

Okay I am speaking about 2 completely different possible payment options.

1. VAT (not happening) One big account "bucket" that Pips could have dumped all of their money into. VAT would then have taken over distributing money from VAT to individuals, (you and me) through means of electronic transfer that would have actually acted like an electronic check (ACH). VAT would have charged big percentages every time they transferred money from the P*cp*y bucket to you. Some have said 20%? Doesn't matter so much because this idea is dead. It ain't happenin' - done - over - period.

2. "Trading Platform" (this is not like VAT) This is a completely different system than anything discussed over the last 8 months. This is new. This is not an old idea. Okay - now moving forward - LOL -

The "trading platform" has a "bucket" which P*ps/P*cp*y transfers a big chunk of money into... Then we (you and I) get little buckets on the same "trading platform". BM/P*ps/P*cp*y stay in control of their money "bucket" (unlike VAT) and P*ps can make transfers from their "big bucket" to our "little buckets".

As someone posted earlier, you can then do whatever you want to with the money in your "little bucket". You could trade commodites, forex trade, or send it home, doesn't really matter, once the money is in your "little bucket" it's yours to keep... but "trading platforms" are not "banks" they are not "brokerage accounts" and they move billions of dollars for clients every day.

To get the money into your bank account you would request a check from your own "little bucket", and the bank would see it as a check from your "trading platform" account to you. Banks would not have to worry about any involvement of BM/P*ps/P*cp*y. It would just look like it was coming from an account you control to your own bank account.

Also this gives BM still the control over the money in the "big bucket" trading platform account. Whereas VAT would have had total control of the deposited money if they would have received it.

I know this is a long friggin' post, but if "what's his bucket" - LOL - actually puts this in place (which is supposedly what he is NOW working on) it will be much, much, better than VAT would have been.

Thank you beagle for your clear explanation. I'd think its only feasible after BM clears up P*PS image and satisfy all the reg. requirements. Otherwise it could only be applied in the short run and probably lead to more problems w/ governments in the future. They could intervene and investigate brokers of such platforms.

BM working on - last I saw it was GN. Get your inside stories straight lol :lol: