[bisq-network/growth] Russia RUB / BTC Market Maker Bounty (#160)

ifarnung notifications at github.com
Sun Dec 22 23:29:11 UTC 2019


I have completed 5 trades in the RUB / BTC market and plan to claim this bounty.

Report:
Dec 21, 2019 I sold .01 BTC for 4561 Rubles.  The customer also paid using Sberbank card online transfer.  The trade was completed very quickly as they sent the money as soon as the blockchain confirmation was received.
Nov 23, 2019 I sold .01 BTC for 4766 Rubles.  The customer also paid using a Sberbank card online transfer.
Oct 7, 2019  I bought .01 for 5449 Rubles.  I sent money to the seller using the Sberbank online app in combination with their Sberbank card number.  There was some confusion as his payment method was setup without any account numbers.  Instead he sent the payment info in trader chat, and also wanted me to send to another Name and account number different from the one that made the trade.  He was just trying to send some money to someone he owed it to.  In the end, I sent the money to his account and he forwarded it to the third party.  Just his first time using the software and didn't know the exact typical process. Less than 1 day to complete.
Sep 28, 2019 I sold .01 for 5357 Rubles.  They paid using the Sberbank card. No issues. Probably about 1-2 hours to complete.
Sep 21, 2019 I sold .01 for 6376 Rubles.  They paid using the Sberbank card. No issues. 1 hour to complete trade as the Rubles come instantly.


So it's a very quiet market and very very little interest for Russians using BISQ based on this experience.  I also had displayed F2F markets for Saint Petersberg (second biggest city) and never had any interest except for a recent email that was very vague about 'doing business together'.  I'm still not sure if they need to buy or sell or quantity or price.

I didn't have any trouble with the Sberbank card payment method though I hear from others on BISQ that it could be troublesome.  Certainly they can censor your payments if they want to, but at least in my experience it's the most common way of sending money around electronically.  Many stores even use Sberbank payments like they use Alipay in China.  Smartphone to smartphone.

In my Ruble experiment, I was offering to sell BTC at 1-2% BELOW the market rate, and I was simultaneously offering to buy BTC for 1-2% above the market rate, and yet still only 5 trades in 4 months.  So it isn't a question of price, but possibly a question of awareness or trust that keeps anyone from using BISQ in Russia.  I don't know.


@flix Please point me in the direction of the live call that I can participate in, I would be happy to discuss a little further, and answer any questions. Thanks.

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