DXSupport Notice: Several months have past since our last update and much has been happening in the background to progress to the next big stage in our development. As many of you have probably heard, Global Digital Transfers Inc (GDT) has been granted the telecommunication license here in Vanuatu that has been needed to implement many of our services that require a larger set up here. In our last report we mentioned that GDT was providing the software and security to a number of new e-currencies, well this has now been completed, and the first payment service and e-currency is ready to be released. Federal Gold will be the first payment service to be released and this will be followed by a series of other payment services that will form a complete interconnecting industry. GDT has been monitoring the e-currencies at arms length for several years and also learning the hard way with loses in virtually all of the closed payment services including losses in the current running e-currencies due to their lack of internal security (which, is currently under investigation). We have held back on joining the e-currency industry for a number of years while waiting to develop the best possible system so that the industry can go forward. Presently the main e-currencies are skating on thin ice with the way they operate which confirms what we realized some five years ago that if the industry was to survive it would need to operate the way authorities expect and use a business model which establishes itself as a world standard and that can merge with an existing banking industry. There is an important role for the e-currency industry to play in providing an operating platform to the Internet world that the banking world can and will only dream about. We have set a business plan in play that we are not able to easily change and need to continue the development to release the range of services that make up the major keys of the economy. These services include services such as DXConnect (a social networking service) that has a wide scope to become involved with groups and individuals. DXConnect will enable people to upload topics of interest for others to view on a public showcase and create discussion groups that have a “forum†and/or “chat†type of format. The DXConnect Messenger is currently being tested and is proving to be quite a versatile service with ‘one to one’ message communications. We are however requiring more users to get online and assist in testing the service to provide good feedback analysis for load testing and benchmarking. The core operating functions behind DXConnect are similar to that which will drive other DXSynergy services including DXAuctions and a wide array of others. The ‘dXposed’ advertising service is now fully operating in the DXDaily, DXSystem and DXConnect and our marketing team our now focusing on directly working with advertising agents and businesses to use our services. Already DXBusinesses can create a campaign and watch in real-time the views of their advertisements. The roll-out steps are becoming much quicker now that we have the co-operation of the government departments and the telecommunication license with our DXGlobal Payment Console (DXGPC) now being able to be cleared for full operation including the ClaimXchange where businesses will be able to claim the bonus percentages from their customer payments which will go a long way to covering the cost of using credit cards or various payment methods. We anticipate the availability of the ClaimXchange on the DXGPC in the next 2 to 3 days. We have included a new diagram to the overall flow of how all the payment services and the DXServices will integrate with the DXSystem utilizing the DXMerchants in much of the process. With the DXSystem being a ‘user to user’ based service up to now this will begin to merge into a fully backed service with the Federal Gold Reserve holding all values across the full network of e-currencies and payment services. DXAuction and the full upgrade of DXShopping will soon be clear to release after the new payment services are introduced. It has been important that the full payment options be available to both businesses and customers with escrow for a secure product for payment service.
News Article Details Article ID: 150 Article Date: Thursday May 10th 2007 10:27:00 PM (UTC +11:00) Article Publication: Public Article Title: DXSystem Service Update News Article Content To further update all the DXUsers in the progress of the services being developed for the DXSystem we have compiled some details of what has been released and upgraded over the last months and what is in line to be released. Since January the DXSynergy website has grown up to present itself with a new face that gives a more quieter image than we had before and the object is to have a base where many of the services could be viewed from but also position the security for the number of services that will be operating from DXSynergy. Our initial DXShopping service was released in January as a free showcase for items listed in the DXInventory and since then a full upgrade has been designed and is near to being released. The upgrade of DXShopping has been designed and fitted with more features to help the merchant list and display their products. We received many requests for more promotional material to add to websites and marketing links so DXFocus was designed to provide a tour of many of the services giving a brief summary of what the services had to offer. From the DXFocus our teams moved on to the "dXposed" advertising service where for small or large budgets a business merchant can have a series of image displays in our DXConnect, DXDaily or across the DXSystem services. Our DXConnect was the next release in April and it has been well received even with the few features that it was introduced with so far. DXConnect was introduced to provide a separate social network where users can join up and contribute to topics of interest and show to the world what they feel is worthy to display. The Messenger service has settled in well and this will be an ideal way to communicate with groups when the full service is introduced. Along the way the DXGPC (DXGlobal Payment Console) has had an upgrade and now is operational for businesses to use the ClaimXchange, which is where a merchant is able to "Claim" a bonus against their customer sales. This is a great way to recover the charges associated with receiving customer payments through the many payment options that the DXGPC is also able to offer. There are still a lot of great things to come from the DXGPC as we push towards the business market. This brings us up to the current time and what services are about to come online. Given the number of projects that our development team are often working on they have isolated their focus over the next weeks to prepare the introduction of the new e-currency payment services that are under license with GDT to provide the security and software. The payment services operate independently to the DXSystem however there will be a number security features that will operate across the services as a central control. Along with the new payment services the DXMerchants Network is being upgraded to form part of the activity with all the payment services other than their Xchange processing. The DXAccounts and DXPortfolios are being set to operate with DXGold Standard and will also be adaptable to work with Federal Gold Reserve as a separate currency. The accounts and portfolios will be able to receive and spend FGR funds and transfer in and out to any of the new payment services at ease. The DXAuctions is a feature service that has been held until other services were introduced, as it will operate with many of them. The DXAuctions has taken advantage of many new technical advances in the design by the development team and the service will not only offer the basic auction type that's currently available but also will take the next leap and provide live auctions in real time. By live we mean you will be able to feel more part of the activity not only with one auction but at any number of auctions and keeping on top of the action with up to the second updates. Auctions will not be the same again with better purpose built features for safer payments between the buyers to sellers using a "Pay Caddy" with built-in escrow. We have the DXAuctions coming online after the release of the first payment services and the DXAccount and DXPortfolio upgrades. More updates to come.