[BS] KSM #568 - Stage 2: Drive massive adoption with the first 20,000 physical debit cards for LatAm led by kusama (new 20,000 holders over 1 y...
Terminated 
terminated
Description

https://kusama.subsquare.io/referenda/568

  • Bloque wants to make Kusama the top network for debit cards, starting in Latin America.
  • They plan to issue 20,000 VISA debit cards using Kusama Asset Hub.
  • Users can spend KSM and other tokens at stores instantly.
  • Expected monthly spending: $10 million, earning Kusama $20k in fees.
  • Developers can create their own branded cards and earn fees.
  • Costs include $107,707 for cards and $72,000 for engineering.
  • Bloque covers $134,760 for operations and compliance.
  • Works in Colombia and Mexico first, with global options later.
Appendants
1
#1
13d ago

🟢 6 • 🔴 2 • ⚪️ 1
Vote #1: AYE
10 available members.
No CoI reported. DV delegation exercised.
https://kusama.subscan.io/extrinsic/29514744-2
https://kusama.subsquare.io/referenda/568#3

Optionssingle

Votes·9

1ZSP...vx6w
1ZSP...vx6w
1ZSPR3zNg5Po3obkhXTPR95DepNBzBZ3CyomHXGHK9Uvx6w
Aye
Aye

Appreciate the dedication of the proposers to have a dialogue, listen to feedback and show their dedication to Kusama and achieving meaningful impact for the network.

14Gn...YLEh
14Gn...YLEh
14Gn7SEmCgMX7Ukuppnw5TRjA7pao2HFpuJo39frB42tYLEh
Aye
Aye

The feedback provided by the team behind the proposal, as well as the demonstration of the various realistic scenarios carried out by the team, have made me reconsider my position on the proposal.
While I still maintain my position that reaching a volume of $10 million is somewhat unrealistic given what was proposed, I believe that the alliances, strategies, and ideas that the team has come up with are truly valuable and can help Kusama achieve an interesting transaction volume.

13ED...KQbF
13ED...KQbF
13EDmaUe89xXocPppFmuoAZaCsckaJy3deAyVyiykk1zKQbF
Abstain
Abstain

As far as we know there's not on or offramp provider for Kusama. That means users would need to purchase KSM or USDC on Polkadot and move it over. Not sure how this works exactly.

12s6...nE8h
12s6...nE8h
12s6UMSSfE2bNxtYrJc6eeuZ7UxQnRpUzaAh1gPQrGNFnE8h
Nay
Nay

We agree with Ezio. There are serious doubts about the proposal’s ambitious assumptions. It seems unrealistic to get 20k users spending $500/month. Let's be realistic. Nay for now.

12Hi...E9N3
12Hi...E9N3
12His7t3EJ38tjdBbivUzWQeaNCLKfMqtKp1Ed3xHMyCE9N3
Aye
Aye

After reading the replies on our discussion section as well as on the proposal itself and watching their AAG presentation I believe this initiative should be supported. I still think the $10M volume is unrealistic but it's a well-thought out business plan with clear objectives that drives adoption in the LatAm region, we can't really ask for more than that I think.

14gM...deVb
14gM...deVb
14gMJV95zwxUsFEZDSC8mtBVifS6SypKJkfBKANkMsLZdeVb
Abstain
Abstain

Abstain due to lack of knowledge.

15fT...yBzL
15fT...yBzL
15fTH34bbKGMUjF1bLmTqxPYgpg481imThwhWcQfCyktyBzL
Aye
Aye

I've been generally supportive after our office hour call with the proposer. Their dedication to sustained close communication responding to some of our members' concerns is commendable. I understand that some of the targets may not seen realistic, but I think this project is a good candidate for enhancing adoption. Aye.

1xzc...1bX6
1xzc...1bX6
1xzcLSwo7xBFkJYZiL4EHaqFpuPTkH641E3V43W4cuk1bX6
Aye
Aye

This is an interesting project. We are willing to give them the benefit of the doubt and see the results.

12Kt...DCoJ
12Kt...DCoJ
12KtA8mtfsK1CyQb4utLiwG3ao22z77w2cM2GqnaL2RiDCoJ
Aye
Aye

Let’s make it happen. It may carry some risk, but even if it doesn’t fully hit the intended targets, it’s likely to generate demand - far better than sinking funds into efforts that create none.

Discussions·12

No current comments
Information
Members
11
Timestamp
Created
Jul 24 2025 22:49
Start date
Jul 24 2025 00:00
End date
Sep 22 2025 00:00
Results
Voters
9
one-person-one-vote
Aye
6 VOTE
 
Nay
1 VOTE
 
Abstain
2 VOTE
 
© 2025 OpenSquare. All Rights Reserved.