Call for Payment Facilitation Service Providers
Due to the decentralized nature of DXdao, issues arise around paying contributors across the globe. This signal proposal calls for facilitators to offer their services to DXdao and pass a proposal on-chain to be approved as an official DXdao payment facilitator.
A number of contributors face challenges working for the DAO, as a variety of legal and tax questions arise regarding invoicing and VAT collection. This puts excessive burden and cost on contributors. If a solution is at all available, it is likely to differ per each country.
As DXdao grows, it requires more robust links to the real world. Facilitating payments to contributor is a core requirement for the functioning of the DAO. And such an activity should be geographically resistant and distributed, to avoid a single-point of failure. DXdao should facilitate payments to ensure contributors are able to collect payment easily.
This signal proposal is a call for proposals for service providers to offer their services to DXdao, the following information should be included in any such proposal:
|Taxes||Amount or % of taxes incurred|
|Fees||Fees charged by service provider|
|Jursidiction||Jurisdiction of incorporation of service provider|
|Banking / FIAT offramping||Access to offramping crypto to FIAT?|
|Banking jurisdiction||Jurisdiction of banking partners|
|Service type||Ad-hoc or top-up|
In the interest of geographical independence, it would be preferable to have a number of service provides across the globe. Preferably, these would not be in tax havens (OECD / EU non-cooperative jurisdictions for tax purposes) as that would complicate accepting payment for contributors.
Moreover, due to volume being the key driver for such service providers to be sustainable, DXdao shall choose a service provider in the following regions:
After a service provider has been approved by the DAO through on-chain governance, DXdao will be carrying the service provider fees for contributors. Contributors are, of course, free to use other services at their own cost.