News and updates!
By Joao on Wed, 07/31/2013 - 10:06
We are about to resume our payments and we would like to inform all members about recent changes in the project.
Firstly we find it important to address the legal part, especially the appearance of the company and our actual mission.
The development of the system is in progress and we'll provide a special solution that will allow 3rd parties to use our platform.
Competition in the industry puts us on a strong side and we look ahead of things to ensure DG remains strong and avoid possible impacts from payments systems and other services that we use for now.
The past week was difficult for all and we would like to thank all members for their continued patience during this period, our difficulties are about to end soon and we'll continue our successful performance as if nothing has ever happened within days.
We regret to note there has been an increasing amount of complaints and negative posts about DG regardless of our actions to minimize the impact of nearly $2mln loss which has resulted due to recent Payza actions.
Until now the situation has not been resolved but we are not kind of company that will let down expectation of our members.
Taking into account the requirements from the banks that will operate as processing entities.
Users will be required to accept Users Agreement along with new Terms and Conditions which will be updated shortly.
All conditions regarding payments will remain the same, our lawyers are addressing the needs for banks and they require our business model to be more transparent
Financial model of our business will be alligned such way to straighten out the relation between clients and DG
Members will be able to see updated legal collateral on our site within the next few days
Software sales and gain distribution will be clearly outlined in the User Agreement therefore we'll be changing the appearance of the company more into a "Software Company" to avoid misunderstanding with legal entities in the future.
Referral structure and commissions will remain the same however the website will be updated accordingly!
Best regards,
Digital Generation Administration
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The news and updates states what is happening to coingeneration and its planned changes in the coming days. It was stated that the Payza event had made 2mln losses for coingeneration.com and it really had affected the fluidity of the company. So i would think that it would take time to raise funds. Because of this some changes had to be made inside the company to make it more stronger and be a reliable business entity. They are now making arrangements with the bank for their accounts. Some changes inside coingeneration was about the legal part, terms and agreements and some features within the system.
