New e-wallet has been so widely discussed pre-launch that its debut is almost an anticlimax
London-based Seed Capital Ltd has launched its much discussed new e-wallet service YouTeller in the UK, but surprisingly is showing some reservations about whether its servers can handle the traffic!
Following various publicity attempts on Internet message boards and YouTube (see previous InfoPowa reports) the new venture has already been extensively discussed by online gamblers and found wanting in the transparency department, which may now be addressed following the launch.
In a press release, parent firm Seed Capital Limited commented that new customers will be able to register a YouTeller.com account only at a member's invitation.
"Our servers could not handle the traffic if we open our doors for a public sign up. But it is our first priority to provide our customers with a stable service and a reliable support", says Florian Schweitzer, spokesman of the London-based technology company, adding: "YouTeller.com follows the GMAIL model. It will be a community-based payment processor".
During March, YouTeller.com will invite 1 000 customers, who have already signed up during the pre-registering period. Public account registration is "not planned within the next few months" he said.
Schweitzer believes that their "Euro 150 per account and transaction limit" will help them to be "...not interesting for terrorists or other criminals".
"Our target audience is people who play community-orientated online games like poker, chess or role-playing games. People who need instant and worldwide payment processing," said Schweitzer.
The network-orientated registration process has a second advantage: The security system can track attempted money laundering attempts easily. Schweitzer emphasizes that they will cooperate with national and international institutions in cases of money laundering without prejudicing their customers' privacy.
"We will not give anybody access to our customer's personal information except when a court or government regulators require us to disclose information about them. In this case we will disclose only the information which is required", declared Schweitzer.