extend faq (clsoing #5226)

1 files changed, 74 insertions, 0 deletions

diff --git a/faq.html.j2 b/faq.html.j2
index edf3da60..6d00a729 100644
--- a/faq.html.j2
+++ b/faq.html.j2
@@ -73,5 +73,79 @@ for which customer.</p>
 
 {% endtrans %}
 
+
+<h2>{{ _("How much does it cost?") }}</h2>
+{% trans %}
+
+<p>The Taler protocol allows any exchange to set its own fee
+structure, allowing operators to set fees for withdrawing, depositing,
+refreshing or refunding coins.  Operators can also charge fees for
+closing reserves and for (aggregated) wire transfers to merchants.
+Merchants may choose to cover some of the fees customers incur.
+Actual transaction costs are estimated around 0.001 cent/transaction
+(at high transaction rates, amortized over billions of transactions,
+excluding migration costs). Note that this is an early estimate,
+details may depend on hosting and backup requirements from the
+regulator and could thus easily be 10x higher.</p>
+{% endtrans %}
+
+
+<h2>{{ _("Does Taler work with international payments?") }}</h2>
+{% trans %}
+
+<p>Taler's wallet supports multiple currencies, but the system
+currently does not support conversion between currencies.  However,
+in principle an entity that accepts deposits in one currency and
+allows withdrawals in another currency could be created. Still, the
+regulatory hurdles in this case tend to be particularly complex.
+The focus for Taler is on day-to-day payments, so we have no plans
+to support currency conversion in the near future.</p>
+
+{% endtrans %}
+
+
+<h2>{{ _("How does Taler relate to the (European) Electronic Money Directive?") }}</h2>
+{% trans %}
+
+<p>We believe the European Electronic Money Directive provides part
+of the regulatory framework a Taler exchange with coins denominated
+in Euros would have to follow.</p>
+{% endtrans %}
+
+
+<h2>{{ _("What bank would guarantee the conversion between Taler coins and bank money in regular bank accounts?") }}</h2>
+{% trans %}
+
+<p>The exchange would be operated by a bank or in cooperation with a bank, and that bank
+would hold the funds in escrow. Note that this bank could be a regular bank or a central
+bank for a centrally banked electronic currency. Regardless, the bank would fall under
+the respective banking regulations establishing a reason why consumers would have faith
+in the conversion from Taler coins into regular bank money.</p>
+{% endtrans %}
+
+
+<h2>{{ _("To whom would consumers complain to in case of non-conversion or non-compliance?") }}</h2>
+{% trans %}
+
+<p>Any exchange should be audited by one or more independent auditors.  Merchants and
+consumer wallets will report certain issues automatically to the auditors, but auditors
+may also provide a method for manual submission of issues.  The auditors are expected
+to make their reports available to the respective regulatory authorities, or even
+the general public.</p>
+{% endtrans %}
+
+
+<h2>{{ _("Are there any projects already using Taler?") }}</h2>
+{% trans %}
+
+<p>We are aware of several businesses running exploratory projects or having
+developed working prototypes. We are also
+in discussions with several regular banks as well as several central banks
+about the project. That said, there are currently no products in the
+market yet, and we believe this would be premature given the state of
+the project (see also <a href="https://gnunet.org/bugs/">our bugtracker</a>
+for a list of open issues).</p>
+{% endtrans %}
+
 </div>
 {% endblock body_content %}