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              o entrambi) per facilitare le transazioni.</p>
         </div>
       </div>
+      <div class="col-lg-12">
+        <h2 lang="en" id="overview">Taler as seen by the mint operator</h1>
+        <h2 lang="de">Taler aus Betreiberperspektive</h1>
+        <h2 lang="fr" note="outdated"></h2>
+        <h2 lang="it" note="outdated"></h2>
+        <p lang="en">The mint operator primarily operates a Web service
+          portal and keeps databases with transaction details and
+          cryptographic proofs.  Its operational expenses are thus related to
+          its interactions with the banking system and the operation of
+          the computing infrastructure, while its income is based on
+          transaction fees it may charge for the various interactions.
+          Key interactions of the mint include:
+        </p>
+        <p lang="de" note="outdated"></p>
+        <p lang="fr" note="outdated"></p>
+        <p lang="it" note="outdated"></p>
+        <p>
+          <img src="images/mint.svg" alt="operator perspective" style="float: right; margin: 50px 5px 5px 5px;" width="50%">
+          <ol>
+            <li lang="en">Create a <b>reserve</b> based on an incoming
+              wire transfer from a customer.</li>
+            <li lang="de" note="outdated"></li>
+            <li lang="fr" note="outdated"></li>
+            <li lang="it" note="outdated"></li>
+            <li lang="en">Allow customers to withdraw (and refresh)
+               digital coins from their reserve.</li>
+            <li lang="de" note="outdated"></li>
+            <li lang="fr" note="outdated"></li>
+            <li lang="it" note="outdated"></li>
+            <li lang="en">Accept and validate deposits from merchants.</li>
+            <li lang="de" note="outdated"></li>
+            <li lang="fr" note="outdated"></li>
+            <li lang="it" note="outdated"></li>
+            <li lang="en">Execute wire transfers to merchants in
+               response to validated deposits.</li>
+            <li lang="de" note="outdated"></li>
+            <li lang="fr" note="outdated"></li>
+            <li lang="it" note="outdated"></li>
+            <li lang="en">Preserve and provide cryptographic proofs of
+               correct operation for audits by financial regulators.</li>
+            <li lang="de" note="outdated"></li>
+            <li lang="fr" note="outdated"></li>
+            <li lang="it" note="outdated"></li>
+          </ol>
+        </p>
+      </div>
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