Topic: [ANN] 700,000 Cash Deposit Locations in Brazil, Russia, USA - BitInstant - page 8. (Read 58463 times)

Stage 1: Bitcoin doesn't have useful systems built for it.

Stage 2: Bitcoin has useful systems, but they are relatively expensive.

Stage 3: Bitcoin has useful systems, and they are relatively cheap.

Stage 4: Bitcoin takes over the world.

We're in Stage 2, building systems where none existed before. Give it time, and you will see prices come down. Bitcoin allows the baseline sending of money to be near-zero cost, and thus it is inevitable that affiliated service providers will tend toward cheaper rates than those available in non-Bitcoin systems.

Not likely, i think. "Bitcoins will start flowing into those countries" through the same or similar expensive middlemen. It might not be BitInstant, but some other local one.

So, even if exporters in the developed countries are willing to accept B from the developing world, the average consumer won't be able to afford to buy Bitcoins to spend.

If it's expensive for some of us in the developed world to buy B, it will not "start flowing" to the average consumer in the developing world...

It MIGHT be a new niche value store for the wealthy of both worlds, just as gold and such are today, but not a widespread payment system...

Doesn't seem promising to me. 

The developing world is the key. There are a lot of people who don't have access to modern banking and/or are getting gouged by remittance services. Once bitcoins start flowing into those countries all of a sudden they'll have the ability to purchase products and services from overseas they couldn't before and that's how exporters in the developed countries start getting paid in bitcoins.

With the current fee structure, i think it will be a long time before Bitcoin, not to mention Bit-Pay, is widely accepted.

It's simply too expensive to convert fiat to Bitcoin, not to mention too complicated and time-consuming for the average consumer. So, even if pawn shops accept B, it's not cost-effective for the consumer to pay in B instead of paper, credit cards, and other current devils we already know.

Right now, there are so many expensive middlemen, such as BitInstant, Bit-pay, etcetera, that B is more costly to use than credit cards, not to mention cash.

Calculate for yourself how ridiculously expensive it is just to get fiat in your pocket to an xchange via this CVS/Walmart/blahBlah method. You might win OR lose due to the large xchange rate fluctuations. Plus, unlike paper, it's not anonymous whatsoever...

Due to these costs, i am done with using large xchanges to buy B, unless i absolutely have to.

In the existing environment, we simply replace expensive middlemen like credit card companies, with new expensive middlemen, such as Bitinstant, ZipZap, BitPay, bitcoin xchanges, etc.

The governments are allowing it, because the average consumer would have to be a fool to use B instead of fiat, and pay the Bitcoin middlemen. So, B isn't a threat to fiat now, or in the foreseeable future. IIIFFF and WHEN it ever becomes one, the governments will just make it so that the middlemen have to charge even higher fees to xchange fiat to B...

Until i can get paid in B, i would only buy B privately, and you all know that's not easy, cheap or convenient either for most people. There isn't a private exchanger within 100's of kliks of me.

Good luck with widespread adoption given the current xchange middlemen! 

I've seen it mentioned before on this thread that people outside of the US can still pay through Walmarts if they're available in their country, is this correct? Does anyone know if this would work in England within the ASDA stores? (Since they're a subsidiary of Walmart).

If you are able to use Bitcoin to send remittance through payment centers and banks, then it will add an order of magnitude of legitimacy to Bitcoin. Before long we'll be seeing Bitpay at pawn shops.

We have something coming but I can't go into full details just yet

I'll definitely pay with cash next time. 

So, does it take about three business days for the check to clear?
(Also, responded to your PM.)

Hey,

Ok, but please use cash next time, and let us know when you do.

We operate 24/7 so as soon as it clears, we will send the coins.

Im sending you a PM, pelase read ASAP

Charlie

Ah. That makes sense. I don't need the coins immediately, I can wait.

Is that business days or just (regular?) days? Will I receive the coins on Wednesday or Monday?

Hey,

Your issue is you wrote a check, now we have to wait 3 days until it clears. It's not TrustCASH for nothing 

The customer in the newbies thread and I have been speaking via email.

Thanks!

Charlie

So, on the Newbies thread someone posted (https://bitcointalksearch.org/topic/m.983040) regarding an issue of not getting their coins for more than 12 hours.


I have recently suffered from the same problem, I thought it was caused by writing a check rather than depositing cash directly, but I could be wrong.


I have also received exactly one email regarding my recent transaction, that is my invoice to take to the bank from TrustCash.

Does anybody happen to know what the matter is? Who should I contact here?

Any chance there is an update?  Not being pushy with the time frame, just very excited!

When I was 11 I was still too cool to get this joke - I was listening to 2 tone

Damn, a Tutone reference. You beat me.

Go with 867-5309 instead, most cashiers are too young to get the joke.

In that case my number is 555-1212. 
It drives me crazy when a store demands phone or even SS#. I would never even consider giving them real info. I keep several identities just for this purpose. Or I ask for the teller's SS# in return. They never go for that. 

I went to a local, independently owned convenience store that was listed on the Zip Zap website as the closest one to me. They were not a moneygram location AFAIK.

When I got home I emailed zipzap support and they told me to pick a different location near me and go there.

I picked one that happened to also do Moneygram payments and everything there went off without a hitch.

Hey,

We get 50+ orders a day from this.

Which store did you go to? Did you go to the Moneygram desk? There are instructions on the slip!

Should have called/email support from the store

Charlie

How have people's experiences been using this new feature? I just tried for the first time today to deposit at a convenience store and got blank stares from the tellers. They told me to come back later when their boss wasn't too busy to talk to me because they had never heard of zip zap payments before.

I only tried at one place, so maybe my experience was unusual.