I have been thinking about an idea for quite sometime now, and BlackCoin might be the perfect fit. Many miners do not have bank accounts and it is a pain to convert cryptocurrencies into fiat. I have an acquaintance in the financial industry and we have worked on a few projects together. He has access to some really cool financial products for corporations. I discussed this idea with him already and now I want to test the waters here and see if there will be some demand before thinking about moving forward.
If you could convert your BlackCoins into a virtual Visa/Master Card that you can use online, or even a custom physical BlackCoin Visa/Master Card for US/Canadian residents, would you guys be interested in that service? There will be a fee somewhere in the neighborhood of $7.00 - $10.00 per virtual number/card. If this is something you guys would be interested in, he could put this on fast-track for me so I can be approved and I could have something up and running quickly.
If there was strong support I would consider keeping it BlackCoin only which would force other people interested in using the service to first convert their other coins into BlackCoin.
Please let me know what you think and all feedback is welcome.
Could be good, but honestly the greatest thing about cryptos is there is no need for banks and blackcoin's strong point isn't going to be point of sale(it might be who knows). I would much rather see some kind of Blackcoin Bond or something like that. BC doesn't yet have the established based to support it, but if BC could make it to that point it would be massive news.
TLDR point of sale is good but BTC does it better, lets focus on value creation >>>> bank bond denominated in BC? fuck yes !
You make some good points. The problem is it will take a few more years before altcoins are widely accepted, and right now I can't buy much with BlackCoin unless I convert into BTC first. So all roads lead through BTC. I want to offset that by giving users more options with their BlackCoins. So for example: Lets say you have $2000 worth of BlackCoins and you want to buy new clothes and your budget is $300. For you to buy clothes with a budget of $300.00, you will first have to convert into BTC, and then you either have to find a merchant that accepts BTC or have your BTC sent to your bank. In some cases this will take up to 4 days.
My idea elements all of the hassle for BC users. Once you have the BlackCoin Card you can add funds to the card whenever you want without all of the converting. Then you can use the card wherever you want because almost every merchant accepts Visa/Mastercard.