These are some of my ideas, some of them are implemented and Private invitation use of this service will start in the coming weeks. I can't give invitations out now as the system is still a tad unstable and there could be sercurity issues at this time(not that im aware of) but i'll have an expert look over the site before going from Alpha to Beta,
Trading like any other escrow does, but with our own trading platform, everything is automated, Seller initiates the escrow as they will have a wallet with us, deposits etc, and an mail is sent to buyer (internal messaging system on website like facebook private mail as an example) and transaction is complete with a faster transfer if not instant for internal wallets, and if the payment goes to an external wallet, then slower processing
Convert there BTC into local currency and vice versa
By having that conversion it allows the next implementable part, which is a Visa Debit card with NFC technology linked to their wallets, anything in there Local currencies that is in there wallet can be spent like any other , but if the person runs out of there local currency, then they dip into there BTC balance at an expense to them maybe a certain percent of the transaction, im still working on that as bit-coin value fluctuate badly or use a fixed rate fee? (EG. Conversion fees, processing fees, currency exchange fees etc etc), i as a company automatically purchase the bitcoins in this case, and re-sell them to make my money back
I've also teamed with a local company that specializes in NFC technology, they've agreed to provide me NFC terminals at a discount price as-long as its brought in bulk, this allows people to use my service and via Tap and Pay/Contact-less payment solution, or by Phones that take advantage of NFC technology paying in either BTC or Local currency, by default it will by local currency, if they are out once again its via BTC account balance with the fees listed above, they will also design the android app
That allows me to approach business's in my country and others, to accept bitcoins, this is because bitcoin currency is starting to exploding here, and becoming very popular with may consumers but not being able to spend it, no business accepts bitcoins here, but alot of people have them!
and im also looking at teaming with certain bankers as such that can give people in countries an option to do transfers out and into there accounts.
Im along way from completing all this but have atleast started the process with Visa, and the NFC company, and have started designs on the site
Any input and even criticism aslong as its in nice terms would be extremely
Topic: BTC-escrow BANK ideas feasible or not? (Read 569 times)
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