Thank you for your feedback, at the moment this is just an idea to help raise awareness of devcoin as no mobile network accepts cryptocurrency for pay as you go phone credit. also not just young people, but many that use pay as you go do do because they do not have access to a banking account to set up a contract with a provider. any of these people can set up a crypto account and those that have one already would find phone credit a usefull product to spend there coin on . just saying you can now top up your phone on any uk network using devcoin should get some attention. even if the site accepts other currencys also. to prevent copycats doing a better job and stealing the idea i have made a demo website that charges no fees or commision. juas accepting tips if you like the service just to see if there is any interest in the idea. buying airtime at a discount later could make it profitable and then switch to only accepting devcoin when there are some funds in the account and it is a little more known . any help or feedback is much appreciated. jasont wwwcryptocredit.co.uk and cryptocreditphones.com
Concept looks good to me. You may want to look at coinpayments.net as it's a checkout system a few devcoin ecommerce sites are already using and may make like easier for you? Alternatively it might add control-loss and delay factors for you, so it's a balancing act. I hadn't really considered the bigger picture inclusion aspect you refer to - those that aren't banked etc.
This is not to question the idea as I think it's a great one, just throwing thoughts at you.
One thought; how does someone without a bank account acquire crypto right now? Things are likely to change over time but if a significant proportion of the target group are the 'unbanked' or youngsters, not sure about the pragmatics of the potentially more vulnerable swapping cash for crypto in person. So - devcoin 'earners' aside - there might be a bit of an access loop to solve without becoming a money changer yourself (and you and I know just how flexible our gov is on cryptos to date). Maybe effecting a sort of swap - where somehow cash is switched for something else, then that something else is switched for crypto. I have to think about it more, I'm sure there are ways to do it if you don't already have one.
thanks for the heads up regards coin payments, been checking that out and seems like it requires a lot more information when placing an order as well as incurring fees both of which i am trying to avoid to keep buying a top up with as little clicks as possible . yes it is a balancing act with prices being so volatile and the reason why there is not a price listed in cryptocurrency for set price phone credit vouchers. it is up to the purchaser to enter enough currency to cover the purchase at that moment in time and then hedge that currency as soon as it arrives.
these guys seem to have worked out how to trade the differences on exchanges automaticly on a particular currency. bitcoin for example has a different price depending on what exchange it is selling from in the world . they are listed here
https://cryptostocks.com/securities/74 on ebay i constantly see top up vouchers going at a discount. how they do it i dont know but this is where i buy so there is a pound or so profit to be made selling these on for devcoin which covert to bitcoin then back to cash to do it again . this process is only going to attact more users of devcoin especialy if an airtime account was set up with a provider where you could buy more at wholesale prices. my aim is to sell ten pound credit vouchers for nine pounds when using devcoin. also preloaded sim cards when bought through a provider at a discount generates commisions every time that simcard it toped up again from any source. i am sure there is a devcoin oppertunity here somehow. also i think there is a system for those without a bank to recive money on a cell phone number even though they do not have a bank account.barclays pingit comes to mind but not sure how that works yet. lotof activity with that on bitbargain.co.uk
