ECurrencyZone bitcoin exchange for India, Nepal, Bangladesh, Malaysia, Singapore

Sounds interesting. Let me check them out. This countries are gold mines as a lot of their citizens transfer money back to their families and currently most of them use services like Western Union.

Quote from: Stephen Gornick on August 23, 2012, 10:37:15 AM

ECurrencyZone has apparently been offering exchange to and from bitcoins since they became Bitcoin-compatible in April.

This service is also useful for using bitcoins to send remittance payments to India, Bangladesh, Malaysia and Singapore. Bitcoins may be purchased with cash deposit at banks in these countries and in Nepal as well.

Their list of exchange methods brings some very interesting opportunities.

Here are some Bitcoin firsts:

EGOPay - This is a cash-only payment system (like Liberty Reserve, non-reversible) owned by Payza (formerly AlertPay). ECurrencyZone will cash out to EGOPay, and is the first exchange to do so.
Cash deposit in India, Bangladesh, Nepal, Malaysia, Singapore - There is one other cash deposit method in India (Mr. Bitcoins) but that is only for a single bank (HDFC) whereas the list of banks ECurrencyZone has accounts at for deposit are many.
Citibank global funds transfer - No other exchange accepts transfers from or cashes out to Citibank global funds transfers.
Cash out as domestic bank transfer in India and Singapore. Cash out where cash is deposited to the recipient's account in both of those two countries as well as in Bangladesh and Malaysia.

Also, they take Liberty Reserve as funding for Virtual Credit Cards (VCC) [Edit: for a specific, limited use]. (Not sure why they don't take Bitcoin, maybe they just didn't update that page.) A VCC can be used for online purchases. It may ~~also~~ only be used for verifying a U.S. PayPal account or Payza account. (Yes, it is that easy. Which also helps to answer why PayPal sees so much fraud.)

They also take Mt. Gox redeemable codes (USD) for any remittance transfer and for most other conversions.

- http://www.ecurrencyzone.net/buy.php
- http://www.ecurrencyzone.net/sell.php
- http://en.bitcoin.it/wiki/ECurrencyZone

[Just a caveat, they are an unknown so far here on this forum, and my cursory check online didn't find much on them either good or bad so any feedback with first-hand experience with them is welcome.]

Topic: ECurrencyZone bitcoin exchange for India, Nepal, Bangladesh, Malaysia, Singapore (Read 3788 times)