Instant Deposit CASH, Dwolla, Paxum, LR, into BITCOINICA.com [BitInstant.com]

Gareth Nelson

hero member

Activity: 721

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Quote from: matonis on January 29, 2012, 04:37:59 AM

Thanks for that, garethnelsonuk. How can BitInstant grow beyond the volume that it has to capitalize on its own. Do you plan on having 'credit' accounts at some of your endpoints or will transfers ultimately become less Instant?

This is something that is both vague and not an appropriate subject for public discussion anyway.
Vague because it entirely depends on current market conditions. We might require a credit line on one day and have repaid it all the next day for example.

Yankee (BitInstant)

legendary

Activity: 1078

Merit: 1000

Charlie 'Van Bitcoin' Shrem

Quote from: matonis on January 29, 2012, 04:37:59 AM

Thanks for that, garethnelsonuk. How can BitInstant grow beyond the volume that it has to capitalize on its own. Do you plan on having 'credit' accounts at some of your endpoints or will transfers ultimately become less Instant?

Everything we do will make transfer MORE instant!

matonis

sr. member

Activity: 303

Merit: 251

Thanks for that, garethnelsonuk. How can BitInstant grow beyond the volume that it has to capitalize on its own. Do you plan on having 'credit' accounts at some of your endpoints or will transfers ultimately become less Instant?

Gareth Nelson

hero member

Activity: 721

Merit: 503

Quote from: matonis on January 28, 2012, 12:20:44 PM

Quote from: Stephen Gornick on January 28, 2012, 04:25:50 AM

BitInstant is helping to create a new global money transfer system -- where the whole is greater than the sum of its parts.

+1
I agree, it's like the old correspondent banking where a bank has multiple accounts at other banks around the world. I wonder how BitInstant does their load balancing across the system. It will be great when the max limits are raised too.

One thing I don't understand is why BitInstant doesn't just do the arb trades themselves which would probably make more money than the transfer fees they make from others doing the arb.

There is a plan, the plan requires that we help other traders out.

I personally do the odd bit of arb now and then, but only in small amounts and as a personal thing, not via BitInstant. I have used BitInstant with personal accounts only for testing except for a single order where I paid the same fees everyone else does (of course I do also get back my cut out of those fees, but you get the idea).

The Plan™ is a longterm one to get bitcoin working really well for purposes beyond speculation and arb trading, so doing pure arb ourselves would be pointless.

matonis

sr. member

Activity: 303

Merit: 251

Quote from: Stephen Gornick on January 28, 2012, 04:25:50 AM

BitInstant is helping to create a new global money transfer system -- where the whole is greater than the sum of its parts.

+1
I agree, it's like the old correspondent banking where a bank has multiple accounts at other banks around the world. I wonder how BitInstant does their load balancing across the system. It will be great when the max limits are raised too.

One thing I don't understand is why BitInstant doesn't just do the arb trades themselves which would probably make more money than the transfer fees they make from others doing the arb.

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

BitInstant is helping to create a new global money transfer system -- where the whole is greater than the sum of its parts.

Yankee (BitInstant)

legendary

Activity: 1078

Merit: 1000

Charlie 'Van Bitcoin' Shrem

Good Morning Bitcoiners,

You ASKED we ANSWERED!

Now supporting full integration with Bitcoinica. The following methods are available.
Of course, all methods are instant. Cash Deposits are guaranteed within 1 hour from time of deposit.
To start a transfer visit www.BitInstant.com

Cash Bank Depsit --> Bitcoinica
Crypto X Change --> Bitcoinica
Liberty Reserve --> Bitcoinica
MtGox Voucher --> Bitcoinica
TradeHill --> Bitcoinica
Dwolla --> Bitcoinica
Paxum --> Bitcoinica

Bitcoinica --> MtGox
Bitcoinica --> Crypto X Change
Bitcoinica --> TradeHill
Bitcoinica --> VirWox
*Crazy Arbitrage Opportunities!* Connect our API and GoxSH fork to your bot today for instant trading! Our techs are standing by to help. Email [email protected]

*More Withdrawal Options Coming Very Soon for ALL Exchanges*

Thank you for your continued support and patronage.

Gareth, Charlie, Roger, Erik, Noah and the Team @ Bitinstant, LLC
T: 1.716.712.4846 | F: 1.347.223.5251 | [email protected]
IRC: irc.bitinstant.com #bitinstant

Topic: Instant Deposit CASH, Dwolla, Paxum, LR, into BITCOINICA.com [BitInstant.com] (Read 1758 times)