Is Peer To Peer Real Banking Possible?

AikFrank

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Cryptocurrency Developer

Quote from: SHawk on June 22, 2017, 02:15:40 PM

Your ides is brilliant but it can work better if you establish it on an already popular cryptocurrency like bitcoin and ethereum because they have awider reach and acceptance.
with the coin itself.

Yes my post clearly states it's with BTC

Quote from: SHawk on June 22, 2017, 02:15:40 PM

The banking system might even fail because of your charges which people might consider additional fees which they can remove by dealing directly with the coin itself.

I really didn't get the highlighted

SHawk

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Your ides is brilliant but it can work better if you establish it on an already popular cryptocurrency like bitcoin and ethereum because they have awider reach and acceptance.

The banking system might even fail because of your charges which people might consider additional fees which they can remove by dealing directly with the coin itself.

AikFrank

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Cryptocurrency Developer

Quote from: Hannu on June 22, 2017, 01:57:30 PM

Yes it is! Use stripe? You dont need more then visa electron card!

Am not sure you understood the process. Stripe enables you receive payment, and strictly withdrawal to your Bank. Read the first post over and over again to get the real deal.

Hannu

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RIP: S5, A faithful device long time

Yes it is! Use stripe? You dont need more then visa electron card!

AikFrank

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Cryptocurrency Developer

Quote from: tigerwood0432 on June 22, 2017, 10:08:56 AM

yep it exist , its called localbitcoins.com
you can buy and sell bitcoins for cash from any part of the world
you can transfer any bitcoin for cash/wire worldwide

"A" have a US localbitcoins account linked to bank account , and want to send 10,000 usd to "B" in china , he will go to localbitcoins.com = he find"C" in china who will buy "A's" BTC and give to "B" his cash (usually third party are not allowed in localbitcoins , but lot of buyers/sellers don't have problem since they receive their btc/cash

How can this solution solve inflow, you only made mention of outflow.

tigerwood0432

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yep it exist , its called localbitcoins.com
you can buy and sell bitcoins for cash from any part of the world
you can transfer any bitcoin for cash/wire worldwide

"A" have a US localbitcoins account linked to bank account , and want to send 10,000 usd to "B" in china , he will go to localbitcoins.com = he find"C" in china who will buy "A's" BTC and give to "B" his cash (usually third party are not allowed in localbitcoins , but lot of buyers/sellers don't have problem since they receive their btc/cash

AikFrank

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Merit: 10

Cryptocurrency Developer

I have been thinking about this, but i really don't know if it's possible. A Community where people pay and receive payment for themselves.

PLATFORM:

A --> from USA -->Owns a local Bank account
B --> from China --> Owns a local Bank account
C --> from UK --> Owns a local Bank account
D --> from South Africa --> Owns a local Bank account

B want to send funds to someone in Europe, loads $400BTC on the platform --> C accepts transfer offer, then pays bills for B. (Pretty easy)

Now, B want to receive payment from Europe, uses C's details as beneficiary, payment is received by C, then remits on the platform by paying B in BTC

I have been thinking if this can actually work in the real world. Where a large community of users from different Continents will move money easily from one Country to the other with very low fees and funds are delivered almost immediately (less than 30mins- 1hr). Has anyone taught of this? Is there a platform already doing this? What's the best way to achieve this?

Your comments will be highly appreciated.

Topic: Is Peer To Peer Real Banking Possible? (Read 495 times)