Topic: Is there a market for selling bitcoins via SMS? (Read 641 times)
IIRC two companies tried it. One went bankrupt and the other (blockchain.info) stopped due to fraud. Those SMS payments can be charged backed and my understanding is the carriers just rubber stamp it ("oh you didn't buy that let me remove that charge").
I am thinking about getting a website made that allows people automatically buy bitcoins with their phones (via sms).
This might ( remember its not manuel it will be automatic thats why) cost me an arm and a leg , so I want to be sure if there is a good market for that. The cell phone sim companies , legal works , laws and all operational costs on top of the initial start up cost will be as high as mount everest for me so I am looking to post this as many places as I can and get a public opinion on this idea, where else do you guys think I should post this to get a good answer.
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