Author

Topic: New service. Need your feedback. The BitBank! (Read 1093 times)

newbie
Activity: 32
Merit: 0
Hello everyone!
I am thinking of opening a new service called the BitBank!
Essentially, it is a 24/7 online "bank" for bitcoin services.
If we open, we will offer:
Physical Bitcoins in Paper "checks" or metal "coins"
Exchange from Money Order to BTC
A free lottery you can enter, where the jackpot is 1 BTC
Secure storage for your Physical bitcoins in our fireproof safes, free when you buy a physical BTC
And Some other custom services.

What "Banking" services will be offering? According to Wikipedia "A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly or through capital markets. A bank connects customers that have capital deficits to customers with capital surpluses" (http://en.wikipedia.org/wiki/Bank). I have no idea how traditional banking services could be offered through Bitcoins.

What fees are you thinking of charging?
newbie
Activity: 14
Merit: 0
I made a contract with the sellers, so I sell them at market price.
legendary
Activity: 2506
Merit: 1010
Physical Bitcoins in Paper "checks" or metal "coins"
Secure storage for your Physical bitcoins in our fireproof safes, free when you buy a physical BTC

So this physical bitcoin is a product you'll be producing, or will you be acquiring these from existing vendors (e.g., Casascius, and psjb.me checks)?
newbie
Activity: 14
Merit: 0
I thought you need ID to buy a money order...
hero member
Activity: 686
Merit: 500
Wat
Cant money orders be bought with stolen cards ?
newbie
Activity: 14
Merit: 0
Hello everyone!
I am thinking of opening a new service called the BitBank!
Essentially, it is a 24/7 online "bank" for bitcoin services.
If we open, we will offer:
Physical Bitcoins in Paper "checks" or metal "coins"
Exchange from Money Order to BTC
A free lottery you can enter, where the jackpot is 1 BTC
Secure storage for your Physical bitcoins in our fireproof safes, free when you buy a physical BTC
And Some other custom services.
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