Topic: Remittance App (Read 838 times)
App that detect account requirements of exchanger and creates account itself is quite impossible or not allowed by exchangers. Its better to use exchangers mobile app for now.
If it's an open source/community thing then hopefully there would be some sort of consensus on which exchange is the best for each area. If it is private then the company could verify the trustworthiness of the exchange.
Possibly this could eventually be used to bootstrap a some implementation for an ID blockchain (or sidechain?). Because..... it would be nice to make the choices and the process of choosing the exchanges that the community determines to be as clearly shown to the user as can be.
The "software power" is the time we all take to track everything down. The searches and forum verifications. You would still need the identity/residence stuff but if the app handles it via APIs then it is possible that some double steps could be avoided (sending a scanned ID to each exchange, etc.).
Sounds like alot of grey matter and mouse clicking might go into that also, but having an API for account validation sounds like a smart move for sure. Maybe some kind of web-based store for documents could be used to discourage the innately higher security risk of keeping multiple copies of user data at multiple exchanges.
Also, if Zero Knowledge Proofs became a thing any time soon, an ID chain and the verification API could be made to use them to allow the users to use willing exchanges to do so with even more privacy. The exchanges need not know all the users details, only that valid details were submitted to those who actually require access to them.
There are all sorts of companies trying to make remittance using Bitcoin work. The thing is, you can already do remittance but it takes some steps. Steps can be handled by the power of software.
Something simple where you choose your sending country and receiving country, then it can find corresponding exchanges and the requirements by each exchange to create an account and get validated. Behind the scenes it sets you up with an account and makes everything transparent for the user.
Something simple where you choose your sending country and receiving country, then it can find corresponding exchanges and the requirements by each exchange to create an account and get validated. Behind the scenes it sets you up with an account and makes everything transparent for the user.
Maybe I'm missing something, but how is "software power" going to help with speeding up account verification at the exchange? The target user is going to need their own account, so they're going to need all their identity/residence documents anyway, the software can't remove that step, or make it any easier.
And if the speedup is in matching the exchange sites to the customer's conversion needs, how is the customer to trust the exchanges the app chooses for them? Will they be given a choice? How is the user to trust the range of choices? Does that really differ significantly from using a search engine & forum feedback to do the same job? And wouldn't alot of people just cross-check the presented exchanges using search engine + feedback anyway?
If it's an open source/community thing then hopefully there would be some sort of consensus on which exchange is the best for each area. If it is private then the company could verify the trustworthiness of the exchange.
The "software power" is the time we all take to track everything down. The searches and forum verifications. You would still need the identity/residence stuff but if the app handles it via APIs then it is possible that some double steps could be avoided (sending a scanned ID to each exchange, etc.).
There are all sorts of companies trying to make remittance using Bitcoin work. The thing is, you can already do remittance but it takes some steps. Steps can be handled by the power of software.
Something simple where you choose your sending country and receiving country, then it can find corresponding exchanges and the requirements by each exchange to create an account and get validated. Behind the scenes it sets you up with an account and makes everything transparent for the user.
Something simple where you choose your sending country and receiving country, then it can find corresponding exchanges and the requirements by each exchange to create an account and get validated. Behind the scenes it sets you up with an account and makes everything transparent for the user.
Maybe I'm missing something, but how is "software power" going to help with speeding up account verification at the exchange? The target user is going to need their own account, so they're going to need all their identity/residence documents anyway, the software can't remove that step, or make it any easier.
And if the speedup is in matching the exchange sites to the customer's conversion needs, how is the customer to trust the exchanges the app chooses for them? Will they be given a choice? How is the user to trust the range of choices? Does that really differ significantly from using a search engine & forum feedback to do the same job? And wouldn't alot of people just cross-check the presented exchanges using search engine + feedback anyway?
There are all sorts of companies trying to make remittance using Bitcoin work. The thing is, you can already do remittance but it takes some steps. Steps can be handled by the power of software.
Something simple where you choose your sending country and receiving country, then it can find corresponding exchanges and the requirements by each exchange to create an account and get validated. Behind the scenes it sets you up with an account and makes everything transparent for the user.
I don't think there's a need for a new app for Remittance, I myself is using Bitcoin for remittance but it's my wife who is sending it from US to my country, no need for a special app. But I do need another app for the received coin to be converted to fiat.Something simple where you choose your sending country and receiving country, then it can find corresponding exchanges and the requirements by each exchange to create an account and get validated. Behind the scenes it sets you up with an account and makes everything transparent for the user.
It would definitely not be for the typical Bitcoin user. We can figure out how to go to the exchanges and all of that. But with billions of dollars in remittances going out every day there are a lot of people that don't know. A simple app that saves them 5-10% would catch on quick.
You don't have an exchange locally? Or localbitcoins?
There are all sorts of companies trying to make remittance using Bitcoin work. The thing is, you can already do remittance but it takes some steps. Steps can be handled by the power of software.
Something simple where you choose your sending country and receiving country, then it can find corresponding exchanges and the requirements by each exchange to create an account and get validated. Behind the scenes it sets you up with an account and makes everything transparent for the user.
I don't think there's a need for a new app for Remittance, I myself is using Bitcoin for remittance but it's my wife who is sending it from US to my country, no need for a special app. But I do need another app for the received coin to be converted to fiat. Something simple where you choose your sending country and receiving country, then it can find corresponding exchanges and the requirements by each exchange to create an account and get validated. Behind the scenes it sets you up with an account and makes everything transparent for the user.
There are all sorts of companies trying to make remittance using Bitcoin work. The thing is, you can already do remittance but it takes some steps. Steps can be handled by the power of software.
Something simple where you choose your sending country and receiving country, then it can find corresponding exchanges and the requirements by each exchange to create an account and get validated. Behind the scenes it sets you up with an account and makes everything transparent for the user.
Something simple where you choose your sending country and receiving country, then it can find corresponding exchanges and the requirements by each exchange to create an account and get validated. Behind the scenes it sets you up with an account and makes everything transparent for the user.
Jump to: