I think this may be considered money laundering and you may want to check your local laws 
It "has its origins in islamic law". can't be that bad, islam is a pretty moral religion
Topic: transferring money as a service (Read 1424 times)
It "has its origins in islamic law". can't be that bad, islam is a pretty moral religion
also you should look into ripple-project.org 
I thought ripple was loaning money? Nobody is owed after this transaction, everyone is paid up front
my understanding is that you should be able to both pull (borrow) and push (prepay) along a credit path.
Just thought of a cool way to make money transfering real cash for people using bitcoin.
Person A in some city/country, wants to wire money ($500) to Person D in some city/country
Person B and Person C both use bitcoin.
Person A gives person B $500 cash plus a handling fee
Person B gives person C $500 worth of bitcoin plus a smaller handling fee
Person C gives person D $500 (in local currency)
Inspired by Hawala: http://en.wikipedia.org/wiki/Hawala
Person A in some city/country, wants to wire money ($500) to Person D in some city/country
Person B and Person C both use bitcoin.
Person A gives person B $500 cash plus a handling fee
Person B gives person C $500 worth of bitcoin plus a smaller handling fee
Person C gives person D $500 (in local currency)
Inspired by Hawala: http://en.wikipedia.org/wiki/Hawala
This is a great idea.
also you should look into ripple-project.org
I thought ripple was loaning money? Nobody is owed after this transaction, everyone is paid up front
also you should look into ripple-project.org
I think this may be considered money laundering and you may want to check your local laws
Just thought of a cool way to make money transfering real cash for people using bitcoin.
Person A in some city/country, wants to wire money ($500) to Person D in some city/country
Person B and Person C both use bitcoin.
Person A gives person B $500 cash plus a handling fee
Person B gives person C $500 worth of bitcoin plus a smaller handling fee
Person C gives person D $500 (in local currency)
Inspired by Hawala: http://en.wikipedia.org/wiki/Hawala
Person A in some city/country, wants to wire money ($500) to Person D in some city/country
Person B and Person C both use bitcoin.
Person A gives person B $500 cash plus a handling fee
Person B gives person C $500 worth of bitcoin plus a smaller handling fee
Person C gives person D $500 (in local currency)
Inspired by Hawala: http://en.wikipedia.org/wiki/Hawala
Jump to: