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Title: Group buying bitcoins. Post by: Anonymous on May 08, 2011, 11:35:22 AM I had a thought that if you have a fixed cost way of transferring money overseas you could pool with other people to make the individual cost lower.
For instance at check2btc (one of my sites -full disclosure) https://sites.google.com/site/check2btc/move-money (https://sites.google.com/site/check2btc/move-money) - The fixed costs are conversion fees and sending the bank checks. Instead of one person paying $20 you could have 10 people who pay $2. This would need something like a groupon where if you get enough people to sign up for a deal they get a massive discount. Would group buying like this be a valuable service for bitcoins? Example-wire transfers. If 20 people send 1 wire transfer to mt gox they would each only have to pay a $5 receiving fee there. Groupbtc ftw. If we have an agent in each country who collects money at their bank and does 1 wire transfer when there are enough deposits it would be a unique service. If the agent gets shut down another would pop up. The agents would probably need to pay some form of bond or have a high wot rating. |