|
Title: currency exchange start-up Post by: minerops on July 03, 2011, 04:45:13 AM thinking of starting a currency exchange business but am afraid to advertise due to possible legal issues
the basic premise is: market to international students as a cheap exchanger of currency, use bitcoins to pull off a competitive exchange rate (relative to those mall kiosks that over charge, or a bank which skims off the top) if i post in a local newspaper i want to have my legal bases covered. thoughts? Title: Re: currency exchange start-up Post by: minerops on July 03, 2011, 05:03:28 AM trying to think if this is feasible...
i'd need a small bank of BTC and USD. if i sold from my BTC bank at the moment i received an exchange order, i'd need a buyer (in BTC) of the foreign currency as soon as possible Title: Re: currency exchange start-up Post by: minerops on July 03, 2011, 05:06:06 AM trying to think if this is feasible... i'd need a small bank of BTC and USD. if i sold from my BTC bank at the moment i received an exchange order, i'd need a buyer (in BTC) of the foreign currency as soon as possible so i could regain my BTC bank. i would regain my USD bank through Dwolla/Gox... and add to USD bank any profit |