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Title: Gauging interest in a money remittance service between Kuwait and India Post by: Kokomoka on September 11, 2013, 08:37:17 PM I am a British expat living and working in Kuwait. I have seen that there is a large expat community hailing from India/Pakistan/Bangladesh/Sri Lanka/Egypt. I am interested in using bitcoin as a mechanism to set up a money transfer business between Kuwait and India.
I can provide a detailed description of how it is possible to transfer cash (cash, not bitcoin) between the two countries almost instantaneously for a fee of around 5%. Although neither the sender nor the receiver of the money need to have access to bitcoins, anyone who would like to pursue this business will need to be able to buy and sell large amounts of bitcoin at good prices in their country. The business is built upon the ancient "Hawala" system. If anyone would like to know more, please PM me. Note that you need to be based in an Indian city to make this system work. Regards, Koko |