Coinbase has expanded to 13 countries in EU, just not Germany yet.
http://blog.coinbase.com/post/97170793362/coinbase-expands-internationally-now-available-in-14I see what you are suggesting. The target demo would be people who want to get paid by direct deposit in BTC but without bank accounts. This is a very limited case scenario as most people who have a job also have a bank account. Since the focus of this service is for such a niche client and the profits would be so small if any I don't see how the investment (100k seems cheap, perhaps that germany? ) would make it worthwhile.
I live in Germany but get paid in the US so I use a US bank account for my CoinBase account.
The $100k was off the top of my head after reading the NCUA site. Here is their break down of a typical credit union:
Estimated Pre-Chartering (Start-Up) Costs
Pre-Chartering Consultant/Organizer Fees: 35,000
Electronic Data Processing Computer Hardware: 2,800
General Ledger/Share and Loan Accounting Software: 4,000
Computer Installation & Training: 1,485
Check Writing Software (Laser): 500
Loan Delinquency Notice Printing Software: 220
Statement Printing Software: 275
Direct Deposit - ACH Software: 1,670
Enhanced General Ledger Software (Fixed Assets,
Prepaid/Deferred Expenses, Accrued Expenses): 250
Credit Bureau Software: 795
Credit Bureau Reporting Software: 330
Total Estimated EDP Computer Costs: 9,905
Furniture & Equipment - Desks, Chairs, File Cabinets,
Security: 4,000
Marketing/Surveying: 1,000
Total Estimated Pre-Chartering Costs: 49,905Another chart shows -
Total Estimated Annual Operating Expenses: 76,781
These are taken from the NCUA website:
http://www.ncua.gov/Resources/Documents/CUDev/AcrobatDocument6-26-09.pdfWe would actually have lower expenses as we would be focused mainly on Direct Deposit - ACH with no need for loans or holding account balances, etc.
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