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1  Bitcoin / Project Development / UK Payment gateway - coming soon on: October 23, 2012, 02:16:28 AM
Ok so with the demand for a UK, easy to fund method of getting bitcoins increasing. Along with the headaches of using GBP -> USD -> BTC also increasing. I have come up with a solution. To make my own UK version of what bitinstant offers.

first step
having a business bank account in the UK that accepts payments. (which I have already)
second step
Having a large enough stash of BTC to cover request/payments from UK paying customers. (which I am currently seeking via https://btcjam.com/listings/166)
third step
Launch the site and start getting GBP in and then use that to obtain more BTC+6% and rince and repeat (I already have many UK customers waiting)
forth step
once the loan is paid off increase my own self sufficient stash of BTC and GBP to a reasonable level.
Fifth step
start offering GBP withdrawals via pre-paid Debit cards.

Now that you know my first five steps, I want your idea's for the next steps. What would you like to see in the future from a UK payment gateway, beyond just money in and out, BTC in and out. please reply with great idea's of features or items you would like to see, even obsurd idea's can be great.
2  Economy / Lending / LOAN to start a UK payment gateway on: October 22, 2012, 09:21:24 PM
Hi there, i am looking to start a UK based version of what bitinstant offers. Why? you might ask. Because I believe that there is a gap in the market. I have myself been frustrated by the loss of potential bitcoins due to the exchange rate from GBP to dollars. then the moneygram fee's then the other fees with sites like bitinstant.

i propose to make a site that accepts UK Pound sterling direct (sameday (same hour dependant on your bank) which purchases them at a flat 6% costs. This fee will reduce but is set at 6% to repay the loan interest. When the loan is paid off the transaction fee for customers will go down.

So what do I need a loan for? For the initial customers to receive BTC. I have been informed to use BTCJam.com as my middleman. So this is what i have done. Feel free to  view the proposal on their and fund my project as i already have a list of people waiting to 'get in' to bitcoin using UK Pound sterling, without the headaches.

https://btcjam.com/listings/166
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