Hello!
I have a few questions regarding an idea for a simple project that came in my mind recently.
When you buy something online with Bitcoins, the vendor has the possibility to accept Bitcoins directly or with a service like Bitpay, which takes the coins and gives the vendor USD/EUR/whatever at the current market price.
Why shouldn't I/we/someone else make a service where you can sell your Bitcoins instantly (via Bitpay) and get fiat money in return? Instead of selling them on an exchange service where you have to find a buyer for your price or where it needs a few days until you recieve your money? Isn't this simpler, if you have a service which ALWAYS and INSTANT gives you fiat money for your BTC? You would get cash cards, Amazon gift cards, or whatever in return for your BTC.
I don't know if I am missing something or if there are projects like this around or if there's just no market for this, I just wanted to ask the community if this simple idea could work out? It somehow sounds "too simple to be true", but I would really like to hear your opinion.
Thanks in advance! :-)
I'm confused. How is this any different from what you initially just described with Bitpay?
