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Author Topic: currency exchange start-up  (Read 1208 times)
minerops
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July 03, 2011, 04:45:13 AM
 #1

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?

JHJ 420
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minerops
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July 03, 2011, 05:03:28 AM
 #2

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

JHJ 420
minerops
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July 03, 2011, 05:06:06 AM
 #3

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

JHJ 420
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