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Author Topic: Bitcoinexpress - Bitcoin to PayPal exchange site  (Read 17313 times)
allinvain
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March 27, 2011, 02:29:55 PM
 #21

I agree. But are you saying bitcoin to cash and vice versa is also a bad idea?
Doing only that is a bad idea. I'm not going to take a plane to wherever you're located to give or take some cash. or trust that cash in the mail will reach its destination. As an additional service this is of course wonderful, though not as important IMO.

Gotcha. I agree. In addition to that using more "permanent" methods of payments like wire transfer or money orders would be a viable solution.

Wire transfer and money order would have higher transaction costs. I personally believe it would be really cool if nearly every major population center had at least two people that exchanged bitcoins for fiat currency and vice versa. Imagine just giving "Joe" a call and stopping buy and converting $50 to bitcoins. It would be almost as convenient as doing it all electronically (ie with PayPal and other payment processors).

I live in Canada so I am thinking I may allow people to buy bitcoins with something called "e-mail money transfers"

http://www.interac.ca/consumers/productsandservices_ol_eTransfer.php

The sender pays the fees, and the whole transaction is non reversible.

Btw, any Canadians around here?

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Meni Rosenfeld
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March 27, 2011, 02:44:12 PM
 #22

I personally believe it would be really cool if nearly every major population center had at least two people that exchanged bitcoins for fiat currency and vice versa. Imagine just giving "Joe" a call and stopping buy and converting $50 to bitcoins. It would be almost as convenient as doing it all electronically (ie with PayPal and other payment processors).
Yeah, I think that's what they're trying to do with Bitcoin.local.

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ColdHardMetal
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March 27, 2011, 02:58:53 PM
 #23

I live in Canada so I am thinking I may allow people to buy bitcoins with something called "e-mail money transfers"

http://www.interac.ca/consumers/productsandservices_ol_eTransfer.php

The sender pays the fees, and the whole transaction is non reversible.


Those apparently aren't as good as you'd think:  http://bitcointalk.org/index.php?topic=2594.msg35510#msg35510

allinvain
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March 28, 2011, 04:07:11 AM
 #24

I live in Canada so I am thinking I may allow people to buy bitcoins with something called "e-mail money transfers"

http://www.interac.ca/consumers/productsandservices_ol_eTransfer.php

The sender pays the fees, and the whole transaction is non reversible.


Those apparently aren't as good as you'd think:  http://bitcointalk.org/index.php?topic=2594.msg35510#msg35510

*sigh* ohwell...

Thanks for sharing that info.

So I guess the only safe method of payments are wire transfer and cold hard cash.


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March 28, 2011, 11:55:47 AM
 #25

it is hard to be bright in a dark world.

One off NP-Hard.
allinvain
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March 28, 2011, 12:08:57 PM
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it is hard to be bright in a dark world.

Indeed. Unless you're a light bulb, then it's quite easy  Cheesy

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