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Author Topic: Killer feature needed in Bitcoin Banks - Bill Pay  (Read 1215 times)
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January 03, 2012, 03:21:53 PM
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Bill Pay!

How easy would it be for a Bitcoin bank to cut a check out to your electric company, cable company, etc?

In essence it would layer on top of an exchange, and when a check needs to be sent out, it converts bitcoins to dollars, and sends a check.

You would never need to touch dollars, and you can set up automated payments out to whoever you had to pay.

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January 03, 2012, 03:38:57 PM
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Actually, it may be better to skip the whole bank aspect.

I send bitcoins to a check printer for them to send out a check to someone who has billed me. No need for a bank.

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January 03, 2012, 10:37:07 PM
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Here's one way to build a customer base with nearly no risk:
 - http://techcrunch.com/2011/08/30/paynearme-now-lets-you-pay-your-utility-bill-at-your-local-7-eleven-store

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