Bitcoin Forum
December 11, 2017, 09:24:49 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Epiphyte wins fintech challenge - Banks using Bitcoin for their transfers  (Read 816 times)
telemaco
Sr. Member
****
Offline Offline

Activity: 371



View Profile
October 04, 2014, 08:14:06 AM
 #1

http://bankinnovation.net/2014/10/epiphyte-matchmove-win-fintech-startup-challenge/

Quote
Epiphyte’s solution avoids traditional money movement avenues and instead converts currency to bitcoins, moves the coins, then cashes them out on the other end in the local tender. The bitcoins are moved for a fraction of the cost of traditional money transfers using exchanges like Coinbase and Bitpay, which take on the currency risk. The value proposition of the company is to bring international remittances back to the banks from the startups nibbling away at the market and provide lower-cost services.

Explaining it here https://www.youtube.com/watch?v=6KwD4m1ejw0#t=54

Can some economist talk about the impact this will have on bitcoin price? Will this hugely increase bitcoin volume? will velocity be 0 and bitcoin liquidity not so needed?
1513027489
Hero Member
*
Offline Offline

Posts: 1513027489

View Profile Personal Message (Offline)

Ignore
1513027489
Reply with quote  #2

1513027489
Report to moderator
1513027489
Hero Member
*
Offline Offline

Posts: 1513027489

View Profile Personal Message (Offline)

Ignore
1513027489
Reply with quote  #2

1513027489
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513027489
Hero Member
*
Offline Offline

Posts: 1513027489

View Profile Personal Message (Offline)

Ignore
1513027489
Reply with quote  #2

1513027489
Report to moderator
1513027489
Hero Member
*
Offline Offline

Posts: 1513027489

View Profile Personal Message (Offline)

Ignore
1513027489
Reply with quote  #2

1513027489
Report to moderator
Hunyadi
Legendary
*
Offline Offline

Activity: 1269


☑ ♟ ☐ ♚


View Profile
October 04, 2014, 08:18:55 AM
 #2

http://bankinnovation.net/2014/10/epiphyte-matchmove-win-fintech-startup-challenge/

Quote
Epiphyte’s solution avoids traditional money movement avenues and instead converts currency to bitcoins, moves the coins, then cashes them out on the other end in the local tender. The bitcoins are moved for a fraction of the cost of traditional money transfers using exchanges like Coinbase and Bitpay, which take on the currency risk. The value proposition of the company is to bring international remittances back to the banks from the startups nibbling away at the market and provide lower-cost services.

Can some economist talk about the impact this will have on bitcoin price? Will this hugely increase bitcoin volume? will velocity be 0 and bitcoin liquidity not so needed?

i have been waiting for this kind of service. It could have a huge impact on volume.

▂▃▅▇█▓▒░BTC-Cultist░▒▓█▇▅▃▂
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!