Bitcoin Forum
December 07, 2016, 10:40:32 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Request for feedback. FastCash4Bitcoins is considering going global.  (Read 1513 times)
TangibleCryptography
Sr. Member
****
Offline Offline

Activity: 476


Tangible Cryptography LLC


View Profile WWW
July 26, 2012, 02:00:18 PM
 #1

We have been offering fast payouts to bitcoins users for three months now and our new automated website just hit the thirty day mark.  While we are happy to report we have purchased over 40,000 BTC in the last month there is one group of sellers who have been neglected, the entire rest of the world.

We have been in negotiations with a partner to provide international payment processing.  The same great service we have offered US customers now available to the world (well 13 countries of the world).  

Countries available:
Australia (AUD)
Canada (CAD or USD)
Denmark (DKK)
France (EUR)
Germany (EUR)
Hungary (HUF)
Italy (EUR)
Mexico (MXN)
Neterlands (EUR)
New Zealand (NZD)
Spain (EUR)
Sweden (SEK)
United Kingdom (GBP)

Payout Options (may vary by country):
Local Check.  Check/draft will be printed locally (in country) and delivered by your local post to your address.
EFT bank transfer.   Transferred from a local bank using your countries national banking network (ACH/EFT/SEPA).


The fees ("boo"):
Coins are purchased at our standard rate (which trades at a discount to MtGox last price)
Cost of a locally printed check - free
Cost of a EFT/SEPA transfer - free


Exchange Rate:
We will continue to price coins in USD and will pay our vendor in USD.  The amount due will be converted to your local currency and the vendor does profit from exchange rate.  The rates are relatively good usually within 1% to 2% of best exchange rates offered by banks/brokerages.


Timeline:
Looking to sign a deal and go live in mid August

There are significant startup costs and capital allocation requirements associated with this venture.  We are interested in your feedback.

Tangible Cryptography
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Polvos
Hero Member
*****
Offline Offline

Activity: 597



View Profile
July 26, 2012, 03:15:46 PM
 #2

Of course it will be great!


davout
Legendary
*
Offline Offline

Activity: 1358


1davout


View Profile WWW
July 26, 2012, 03:17:57 PM
 #3

We have been offering fast payouts to bitcoins users for three months now and our new automated website just hit the thirty day mark.  While we are happy to report we have purchased over 40,000 BTC in the last month there is one group of sellers who have been neglected, the entire rest of the world.

[...]

There are significant startup costs and capital allocation requirements associated with this venture.  We are interested in your feedback.

Tangible Cryptography

Speaking for France here : what's your legal/taxation setup going to be ?

Nyhm
Full Member
***
Offline Offline

Activity: 215



View Profile WWW
July 26, 2012, 06:21:20 PM
 #4

Remarkable! I'm a fan of your services here in the US. Great Bitcoin success story, and very inspiring.

~ Bitcoin Game List
~ "Mathematicians overlook that computation is bounded by Physics. Computer Scientists lament it. Cryptographers depend on it." -- Nyhm c. 2012
~ 1NYhM2pzT6PDfZyXbyFm3dVcoob4phrGc5
niko
Hero Member
*****
Offline Offline

Activity: 742


There is more to Bitcoin than bitcoins.


View Profile
July 26, 2012, 06:30:15 PM
 #5

Assuming you manage to keep the fees low, you'll profit from people doing arbitrage (or by doing it yourself with all these tools at hand).

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
Stephen Gornick
Legendary
*
Offline Offline

Activity: 2002



View Profile
July 26, 2012, 07:59:26 PM
 #6

There are significant startup costs and capital allocation requirements associated with this venture.  We are interested in your feedback.

If it doesn't have to be an all-or-nothing deal, then start by going where they aint.

 - UK (GBP) is the largest expansion market for this service.  There is room for more cash-out options
 - Mexico (MXN) - One of the largest remittance markets in the world, and not a single bank-friendly cash-out method exists (well, Bit-Pay offers it but only for its merchants)
 - Hungary (HUF) - No other exchanges yet.
 - New Zealand (NZD) - There is a NZ exchange, but liquidity issues make it expensive for cashing out larger amounts.
 - Sweden (SEK) - Same ... an exchange here exists, but doesn't handle larger amounts well (yet).

Fairly comprehensive list of cash-out methods:
 - http://en.bitcoin.it/wiki/Selling_bitcoins

TangibleCryptography
Sr. Member
****
Offline Offline

Activity: 476


Tangible Cryptography LLC


View Profile WWW
July 26, 2012, 08:03:58 PM
 #7

You are always thinking Stephen.  Smiley

In this case though the costs are for integration with a third party provider which has an existing global disbursement network.  Once that is done there is no incremental cost for supporting all 13 destination countries listed in the OP.  We can support all 13 just as easily as supporting just one or a few.

Still as you pointed out there are some interesting and under-supported countries in the list.
PrintCoins
Hero Member
*****
Offline Offline

Activity: 524



View Profile WWW
July 26, 2012, 08:38:55 PM
 #8

How about just sending fiat in the mail. Everything else isn't really cash.

Bitmessage.org: BM-2cT3oFVj68gugBD5JFvP3qmoBHWXJQ6ZkT
BTC Addr:18AA1hq6DVHn5WuK1fQhr5CdkqeG5Mj2ZL <--did you like my post? Send some encouragement here.
Print bitcoin bills: http://print.printcoins.com/
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!