Quote from: bearbones on June 30, 2012, 10:32:53 PM

On a separate note, I've been researching M-Pesa and it looks like they charge the following fees:
~1% to withdraw money from the system (for cash, in person, at an associated location)
$0.40 per transaction paid by the sender

If this is correct, we could easily compete with them. Coinapult could be far more expensive than Bitcoin should be, but less expensive than what is currently available even in the best markets. M-Pesa is only Kenya, after all.

Ya, they use tier pricing rather than a raw %, so if will vary based on the transaction size.

From one M-Pesa user to another, the fee as a % can swing wildly ... like 10% fee on a transaction worth $3. Up to the range of $20 it drops as a % to 2%, The fee caps out at 50 Kenyan shillings (KES) (fee of about $0.60 USD) no matter the amount transferred.
- http://safaricom.co.ke/index.php?id=1593
- http://mobilemoneyexchange.wordpress.com/2012/03/02/m-pesas-revised-tariffs

Viewing the following will show how Bitcoin is so unique ... it is the only one that works in every single country:

- http://www.wirelessintelligence.com/mobile-money/unbanked
- http://www.wirelessintelligence.com/mobile-money/download (Spreadsheet)