Post
Topic
Board Bitcoin Discussion
Re: extinguishing Western union
by
eerygarden
on 23/07/2015, 08:37:30 UTC
1.5% is decent no?

Not decent at all, especially when you think how many users they have, and how many "1,5%"'s they take...

Aye, but there is no one out there using bitcoin to do anything like 1.5% at present.

I'm doing .5%, just in bitcoin only. If you have to pay 1% on either end to exchange into bitcoin, it's a little bit more, but if you get paid in bitcoins or buy them directly with localbitcoins.com, etc. it's cheaper.

Bitcoin only transfers cost a penny. How much business are you doing? Perhaps I am missing something, but isn't your service obsolete?

The site doesn't require downloading a software wallet, which is a major hurdle to user adoption. The only thing users have to know is the private key (and where they want to send it, of course). Boom, they can send the money. Even though to a technical person wallets are easy, to a non technical person it may make more sense to simply hold on to a key and use a one page, Google-like website to quickly send money. Helps educate people on how bitcoin works too.

Similar to the non-software wallet on blockchain.info?