Quote from: zhoutong on June 13, 2013, 09:47:17 AM

Hi Bitcointalk,

I'm Ryan Zhou (aka zhoutong). I recently joined a Melbourne-based Bitcoin startup with two other co-founders Asher (Australian economist and business writer) and Jerrold (Enterprise software engineer with 10 years of experience). I think it's great to give bitcointalk forum members a quick update and overview about what we are doing and how we are improving the Bitcoin economy.

CoinJar: https://coinjar.io/

"CoinJar is a Melbourne-based startup bridging the divide between digital currency and the dollars in your wallet. Bitcoin was naturally the best place to start, being the world's leading digital currency. Founded in 2013, we quickly caught the eye of early start-up investor AngelCube who have generously provided us seed funding and mentorship."

Currently we offer three Bitcoin services:

CoinJar

CoinJar is a hosted Bitcoin wallet ("hosted" means "store just enough for transactional purposes and NEVER use it for savings") that integrates well with other parts of the platform. To be honest, there's nothing too much we can innovate on Bitcoin hosted wallets because they are so simple. However, we aim to deliver the best possible user experience. Aside from the web, we are also building an iPhone app for CoinJar wallet with great mobile experience (finally).

Please note that CoinJar wallet is a full-reserve platform with automated sweep to cold storage and we will never use customer funds for our business expenses. That said, be aware with any hosted wallet service. We recommend against our users to use CoinJar for Bitcoin savings. Always use cold storage!

CoinJar Checkout

CoinJar Checkout is the best Bitcoin merchant solution. We provide a PayPal-compatible API (in addition to our standard RESTful API) to help any online merchant to integrate. On top of that, industry-standard features: 1% fee, daily settlement in local currency (Australia only for now) and exchange rate guaranteed for 15 minutes.

CoinJar Filler

This is our killer app. Most other Australian Bitcoin buying sites charge excessive fees (usually 8-10%) and we really HATE to see that. A high fee will severely limit adoption and result in bad consumer confidence. Even though Australia has a well-developed financial system, when it comes to anything related retail foreign exchange services, it's a straight-up nightmare (even major banks in Australia all charge ridiculous ~4% spread each side for AUD/USD TT rate). As a full-service Bitcoin startup, we have sufficient liquidity available from our merchant solution and arrangements with institutional forex brokers (who give us wholesale rates), we want to pass on the savings to consumers by charging a just 2% flat fee.

Both Checkout and Filler are Australia-only for now, but we are definitely interested in expanding overseas. (Contact us at info@coinjar.io if you're interested in partnerships. Please reference this post when you contact us.)

We also have a by-product:

Melbourne Bitcoin Euthusiasts meetup! (http://www.meetup.com/Melbourne-Bitcoin/)

I attended yesterday's first meet-up session with 17 other Bitcoiners. It was really a great event and CoinJar plans to do it approximately every two months. So please join the meetup group if you're located in Melbourne!

Let me know if you have any feedback with our service offerings. Feel free to comment in the forum post.

We are in the process of setting up a company bitcointalk account.

this is become a competitor of bitcoins
but you fix the system, until it's same as bitcoin system
thanks