So I group I'm with is looking at doing the first chartered Bitcoin Bank out of the Cayman Islands
We're thinking about branding a 1 Bitcoin Value Wallet, buyer sends dough to Caymans and we send them a 1 Bitcoin Wallet out of the bank, minimum buy is 1 Bitcoin
Right now it looks like 1 Bitcoin is going to be the minimum wallet until btc is well over 1K again, the group would prefer to do 10 or 100 Bitcoin Wallets
As a Cayman bank the group can take legit bank wires and cc's whatever and since it's Cayman's based it's a hands off country as to most bank regulations
So what do you think is a better brand for 1 Bitcoin Wallets
1 Bit Wallets .com
1 Bitcoin Wallets .com
I like the short version myself
Basically the group thinks the consumer need is EASE and SPEED to get legit bitcoin wallets and also larger fast wallets
So having a bank in Caymans allows the group to do all the traditional banking stuff like wires and whatever, and not worry about what country we're in where pending bitcoin laws may soon start to stall most btc related financial companies, the USA is dead for it since they group btc now into money exchanges and each state would need a timely license to do it in USA so Caymans is the right country
If I remember right we have 1 Bitcoin Bank for the project too
So a bitcoin bank with it's own bit wallet
A consumer that doesn't have btc yet can just send a simple wire and within an hour have their own bitcoin wallet to use
Try to do that with bitpay or the other so-called btc processors
It takes days over for anything over 100 bucks
Btc has to get a legit chartered bank going soon and I joined the group due to the prospectus I saw
Cayman's bypasses all the USA based bs on money exchanges
A real bank can take wires all day and CC's
Basically a wire gets an anonymous old swiss style bank account CC's would have to be with a ton of documents to know who is trying to scam you out of btc for worthless CC bangs
I myself think only wires should be used but some in the group think you must have CC's to do it
I think right now the problem I see with btc is the average person gets interested and they see how hard it is to get wallets with any real dough in them without waiting days
So to me that's the whole reason I think they may be able to do this in a nice sized way
So what do you like
1 Bit Wallets .com or 1 Bitcoin Wallets .com