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That's a very interesting thought, nl. Have a look at Eko (http://eko.co.in http://eko.co.in). Eko is creating a network of trusted agents to service cash-in/
by avi_agrawal 13y ago
That's a very interesting thought, nl.
Have a look at Eko (http://eko.co.in http://eko.co.in). Eko is creating a network of trusted agents to service cash-in/ cash-out/ money-transfer needs of billions of non-tech-savvy customers.
The cue given by you could be an interesting opportunity for companies like Eko to explore.
Kenya's m-Pesa is a similar network of mobile money agents that indeed started accepting Bitcoins recently [2]!
[2] http://www.mobilepaymentstoday.com/article/216119/M-PESA-meets-Bitcoin-with-new-service-in-Kenya http://www.mobilepaymentstoday.com/article/216119/M-PESA-mee...
- nl 13y agoThanks, but it hardly takes a genius to point it out (probably should have patented it though..). It's pretty clear that the "bitcoin<->local currency" market is a big one, but dangerous to get into because of regulatory risk. Any players who can avoid that risk somehow have a big advantage. OTOH, if you actually want your mind blown then watch [1]. That's a video of Brad Fitzpatrick pointing out that the Bitcoin protocol allows things like implementing Kickstarter in the Bitcoin protocol itself, or - more relevant to this discussion - things like "Party A pays Party B, but only if Party C vouches for it, and Party C cannot receive the money". [1] http://www.youtube.com/watch?v=sYukPc0y_Ro#t=970 http://www.youtube.com/watch?v=sYukPc0y_Ro#t=970