CryptoCurrency soon supersede real money?

[uplana]

I was thinking about all these services offering to convert your BitCoin (Crypto currency) to real Money. Like CuBits that let you even process BTC and convert them immediately to EUR, USD and GBP.

Are we soon so far that people that don't want to take part of all this legal s**t going around with Money laundering regulations and similar that had a World wide impact on the Financial services and how banking Works today, if this soon will stop and let more and more move over to BitCoins?

When I ask friends and other people in the real World many don't even know what bitcoins are?

I know there are even people on the Internet that don't know and never have been in contact with BitCoins for these people you want to read here Bitcoin - Wikipedia

So far it is still easier to do business with an real offshore bank account where you can transfer Money World wide to any account. It is still very complicated and include high fees to accept and Exchange BitCoins. Also it is complicated to find a real solution that would wok similar to a bank unless you verify and provide the exact same documents as your offshore bank does!

But what do you think will happen maybe in 2 or 3 years, won't we see service like worldcore.eu or similar that will be able to process bitcoins, exchange them to real money and let you spend them with a credit card?

Or let you accept real Money by bank transfer, convert them to BTC and you can spend them using a credit Card or you can Wire Transfer them to other real bank accounts where they convert it right before the transfer goes through in EUR or USD?

 

[drillbill]

I whish it come true and that we can get rid of the banks!

 

[dotbloup]

for now, many people don't see the benefits of using bitcoins as a method of payment, it is our job to show how useful it is. In fact, there are many bitcoin wallet applications on mobile phones where it is possible to read a QR code which convert into a bitcoin address instantly with the price.
It is our job to tell people how useful it is to use this rather than manually entering a credit card number with expiration date

 

[municipalityxU]

I agree we need more Bitcoins better for our business in the future!

 

[suzy]

BitCoins and other cyrptocurrency will be the future of Internet Payment and when one has to pay for all the stuff PayPal, Visa and MasterCard don't low transactions.

I assume that it already is huge in the Online Gambling and Casino business because it's possible to process payments "uncoded" and "unblocked" by the card association and other payment services.

BitCoin will be the future!

 

[yancy]

Yeah, BitCoin will be the future for all underground transactions I believe.

 

[negon]

As soon as some figure out how to setup a Offshore company, bitcoin wallet and some service that can exchange Bicoins to EUR / USD instantly without identification it's going to explode.

 

[Ilona Soini]

I was thinking about all these services offering to convert your BitCoin (Crypto currency) to real Money. Like CuBits that let you even process BTC and convert them immediately to EUR, USD and GBP.

Are we soon so far that people that don't want to take part of all this legal s**t going around with Money laundering regulations and similar that had a World wide impact on the Financial services and how banking Works today, if this soon will stop and let more and more move over to BitCoins?

When I ask friends and other people in the real World many don't even know what bitcoins are?

I know there are even people on the Internet that don't know and never have been in contact with BitCoins for these people you want to read here Bitcoin - Wikipedia

So far it is still easier to do business with an real offshore bank account where you can transfer Money World wide to any account. It is still very complicated and include high fees to accept and Exchange BitCoins. Also it is complicated to find a real solution that would wok similar to a bank unless you verify and provide the exact same documents as your offshore bank does!

But what do you think will happen maybe in 2 or 3 years, won't we see service like worldcore.eu or similar that will be able to process bitcoins, exchange them to real money and let you spend them with a credit card?

Or let you accept real Money by bank transfer, convert them to BTC and you can spend them using a credit Card or you can Wire Transfer them to other real bank accounts where they convert it right before the transfer goes through in EUR or USD?

Hi,

Well, just to let you know that Worldcore temporarily do not deal with cryptocurrencies due to very strict EU regulations but they are setting up one solution which will be available soon, let say this or next month. Hope this helps.

 

[negon]

service like worldcore.eu or similar

Op mentioned like means services similar to worldcore!

Anyway good to know that they soon will accept cryptocurrency like BitCoin.

 

[yancy]

What's the best service you think to convert Bitcoins into euro or US$ ?

 

[suzy]

So far the most trusted service I have seen here on the forum is Cubits — Europe’s Gateway to Bitcoin – Bitcoin to Euro, Pound and more

 

[lavel]

Or let you accept real Money by bank transfer, convert them to BTC and you can spend them using a credit Card or you can Wire Transfer

Any service where this work?

 

[bonzo]

Can't this easely be done with Cubits or similar services you think? I have found several exchange services on the Internet already. Problem is that no one knows which one to trust some of them require 2 - 3 business days to make the exchange!

 

[drillbill]

Can't this easely be done with Cubits or similar services you think? I have found several exchange services on the Internet already. Problem is that no one knows which one to trust some of them require 2 - 3 business days to make the exchange!

It can be done, bad thing with cubits you need to verify the account with this german ID s**t. So you can't use fake documents. We need to find an exchange service that has basic verification.

 

[JohnLocke]

I like the idea and believe with all these "non licensed" financial services popping up around there is a demand for it.

 

[suzy]

Any service where this work?

Cubits is working like this. You just need to get a verified account to use it.

 

[suzy]

I like the idea and believe with all these "non licensed" financial services popping up around there is a demand for it.

Sure there is and within a few years we will see the competition grow so the software to be smarter.

 

[negon]

I would like to get confirmed if any of the valid providers of debit cards actually have any requirement to report each account and the money hold in the accounts. If not, then it is good news. I setup a corporate account with neteller actually for the only purpose to transfer some money into the account there and spend them oney with the MasterCard I have for this accounts.

So if that works why should I need a bank account for the company, I can ask my customer to pay using the reference number Neteller gives me when they need to wire transfer money to me. Otherwise they can simply send money to me by neteller.

All in all it seems for this business model I don't need a bank account!

 

[myhand]

I'm just start getting used to cryptocurrency more over bitcoins. It looks like a very convenient way to conduct business total anonymous. The most of the people I do business with at the moment because of my business setup all accept bitcoins

 

[pesto]

I would like to get confirmed if any of the valid providers of debit cards actually have any requirement to report each account and the money hold in the accounts. If not, then it is good news. I setup a corporate account with neteller actually for the only purpose to transfer some money into the account there and spend them oney with the MasterCard I have for this accounts.

So if that works why should I need a bank account for the company, I can ask my customer to pay using the reference number Neteller gives me when they need to wire transfer money to me. Otherwise they can simply send money to me by neteller.

All in all it seems for this business model I don't need a bank account!

They have not the same obligation as a bank has for that reason I believe they don't report your accounts anywhere!

I believe this to be the future for Internet trading!