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Post by congregatio on Jan 22, 2014 5:44:23 GMT 4
We do accept Bitcoin and Litecoin for Payment, distribution and Management
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Post by miriammuraba on Jan 22, 2014 5:46:45 GMT 4
ah, beside Overstock.com there are also 2 Casinos in Las Vegas starting to accept Bitcoin: Effective Wednesday, customers of both The D and the Golden Gate casinos on Sin City’s famed Freemont Street will be able to spend bitcoins to buy goods and services. see: rt.com/usa/las-vegas-casino-bitcoin-974/
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Post by alanbond on Jan 22, 2014 5:49:35 GMT 4
Bitcoin ATM's in Vancouver, Toronto and Zuerich
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Post by cml1234 on May 8, 2014 18:25:56 GMT 4
That is something I have been trying to work on.
An online bank, ability work with Bitcoins, and expanding Bitcoin ATM's in the US
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Post by Sapphire Capital on May 8, 2014 23:22:51 GMT 4
US is the wrong base for this, the administrative overhead is to high, better a captive overseas and a DAC as a front end with a simple ATM contract
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Post by cml1234 on May 11, 2014 23:45:03 GMT 4
US is the wrong base for this, the administrative overhead is to high, better a captive overseas and a DAC as a front end with a simple ATM contract Not if you let a 3rd party Bitcoin company handle the bitcoin side and stay as a bank acting solely as the banking side. The company in Las Vegas who handles Bitcoin ATM's in Las Vegas and Vancouver needs a banking partner by the way.
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Post by Sapphire Capital on May 12, 2014 3:29:27 GMT 4
third party Bitcoin company will suck up most of the profit, the banking side is cut between the crypto currency and a real currency, I would think it defeats the purpose of anonymity if you have to apply the US banking rules, so you could move everything in a trust and have the trust manager as a captive bank (members only) and from there into the banking system, because then the US bank would always deal with the captive and the trust manager would guard the privacy. Most structures like a bank linked bitcoin exchange avoid the US like the pest from hell, they do not even allow US citizens living outside the US. However it is doable, question is if it is profitable. You could use a small town bank to structure it but still the percentage you have to charge may make it to expensive
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