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Offline luckybit


It would be a good idea if merchants act as BTMs. Buy products from them and get Bitcoin in the same purchase. Merchants can sell Bitcoin or BitAssets directly to the customers.

Another idea is why not use BitUSD for change back? You go to CVS or whatever to buy whatever and you get some BitUSD back or BTC back?
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Offline Overthetop

Re: If Overstock really supports Bitcoin why don't they sell Bitcoin?
« Reply #1 on: December 01, 2014, 04:59:44 AM »
It would be a good idea if merchants act as BTMs. Buy products from them and get Bitcoin in the same purchase. Merchants can sell Bitcoin or BitAssets directly to the customers.

Another idea is why not use BitUSD for change back? You go to CVS or whatever to buy whatever and you get some BitUSD back or BTC back?

I think they just support the blockchain technology represented by BTC.

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Offline gamey

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Re: If Overstock really supports Bitcoin why don't they sell Bitcoin?
« Reply #2 on: December 01, 2014, 05:07:49 AM »
Money transmitter is a whole different business needs a whole new set of corporate attorneys etc.
I speak for myself and only myself.

Offline Ander

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Re: If Overstock really supports Bitcoin why don't they sell Bitcoin?
« Reply #3 on: December 01, 2014, 06:02:40 AM »
Money transmitter is a whole different business needs a whole new set of corporate attorneys etc.

Yes, this.

Being coinbase is a lot of work.  You have to register as a money transmitter everywhere, follow KYC/AML laws, etc. 

Its not worth doing all that in order to sell a relatively low volume of BTC.
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Offline luckybit

Re: If Overstock really supports Bitcoin why don't they sell Bitcoin?
« Reply #4 on: December 01, 2014, 08:27:13 AM »
Money transmitter is a whole different business needs a whole new set of corporate attorneys etc.

Yes, this.

Being coinbase is a lot of work.  You have to register as a money transmitter everywhere, follow KYC/AML laws, etc. 

Its not worth doing all that in order to sell a relatively low volume of BTC.

They have the money to do it and overtake Paypal in the process. Also they want to replace the stock market so they plan on doing all that anyway.
« Last Edit: December 01, 2014, 08:31:35 AM by luckybit »
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