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Offline Permie

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IMO The crypto-economy will expand faster as a result of fiat:bitAsset gateways

BitShares to fiat Gateways enable individuals and businesses to remain 100% in crypto and can store their wealth privately in counterparty-risk free ways.
For startup businesses in the global economy access to banking is a major factor in determining where you can run your business.
I think a fiat to bitAsset gateway will free businesses in a similar way that the individual employee was freed by the internet to 'work from home'.
Businesses need no longer buy expensive land near settlements large enough to have a banking presence. They can buy land in the middle of nowhere and start a permaculture farm and run a large business for as little cost as possible. Think of the employee benefits you could offer!
Decentralized communication, decentralized money, decentralized food and now decentralized banking services.
Online banking is possible in some cases, but will still require a physical address.

Satellites allow almost anyone in the world access to the internet for communication and now every one of those people has access to cheap and private banking services through bitAssets and BitShares!
JonnyBitcoin votes for liquidity and simplicity. Make him your proxy?
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Offline Ander

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Re: Fiat:bitAsset gateways allow businesses to 'work from home'
« Reply #1 on: May 29, 2015, 12:09:17 AM »
Fiat:bitAsset gateways allow the peg to hold tightly and provide liquidity.

Fiat:bitAsset gateways allow easy entry for new users into the Bitshares ecosystem.

Fiat:bitAsset gateways allow remittance companies to use Bitshares to transfer money worldwide.

Fiat:bitAsset gateways allow merchant adoption of Bitshares.

Fiat:bitAsset gateways allow savers to use Bitshares as their bank.

Fiat:bitAsset gateways allow traders to use Bitshares as their decentralized trading platform and not use centralized exchanges.


This is the key to the entire project.
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Offline VoR0220

Re: Fiat:bitAsset gateways allow businesses to 'work from home'
« Reply #2 on: May 29, 2015, 02:27:07 AM »
Not to mention that with the gateways, Bitshares establishes itself as the ultimate exchange from where to buy and sell cryptocurrencies and the easiest way to get into the cryptocurrency market. This is awesome news.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline bitmarket

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Re: Fiat:bitAsset gateways allow businesses to 'work from home'
« Reply #3 on: May 29, 2015, 09:25:29 PM »
All bitUSD needs to explode is the ABRA app.

And the spreads become miniscule.

Let me explain.  Each city is either a net exporter or importer of money.  When a Teller in New York receives lots of money from lots of remitters sending money to Manilla, that teller needs a way to get more bitUSD with his fiat.  When the Teller in Manilla gets lots of bitUSD from lots of remittance receivers wanting cash he needs a way to more cash for his bitUSD.

If the New York teller contacts the Manilla Teller and wires a lump sum once a week for a flat fee of $50 via wire, then the whole remittance system works with near zero friction.  Competition drives the spreads to near zero.
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