BitShares Forum

Main => General Discussion => Topic started by: mike623317 on June 20, 2016, 03:34:08 pm

Title: Sending BitUSD to a fiat bank account
Post by: mike623317 on June 20, 2016, 03:34:08 pm

Hi Guys,

I was wondering if there has been any discussion regarding the ability to send fiat smartcoin value back to a fiat bank. I'm not sure how that would work, but im thinking about usability.

It would be great if at some point in the future we could take $5,000 of bitUSD and transfer it to someones account a fiat bank in payment for something.

Yes it would be great if the recipient had a bitshares address, but im just thinking about utility.

Thanks

Title: Re: Sending BitUSD to a fiat bank account
Post by: yvv on June 20, 2016, 04:38:42 pm

The only fiat ramps are currently provided by open ledger and transwizer. If you are not in EU or China, you are shit of luck.

Title: Re: Sending BitUSD to a fiat bank account
Post by: xeroc on June 20, 2016, 09:20:12 pm

obtaining a banking license takes time .. i have yet to meet an existing bank that is willing to go that route with bitassets

Title: Re: Sending BitUSD to a fiat bank account
Post by: mike623317 on June 20, 2016, 10:19:24 pm

Quote from: xeroc on June 20, 2016, 09:20:12 pm

obtaining a banking license takes time .. i have yet to meet an existing bank that is willing to go that route with bitassets

I agree and expected that. Hopefully more options will open up as time goes on.
So for now, openledger offer a debit card that you can preload dont they?