Author Topic: Sending BitUSD to a fiat bank account  (Read 745 times)

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Offline mike623317

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Sending BitUSD to a fiat bank account
« 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

Offline yvv

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Re: Sending BitUSD to a fiat bank account
« Reply #1 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.

Offline xeroc

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Re: Sending BitUSD to a fiat bank account
« Reply #2 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
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline mike623317

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Re: Sending BitUSD to a fiat bank account
« Reply #3 on: June 20, 2016, 10:19:24 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?