Hi Irwin, I was reading one of the posts earlier this evening. It was about converting SBD to Bitcoins to USD and then transferring these dollars to PayPal. It requires lots of trust to sell Bitcoins to a stranger. So, my question to you is, do you really think it's a 'highly secure way' to exchange funds just because the banks are excluded? Just confused. I hope you explain it for me.
I enjoyed reading this post. It's written in a very good manner. So, keep writing and posting for people like me.
Happy Steeming!
Hi Yasir, good question! I have not seen any simple solution yet that allows someone who for instance is only locked into lets say Bitcoin and no longer uses a personal bank acount. So how do we then transfer or send someone money without going via the chain. i.e. Person A transfers or sends money from Bitcoin to Person B directly into Person B's bank account.
I do see some projects coming up at the reserve bank to look at sandboxing a Bitcoin environment, but I still need to dig deeper and see what they are up to.
I do know that you can use Virwox to buy Bitcoin using Paypal.
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