Silk Road forums
Support => Feature requests => Topic started by: shopper1888 on June 22, 2013, 02:28 pm
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how about if silkroad or a third party set up an account to change cash for BTC. Members could put cash in from, say western union, and vendors could put in bitcoins.
For example, a member and vendor does a deal of, say $100. When the vendor puts in his $100 worth of BTC he gets a code which enables him to take out the members cash and vice-versa ** but only when both sides have entered their money** they cannot take their money back out again when inputted.
Neither can remove the cash until both have put the correct amount in and when both have done this they can take their respective cash.
Maybe 3% of the transaction could go to the third party.
This seems too simplistic but I cannot see how it could not work. If there is a flaw then I am sure soemone will tell me but be respectful in taking the piss please.
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So you suggest vendors go into a WU office and get payed out there? Sounds a bit sketchy if you ask me....