My best friend Michael Mertens CEO from cryptotec.com Germany is working on a new project. U will be able as a merchant to sell bitcoin yourself. there will be no need for a Bitcoin ATM or a regristration at an exchange. As a customer u can buy directly with fiat to your Wallet.
Video translation text from german:
To buy Bitcoin in stores, we have developed a Bitcoin cash register. With this you can easily carry out a Bitcoin sale on any cash register. The user interface in beta is shown here. The customer can now scan his Bitcoin wallet to buy Bitcoin. For this, a QR Code reader is connected to the cash register. The bitcoin address is entered automatically. Then you get into the view in which you can select the purchase amount. For this case, 1 Euro was selected in Bitcoin. The current purchase price, the conversion rate and the current bitcoin value are displayed. After the purchase must be confirmed by the cashier that the money was received. Then two cash vouchers are printed. One to the internal whereabouts and one for the customer. The transaction has been completed and will be credited to the customer's wallet.
The project name is coincompany
Bitcoin Sales FAQ
As of: 10.02.2019-1
1.What POS systems work, which minimum requirements are technically met.
• PC with Windows, Linux or MacOS
• Preferred: Windows version 7 or higher
• Internet access
• QR code reader
2.What hardware and software components do I need as a seller, what do the hardware / software cost, how do I get the software and hardware.
• QR code reader (for example Netum NTM-5): 50 €
(possibly existing can be used)
• Existing POS PC can be used
• The software is provided free of charge.
3.How do I install the software and hardware. Manual? Download? Hardware provider?
• Hardware: Plug in USB
• Software: Installer of the cash register software. Installation instructions available.
4.What do I have to sell as a seller of the Bitcoin financially.
• A commission on every sale (2% as a branch, 4% as a sales company) (to be defined)
5. What Mage do you have on sale% at the current BTC price.
• 2%
6.What KYC do I need as a seller or buyer.
• Verification via identity card. For already verified customers also via customer card
7.How does the backflow of money originate from the dealer who sells. How do you get the money back from the merchant for the bitcoin sold and how is it remunerated?
The merchant pays the money to the account of the distributor. The distribution company transfers to the B2B dealer. The distributor receives an invoice from the B2B distributor. The distribution company retains its commission.
8.Who provides the bitcoin.
• The B2B dealer
9.How is the legal status for me as a seller or buyer.
• The legal situation prevails in the respective country.
10.Can you also sell Bitcoin again using the same system?
• This will be possible in a further expansion stage.
11.Which wallet do you recommend to the end user who does not yet have a wallet?
• iOS: Blockchain or Jaxx
• Android: mycelium
12.Minimum purchase price in Euro?
• Economical: 10 €
What do u think about the idea? Is this a good business case for you. We need people who like to help on Logos, explainer in english,Video creators ,shopowner who would like to try this. get in contact. This project is completly selffunded at the moment. We are onboarding business partners.
Say I want to be the Bitcoin seller of my area and people come to my house to buy Bitcoin, is that possible?
Keeping my fingers cross idea will pass. I see potential issues regarding law (talking about my country), but I really would like to see this idea going live.
Yeah legal issue is the biggest Problem. We are checking for Germany ,Austria and Switzerland at the moment.
I wish you all the luck! And I really hope your friend will succeed!