Liberty Reserve sounds good. I could first make a service that only
accepts LR, and add more options later. The weakness is that buying LR
is an extra step of inconvenience when the customer just wants to get
Bitcoins. But maybe I don’t have too much choice here.
Do you have electronic transfer or paper cheque in your country? (even if only within Europe)
Yes, electronic bank transfer is available. During 2010 most European
countries will become a part of SEPA (Single Euro Payments Area),
which means that all payments within Europe are to be considered
domestic. Banks will have to apply the same fees and standards to all
domestic transfers, so they’ll probably all be free of charge and
complete in one bank day. For international transfers there’s the
SWIFT/IBAN system, which usually costs some extra.
A longer term project for my exchange service would be to see what
kinds of integration options the banks have to offer. Bank transfers
would reach nearly as many customers as credit cards do.
Source: Published by Martti Malmi on GitHub in February 2024 as part of his testimony in the COPA v. Wright trial. The full correspondence archive is available at mmalmi.github.io/satoshi/.