Send Cash from your Gmail Account - Free

[JackisBack]

It's the social situation we all try to avoid; forgetting to pay someone back because we don't have any cash, or that card reader thingie, to do it online.

Well Google are having a go at making debt settling easier, by allowing users to transfer funds on email. It's coming in over the next few weeks for all Gmail users who are over 18 in the UK.

Users will have to click the "£" icon which will soon appear on emails, and enter the amount they wish to send.

More Here from the BBC

http://www.bbc.co.uk/newsbeat/31092995

[gerry123]

Google do nothing for free the very least you will pay is your privicy and in some cases that could be loads

[Pib]

Well, well, a little competition for PayPal.

[WhizBang]

Good for Google, bad for you and your privacy.

[RKASA]

Many banks already do this - exp I can use secure log in at BoA and ask BoA to send money to [email protected] they send them an email with link to secure site and they provide deposit info and bang the money goes. If you have sent between these parties before it is as fast as the email they only have to click OK - otherwise they take a few minutes to respond with some info and it is done the first time.

I have sent money to several people this way. You don't have to have any account info from them just there email address and they don't ever see mine. You make remarks in the transfer to note the reason for transfers.

Why bother getting involved with Google.

[Cheesekraft]

you can do this already with bitcoin, through email, desktop, phone, voice, paper, etc and it really is free (or ~6 cents for ideal transaction times)

[Anthony5]

Good for Google, bad for you and your privacy.

What is worse about your privacy than Google wallet or Paypal?

[yankee99]

you can do this already with bitcoin, through email, desktop, phone, voice, paper, etc and it really is free (or ~6 cents for ideal transaction times)

I think were talking about stable currency

[Suradit69]

Many banks already do this - exp I can use secure log in at BoA and ask BoA to send money to [email protected] they send them an email with link to secure site and they provide deposit info and bang the money goes. If you have sent between these parties before it is as fast as the email they only have to click OK - otherwise they take a few minutes to respond with some info and it is done the first time.

I have sent money to several people this way. You don't have to have any account info from them just there email address and they don't ever see mine. You make remarks in the transfer to note the reason for transfers.

Why bother getting involved with Google.

Yes I have a Bank of America account and can have them send money to someone by check or by direct deposit to their bank account using the BoA website.

I seem to recall Yahoo tried some payment system quite a long time ago. I think it has since disappeared.

Snapchat started something like that too at the end of last year.

[Cheesekraft]

you can do this already with bitcoin, through email, desktop, phone, voice, paper, etc and it really is free (or ~6 cents for ideal transaction times)

I think were talking about stable currency

for what I am suggesting you dont need to be involved in bitcoin currency, you can immediately sell it and suffer / benefit none from the volatility. I am not suggesting investing in it.

[JDGRUEN]

Americans can use an American Express product called the Bluebird card. It has numerous features but one of them is - IF a relative, friend, business partner - anyone with which you need to transfer cash has a bluebird card too. You get a Bluebird card (Pre-Paid . low fee - no fee)... and the other person gets a separate Bluebird card / account. Then you can do a BB Card to BB Card cash transfer to the other party. Just go to the ATM and get the cash out.

Just have the use of an American address and a Social Security number... and an email address to get the card. You can apply on line and have the card sent to the American address... then have it forwarded to you here in Thailand for use.

bluebird.com

[snapchatapp]

Apart from gmail, even you can send cash with your Snapchat account. isn't it amazing

[Crossy]

and LINE soon http://www.thaivisa.com/forum/topic/919849-rabbit-line-pay/

[hyperdimension]

Most of these payment "solutions" are still tied with the existing outdated and inefficient banking system, which was not designed to handle payments over the internet.

My preference is bitcoin. It was designed especially for the internet and is very programmable. You still need a bank account to exchange from fiat currency to bitcoin and vice-versa, but once you have bitcoin it's completely outside the banking system, like owning gold but in electronic form.

There has been big news lately about Ethereum and The DAO (Distributed Autonomous Organization). If you want to learn about true innovation and new paradigms in the intersection of finance and technology, read up on those. The old banks are struggling to keep up with such innovation.

[lopburi3]

No it is not like owning gold. Gold is a material thing with real world value - bitcoin is valueless data depending on cult acceptance. I don't believe in the tooth fairy.

I will be sticking with the "old banks" myself.

[hyperdimension]

No it is not like owning gold. Gold is a material thing with real world value - bitcoin is valueless data depending on cult acceptance. I don't believe in the tooth fairy.

I will be sticking with the "old banks" myself.

Value is in the eye of the beholder. As long as at least two people believe something has value, whether it be sticks, rocks, saliva, or faeces, it can be used as a currency amongst those people to exchange items between themselves. I mention faeces because despite most of us perceiving it as a waste product, farmers see its value as fertilizer for their crops.

Just because something is in data form it doesn't mean it has no value. These days a lot of things in data form has value to many people and we'd pay money for it, e.g. movies, music, pictures / pornography. Who prints their photos these days? Most people keep it in data form on their phones or computer hard disk drives. If a hard disk drive dies many people would be willing to pay money to recover their treasured family photos from the failed drive.

Bitcoin is widely perceived to be valuable for many reasons. One of those is that a bitcoin cannot be duplicated like ordinary data, as if it could then supply would be unlimited and anything with a high supply has little value. It also has utility value, as it is a truly borderless currency and has enabled the possibility of transferring value anywhere there is internet access. If you try to do a same-day transfer of 5 USD to someone in China or Zimbabwe or North Korea it would be either completely or almost impossible, or not worth doing due to fees. With bitcoin you can transfer such amount of value almost instantly to anyone who has internet access regardless of where they are, and regardless of whether they have a bank account. That itself is revolutionary.

It doesn't have to be a one-or-the-other situation; you can hold a mixture of supposedly valuable things, including USD, THB, gold, Bitcoin, Litecoin, etheruem, DAO tokens, shares, etc. If you don't perceive something to have value then you don't have to own any of it, whilst others who do can hold and use it and trade amongst themselves. People can do what they want (in a democracy).

Cryptocurrencies is a very interesting topic as there are many different perspectives and can therefore be worth reading up on. I don't really have any incentive to evangelize cryptocurrencies, and it wouldn't bother me if there are people who choose to ignore it; I have done plenty of my own research and I think it's going to grow into the future and am excited about it. Bitcoin could eventually be the de facto currency of the internet for all monetary transactions on the internet, and Ethereum could be the platform for programmed smart contracts. Handwritten signatures may eventually be a thing of the past as cryptography becomes further applied for contracts and transactions.

[Mark123456]

How much would it cost the recipient in China or North Korea to exchange that $5 worth of bitcoin into local currency so they can actually spend it, and would they even be able to do so?

[hyperdimension]

How much would it cost the recipient in China or North Korea to exchange that $5 worth of bitcoin into local currency so they can actually spend it, and would they even be able to do so?

It depends on where or with who they do the exchange of the bitcoin to their local fiat currency. If there is a bitcoin exchange in their country, they can easily do it on there, and pay the exchange fees. If there is no exchange, they'd have to find someone who wants to buy the bitcoins from you. There are websites like localbitcoins.com that have been designed for that. It may be possible to advertise on discussion forums / social networks too, as there may be someone who wants some bitcoin.

There are giant bitcoin exchanges in China like BTCC (formerly BTCChina) and Huobi where the trading is extremely active (you can see the trades happen in real time, with the price changing constantly, just like watching a stockmarket in real time).

The exchange fees are usually a small percentage of the amount being converted, e.g. 1%. There is also the ask-bid spread, which may be dependent on liquidity in the real market.

Rather than exchanging the bitcoin to local fiat currency, it may also be possible to spend it for goods and services at merchants who accept bitcoin.

In the near future I envision that people will hold a mixture of their local fiat currency (for use in every day life only within their country), and bitcoin (for use in international transactions over the internet).

Edited May 27, 2016 by hyperdimension

[B1TcoinLife]

you can do this already with bitcoin, through email, desktop, phone, voice, paper, etc and it really is free (or ~6 cents for ideal transaction times)

I think were talking about stable currency

for what I am suggesting you dont need to be involved in bitcoin currency, you can immediately sell it and suffer / benefit none from the volatility. I am not suggesting investing in it.

I would suggest exactly that!

Is up nearly 20% in a bit over a day....

It won't be everyone's cup of tea but there is most certainty a profit to be made...

[A1Str8]

People still use gmail????? No s#i!.

[taitaimaxiandsimi]

Is there a service where I can pay in US$ and then bitcoins are paid to another person ?


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