Danny Brewster, stages comeback by making buying & selling bitcoins as trusted and easy as purchasing a mobile phone top-up
Today, Fastbitcoins.com, a service that allows everyday people to easily and safely buy bitcoins in physical retail outlets using cash, announces its public launch. The company is founded by former, Neo & Bee Managing Director and Bitcoin industry veteran, Danny Brewster, who is on a mission to restore his credibility, whilst building awareness of the benefits Bitcoin can have on society. The launch follows a successful public test of the service from the back of a London Black Taxi in December 2018.
Fastbitcoins.com is building partnerships with merchants in the UK and Canada to empower them with a way to sell the currency. It will be sold to customers in a range of ways, including physical gift cards, prepaid vouchers generated through point of sale terminals; vouchers that are redeemable for bitcoin through the Fastbitcoins.com website; Bitcoin wallets that have integrated the services, and through a soon-to-be-mobile application.
For merchants, having the means to sell bitcoin vouchers provides an opportunity to differentiate from competitor stores with a unique offering. Despite the headline grabbing fluctuations of the Bitcoin market, demand for bitcoins remains high. More and more people are recognising it as a long-term store of value - just like gold as opposed to government money - and this will not change anytime soon. Physical stores are well placed to capitalise on this demand and start generating additional income.
With Fastbitcoins.com, selling the vouchers is easy and risk free. At a basic level the business provides merchants with the option to sell physical gift cards. It can also equip them with nifty sales terminals that look similar to a credit card reader. Each time a sale is made, Fastbitcoins.com starts to pay out commissions.
Talking of the reasons for creating the company, Danny Brewster, Managing Director of Fastbitcoins.com, said: “Fastbitcoins.com provides a quick, safe and incredibly simple way for anyone to get exposure to Bitcoin - for investment purposes, or for the tech savvy wanting to understand the technology a little better. We take away the current pain points blocking normal people buying bitcoins; there is no complex process involving signing up to a Bitcoin exchange or network and having to convert your money. Customers can now just walk into a Fastbitcoins.com partner shop and buy bitcoins with the same ease and speed as buying a prepaid telephone/cell-phone credit/top up voucher.”
Commenting on his reputation and how it will impact the business, he adds: “Given my past, I am fully aware that I will be under more scrutiny than anyone else in the Bitcoin community. But I see this as an opportunity, because it also puts more onus on me than anyone else in this space to deliver a safe and trustworthy service. The easiest thing for me to have done would have been to walk away from the industry altogether, or employ someone to be the public face of the business. Yet, despite my past and all of the false allegations thrown at me, I’m committed on two things: correcting mistakes made, and bringing the benefits of Bitcoin to society.”
Fastbitcoins.com is set up in a way that offers merchants and customers full transparency. The business never holds customers’ bitcoins: they are delivered to them within minutes of their voucher being redeemed. It is also committed to providing customers with total transparency around exchange rates and fees, and offers a competitive spread compared to other cash-to-Bitcoin vendors. It will be the first exchange that delivers bitcoins on the lighting network too, enabling our customers to experience the fastest and cheapest transactions.
Fastbitcoins.com allows everyday people to buy bitcoins in retail outlets using cash. We are committed to providing customers with total transparency around exchange rates and fees, and offer a competitive spread compared to other cash to bitcoin vendors. We are the first exchange that will deliver bitcoins on the lighting network too, enabling our customers to experience the fastest and cheapest transactions.