potato wroterolf wroteThe "last mile" of transferring cash into and out of Lebanon will be challenging for sure.
Although people come and go to Europe all the time, you have to find people who are worthy of trust and who are willing to take this responsibility.
An additional cost of doing business in Lebanon when we least need it.
I'm willing to travel to and from europe and anywhere you guys want me to go in exchange of paying my in and out tickets and related bills (food, commute etc..) and i will be responsible to handle this task. Imagine if this job was real :/
Forgot to add only during the weekends
Okay, so let's say
1. "customers": Lebanese who opened a bank account outside the country to keep their earned cash away from Lebanese banks. Customers will use their money + online banking or card to buy
bitcoins online
2. "mules" Mules will just take a ticket to Cyprus (for example) and withdraw Euros (or USD if possible) from an external account which belongs to the "merchants".
3. "merchants" Merchants will buy bitcoins from "customers" inside Lebanon and they will buy them against USD or LBP cash at the de-facto rate
From the customer point of view: Buy bitcoins, then sell them against USD cash in Lebanon. Get access to your USD without touching the Lebanese banks.
From the merchant point of view: Buy bitcoins on the online market, then sell them in Lebanon for a profit.
From the mule point of view: Take a trip, and withdraw from the merchant's account, and bring him cash so he can buy bitcoins. Get a free trip to cyprus or whatever, and possibly a commission.
Maybe I am overthinking this - the merchant can do the "mule trip" himself.
Why am I going through bitcoins? Well, the other alternative: do you want to give your debit card to some stranger and give them the PIN code, and hope they don't rob you? (otherwise you what, break their legs?). Or maybe do you want to go and carry a big amount of cash for someone you don't know - and carry this responsibility - what if the money gets confiscated at the airport?