[mywittyname]

So, Paypal with the ability to accept and dispense cash without a bank account.

The biggest problem they have is that they are using Bitcoin instead of USD. It's going to make it difficult and expensive for dealers to extract their value in less used currencies. What will end up happening is dealers will need to exchange BC for USD ($$), then exchange USD for their currency (more $$). At that point, it won't be cost effective for dealers.

The volatility of BC is going to hurt dealers even more. Unless coins.ph is willing to eat the costs of this volatility themselves.