By offering some fundamental bitcoin security measures, BitQuick, a peer-to-peer cash-for-bitcoin start-up, aims to serve the underbanked market and boost the process of buying bitcoin with cash.
The idea is to reduce in-person cash-for-bitcoin transactions to the minimum, which on other services could involve the inherent risk of meeting an unknown person for monetary exchange.
BitQuick CEO Jad Mubaslat said that the start-up can revamp its image to capture the segment the market which is mostly overlooked by leading companies, telling CoinDesk:
"For the buyer, you don't have to be banked. If you don't have a bank account, you can't do the things Circle and Coinbase require."
