OpenRuby.com

21 Nov '12, 2am

realizes significant competitive advantages using #bitcoin. An interview with founder Jay Shore.

Coinabul.com is a precious metals retail sales site where users can buy gold and silver coins and bars online with bitcoin. Products are mailed to customers using insured deliveries. Tonight, I spoke on the phone with Jay Shore, the founder and principal of the company. I wanted to find out more about the company and how it operates and uses bitcoin. Coinabul is a US-based company. Approximately 50% of its business is with US customers and 50% with international customers. All customer orders are processed using bitcoin. Coinabul currently employs 7 people, is a completely self-contained business fulfilling all orders itself. Bitcoin a key competitive advantage Using bitcoin allows Coinabul to offer significantly better overall prices to its customers because of the low cost to the company to process orders and low costs to its customers using bitcoin as the medium of exch...

Full article: http://joecascio.net/joecblog/2012/11/20/coinabul-com-a-p...

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