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Bitcoin Doesn’t Make Remittances Cheaper
- prostoalex 11y agoThe last mile is not necessarily evil pawn shops - a lot of countries license money transmitters and impose "know your customers" rules on them, which relate to money laundering laws and various other legislature. Large incumbent operators (Western Union, Moneygram, banks) have compliance departments and operate at scale, a new entrant with limited transaction volume would have to grow fast just to cover the compliance costs.