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Bit coin simply doesn't help with remittances: https://www.saveonsend.com/blog/bitcoin-money-transfer/ https://www.saveonsend.com/blog/bitcoin-money-transfer/
by joosters 11y ago
Bit coin simply doesn't help with remittances: https://www.saveonsend.com/blog/bitcoin-money-transfer/ https://www.saveonsend.com/blog/bitcoin-money-transfer/
- circlecrimson 11y agoBitcoin helped me with servicing my loan in my home country when I was earning in another currency. I escaped foreign exchange fees. Its a use case that a lot of people have but it's unfortunate that the most vocal people telling us bitcoin can't do something are those who don't seem to have that need for its use.
- CyberDildonics 11y agoThere is no truth to that and I'll tell you why - a bitcoin ATM in one country and a bitcoin ATM in another country are all you need. If the combined spread is less than a money transmitter, then you save money. It is very simple. Many exchanges have around a %1 spread. Many remittance services are 10% or more. This is not rocket science and the article you linked to is from a service threatened by cypto-currencies.