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"So maybe that drives a lot of this trading" No data supports this. For some reason articles occasionally still make this claim, but no sources support this.
by mrb 10y ago
"So maybe that drives a lot of this trading"
No data supports this. For some reason articles occasionally still make this claim, but no sources support this.
In fact I am aware of a study that reports the opposite: that Bitcoin commerce is no longer driven by "sin" activities but instead by legitimate enterprises: https://papers.ssrn.com/sol3/papers2.cfm?abstract_id=2808762 https://papers.ssrn.com/sol3/papers2.cfm?abstract_id=2808762
- mathattack 10y agoI've seen anecdotally a lot of use for cross-border payments. (Try wiring $500 to grandma, and see how many middlemen take a share)
- awa 10y agowell, there are bunch of services which make it easy (e.g. xoom.com) and allow tracking of transactions and verification of transfers etc.
- alanfalcon 10y agoUnrelated: I remember when xoom.com was an e-mail service provider with free web space back in 1999. Feels weird to see URLs recycled like this. http://web.archive.org/web/19990508170650/http://www.xoom.com/home/ http://web.archive.org/web/19990508170650/http://www.xoom.co...
- arturmakly 10y agoxoom rocks this
- Someone1234 10y agoI just use TransferWise. Works great. I used to use Xoom but every six months when I'd go to do a transfer they'd need more security verification and it got tiresome. Although that was a few years ago, maybe it is better now.
- digitalronin 10y agoServices like TransferWise and Xoom are great, provided both parties have access to good banking services. But, a lot of the remittances market is people working in a foreign country sending money back home to people who may well be unbanked. Some of the startups targeting that market, using bitcoin as the transfer layer, are pretty interesting.