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I've seen anecdotally a lot of use for cross-border payments. (Try wiring $500 to grandma, and see how many middlemen take a share)
by mathattack 10y ago
I'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.