3 ms·

I found it useful for lower costs in sending money across country and currency borders. Someone will reply and say it's not actually cheaper, but what is avail

I found it useful for lower costs in sending money across country and currency borders. Someone will reply and say it's not actually cheaper, but what is available for the average joe it is definitely cheaper. It's also faster and more convenient if both sides have bitcoin exchange accounts.

wmf 9y ago
One may wonder, however, why traditional money transfer is more expensive if it doesn't even require mining. Is it because of regulations by any chance?
- Shorel 9y ago
  Banks have a very profitable spread when buying and selling foreign currencies. For transfers of money in the same currency... it's just greed, in my opinion.
- firethief 9y ago
  Regulatory capture. It's not easy to open a competing bank.