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I know fees are higher now, but a big use case could potentially be people sending money to friends/family overseas. They're much lower fees comparing them to W
by companyhen 9y ago
I know fees are higher now, but a big use case could potentially be people sending money to friends/family overseas. They're much lower fees comparing them to Western Union. Saw that in the Banking on Bitcoin documentary on Netflix, I recommend watching!
- jonknee 9y agoPossibly lower fees than existing solutions, but you have to factor in converting currencies, crossing the bid ask spread twice on different exchanges and the risk of volatility during the transaction. If you want a low cost transfer you're much better off using something like TransferWise.