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What's the benefit of this over doing a direct exchange. ie. Local currency <--> foreign currency?
by gulperxcx 9y ago
What's the benefit of this over doing a direct exchange. ie. Local currency <--> foreign currency?
- bluetwo 9y agoOnly think I can think of is that it is hard to trace, which is important if you are trying to get cash out of China or Russia (or probably other places). Technically this use is still likely to be illegal.
- divbyzer0 9y agoThat is not the use case I had in mind, think of amazon, ebay, etsy for international customers looking for a friction-less exchange. And bear in mind, my original point is that bitcoin is moving away from the original intent.
- divbyzer0 9y agoThe exchange would require a large amount of various currencies in stock. With bitcoin in the example I gave earlier, the only currency required by both local exchanges would be Bitcoin, simplifying.