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How would you send fiat to a family member stuck in Venezuela ? I agree that the value of cryptocurrency is hugely inflated, but it's not zero either. It's a go
by lurker456 8y ago
How would you send fiat to a family member stuck in Venezuela ? I agree that the value of cryptocurrency is hugely inflated, but it's not zero either. It's a good fit in some scenarios.
- sadturnip 8y agoHow would said family member actually convert the crypto into something that can be spent in their day to day lives?
- aclsid 8y agoWith an exchange that transfers money to your local bank account? I know at least two that do that for Venezuela.
- herval 8y agoYou could (and people do) send gift cards, or pre-paid debit cards. These have the added benefit of being accepted in stores, etc, whereas cryptocurrencies... not really?
- lurker456 8y agoAnything of value sent via snail mail gets seized. CC and bank accounts denominated in USD can't be used. There is a black market where people pay with physical USD and crypto.
- bduerst 8y agoThat's why people send the gift cards electronically, and they sell them on Facebook or something similar.