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In Venezuela, only the local currency is a problem. You could still send dollars. And refugee camps, might be better off getting food and medicine directly.
by Finnucane 8y ago
In Venezuela, only the local currency is a problem. You could still send dollars. And refugee camps, might be better off getting food and medicine directly.
- X6S1x6Okd1st 8y agoSending money long distances especially crossing borders is a non-trivial problem.
- freehunter 8y agoIs that problem any harder than sending Bitcoin, converting it to real money, and then trying to spend it? Because converting Bitcoin to Venezuelan Bolivars (or USD in Venezuela) is also a non-trivial problem.
- X6S1x6Okd1st 8y agoAgreed. Imo one of the benefits of Bitcoin is that it should provide a ceiling of cost of remittance that is Bitcoin tx fees 2x + inconvenience of using it to acquire goods. Unfortunately the progress on the second front has been extremely slow