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Unfortunately, its value is inalienably attached to the dollars that it can be redeemed for. And so long as Coinbase has to take legitimate AML and KYC measures
by kolbe 8y ago
Unfortunately, its value is inalienably attached to the dollars that it can be redeemed for. And so long as Coinbase has to take legitimate AML and KYC measures, many people who need access to the redemption market will not have it (e.g. poor families using it for international remittances, and cartels).
- arcticbull 8y agoDid you know international remittances are already really, really cheap? Check out compareremit.com if you don’t believe me, they rank different services. Some corridors like USD-INR are almost mid-market, zero fees. I thought this was a huge opportunity too until I researched it.