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Ouch for my crypto investment, makes no difference to my crypto product. And that's the point, price of bitcoin is irrelevant to most crypto products. We're in
by mavdi 8y ago
Ouch for my crypto investment, makes no difference to my crypto product. And that's the point, price of bitcoin is irrelevant to most crypto products. We're in the business of Fiat > Crypto > Fiat instant money transfers which is immune to what the current market is.
Crypto as a technology will keep moving forward.
- kasey_junk 8y agoHow is it possible that the USD/Bitcoin pair price doesn’t impact currency transfer businesses?
- JumpCrisscross 8y ago> We're in the business of Fiat > Crypto > Fiat instant money transfers Moving in and out of crypto is not instantaneous. You might move cash before confirmations are in, in which case you’re taking on credit risk, but you’ll still be losing money on your collateral’s value falling.
- notyourday 8y ago> We're in the business of Fiat > Crypto > Fiat instant money transfers which is immune to what the current market is. You should chat with Pablo, Luiz and Patel. They own a bodega, a bill pay stall and an electronics stall in a rapidly gentrifying part of Brooklyn. All three of them have been providing this service for years, without the need for expensive computer equipment or bitcoin. Some of their customers don't speak English, have a fourth grade level of education and just fill out slips of paper to send/receive money worldwide within a few minutes.