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>Do you think it's as easy for those in India, China, or Kenya, for instance? Actually yes. Take a look at xoom.com and it's competitors for example (flat rate
by callmeal 7y ago
>Do you think it's as easy for those in India, China, or Kenya, for instance?
Actually yes. Take a look at xoom.com and it's competitors for example (flat rate money transfers at a fraction of swift fees). Only issue is getting money out of those countries. But that is a political and national issue.
- nicky0 7y agoAnd how about Venezuela? Or for people without a bank account?
- vkou 7y agoAre people actually using BTC in Venezuela, or do they just claim to be from Venezuela, and are asking for donations into their wallet? > Or for people without a bank account? I'm having strong doubts that you actually understand how the world banks. There are hundreds of millions of people who don't have bank accounts, and use electronic payments through their cell providers.
- roywiggins 7y agoWestern Union will let you put physical cash in someone's hand from across the world if you are willing to pay their fees. Venezuela barely has a functioning electrical grid, so cryptocurrency would not seem to be a foolproof solution there.