3 ms·
Ha, the cost of an abstract "cross border transaction" is zero. The problems start when you want to cash in and out. At this stage welcome to the real world and
by democracy 7y ago
Ha, the cost of an abstract "cross border transaction" is zero. The problems start when you want to cash in and out. At this stage welcome to the real world and appreciate the barriers Western Union/etc need to go through to comply with local AML/anti-terrorists/whatever laws. The "cryptocurrency" technology does not help in this case, that's the one of the crypto-shills agendas:
1. Cross border payments
2. Bank the unbanked 3rd world
3. Means to help for the hyperinflated currencies.
4. Store of value
All of them are completely delusional and only work for people who never had to make those payments, know 3rd world from the discovery channel and learn about hyperinflation on CNN.