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Is there any actual evidence that this is true, taking the exchange rates in cryptocurrency exchanges into account?
by louwrentius 7y ago
Is there any actual evidence that this is true, taking the exchange rates in cryptocurrency exchanges into account?
- goblin89 7y agoWhat is in doubt here, value provided by cash? A friend of mine uses (used?) cryptocurrency for transferring/receiving money to/from a sibling across the ocean. Converting to/from local currency is apparently cheaper relative to PayPal rates. (Plus, in some countries PayPal et al. restrict accounts not associated with a bank, making it even less attractive to unbanked.) What is unclear to me personally is whether benefits outweigh other implications, once everything gets amplified by scale.
- louwrentius 7y agoThis is a very uncommon esoteric situation.