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Most global payments are transactions, not cash transfers, and the transacting parties have banking relationships that make those transfers low cost and strictl
by shuckles 6y ago
Most global payments are transactions, not cash transfers, and the transacting parties have banking relationships that make those transfers low cost and strictly superior to Bitcoin.
- marfusios 6y agoAs a freelancer based in EU working on some US projects, I'm forced to pay 5.5% fee to PayPal or some fix fee to the banks (SWIFT payment). Plus conversion fee from USD to EUR (or my local currency). That's too high for just a simple thing as receiving money from different country. Really looking forward for that Strike Global.
- itsArtur 6y agoUse Revolut
- logifail 6y ago> I'm forced to pay 5.5% fee [..] > Plus conversion fee from USD to EUR [...] > a simple thing as receiving money from different country Moving money between currencies has never been easier, or cheaper. I would humbly suggest you're doing it wrong.
- elvatoloco55 6y agoOh really? Fees are low for accepting foreign currency for a business, please do tell your secrets. Lol, classic US centric view
- nly 6y agoTransferWise?