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I don't know if you'd count it as a blockchain solution but I constantly use crypto to send money to my family and it's the best solution that I've found. And
by ccortes 6y ago
I don't know if you'd count it as a blockchain solution but I constantly use crypto to send money to my family and it's the best solution that I've found.
And yes, I now about transferwise, paypal, swift, etc. And using crypto is faster and cheaper.
- imtringued 6y agoWhat are the tax implications for the receiving side?
- Karunamon 6y agoI call maximum shenanigans on "cheaper" unless you're sending large amounts of money. Bitcoin: ~$25 Ethereum (and all tokens): ~$17 For comparison, to burn that much in fees on Paypal (2.5% + 30c), I'd need to send around 10K. Crypto is currently pointless for anything other than big transactions, and the unpredictability of the transaction fees, let alone the coin's value, is a big problem.