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This is a very privileged, first-world perspective on things. You probably have a checking account, and a debit card. If you only have cash, and want to send mo
by LeoPanthera 6y ago
This is a very privileged, first-world perspective on things. You probably have a checking account, and a debit card. If you only have cash, and want to send money to (for example) family in another country, it gets very expensive, very fast.
Exchanging cash for cryptocurrency without a bank inbetween is a pain in the ass, but its a hell of a lot cheaper than, for example, Western Union.
- tiltrus 6y agoWhy not just use TransferWise? Wiring money can get expensive, I agree, but there are many P2P currency exchange platforms out there these days that cost next to nothing.
- seisvelas 6y ago>This is a very privileged, first-world perspective on things. You probably have a checking account, and a debit card. If you only have cash, and want to send money to (for example) family in another country, it gets very expensive, very fast. I live in Mexico, I don't know if we're first world or not. We're kind of in between. We have bank accounts and debit cards here too. In the past when I wanted to send cash to the US or vice versa, I've used Western Union for the convenience - the local corner store (which in Mexico will be Oxxo or 711) has western union. When my family here in MX needs money, I just transfer it to their bank account via my bank's app. I think many people in the US overestimate how privileged they are compared to most of the rest of the world, to be honest. I lived in the US when I was young but left because life felt easier here in MX. Sorry for this kind of ambling response, I don't really disagree with anything you said, your perspective just piqued my interest :)