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It's pain in the ass and quite extra bit of fees to send money from US to El Salvador. Even when the currency is the same. So using Bitcoin is presumably much b
by bubersson 5y ago
It's pain in the ass and quite extra bit of fees to send money from US to El Salvador. Even when the currency is the same. So using Bitcoin is presumably much better in this situation. 23% of El Salvador's GDP is from remittances, so this is a large use case.
- eloff 5y agoBitcoin is not cheap either to send, but it has an advantage here I think in fees. The volatility on the other hand could be problematic.