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Sending money internationally via fiat is a pain in the ass. It’s slow, unreliable, typically has limited amounts, often you run into regulatory roadblocks, hig
by wyager 5y ago
Sending money internationally via fiat is a pain in the ass. It’s slow, unreliable, typically has limited amounts, often you run into regulatory roadblocks, high fees, not all banks accept wires in the currency you want to send, etc. And I’m a “power user” with accounts at multiple international brokerages.
- vmception 5y agoSame. And usually those regulatory roadblocks are really just a private company’s interpretation of regulatory roadblocks, or them just throwing their hands up not wanting to deal with the regulation but inconvenience their customers while calling it “security reasons”. So yeah unlimited amounts and faster and 24/7 are available over crypto networks. I’m not sure what people want to read, its like they are waiting for a citable source about something thats just available.