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I like crypto, at least it's interesting. But what still annoys me is that I have to pay so much for sending money. It's hilarious, SEPA and other methods are c
by apples_oranges 5y ago
I like crypto, at least it's interesting. But what still annoys me is that I have to pay so much for sending money. It's hilarious, SEPA and other methods are cheaper. I bet Western Union is cheaper, and they have airport prices...
- devoutsalsa 5y agoThose ETH gas fees are crazy. I recently had to pay ~25 USD to throw a few hundred bucks worth of TIME on wonderland.money (do not recommend if you like making money). I recently sent 1000 USD to Tunisia via Western Union using my debit card, and the fee was $7.
- latchkey 5y agoThe receiver in Tunisia needed to provide proof of identity to claim that money. If they are a foreigner in Tunisia, they might also need to provide a passport, valid visa, etc., as well as deal with someone in a foreign language. I'd prefer my money to go to my phone and not have to deal with anyone in person or give up my personal information, especially over small amounts like $1000. ETH is L1. There are alternative L2 blockchains that cost pennies to send funds.
- matheusmoreira 5y agoThis is why BNB got huge. It's ETH but more centralized and with less fees. Made it easier to play with smart contracts. Made it easier to scam people too.