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> Crypto is only fun when it’s arbitrarily going up in value, which would seem to be somewhat curtailed but these bans. From what I understand a huge use case
by fullstop 5y ago
> Crypto is only fun when it’s arbitrarily going up in value, which would seem to be somewhat curtailed but these bans.
From what I understand a huge use case for crypto is sending remittances. About 12 billion USD was sent to India from the USA in 2017 and the fees associated with a crypto transaction pale in comparison to that of Western Union.
The down side, of course, is the question of legality and market volatility.
This is not a use case that I personally have a use for, but I certainly understand the appeal of it.
- unmole 5y ago> fees associated with a crypto transaction pale in comparison to that of Western Union. Sending 1k USD to India via Wise costs 7.5 USD. The only reason remittance via crypto currencies seems cheaper is because pretty much every coin trades at a premium on Indian exchanges.