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Yes, 8 USD each time. Do you actually know how often people send remittances? Sometimes every day Do you see the problem or not?

• IfOnlyYouKnew 4y ago
  I see the problem with you just making stuff up.
• littlestymaar 4y ago
  It's not as if bitcoin was free either … There's transaction fees, the exchange's margin, and the local broker's margin (because yes, many of these people can't just use an exchange by themselves to cash-out their bitcoins). Also, I'd be curious if you had source about the “every day” part, because I find it pretty unlikely, since it's costly, time consuming (the cheapest way to send money is going in physical stores), and people aren't usually earning money every day …
  • wariawful 4y ago
    > since it's costly, time consuming (the cheapest way to send money is going in physical stores) DING DING DING we got a winner boys!
• prepend 4y ago
  I don’t know anyone who sends remittances daily. Most send a portion of their paycheck so weekly or biweekly. And many people I know batch those payments to reduce fees so they send monthly. The problem is that sending in Bitcoin is more expensive than WU.
  • wariawful 4y ago
    Thats because its not economically viable not because they wouldnt want to.... Ever heard of the LN?
    • prepend 4y ago
      And because no one gets paid daily and wants to use it. Yes, I’m familiar with LN.
      • wariawful 4y ago
        Classic privileged american that cant see beyond his own backyard "No one gets paid daily", srsly, you ever been to another country outisde US/Europe?
• pessimizer 4y ago
  The question is not whether there is a fee, but whether bitcoin represents a significant reduction of that fee.