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Similarly, if I wanted to pay someone a $1, I would give them a $1. Except I am trying to send some cash to my retired mother in Belarus for a month and a half.
by hippich 4y ago
Similarly, if I wanted to pay someone a $1, I would give them a $1. Except I am trying to send some cash to my retired mother in Belarus for a month and a half. She is not under any sanctions, her bank is not sanctioned. Yet wire transfer stuck in some Fed's system (for the second time, first time i sent it, it was just returned 3 weeks later without explanation, and only now I know the real reason.)
Traditional money transferring companies all exited Belarus (PayPal, Western Union, etc.) Now we exploring ability to send some kind of crypto, either bitcoin or stablecoin, in Belarus as a last ditch effort to send over some $1s...
- pphysch 4y agoStay safe
- BetaDeltaAlpha 4y agoThis was one of the original use cases of Crypto! Have you looked at the Stellar Project? They've got a lot of remittance systems running on it that may suit you. Algorand is also a low-cost alternative, if you're looking to frequently send small amounts (assuming your mother has access to a fiat off-ramp like Binance).
- hippich 4y agoUnfortunately, most (all?) international transfers are no-go for her. So we are looking for someone inside Belarus who can do a cash transaction or local bank transfer instead.
- BetaDeltaAlpha 4y agoSorry to hear, best of luck