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You can do this w/ crypto but pay only a few cents. I can show it to you if you want.
by Jommi 4y ago
You can do this w/ crypto but pay only a few cents. I can show it to you if you want.
- sireat 4y agoI am extremely skeptical that it will only cost few cents. (I've sent and received BTC in early 2010s) On ramp and off ramp to fiat will kill you - whether through transaction fees or through slippage. Let's say I am in US with 10k USD cash and I want a family in Ukraine (let's say somewhere safeish like Lviv) to have that 10k USD in hand. Crypto is going to be more expensive than Western Union/Transferwise/SEPA/regular bank transfer/courier through friends. That is the problem with crypto transfers - sure most crypto coins can be transferred cheaply. However that "cheapness" only works as long as you stay in crypto verse.
- Jommi 4y agoI mean there is no way you can get them USD as cash in hand if that's what you mean. Do you mean USD as in a multi-currency bank account like revolut? Onramp via onjuno, convert to USDC, send to your polygon wallet, convert to jEUR on Jarvis, send jEUR to friends wallet, they offramp jEUR with 0 fees to their IBAN bank account in ukraine via mt.Pelerin. You only pay the polygon token transfer fees here. Times have changed since 2010!