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> Better phrasing would be niche legitimate use cases not worth supporting, at least not domestically, if you’re America, the EU, China, India or Japan. Strong
by bhaak 3y ago
> Better phrasing would be niche legitimate use cases not worth supporting, at least not domestically, if you’re America, the EU, China, India or Japan.
Strong emphasis on "domestically". If you want to send money from one of those entities to another one, it gets hairy quite fast. I remember a time before SEPA and it was horrifying.
You can still have horrifying experiences with SEPA today. A German company once required that I send them CHF to their German IBAN. Which breaks several of the conditions for smooth SEPA transactions. IIRC for something like 30 Euro in value I had to pay 10 Euro in fees.
Wordwide is also problematic. If you can PayPal helps, but PayPal is its own hell, as many shop owners know. Credit Cards work but I can't send money via CC to a friend on the other side of the world, or can I?
I don't think Bitcoin or crypto is it but it would really be beneficial if we had some kind of money that is a first class citizen of the internet.
- JohnTHaller 3y agoFor context, the average bitcoin transfer fee is around US$19.20 today.