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> It works well for sending money across the world What is “well” here? Using Wise or similar almost always ends up cheaper and faster when you factor in the
by petesergeant 3y ago
> It works well for sending money across the world
What is “well” here?
Using Wise or similar almost always ends up cheaper and faster when you factor in the need to go to/from fiat, and the chances that you’ll fat-finger the transfer and lose your money, get difficult questions from your bank, or that Wise will collapse with your balance are much reduced as compared to using crypto for this.
If you’re trying to evade capital controls, however immoral you may consider them, well that’s something different.
- TheDudeMan 3y agoHow many times has the Bitcoin network collapsed?
- petesergeant 3y agoThe network? No idea, but I suspect low. The exchanges that the vast majority of humans will need to use to convert to and from fiat? I think it's easier to count the ones that haven't collapsed tbh