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As someone who has been regularly transferring money between the US and UK for nearly a decade, using standard banking means has always been faster and cheaper
by rprospero 3y ago
As someone who has been regularly transferring money between the US and UK for nearly a decade, using standard banking means has always been faster and cheaper for me than any of the crypto solutions that I've been presented.
- csomar 3y agoIt's only cheaper if you and your friend are inside the system. The two eco-system are separated and this makes friction and cost high (if you are onboarding/offboarding liquidity).
- ForkMeOnTinder 3y agoDo you believe your own personal experience with those two English-speaking countries can be extrapolated to every other country in the world?
- rprospero 3y agoNo, I've worked in enough countries to know that my experience cannot be extrapolated to the remainder. I'd love to hear your experience and how this did work out for you.
- thomasahle 3y agoIt still requires getting people's IBAN numbers, which they usually don't remember. Inside each country you can usually send money with just an email account, like Venmo or Zelle, but internationally it's just cumbersome.