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1) That's a valid moral use IMHO but not necessarily a legal use case 2) Have you actually done it? There are many services that do this for cheap and fast. Yo
by mrtksn 2y ago
1) That's a valid moral use IMHO but not necessarily a legal use case
2) Have you actually done it? There are many services that do this for cheap and fast. Your relatives don't have to open a crypto trading account and use banking to convert the money back into a currency they can use to purchase stuff, they can simply take cash from a chain store, the post office or a local bank branch.
3) When the local currency goes through hyperinflation people store their money in USD, EUR or GOLD. Putting money into crypto is an extra step that don't have to be there doesn't add any value because needs to go through a digital channel like a bank and when shits the fan banks can be PIA. Your local Change office in the mall or the guy at the street who sells and buys USD/EUR/GOLD tend to be more reliable.