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Two words: money transfers. Bitcoin works very well for low friction P2P transfers. This may be considered a solved problem in Europe where bank transfers are e
by driverdan 13y ago
Two words: money transfers. Bitcoin works very well for low friction P2P transfers. This may be considered a solved problem in Europe where bank transfers are easy and the norm but in the US and other parts of the world it's unsolved and a pain in the ass.
There is no easy way for me to transfer money to a friend other than handing them cash. You might suggest an awful centralized service like PayPal but there are plenty of problems with them too. What if I want to send money to a friend who lives in another country? Even harder. Bitcoin solves this problem.
- smm2000 13y agoYou can mail him a check - zero transaction fee and works every single time. No easy way to do it electronically though. Also you could not really do it with random strangers - risk of fraud is fairly high.