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If you send money to a friend, they receive immediately.
by gasull 12y ago
If you send money to a friend, they receive immediately.
- KrisAndrew 12y agoThey receive the bitcoins immediately* (in 10 minutes, after it's confirmed by the network), which the IRS considers property. If they want money they have to convert the bitcoins to local currency and wait for a payout to their/a bank account.
- gasull 12y agoI was thinking more of sending money overseas. Remittances.