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I don't get it: They say that they started using Bitcoin to help transfer money overseas, yet later in the article they talk of using TransferWise to move money
by joosters 12y ago
I don't get it: They say that they started using Bitcoin to help transfer money overseas, yet later in the article they talk of using TransferWise to move money abroad (which deals in pounds and dollars, not Bitcoin)
If bitcoin's strength is meant to be its low cost for moving money around, how come even this Bitcoin peddlar cashes out back into fiat to move it?
- pjc50 12y agoHe's running an arbitrage cycle, selling bitcoins for pounds. In order to get bitcoins he's buying them on an exchange with dollars.