You are viewing a single comment's thread from:
RE: With Bitcoin, Remittance isn't an Expense, but a means of Profit.
Remittances are the perfect use case for crypto. Besides the crappy exchange rate spread you get, the fees can get quite high. You can see for yourself at: https://www.westernunion.com/us/en/send-money/app/price-estimator With some random searches I found a $30 fee for sending $1000.
That's not even taking into account censorship, limits, sanctions, forfeiture, etc.
Thanks for looking into it with such depth. The WU fees can be more painful on small transfers, which is often the case with foreign labor.
dude, nice seeing this on the front page of reddit.com/r/bitcoin
and i didnt even notice I was on busy.org for a while
Topics addressing real use of p2p finance and Bitcoin should be there.
Yes. I've sent money abroad via Western Union and the fees were incredible and had to deal with a bank at one end. Many people use this service (or so i'm aware) so yes, its a perfect use case.