That, and one of the biggest facilitators of remittance, a significant source of income for some of the poorest people on the planet.
That may not be very relevant in SV, but they affect a lot of lives positively.
At the same time, they charge exorbitant fees, and remittance fees are stuck at around 10%. I'm looking forward to the day they're as redundant as an expensive long-distance phone call is made redundant, which is possible when you have native digital money like we have digital mail or telephony. Bitcoin to me is the most compelling proposal for this to this date.
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Isn't WU a not-so-relevant service that's mostly used by scammers? I'm not from the US, and I've always heard of it in such terms...
That, and one of the biggest facilitators of remittance, a significant source of income for some of the poorest people on the planet.
That may not be very relevant in SV, but they affect a lot of lives positively.
At the same time, they charge exorbitant fees, and remittance fees are stuck at around 10%. I'm looking forward to the day they're as redundant as an expensive long-distance phone call is made redundant, which is possible when you have native digital money like we have digital mail or telephony. Bitcoin to me is the most compelling proposal for this to this date.
Pretty much, although in some areas its used more legitimately than others.