When you account for the necessary fees of buying and selling into fiat, BTC is by no means cheaper than wire transfer or even Western Union.I can send $5k internationally via WU for $35.00. Bitcoins transaction fee may be cheaper (not guaranteed), but then you need to find a fiat gateway because no one accepts btc for groceries in any location that you might need to send money via WU.So what does btc (and crypto) do better? -taking large sums of money with you if you're relocating -sending money without the knowledge of the Patriot Act -losing your savings (if you bought at height of bull market) -having your savings multiply ten fold (if you bought at the bottom of a bear market) -not much else.
Submitted September 19, 2018 at 11:17AM
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