And that's the main reason why WU or MoneyGram are vasty more convenient for most people.
> I'm telling you as someone who uses crypto to send money abroad to my gf.
Because you:
- are a technical perso
- who knows about bitcoin
- can navigate the intricacies of setting up a wallet and buying bitcoin, and then
a)
- can find a person/org in the destination country who offers services to convert bitcoin to a real currency.
- can verify that this person/org can be trusted
or
b) explain the intricacies of setting up a wallet, accepting bitcoins and converting bitcoins to currency to people you send money to
> because it is faster and cheaper than anything else.
How do you account for bitcoin's volatility? Its price can rise or drop by any numbeof percents even in a single day. If you send 1k USD worth of bitcoins, the receiver can easily get just 800. That is not really cheap.
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