> Blue Dollar AKA Dolar Blue or unofficial dollar is parallel dollar rate of USD in Argentina. This is the cost of buying and selling a physical dollar bill in a cueva, or clandestine financial house in Buenos Aires. This is the best price you’ll get if you are buying or selling physical bills, and the transaction is done with no involvement of any government-sanctioned or licensed entity (like a bank).
What does exchanging physical dollar bills in Argentina have to do with remittances, or crypto? Many countries have informal or black markets for exchanging currencies, separate from the official exchange rates. That is not the same as remittances unless you are sending envelopes of dollars to someone in Argentina. My comment responds to the claim "Crypto is clearly the easiest way to do international payments right now," which simply isn't true, not even to Argentina.
That, who would have guessed, there are places who'll happily convert the crypto remittances at the Blue rate. So the people you send money to will get more money, while you'll send the same amount, just in a different way.
And the people receiving money, would would guess that, will be happier by receiving more money instead of less :)
Reading the Blue Dollar web site I noticed that Argentina recently started taxing crypto transactions, which means the government is requiring exchanges to report those transactions, like they already do for USD transactions.
https://www.pymnts.com/news/cross-border-commerce/cross-bord...
A reply with useful information works better than writing that someone absolutely doesn’t know what they’re talking about, but your comment did spur me to look more into the subject.
I made my initial reply because the amount of disinformation about crypto on HN is frightening.
You may want to incorporate that to your "reading lens" priors when reading dismissive information here: there is a large probability the person has no idea what they are talking about, and is simply repeating something.
And BTW it's not a value judgement, as repeating stuff that's true is good, valuable, and a valid default heuristic for most other topics on HN.
