Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Is Better Than Any Banks And Any Other Third Parties
by
audaciousbeing
on 12/02/2017, 21:30:56 UTC
Every year migrants around the world send billions of USD/EUR back to their families.The cost of sending cash via Western Union and Money Gram averages 10-20% in fees. However bitcoin is emerging as an alternative which offers lower fees and faster payments.

Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.

How bitcoin helps for your life?

This your position is actually right but at the same time, what I see is the advantage of using bitcoin because quite a number of people repatriating funds home don't know about bitcoin and the few ones that know might be unwilling to use it due to the fact that they are scared of going against the law in which the position of government is unknown and they could be regarded as money launders. Aside from that, what of the people the money is sent to rather than collecting Fiat immediately, they have to go through the stress of converting to fiat in which the value might even fall within the waiting period.