Quote from: CryptoPokerClub on March 30, 2018, 12:08:23 PM

Quote from: ross09 on March 30, 2018, 11:25:59 AM

Thats a good news if its really going to happen ..because lost of us ..are sending money to someone or any reason why you send your money...but as for my experienced in sending bitcoin to my sister its actually cheaper already than the bank..when you send money bank to bank the transanction fee you will going to pay us depends on how much money you will going to send .but my experience in bitcoin the higher your bitcoin you'll going to send the lower the transaction fee ....and its really very very goo for my first time experience..

I can relate to that. Especially sending money across the world. Western Union have some serious fun with some of their offers.

Have a look at this, done literally today:

Sending £1000 to Brazil from Europe. They take £19.90 here just for their 'services'.

[...]

Now lets look at 'their' exchange rate offered. They are taking an incredible £75 just about here as well.

[...]

So I lose just about £95 ($133) here. How much would doing the same be in Bitcoin? Grin

Sure that Bitcoin is competitive to do money transfers and it always has been, even while the fees were unacceptibly high. Because those high fees, when compared to Western Union and the likes of it, were still lower (!)

What is still unclear, is if Bitcoin can be an alternative to card transactions. When you buy a cap of coffee with your card, the transaction fee is a few cents only, and it is the same with Bitcoin now. For Bitcoin to be successful in a long run, it must guarantee that low fees not temporarily, but permanently, I think. Sure, I know that the LN is coming, but I am not crazy about its services. We'll see.