Quote from: warrior333 on April 02, 2018, 09:21:17 AM

Quote from: Cathy1701 on April 02, 2018, 02:50:39 AM

As we know, not many exchanges will support the international wire transfer, what is the mainly reason in it?

In order for the exchange to support the possibility of using Fiat, it needs to have a license from the Central Bank of the country in which it operates. It's complicated. We all know that bankers are opposed to supporting the use of cryptocurrencies. The main task of the appearance of cryptocurrency was an alternative to Fiat. Therefore, many exchanges do not want to support Fiat.

Yeah may be right. The alternative currencies are made so that we can have borderless transactions. I mean why should we again push ourselves into the chaos of getting the attraction of banks and government while transferring the money. We can just send the funds over to other addresses without even any documentation, proof of identity and all the hassle involved in that way. In todays date the bank wore could cost more than 50 bucks for nay amounts you send over the wire. However, with the crypto currency you might just need to pay few cents of fees to transfer any giant amount that you want to send.

Neither banks will entertain the crypto exchanges nor any decentralised community will try to shake the hands with the real world banks. That would be awkward. Grin