Post
Topic
Board Bitcoin Discussion
Re: Using BTC to send funds cross-border (in current day)
by
AGD
on 24/06/2019, 14:41:54 UTC
Hi all,

I have money in a UK bank account and I would like to send it to somebody in Malaysia.

It seems simple enough to go GBP -> BTC then BTC -> MYR.

But the recipient is unwilling to open any crypto related accounts currently and, due to AML, I cant use, for example, Local Bitcoins combined with their local bank account (as it's in a different name and would fail verifiation).

Is there any other way currently?  Or must I wait for the industry to mature further?

He could use Bisq to sell BTC in Malaysia face to face or any bank account or whatever.