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?
if we are talking large sums and you dont want to spend a fortune btc is a good option but if your friend dont want to open a btc acount the bank transfers is one of your options or using other payment providers that send money cross borders but htey cost alot.