Post
Topic
Board Bitcoin Discussion
Re: Is there any problem if we use crypto for international transfers ?
by
famososMuertos
on 10/09/2022, 19:09:34 UTC
I need some valuable comments ,, especially from indians

It seems like a standard question, and the spontaneous answer is yes. But... first of all, the term transfer should be used with tweezers when one wants to legally express or refer to a payment, especially between countries, generally the correct term for crypto is "payments", "send", among others slang, perhaps It seems irrelevant, but it is necessary since it "seems" that it is your case to have little experience, even in the Fiat world.

For example:
Once I had to pay a person via transfer (bank to bank) but he was from Europe and I'm in America, so only fees it came out to about +/- $65... then of course I mentioned to him, "you accepts payments with crypto," his answer was, no!. I told him do you accept a local transfer from a third party and he replied; No problem!.

What did I do'? I had a relative in that country, I made a crypto payment to my relative and he made the local transfer.

Finally, I did not make an international, transfer but he achieved the goal of fulfilling that payment, obviously my family member handles bitcoin, he did not even have to make any changes, because he used his funds to make the payment in the equivalent of the satoshis that I sent him.