Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Firm Enables Remittance Withdrawals at 450 Philippine Bank ATMs
by
pawel7777
on 21/12/2014, 22:58:49 UTC
There's been quite a few remittance businesses springing up in Asia. Can I just ask what their business model is? The bitcoin transaction fee is so low that even at high volumes, the revenue is still pretty low.

Low BTC transaction fees are in their favour, allows them to reduce the cost of transfer. But they don't earn bitcoin tx fees, they will imply their own service fees.

I don't know what their exact business models are, it probably varies between the businesses.