Re:The Bitcoin Blocksize: A Summary
by davidgerard on Wednesday August 12, 2015 @02:49PM
(#10049807)
I really would like you to detail these cases for which Bitcoin is huge in the remittance world, because this would be new and useful information for me to update myself on. If I'm wrong, I'd like to know.
Re:The Bitcoin Blocksize: A Summary
by davidgerard on Wednesday August 12, 2015 @12:22PM
(#10048684)
> Bitcoin is huge in the remittance world
Really, who with? I recall rebit.ph saying the problem was they couldn't actually sell enough BTC for PHP at the .ph end, for example. Bitcoin makes the transmission bit cheap, but that bit was cheap already.
Actual remittances startup company guy talks about why Bitcoin doesn't work for remittances: https://www.regalii.com/blog/the-bitcoin-remittance-myth
Please get up to date with things. Bitcoin is huge in the remittance world, and bitcoin-like technology is being tentatively explored in all realms of financial technology.