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Re:Fiat is Effective: fiat for the crypto crowd [pdf] by jezclaremurugan on Monday October 16, 2017 @10:53AM (#15483590)
Its more of a global currency than a US specific one. Speaking from my experience - moving large amounts of money as a student or as someone who wants to send money back home across international borders when one starts earning becomes a pain when it comes to transaction charges, and international payment charges on credit cards etc. Cryptocurrencies can replace USD as a global currency when it gains enough users across the globe.
Re:Fiat is Effective: fiat for the crypto crowd [pdf] by subroutine on Monday October 16, 2017 @11:15AM (#15483750)
Can you not avoid fees by using paypal or venmo for example? I transfer money to my friends and family all the time with no fee using these existing services.
Re:Fiat is Effective: fiat for the crypto crowd [pdf] by jezclaremurugan on Monday October 16, 2017 @02:31PM (#15485534)
Paypal has a fee for international transfer - and they also don't cover India. Same for venmo.