Re:You Do Not Need Blockchain: Popular Use Cases and Why The...
by notahacker on Friday February 22, 2019 @03:58PM
(#19229048)
Western Union will do it in minutes, and I've actually used it to send myself money in Africa in lieu of better options when having bankcard issues (turnaround time <1 hour including finding the agent, fee ~5%). Admittedly the transaction fee on a transaction as small as $5 is pretty steep (20%!), but they're getting spendable cash for it, and I doubt the average family in Africa is getting a better deal when asking the local computer expert if he'll give local banknotes in exchange for their satoshis...
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