Re:Tether price manipulation
by shuckles on Friday January 08, 2021 @11:43AM
(#25686508)
Most global payments are transactions, not cash transfers, and the transacting parties have banking relationships that make those transfers low cost and strictly superior to Bitcoin.
[ Parent
| on HN ]
As a freelancer based in EU working on some US projects, I'm forced to pay 5.5% fee to PayPal or some fix fee to the banks (SWIFT payment).
Plus conversion fee from USD to EUR (or my local currency).
That's too high for just a simple thing as receiving money from different country. Really looking forward for that Strike Global.
> I'm forced to pay 5.5% fee [..]
> Plus conversion fee from USD to EUR [...]
> a simple thing as receiving money from different country
Moving money between currencies has never been easier, or cheaper. I would humbly suggest you're doing it wrong.
TransferWise?