Sure, then you get a wire from FTX and you pay $0 and you don't bother going to an ATM.

Some people would like to tell you "It's a temporary bug that you can pay for stuff with database entries at your bank or at PayPal but not database entries on this particular slow distributed database," but I don't have to tell you that to get the sum of the fees to be less than a penny here.

Please take this seriously and run the actual numbers. Actual money from sender, to receiver, with all steps and fees.

Actual money from sender to receiver was covered in my original post - receiving SPL USDC is receiving actual money. But see below for what to do the fantasy world in which is it not.

If you deposit to FTX via ACH that costs $0. If you send yourself SPL USDC from FTX that costs $0. If you send someone else SPL USDC that costs less than half a penny. If that person sends SPL USDC to FTX that costs less than half a penny. If that person withdraws USD from FTX via wire transfer that costs $0. The sum of these figures is less than a penny. As I've written upthread, this might not work out exactly the same way depending on your choice of exchange, country, and bank.

> receiving SPL USDC is receiving actual money

Not according to my grocery store.

The argument was, cryptocurrency is good for remittances. Remittance is mostly used to send money to people who actually need to use it to buy things. You need to get that money into a form that is actually usable.