Re:Top stablecoins shed $7B in May as traders redeem tokens ...
by fragmede on Monday May 23, 2022 @03:51AM
(#31476318)
> I don't get all the bandwagon hate of crypto on this site.
> Sure 99% of crypto schemes are b.s and ponzi.
That second sentence explains the first, really.
Anyway, so the remittance industry is estimated to be USD 15.27 Billion as of 2021 so if you could tap into that market, you'd do pretty well. Or rather, you would, if you charged some sort of fee to use your services, so you need to charge some sort of a fee, which negates that advantage of using crypto. Coinbase makes it easy to get into crypto, but they do charge a fee for that.
> Sure 99% of crypto schemes are b.s and ponzi.
That second sentence explains the first, really.
Anyway, so the remittance industry is estimated to be USD 15.27 Billion as of 2021 so if you could tap into that market, you'd do pretty well. Or rather, you would, if you charged some sort of fee to use your services, so you need to charge some sort of a fee, which negates that advantage of using crypto. Coinbase makes it easy to get into crypto, but they do charge a fee for that.