TransferWise, now just Wise works awesome too.

Not only much more expensive and slower than crypto, but also not permissionless. I had funds frozen up for before because of an identity/location verification misunderstanding. It was all sorted out through customer support, but it took a week. Closed my account after that because I don't want to take that risk, I just want to transfer funds without middleman hassle.

Great as long as it works for you. Just wait until you yourself are stuck in a situation such as "Google locked my account and I can't reach support", "Stripe banned my business for no good reason" or "Wise froze my funds" - you literally see these threads on HN every week. Crypto suddenly starts to look a lot more appealing once you've experienced these situations yourself.

I'm using Binance P2P. By far the cheapest way to transfer funds from rich to poor countries.

Have used Wise in the past because it's very convenient to use but they are just extremely expensive compared to P2P crypto.

Also they don't support many countries or only support one direction.

Not a crypto bro and very critical of crypto fads normally but this use case actually works for a regular person like me.

Going to try Xoom though and check their rates. Hadn't heard of them.

The reason that Binance is able to charge less is because they're not really regulated and they're able to pass that risk directly on to you.

I think this is a good place to check the rates: https://www.xoom.com/philippines/send-money

Yes but my relatives are old-ish and not the tech type.