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A comment on Bitcoin Is the Detector of Imbeciles. Parent comment

Re:Bitcoin Is the Detector of Imbeciles by lfodofod on Wednesday January 04, 2023 @08:45PM (#34254808)
> I do not understand how bitcoin would be better over bank controlled transaction.

Because you get cash in Kiev within the hour, instead of in a couple of days.

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Re:Bitcoin Is the Detector of Imbeciles by prepend on Thursday January 05, 2023 @12:33PM (#34263370)
An international wire transfer has been instantaneous when I’ve used them in the past. I’ve never sent to Ukraine, but have to UK, Nepal, Uganda, Tanzania, Kenya, Romania, Switzerland, Korea, and Australia. I haven’t timed it, but recipients all got the money same day.

Does it take a long time in Kiev to process transfers?

How does the recipient spend butcoin anyway? Wouldn’t they need to transfer it to a local bank before withdrawing as cash or whatnot?

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Re:Bitcoin Is the Detector of Imbeciles by lfodofod on Thursday January 05, 2023 @01:49PM (#34264547)
> Wouldn’t they need to transfer it to a local bank before withdrawing as cash or whatnot?

There are a bunch of exchange desks that will immediately exchange to paper USD. Want half a million dollars in cash within the hour? No problem.

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