> By the time you get your cash into a crypto exchange
Why would you do that?
Re:Stripe acquires Lemon Squeezy
by danielmarkbruce on Monday July 29, 2024 @11:47PM
(#41105898)
Then, go ahead and explain, in some detail end to end, with costs, how to do the things you brought up. You aren't going to beat the underlying cost structure.
International remittance - atlantic money does $3 or something flat. By the time you get your cash into a crypto exchange and out, you are hosed for more than $3. If you can be bothered to open an account with someone like Interactive Brokers (yes, a traditional online stock brokerage) you can do it for about zero - you get wholesale FX prices and you can deposit/withdraw money from various accounts as long as you have all the paper work in place - annoying, but doable.
Again, a couple entries into relational databases, which is the true underlying cost structure of "traditional finance" is really hard to beat.