How Bitcoin Is Disrupting Argentina’s Economy

Re:How Bitcoin Is Disrupting Argentina’s Economy by juanignacio on Wednesday April 29, 2015 @03:39PM (#9461135)

I know of money going the other way arround. When Argentinians need the US dollars they have in Uruguay people cross in the ferry with tipicaly 50~100k, charging 2,5~3,5% fee for this "service".

Maybe there is room to provide this service with Bitcoin, selling bitcoin to this people in Montevideo and buying Argentinian pesos with that Bitcoin in Argentina.

Is it possible to make this work with a 1~2% commission using Bitcoin?

[ Parent | on HN ]

Re:How Bitcoin Is Disrupting Argentina’s Economy by pakled_engineer on Wednesday April 29, 2015 @04:07PM (#9461342)

Problem is unstable rate of bitcoin so you wouldn't want to hang on to them in storage, you'd need a way to buy them on demand by either leaving USD on Coinbase account or having #bitcoin-otc IRC trade open, Stellar might be more suited for this you could create UruUSD coin when it gains more adoption https://stripe.com/blog/stellar

[ Parent | on HN ]

Re:How Bitcoin Is Disrupting Argentina’s Economy by pakled_engineer on Wednesday April 29, 2015 @09:20PM (#9462803)

Wrong link, oops https://stellartalk.org/topic/6699-how-to-create-a-new-coin-...

[ Parent | on HN ]