News for hackers. Stuff that matters.

sukiyuki

Crypto Scams? Remittances and Offramps

Hey guys,Genuine question here. How does remittance through crypto work? Presumably, you'd need an offramp in the destination country.Here is the problem though:if you're constantly exchanging crypto for local fiat in that destination country, at some point you'd run out of local fiat and you'd have a bunch of crypto on your hands, so you'd need to trade it back.How do crypto remittance...

( Read More... | no comments | on HN )
Re:Is Crypto Remittances a Scam or Revolutionary? on Tuesday May 03, 2022 @02:59AM (#31245498)
nice. which country? and are there non crypto base remittancecs that do it instant transfers?

Is Crypto Remittances a Scam or Revolutionary?

There are a few legit companies making decent progress this direction. As an immigrant from an undeveloped country, I love this idea. However, I would like to discuss the legality of their frameworks in the destination countries.There are a few YC companies doing crypto remittances, notablyCocoMercado Afriex Lemonade Finance PallaConceptuallly, what they are doing makes sense to me - sending...

( Read More... | 10 comments | 12 points | on HN )