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>And before you mention the 3rd world needs crypto as a "usecase" I'm an American. I got into crypto completely by accident. I needed to quickly send a large a
by madmax96 3y ago
>And before you mention the 3rd world needs crypto as a "usecase"
I'm an American. I got into crypto completely by accident. I needed to quickly send a large amount of cash to a family member out-of-state. I couldn't wire the money due to transfer limits on my family member's account. My banker told me it would take up to a week for a personal check to clear. My bank charges $10 for a cashier's check. FedEx told me it would be $65 to overnight the check.
Someone suggested I try Bitcoin. I purchased the amount in Bitcoin on Binance for no fees. I sent the Bitcoin to my family member for a transaction fee <$3. They received the amount within an hour. Within another hour, they had converted back to fiat.
Bitcoin solved a problem for me, as an American. I'd be glad to learn of a cheaper, easier alternative.