Hacker News new | ask | show | jobs
by Finnucane 2823 days ago
In Venezuela, only the local currency is a problem. You could still send dollars. And refugee camps, might be better off getting food and medicine directly.
1 comments

Sending money long distances especially crossing borders is a non-trivial problem.
Is that problem any harder than sending Bitcoin, converting it to real money, and then trying to spend it? Because converting Bitcoin to Venezuelan Bolivars (or USD in Venezuela) is also a non-trivial problem.
Agreed. Imo one of the benefits of Bitcoin is that it should provide a ceiling of cost of remittance that is Bitcoin tx fees 2x + inconvenience of using it to acquire goods. Unfortunately the progress on the second front has been extremely slow