[jddj]

I recently moved a fair sum of money between two countries where no EU-style agreements exist.

I used regular money and went through a fairly well-known fintech company who specializes in this type of thing, and I think the whole process only took around 6 hours.

From memory it cost around 0.5% of the transfer value, and gave me the true mid-market rate.

We're not truly living in a world where it's Bitcoin or we stay completely at the mercy of the banks (w.r.t sending money across borders, at least), and the banks will catch up to where the fintech is - much like Travel Agents, they're just still successfully arbitraging their incumbency against the knowledge (w.r.t technology and the other options available) level of the general population.

[buboard]

depends on the country. you re lucky you live in a good one, i live in one of the worst.

[jddj]

Ah shit, that's totally fair. Sorry for coming off as tone-deaf, I got stuck in my filter bubble for a moment.

While international development hopefully isn't a complete lost cause (on long enough timescales), I can definitely see how cryptocurrency could be seen as a viable shortcut around poor government in this respect.