[tchaffee]

Based on my own experience doing international transfer over many years, the article is pretty accurate. However there is another option, but it does have more risk. Bitcoin. I'm not much of a fan of cryptocurrency in the first place. But international money transfers with low fees is the first real use that actually justifies Bitcoin for me. My credit union charges $20 for a wire transfer. And the transaction fees of my Bitcoin exchange in my target country are low. The risk is the one to two hour window that it takes to transfer the Bitcoin. If prices suddenly drop in that time, I could be in trouble.

[needle0]

Are stablecoins viable in the real world for this kind of use case? Anyone have any firsthand experience?

[nanexcool]

I live in Argentina and have been getting paid in Dai (stablecoin on Ethereum) for over 2 years.

https://www.youtube.com/watch?v=hHji4x5C1q0

[vivab0rg]

I'm also in Argentina. Do you use a service or provider for this? How do you turn your DAI into cash? Thanks for your insight!

[tchaffee]

Unfortunately the viability of this is going to depend a lot on what country you are trying to transfer to. In my destination country of choice (population > 200m) there are two small exchanges and four cryptocurrencies you can trade.