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by herbst 1802 days ago
Get rich, slowly.

But seriously what about just having a faster and cheaper way to transfer money without over regulation. Banks close on weekends, over Easter I waited 5 days for a national transaction that is so not 2021

And I dont even life in a country where banking is complicated, think about transferring money to or from Asia or Africa.

1 comments

"transfer money without over regulation"

That was the idea yes. But is there where we really are today ? I want currency to be stable. Something I can use in a grocery store. Something I can use to buy milk.

In terms of transferring money, it is already solved by services like transferwise/xoom etc these days. I literally can send money in minutes to most countries.

Well I do buy groceries with crypto, I don't see why that should be an issue. There are even crypto credits cards these days in case the shop doesn't support it.

Price stability is relative, I do earn some money in USD and always exchange it asap because USD is loosing value relative to my currency. Sure crypto tanked more in the last month's, but it could very well go up as well next week and is still way more than when I bought them like 7 months ago. Something that is unlikely with $

Also TransferWise as well as Xoom don't work in every country do they? Also likely they have high fees? I don't know, I never had any need for those. Can I transfer 10000$ without any stupid checks that slow everything down?

Main issue is sending outbound from maybe 50 countries.