Bitcoin Remittances Need to Be Streamlined

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Cuban freedom fighters launch underground Bitcoin remittance network (x-post from /r/Cryptocurrency)

Cuban freedom fighters launch underground Bitcoin remittance network (x-post from /Cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Cuban freedom fighters launch underground Bitcoin remittance network

Cuban freedom fighters launch underground Bitcoin remittance network submitted by a36 to AllThingsCrypto [link] [comments]

Cubans Turn to Bitcoin Remittances with 25% Commission to Beat Blockade

Cubans Turn to Bitcoin Remittances with 25% Commission to Beat Blockade submitted by bitcointothemoon_ to CryptoCurrencyTrading [link] [comments]

Cubans Turn to Bitcoin Remittances with 25% Commission to Beat Blockade

Cubans Turn to Bitcoin Remittances with 25% Commission to Beat Blockade submitted by bitcointothemoon_ to Crypto_Currency_News [link] [comments]

Cubans Turn to Bitcoin Remittances with 25% Commission to Beat Blockade

Cubans Turn to Bitcoin Remittances with 25% Commission to Beat Blockade submitted by cryptoallbot to cryptoall [link] [comments]

Cuban freedom fighters launch underground Bitcoin remittance network

Cuban freedom fighters launch underground Bitcoin remittance network submitted by DoubleFaulty1 to CryptoCurrency [link] [comments]

Cuban freedom fighters launch underground Bitcoin remittance network

This post was originally published on this siteThis post was originally published on this site Cubans are finding new ways to circumvent the embargo sanctions imposed by the U.S. government back in 1962. According to an October 26 report by Cuba’s AFP news agency, remittances sent from the U.S. to Cuba often pass through a clandestine network of “crypto enthusiasts” before being converted […]
submitted by FuzzyOneAdmin to fuzzyone [link] [comments]

Bitcoin remittances regulation in the US

Hey all,
I have started working on an app/website that does remittances from the US to some parts of Asia and Africa.
The way it works is similar to www.rebit.ph:
Users who want to send money back home first convert the dollars to bitcoin, then send those bitcoins to the app/website's address, and from there we sell it on the receiving country's local market, and then pay their family/friend in local currency in the receiving country's.
What I'm wondering is:
Thanks for all and any suggestions.
submitted by attilah to Bitcoin [link] [comments]

Bitcoin remittances in Africa are growing like crazy and no one is talking about it

Bitcoin remittances in Africa are growing like crazy and no one is talking about it submitted by CryptigoVespucci to Bitcoin [link] [comments]

Swift Facing Criticism From Bitcoin Remittance Companies

Swift Facing Criticism From Bitcoin Remittance Companies submitted by Rufflenator to 3bitcoins [link] [comments]

Swift Facing Criticism From Bitcoin Remittance Companies

Swift Facing Criticism From Bitcoin Remittance Companies submitted by Brent357 to Bitcoin_Future [link] [comments]

Venezuela: Maduro Administration Now Wants to Profit From Bitcoin Remittance

Venezuela: Maduro Administration Now Wants to Profit From Bitcoin Remittance submitted by Suberg to Bitcoin [link] [comments]

Swift Facing Criticism From Bitcoin Remittance Companies

Swift Facing Criticism From Bitcoin Remittance Companies submitted by W1ngIt to hahahahahahahah [link] [comments]

Swift Facing Criticism From Bitcoin Remittance Companies

Swift Facing Criticism From Bitcoin Remittance Companies submitted by Leka213 to CryptocurrencyToday [link] [comments]

Bitcoin Remittances Helping Venezuelan Migrants, But is it Enough?

Bitcoin Remittances Helping Venezuelan Migrants, But is it Enough? submitted by n4bb to CoinPath [link] [comments]

Swift Facing Criticism From Bitcoin Remittance Companies

Swift Facing Criticism From Bitcoin Remittance Companies submitted by Brent357 to Bitcoin_2019 [link] [comments]

Swift Facing Criticism From Bitcoin Remittance Companies

Swift Facing Criticism From Bitcoin Remittance Companies submitted by ososru to Bitcoin4free [link] [comments]

The huge smiles on these migrant workers faces tell a lot about how much money they are likely saving when using Bitcoin remittance service Bitspark in Hong Kong.

The huge smiles on these migrant workers faces tell a lot about how much money they are likely saving when using Bitcoin remittance service Bitspark in Hong Kong. submitted by Godfreee to Bitcoin [link] [comments]

Why I love Bitcoin (remittance to USA from South Korea) Bank=$504 Bitcoin=$568

So I work in Korea but have to send money home every month to pay off student loans. If I use my Korean bank account ,KEB, and my american account, a local bank near my old house in MI, it cost me 18,000won from KEB, $12 from my local bank, and some $20 mystery fee. No idea where it goes.
I just sent money home using bitcoin. I opened a Korbit account and transferred money to that bitcoin exchange. I bought 596,250won worth of bitcoin ($553.10) at an exchange rate of 1078won/dollar(KEB rate) which was 2.65 bitcoin.
I also have a circle and coinbase account but I learned I get a better price with Circle.com, so I used them this time. When it entered my Circle account, 2.65 bitcoin was $568.77. Since they don't have a charge I will end up with 568.77 in my bank. I know this is what i'll get because I did this last month as well)
Compared to KEB(Korean Exchange Bank-Local bank) I would get 596,250won-18,000won(KEB bank fee)=578,250/1078(KEB exchange rate)=$536.41 536.41-$12(local bank fee)-20(other hidden fee)=504.41
So using bitcoin I end up with $568.77 using bitcoin in my account. Using KEB bank I get $504.41
WINNER BITCOIN by $64.36
The only thing that sucks was opening the accounts and having to log on a few times to transfer the money and bitcoin. FYI other times I used bitcoin it wasn't as good but I have always come out better than using the bank. Right now the exchange rate and the differences in price of bitcoin were in my favor as well as the volatility of price didn't change too much.
submitted by jinwoonlee to Bitcoin [link] [comments]

Venezuela Imposes Capital Controls on Bitcoin Remittance Amid Record Volume

Venezuela Imposes Capital Controls on Bitcoin Remittance Amid Record Volume submitted by Suberg to Bitcoin [link] [comments]

Huge milestone for us: Our Bitcoin Remittance startup Rebit.ph just fulfilled more remittances in just one day today than in our entire first month combined.

Huge milestone for us: Our Bitcoin Remittance startup Rebit.ph just fulfilled more remittances in just one day today than in our entire first month combined. submitted by Godfreee to Bitcoin [link] [comments]

Swift Facing Criticism From Bitcoin Remittance Companies

Swift Facing Criticism From Bitcoin Remittance Companies submitted by Hellterskelt to bitcoin_is_dead [link] [comments]

Bitcoin Q&A: Remittances & smuggling in Venezuela Bitcoin Q&A: Mainstream adoption, timing, and remittances Practical Use of Bitcoin: Remittances Wat is Bitcoin remittance? Beam to enable Bitcoin remittances into Ghana and Nigeria.

Gifts and Remittances: Bitcoin.com's New Tools Allow People to Send BCH via Email This month Bitcoin.com launched two services that help facilitate bitcoin cash adoption and crypto remittance via ... Bitcoin promises almost fee-free services, solution for sending remittances, citizens embrace other Bitcoin solutions as well as remittances. Bitcoin Remittances refer to the physical act of sending money as a payment form. Normally, the payments are sent out by foreign workers in far-flung countries looking to ensure that their friends and family members back are well provided for. But there’s a problem, in that using the traditional methods is not only pricey, but it’s also time-consuming. Legal entities such as banks and ... Aber wie das Buch "Reinventment Remittances with Bitcoin" andeutet, gibt es noch viel zu tun, was das enorme Potenzial der Blockchain-Technologie in dieser Gleichung betrifft. Der Autor des Buches, Luis Buenaventura, ist ein philippinischer Unternehmer, der seit über 10 Jahren Internet-Startups aufbaut. In Manila hat er sich seit 2014 auf digitale Währungen spezialisiert, mit einem ... Bitcoin Remittances Do Not Save Money…Currently. The infrastructure for using bitcoin as a pay-in or pay-out option is not feasible in most parts of the world; therefore, bitcoin can only really be used as an intermediary. Intermediaries just add friction and costs to any transaction, and bitcoin does not necessarily get rid of all them, but it just reduces the number of them. We would all ...

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Bitcoin Q&A: Remittances & smuggling in Venezuela

Bitcoin and blockchain are relatively new and mostly misunderstood. As we are the Practical Blockchain, we are looking at the practical use cases of these technologies and demystifying unsustained ... The Simplest Way For Bitcoin To Take Over Global Remittances - Duration: 7:38. The Cryptoverse 2,382 views. 7:38. Why Bitcoin is a Better Way to do International Money Transfers - Duration: 3:11. ... Would countries reliant on remittances adopt cryptocurrencies? Price premiums providing an incentive for arbitrage in international transfers. To get money from the UK to India, Western Union will ... Easy Remittances to the Philippines using Bitcoin - Duration: 6:01. BTC Sessions 10,178 views. 6:01. The first 20 hours -- how to learn anything Josh Kaufman TEDxCSU - Duration: 19:27. ... But with the advent of Cryptocurrency, sending money remittance anywhere can now be done quickly and cheaper. Today, you can send money abroad instantly using bitcoin remittance. In this episode ...

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