69% of migrants in US had access to banking in 2016, more than doubling from 30% in 2005: On the receiving end of remittances, being unbanked is not a significant inconvenience or cost issue. Reading such report for the US market, there are relatively few complaints about money transfers and most of those are centered around fraud, not exactly a strong suit of Bitcoin with its embedded anonymity: Source: http://www. za/wp-content/uploads/2016/11/cross-border-remittances-2016. By definition, most of the senders who transfer $200 per month to their families in India, China, Philippines, Mexico have money.
Rational view of Bitcoin/Blockchain for sending money In this context, we are always grateful to find discussion about Bitcoin/Blockchain for remittances which attempts to be more objective. Yeap, you heard this right, EVERY so-called Bitcoin/blockchain money transfer startup pays banks to process a large portion, sometime a majority, of its cross-border transfers. It is anticipated that the launch date will be on 10th December of this year can u make money from bitcoin. For an USD-to-USD conversion when sending money from USA to countries with an option of multiple receiving currencies, like China or Philippines, Bitcoin needs to be converted twice vs.
pdf Bitcoin/Blockchain money transfer can help the needy Articles about FinTech-Bitcoin-blockchain are often trying to invoke “unbanked” “poor” or “women” as the reason and special focus for money transfer startups. .DigiByte.DigixDAO..FunFair. Dogecoin.