> “Traditional money transfers are relatively costly due to currency exchange fees, and can take up to a few days”
I would like to see some worked examples here that take into account local Bitcoin pricing and the time taken to withdraw from exchanges, vs Western Union and other commercial “Send Money” organisations. The space is intensely competitive, so I suspect the margin consumers pay if they do a minimum of research is tiny, so I’m skeptical that Magic Bitcoin Magic is somehow making this better.
I would like to see some worked examples here that take into account local Bitcoin pricing and the time taken to withdraw from exchanges, vs Western Union and other commercial “Send Money” organisations. The space is intensely competitive, so I suspect the margin consumers pay if they do a minimum of research is tiny, so I’m skeptical that Magic Bitcoin Magic is somehow making this better.