The future is here, why would anyone use the old expensive remittance providers?

 

 

1 hour ago, Neeranam said:

why would anyone use the old expensive remittance providers?

Perhaps because they live outside these areas..............

 

https://strike.me/faq/whereisstrikesupported

Quote

Where is Strike supported?

Currently, the Strike app is available in the United States (excluding Hawaii and New York) and in El Salvador. If Strike is not yet supported in your region, hang tight—we’re working daily to expand into new regions. Follow us on Twitter or Medium for the latest announcements.

Please note that it isn’t possible to create an account if you live in an unsupported region.

Web site is also not overly clear on how it all hangs together if they are looking to bring people onboard - or perhaps it is just self evident to self styled digital pioneers.............

Because the credit cards provide security and a legal framework that neither this Strike API nor bitcoin provides. 

My old mother, who just turned 80, owns Polkadot, as do my teenage daughters. This is much more convenient than wiring money.  

These old systems remind me of when my gran used to send me Cheques for $10, thinking it would help me, but it was $20 to cash them! 

It won't be long before posts on internet forums can be tipped in crypto, mark my words, 

If it is viable, reliable, secure and whatever else is required to attract users I will wait to see outcomes.

Meanwhile anything based or backed, endorsed,involved with a social media org which I do not nor ever intend to subscribe to is unlikely to attract me. No upfront costs to me says backdoor methods because nothing in the Banking systems are "free" .

The existing remittance agents will themselves adapt to using crypto with lower fees and stay in the game.

This should be in the Farang Pub or whatever it's called section, not this one.

15 hours ago, Nojohndoe said:

If it is viable, reliable, secure and whatever else is required to attract users I will wait to see outcomes.

Meanwhile anything based or backed, endorsed,involved with a social media org which I do not nor ever intend to subscribe to is unlikely to attract me. No upfront costs to me says backdoor methods because nothing in the Banking systems are "free" .

The traditional 'banking system' is finished, get with the times.

16 hours ago, ozimoron said:

The existing remittance agents will themselves adapt to using crypto with lower fees and stay in the game.

The clever ones will. In fact, SCB has already some corridors open using crypto, for example from Thailand to Japan and back, where people can get money remitted immediately for a couple of cents. 

 

Edited September 27, 20214 yr by Neeranam

13 hours ago, treetops said:

This should be in the Farang Pub or whatever it's called section, not this one.

Yet WISE is continually in this forum. It should be in the jokes section. 

3 minutes ago, Neeranam said:

The traditional 'banking system' is finished, get with the times.

But all money flows, transfers, deposits, withdrawals, exchange is still wholly dependent on the traditional banking system.

2 minutes ago, userabcd said:

But all money flows, transfers, deposits, withdrawals, exchange is still wholly dependent on the traditional banking system.

https://cointelegraph.com/news/the-great-unbanking-how-defi-is-completing-the-job-bitcoin-started

16 hours ago, Neeranam said:

It won't be long before posts on internet forums can be tipped in crypto, mark my words, 

Dorsey's just rolled that out on Twitter but I don't know too much more than that. I've never used the Lightning network because none of the exchanges I use support it yet. 

 

heck, most of the exchanges I use only support ERC20 for USDT transfers even though there a few cheaper alternatives like Tron. I'm looking at you crypto.com.

 

ps. I'm big on crypto, it's my obsession now #crypto4life ????

 

 

Edited September 27, 20214 yr by Lemsta69
just saw the article you quoted lol. will have a proper read now

5 minutes ago, Neeranam said:

https://cointelegraph.com/news/the-great-unbanking-how-defi-is-completing-the-job-bitcoin-started

How does one buy anything with defi or bitcoin or any other crypto other than exchanging or referencing value related to government controlled fiat.

6 minutes ago, Lemsta69 said:

Dorsey's just rolled that out on Twitter but I don't know too much more than that. I've never used the Lightning network because none of the exchanges I use support it yet. 

 

heck, most of the exchanges I use only support ERC20 for USDT transfers even though there a few cheaper alternatives like Tron. I'm looking at you crypto.com.

 

ps. I'm big on crypto, it's my obsession now #crypto4life ????

 

 

I highly recommend crypto.com debit cards. I get 4% back in crypto for every transaction, and also get free 1st class airport lounges, free Netflix/Spotify and some other things. Yesterday, I paid all 4 of my family's phone bills with this card and my daughter's apartment. Also a great way to ramp off the crypto profits. 

 

 

 

Edited September 27, 20214 yr by Neeranam

1 minute ago, userabcd said:

How does one buy anything with defi or bitcoin or any other crypto other than exchanging or referencing value related to government controlled fiat.

At the moment, it's very hard but the wise are asking to be paid in crypto. 

https://onjuno.com/blog/top-10-celebrities-that-get-their-paycheck-in-crypto

Just now, Neeranam said:

I highly recommend crypto.com debit cards. I get 4% back in crypto for every transaction, and also get free 1st class airport lounges, free Netflix/Spotify and some other things. Yesterday, I paid all 4 of my family's phone bills with this card. 

ha ha thanks mate but I'm already a CdC cardholder. Rose Gold ftw! 

 

now all that I need is for them to roll out AU cards before I move to Thailand in late November so I don't have to stuff around getting the fam to DHL it to me.

will also try to get a Wirex card before I leave as a backup in case anything happens to my preciousss Rosie ♥️

3 minutes ago, Lemsta69 said:

ha ha thanks mate but I'm already a CdC cardholder. Rose Gold ftw! 

 

now all that I need is for them to roll out AU cards before I move to Thailand in late November so I don't have to stuff around getting the fam to DHL it to me.

I hear Celcius are giving similar cards soon. Will be great way to spend the 8.88% interest I get on my USDC. I guess some here are happier with their 1% from the brick n mortar banks  

 

https://celsius.network/

How much commission are you on. Gis A Job.

No one seems to have mentioned the all important question---'What is the exchange rates comparison"?---I could not find a site showing them.

25 minutes ago, Neeranam said:

Going to banks to send money internationally, taking days and costing a fortune are over. 

What are you on about. I just sent GBP from the comfort of my own bed, to my Thai bank as THB, took 10 seconds and cost next to nothing.

Bitcoin dropped almost 20% in value against other currencies last week.

5 minutes ago, sanuk711 said:

No one seems to have mentioned the all important question---'What is the exchange rates comparison"?---I could not find a site showing them.

this is a decent resource for starters. but bear in mind that US citizens get a raw deal because of SEC being behind the times and so they can't avail themselves of a lot of the good rates that are out there...

 

https://www.stakingrewards.com

9 minutes ago, sanuk711 said:

No one seems to have mentioned the all important question---'What is the exchange rates comparison"?---I could not find a site showing them.

A good thing about BTC is that is worth the same amount anywhere in the world, no need for exchange rates. 

41 minutes ago, Neeranam said:

Yet WISE is continually in this forum. It should be in the jokes section. 

It is usually discussed by people who do not know how to use it. There are many more who do use it successfully.

16 minutes ago, Neeranam said:

I hear Celcius are giving similar cards soon. Will be great way to spend the 8.88% interest I get on my USDC. I guess some here are happier with their 1% from the brick n mortar banks  

 

https://celsius.network/

nice. I'm Platy level with Celsius so I'm loving those 0.75% loans so I can hold onto my BTC until next year when it mewns! ????????????????

20 hours ago, Kwasaki said:

I'll stick with "Wise" don't trust anyone with a hoody and wearing an idiot cap. ????

Good luck. You will trust him when everyone u know is sending money for free and you aren’t. Lol

 

Its actually interesting to see people’s responses to this stuff. I really do understand. What is a <deleted> suit and tie though? The people wearing suits and ties have not really been telling the truth if you haven’t noticed. Their point, at least my interpretation, is to be the opposite of these prolific liars. But hey, believe who you want, I just think you will probably be forced to believe soon enough, unless you don’t like your own money. 

14 minutes ago, norfolkandchance said:

How much commission are you on. Gis A Job.

What do you mean?  

1 minute ago, Neeranam said:

A good thing about BTC is that is worth the same amount anywhere in the world, no need for exchange rates. 

Of course it is dependant on exchange rates. Right now 1 BTC is worth £32153, or $43977 with £/$ at 1.37. What happens if, for example the £/$ goes to 1.40?