alt Hacker NewsBecause in practice services like TransferWise solved this problem using fiat currencies with fees low enough not to make it worth bothering with crypto.
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nout • yesterday at 5:02 PM
For larger amounts it makes sense to use the bitcoin rails for international transfers. I'm doing bank to bank international transfers and using bitcoin saves around 3% compared to Wise and you get the money immediately (or within 1hr, depending on what you use).
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rjdj377dhabsn • today at 11:29 AM
Every time I try to use TramsferWise, I end up jumping through KYC hoops for hours - days. Sending crypto is much simpler and faster.
I duno, I still can't make a payment on the net without Visa or Mastercard, still a problem to be solved to me
Looks like other people still trying to solve as well:
> Earlier this year, Coinbase changed online payments forever with a new protocol called x402. But could this technology really usher in a new age of 'machine to machine' payments? Let's run it...
https://www.youtube.com/watch?v=S6wc6yvoZLY