Is Bitcoin a suitable medium for the transfer of wealth internationally? – Bitcoints

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Published on September 13th, 2015 | by bitcoin

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Is Bitcoin a suitable medium for the transfer of wealth internationally?

Is Bitcoin a suitable medium for the transfer of wealth internationally?Bitcoin money transfer can help the needy
Articles about fintech-bitcoin are often trying to invoke “unbanked” “poor” or “women” as the reason and special focus for money transfer startups.
Bitcoin money transfer is instant and, thus, doesn’t carry the FX volatility
There might be a misunderstanding about FX “volatility” in this context.
Bitcoin money transfer will destroy Western Union
Obsession with crushing Western Union seems to be a huge distraction for many startups, bitcoin and otherwise.
The only reason preventing mass Bitcoin money transfer adoption is [enter your favorite]
Articles like this highlight something unique about stakeholders in a Bitcoin money transfer community, both startup founders and their investors.
Regulatory aspect of using Bitcoin for money transfer

Faisal Khan does a great job discussing various aspects of Bitcoin’s legality and compliance for sending money internationally in his “The Lure of Remittances for Bitcoin Startups” article.

Source: Www.saveonsend.com



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