Published on October 12th, 2017 | by bitcoin0
Remittances has replaced Bitcoin at BitSpark.
Today we announce that Bitspark will be switching to the Bitshares Blockchain from Bitcoin because it is better suited for the company’s business.
That is not to say it is better for everything, but for remittances we see it has some clear advantages.
How things work currently for Bitcoin remittances
It is often lamented on why there are not more blockchain remittance service providers.
There have been some companies which have come and gone but generally there are some fundamental realities on how Bitcoin remittances work in 2017.
Limitations to accessible currencies
Bitcoin remittances make no sense for trading between the major FX pairs (USD, EUR, AUD, GBP etc)- its benefit is for exotic currencies in often developing countries.