Bitcoin Forum

Economy => Economics => Topic started by: LiteCoinGuy on October 11, 2014, 10:00:17 AM



Title: TED Video: The hidden force in global economics: sending money home
Post by: LiteCoinGuy on October 11, 2014, 10:00:17 AM
The hidden force in global economics: sending money home

https://www.youtube.com/watch?v=Oj8eFu72_fc


Title: Re: TED Video: The hidden force in global economics: sending money home
Post by: lihuajkl on October 11, 2014, 12:11:03 PM
Due to the extremely low adoption rate, most of workers abroad don't know this new method of sending money home. Even they know, the issues been talking by the media will scare them off.


Title: Re: TED Video: The hidden force in global economics: sending money home
Post by: pitham1 on October 13, 2014, 01:05:38 AM
There is a market for intermediaries to provide the last mile connection (bitcoin to local currency conversion). However, companies are hesitant to enter this space due to the regulatory issues involved.


Title: Re: TED Video: The hidden force in global economics: sending money home
Post by: abrahamlitcoin on October 13, 2014, 02:49:24 PM
I use paypal to send money home. Not a big deal.


Title: Re: TED Video: The hidden force in global economics: sending money home
Post by: DavidHume on October 13, 2014, 04:34:34 PM
I use paypal to send money home. Not a big deal.

How much fee they charge you? Including the conversion fee.


Title: Re: TED Video: The hidden force in global economics: sending money home
Post by: MF Doom on October 15, 2014, 01:13:26 PM
if someone has to spend a few dollars through paypal/western union its not a big deal to send money.  But if they send bitcoins and they lose 25% value in a week thats a HUGE deal, and huge problem for people wanting to use bitcoin to transfer money