Hi,
I have a question.
Using places like LocalBitcoins, I see I have a particular rate that I will have to pay for BTC. Then, I sent this BTC to another country, and if the receiver also goes to LocalBitcoins and sells the BTC, he gets lower money (of course, depending on the seller).
Now, if I have Western Union, I send $200 and pay a fee of $9 (for example). The receiver in the other country receives the cash based on the foreign exchange of the currency that was locked in upon the time of sending.
What am I missing? I'm seeing everywhere that it says Bitcoin will remove fees, etc but the disparity in the selling/buying is so much that it's almost like paying fees similar to WU.
Thanks!
the goal is not to "sell and buy" btcs.. the project is aimed to use bitcoin like money, so if you send 1 bitcoin to your friend on another country, he will receive that bitcoin at almost cero fees and he will spend that bitcoin buying goods, not selling it for fiat.