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May 13, 2021, 08:58:59 PM |
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What is not mentioned in this thread is that in order to actually buy and withdraw bitcoin to cash at a Moneygram point, you have to be a customer of their partner Coinme.
If you are a customer on this exchange, what's the point of going to a Moneygram point when you can do the same thing at home on your couch?
Wait to see what fees will be in place before saying that this is good news. That's 2 middlemen to buy BTC. And evidently, each one takes its share of the pie. If you're going to end up spending 5% to 10% of your money on fees as you do with Bitcoin ATMs or credit cards, I don't think it's such good news. Just some opportunists looking to make money.
It's good to see payment processors and money transfer companies starting to look seriously at Bitcoin but they don't bring something new to the table. People have a lot of better and cheaper alternatives. But hey! #moneymatters, if something can make them money they will jump on it, whatever it is Bitcoin, bananas, paper toilet
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