Do you think Bitcoin makes revolution on money transfer market ?

[foxbitcoin]

Bitcoin created a competing technology, forcing the other financial institutions to adapt to this change. If they do not adapt, they will loose market share.

[Wapinter]

Do you think Bitcoin makes revolution on money transfer market ?

It has definitely revolutionized money tranfer to some extent but it will take some more time for bitcoin to make full impact.

[randy8777]

for sure. before bitcoin i had never thought it would be possible to send money from a to b online without a third party. and the best of this all is that we own our money now. we don't have to trust financial companies to take care of our money as we can do it ourself now.

[shane]

for sure. before bitcoin i had never thought it would be possible to send money from a to b online without a third party. and the best of this all is that we own our money now. we don't have to trust financial companies to take care of our money as we can do it ourself now.

before i know bitcoin, i use paypal and payeer
but paypal is very complicated, we must upload some document before can send money

and payeer give big fee pertransaction,

after i know bitcoin now I can send money without leaving a trace
and a low fee

[mallard]

That's why I'm pretty sure sooner or later we will see a great rise of govt coins, that will make surveillance much easier and much more effective.

I don't think that we'll ever see a cryptocurrency created by a government.
Governments want to be able to control the economy, and cryptocurrency makes it harder to do that.

[b457]

I don't think that we'll ever see a cryptocurrency created by a government.
Governments want to be able to control the economy, and cryptocurrency makes it harder to do that.

It is as hard to control as cash. It could also be easier to control because of the transparent blockchain.
So you could see who is sending money to whom.

[Daniel91]

-snip-

that it`s a nice article man 

Thanks

I will share my personal experience.
When I tried to send money to my friend in Nepal, it proved to be a very difficult and complicated task.
He is not near the bank or post office so I couldn't choose Western Union.
He also can't open paypal and have Visa cards for India and Nepal only, not international (and he can't get international VISA card).
They even don't have often electricity and internet during day so on the end I suggested him to open bitcoin wallet.
In this way he could finally receive money.
So, from my experience, yes, bitcoin really makes revolution on money transfer market

There is no better example other than a personal experience, since its really happened and not just a theory. Fortunately your friend still could opened his bitcoin wallet although they dont have often electricity and internet. Its great you have recommended bitcoin in Nepal

Thank you!
I'm doing my best
When I speaking only theoretically with my friends about BTC it seems they can't understand or accept it, they are usually very skeptic.
But, when I show them practical way how to use bitcoin in their everyday life, they become very interesting, like my friend in Nepal now.
Transfer market is ideal to show all the advantages of Bitcoin.

[kenbytes]

Bitcoin created a competing technology, forcing the other financial institutions to adapt to this change. If they do not adapt, they will loose market share.

I do not think they did that ..but in the near future they will be forced to accept bitcoin )...if not they will be loosing

[irfan01]

may be, if bitcoin is well known in the community and accepted by the general public, bitcoin might change the transfer market

[HeroCat]

I do not think that Bitcoin can make revolution in money transfer market, people can transfer money through online banks worldwide without any problem 

[kenbytes]

I do not think that Bitcoin can make revolution in money transfer market, people can transfer money through online banks worldwide without any problem 

the only problem it`s the cost

[bitwarrior]

In some countries, people are using bitcoin to send money overseas since it is secure, fast and low in cost in making transactions.
The main attraction of bitcoin on money transfer market is the very low cost in sending money.

[klf]

BTC becomes popular payment method due to its offered advantage compared with traditional ways. I dont have to enter all my information, register, etc. I just need to copy and paste an address to send to and the amount to send

[mallard]

You will probably get biased results posting it on this forum.
Everyone here (hopefully) believes in Bitcoin.