TED Video: The hidden force in global economics: sending money home

[LiteCoinGuy]

The hidden force in global economics: sending money home

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

[lihuajkl]

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.

[pitham1]

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.

[abrahamlitcoin]

I use paypal to send money home. Not a big deal.

[DavidHume]

I use paypal to send money home. Not a big deal.

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

[MF Doom]

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