Bitcoin is better when it comes to international and big money transfer.
Some people like a guideing hand in simple matters and those people will never admire the ability to make money transfer without the need of a third party. Those people are most of the time not willing to make international and/or big money transfers.
So the bitcoin could be valued by a certain type of people and the rest will not see the potential in it. Thats how it was supposed to be. Bitcoin will not become mainstream in a culture of a third party guidance of every aspect of a life.
Topic: Bitcoin Is Better Than Any Banks And Any Other Third Parties (Read 5001 times)
Bitcoins had brought of a lot of relief to third world countries in term of remittance of funds. bitcoin serves better than than western union money transfer and money Gram There is much demand for verification when you want receive money Gram but with bitcoin everything is now simple.
Bitcoin is definitely better than moneygram and western union. It provides more flexibility and independence to the people of small and third world countries. There are many countries where it would be hell to use other payment processors. Bitcoin is definitely faster than other third parties.
the different of bitcoin from moneygram and western union is we don't have to fill our identity in our account and beside that i think the fee is is more big depending with bitcoin. but actually i am not yet to used moneygram but i have experience in the past with western union so i still prefer to use bitcoin rather than moneygram and western union. for western union, we should come into our bank to withdraw our money but we need to have something like key (unfortunately i don't remember what is the name) so we can process the withdrawal.
Bitcoins had brought of a lot of relief to third world countries in term of remittance of funds. bitcoin serves better than than western union money transfer and money Gram There is much demand for verification when you want receive money Gram but with bitcoin everything is now simple.
Bitcoin is definitely better than moneygram and western union. It provides more flexibility and independence to the people of small and third world countries. There are many countries where it would be hell to use other payment processors. Bitcoin is definitely faster than other third parties.
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look at the features of the bitcoin then I am sure that bitcoin is the best at this time.
many things we can do, perform many financial transactions with just a few steps. while the Bank still has some limitations.
To be fair, besides of all those limitations given by the banks, the features they were provided since centuries ago could please their client whereas bitcoin, in my opinion, could only please the minority of them.many things we can do, perform many financial transactions with just a few steps. while the Bank still has some limitations.
Overall, with the bank, you can still perform many financial transactions as much as what bitcoin can do with ease regardless of its limitations, it's at the same time also means that bank actually still above bitcoin based on comparison about its feature regarding financial transactions.
Probably y'all already looked down on bank without even making a fair comparison, thus, blinded by your idealism, though, it's right to defend your idealism as long as it's for the sake of good purpose.
look at the features of the bitcoin then I am sure that bitcoin is the best at this time.
many things we can do, perform many financial transactions with just a few steps. while the Bank still has some limitations.
many things we can do, perform many financial transactions with just a few steps. while the Bank still has some limitations.
Bitcoins had brought of a lot of relief to third world countries in term of remittance of funds. bitcoin serves better than than western union money transfer and money Gram There is much demand for verification when you want receive money Gram but with bitcoin everything is now simple.
If and when physical cash is done away with, Bitcoin will be one of the trusted replacements.
Bitcoin is one of the thigs that could be turned into something else. The whole point of the technology within Bitcoin is that it could scale up the Digital Currency payments that each person makes whether that be online or off the Internet.Bitcoin will get larger than Banks if Fiat goes away, though the average person will not be able to purchase a whole Bitcoin because the price will most likely be too high.
If and when physical cash is done away with, Bitcoin will be one of the trusted replacements.
Bitcoin is one of the thigs that could be turned into something else. The whole point of the technology within Bitcoin is that it could scale up the Digital Currency payments that each person makes whether that be online or off the Internet.Bitcoin will get larger than Banks if Fiat goes away, though the average person will not be able to purchase a whole Bitcoin because the price will most likely be too high.
bitcoin could reduce greatly the cost of money transmission, if all the countries were to use it instead of rely on bank
think about the possibility to have a world with only one currency wthout any bank or people that work there
you would have a world with far less useless infrastructure and fee that need to be spend to pay who work on the bank and for maintanace(atm bank itself etc...) everyday
If you are talking about the one currency for the world using bitcoin then you are day dreaming, because that is impossible. think about the possibility to have a world with only one currency wthout any bank or people that work there
you would have a world with far less useless infrastructure and fee that need to be spend to pay who work on the bank and for maintanace(atm bank itself etc...) everyday
Just imagine if our world will use a currency or cryptocurrency that has limited supply, can you imagine what will be the effect in the market? The price will not be stable because a lot of people are demanding for it and if that happens, we will be on chaos because of shortage of the supply because compare to the supply of bitcoin to the overall population of humans then that is your answer.
it will be stable when will reach full adoption, because everyone will have its portion of the supply, bitcoin is divisable and there are plenty for everyone in the world,
the instability will not be an issue anymore actually, if there are no fiat and Bitcoin have no countervalue in fiat, because you don't need to dump, you use bitcoin as it is like a currency
It is limited because the smaller denominations (satoshis) don't have enough value currently and so just the 21 million Bitcoins looks like a limited supply for the whole world but if it gains much value so much so that a Satoshi is equivalent to a dollar (1$) then I bet this argument if limited supply will cease.
bitcoin could reduce greatly the cost of money transmission, if all the countries were to use it instead of rely on bank
think about the possibility to have a world with only one currency wthout any bank or people that work there
you would have a world with far less useless infrastructure and fee that need to be spend to pay who work on the bank and for maintanace(atm bank itself etc...) everyday
If you are talking about the one currency for the world using bitcoin then you are day dreaming, because that is impossible. think about the possibility to have a world with only one currency wthout any bank or people that work there
you would have a world with far less useless infrastructure and fee that need to be spend to pay who work on the bank and for maintanace(atm bank itself etc...) everyday
Just imagine if our world will use a currency or cryptocurrency that has limited supply, can you imagine what will be the effect in the market? The price will not be stable because a lot of people are demanding for it and if that happens, we will be on chaos because of shortage of the supply because compare to the supply of bitcoin to the overall population of humans then that is your answer.
it will be stable when will reach full adoption, because everyone will have its portion of the supply, bitcoin is divisable and there are plenty for everyone in the world,
the instability will not be an issue anymore actually, if there are no fiat and Bitcoin have no countervalue in fiat, because you don't need to dump, you use bitcoin as it is like a currency
bitcoin could reduce greatly the cost of money transmission, if all the countries were to use it instead of rely on bank
think about the possibility to have a world with only one currency wthout any bank or people that work there
you would have a world with far less useless infrastructure and fee that need to be spend to pay who work on the bank and for maintanace(atm bank itself etc...) everyday
If you are talking about the one currency for the world using bitcoin then you are day dreaming, because that is impossible. think about the possibility to have a world with only one currency wthout any bank or people that work there
you would have a world with far less useless infrastructure and fee that need to be spend to pay who work on the bank and for maintanace(atm bank itself etc...) everyday
Just imagine if our world will use a currency or cryptocurrency that has limited supply, can you imagine what will be the effect in the market? The price will not be stable because a lot of people are demanding for it and if that happens, we will be on chaos because of shortage of the supply because compare to the supply of bitcoin to the overall population of humans then that is your answer.
it will be stable when will reach full adoption, because everyone will have its portion of the supply, bitcoin is divisable and there are plenty for everyone in the world,
the instability will not be an issue anymore actually, if there are no fiat and Bitcoin have no countervalue in fiat, because you don't need to dump, you use bitcoin as it is like a currency
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Bitcoin :open immutable decentralized global fair
Every year migrants around the world send billions of USD/EUR back to their families.The cost of sending cash via Western Union and Money Gram averages 10-20% in fees. However bitcoin is emerging as an alternative which offers lower fees and faster payments.
Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
Bitcoin has solved the money problem in my life, as it is a savings account THAT ACTUALLY WORKS TO SAVE!
Because bitcoin has emerged as the undisputed king of store of value asset, there is no better way in the world to beat rising costs of rent, education, traveling, healtchare, etc.
It does a better job than stocks, than gold, than real estate, than bonds.
Fiat (currencies) meanwhile have been relative trash buying less and less goods and services as years go on.
As long as Bitcoin remains scarce/limited in supply, remains decentralized via small blocks/PoW, & immutable, Bitcoin will continue to be the best store of value on the planet.
If anyone reads this and wants to understand the dynamics of why this is, please read this post titled: "Hacks & puppets & forks - how to destroy bitcoin" https://bitcointalksearch.org/topic/hacks-puppets-forks-how-to-destroy-bitcoin-1834310
As an international traveler with family all over the world- bitcoin has proven to be a blessing for me. Especially in the African continent where people are quick to adapt. For me money transfer is very easy and even my family is encouraging others too for adopting bitcoin.
This is a great news that you can use bitcoin together with your family and have fun on traveling using bitcoin. This is why bitcoin is better than bank because bank needs establishment where not all places have any atm machines where you can access it. Bitcoin is accessible even in the travel on your laptop etc.
As an international traveler with family all over the world- bitcoin has proven to be a blessing for me. Especially in the African continent where people are quick to adapt. For me money transfer is very easy and even my family is encouraging others too for adopting bitcoin.
This is a great news that you can use bitcoin together with your family and have fun on traveling using bitcoin. This is why bitcoin is better than bank because bank needs establishment where not all places have any atm machines where you can access it. Bitcoin is accessible even in the travel on your laptop etc.
If and when physical cash is done away with, Bitcoin will be one of the trusted replacements.
bitcoin could reduce greatly the cost of money transmission, if all the countries were to use it instead of rely on bank
think about the possibility to have a world with only one currency wthout any bank or people that work there
you would have a world with far less useless infrastructure and fee that need to be spend to pay who work on the bank and for maintanace(atm bank itself etc...) everyday
If you are talking about the one currency for the world using bitcoin then you are day dreaming, because that is impossible. think about the possibility to have a world with only one currency wthout any bank or people that work there
you would have a world with far less useless infrastructure and fee that need to be spend to pay who work on the bank and for maintanace(atm bank itself etc...) everyday
Just imagine if our world will use a currency or cryptocurrency that has limited supply, can you imagine what will be the effect in the market? The price will not be stable because a lot of people are demanding for it and if that happens, we will be on chaos because of shortage of the supply because compare to the supply of bitcoin to the overall population of humans then that is your answer.
bitcoin could reduce greatly the cost of money transmission, if all the countries were to use it instead of rely on bank
think about the possibility to have a world with only one currency wthout any bank or people that work there
you would have a world with far less useless infrastructure and fee that need to be spend to pay who work on the bank and for maintanace(atm bank itself etc...) everyday
think about the possibility to have a world with only one currency wthout any bank or people that work there
you would have a world with far less useless infrastructure and fee that need to be spend to pay who work on the bank and for maintanace(atm bank itself etc...) everyday
As an international traveler with family all over the world- bitcoin has proven to be a blessing for me. Especially in the African continent where people are quick to adapt. For me money transfer is very easy and even my family is encouraging others too for adopting bitcoin.
Bitcoin is a great way of sending money internationally. There can be some fees when collecting the sent amounts, but it's less that what would have been paid with those other money transfer services. There's even the chance of the value of the received amount having appreciated (By the time the person receives the Bitcoins and exchanges them, the price of Bitcoin might have gone up). It can't be said that Bitcoin is better than banks because both have their advantages. Bitcoin transactions are very fast but banks offer safety, and the funds are legally secured.
3rd parties are needed to exchange Bitcoin to other currencies so they are not made obsolete by Bitcoin.
Every year migrants around the world send billions of USD/EUR back to their families.The cost of sending cash via Western Union and Money Gram averages 10-20% in fees. However bitcoin is emerging as an alternative which offers lower fees and faster payments.
Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
Bitcoin as decentralized digital currency technology has advantages compare to traditional bank system or moneygram, depends on the situation obviously. Just like what you had mentioned, migrants could send money to their families through bitcoin without higher fee. But transaction inside the country, banks are better than blockchain because the current unconfirmed transaction has reached over 78,000 which causes higher fee around almost $1. But, if I send money through bank service, it is totally free without any charge. Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
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