Bitcoin Is Better Than Any Banks And Any Other Third Parties - page 5.

Mometaskers

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It sure does make sending remittance faster, despite the occasional backlog. It tend to be cheaper than WU and other remittance company, especially if there is support on the receiving end. For example in my country it's possible to have the fees waived when you cash-out at banks (for now though this arrangement only includes banks in the capital). With our central bank sending the message that it recognizes bitcoin as a legal form of money transfer, I can expect more of our citizens abroad to send money back home using bitcoin.

Quote from: Kprawn on February 12, 2017, 01:12:24 PM

I think, until you have not been a victim of credit card fraud, you will not really appreciate what it means to have control over your own money.

I played a online game and I paid for some skins with my credit card, this site did not store this information securely and my credit card

information got hacked. I lost quite a bit of money and destroyed all my credit cards. I can now buy securely on the internet, without having

sleepless nights about the information getting hacked or stolen. When people realize this, they will not use credit cards for online payments. Grin

Sorry to hear that. Sad

Did you sue them? Did you get your money back? The insurance covers hacking incidents right?

Kprawn

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I think, until you have not been a victim of credit card fraud, you will not really appreciate what it means to have control over your own money.

I played a online game and I paid for some skins with my credit card, this site did not store this information securely and my credit card

information got hacked. I lost quite a bit of money and destroyed all my credit cards. I can now buy securely on the internet, without having

sleepless nights about the information getting hacked or stolen. When people realize this, they will not use credit cards for online payments. Grin

Dudeperfect

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Yes, bitcoin fees are very less and cheap as compared to that of other payment processors (even in the case of transactions confirmation lag period). I don’t think even paying double fees than average fees for bitcoin transaction is expensive as it is still less than the charges of other payment processors of international level. I always prefer to use bitcoin when it comes to global level and it’s actually helping me to earn more revenue than I was earning a few years ago. Services like Paypal have serious restrictions in my country and it was costing me extra burden so I shifted to cryptocurrency and it’s changed my business profits.

AjithBtc

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Bitcoin is far better than most other digital currencies in terms of grown and as a store of value. As mentioned banks are similar to third party value storing community. But it gives a trust through its centralized system which is not available for third party bitcoin saving wallet providers. Both has its own pros and cons.

dearbesz1219

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Quote from: BuyWithBitcoin.info on February 09, 2017, 04:17:25 AM

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?

That is true and correct, by means of that many of the community shifted into bitcoin because of the concepts that being implemented through features of bitcoin. It is truly bitcoin is far better than any banks in terms of charge fees in every transaction, and how pass it is when it comes to money transfer.

Victorycoin

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Quote from: noormcs5 on February 09, 2017, 10:03:37 AM

Quote from: BuyWithBitcoin.info on February 09, 2017, 04:17:25 AM

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?

If this thing will happen, I guess it will affect the economy of the real world, if bitcoin will be used as the way of sending money of the workers outside the country because government do not have an access to bitcoin. But then in the side of the sender and receiver, it will be a big help.

It is already happening and it doesn't have to be companies or government, but individuals working or earning money overseas and having family and friends down home. Using the banks, WU or MG attracts huge fees, but with Bitcoin, aside from making the transaction to be quite cheap, bank can be by-passed and no need waiting for some business days to pass before one can access their.

noormcs5

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Quote from: BuyWithBitcoin.info on February 09, 2017, 04:17:25 AM

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?

If this thing will happen, I guess it will affect the economy of the real world, if bitcoin will be used as the way of sending money of the workers outside the country because government do not have an access to bitcoin. But then in the side of the sender and receiver, it will be a big help.

vennali

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Banks are not just used for transferring money. They ate used for a lot more things. As per definition "Banks an institution that deals in money and its substitutes and provides other financial services. Banks accept deposits and make loans and derive a profit from the difference in the interest rates paid and charged, respectively. " This is a major factor in any economy and that's how the whole country runs. You don't have any big lending entity in Bitcoin as of now. There is a good chance that it happens in the future though.

Kemarit

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Quote from: BuyWithBitcoin.info on February 09, 2017, 04:17:25 AM

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?

My friend started sending me bitcoins late last year. Before, she
sends the money thru Western Union, I had a lot of issues with
WU before, like typographic error in the name,etc. so I didn't get the
money in time. So I told her to choose bitcoin, and so it began
that she send it to me thru bitcoin without any hassle on my end.

Schuyler

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Quote from: BuyWithBitcoin.info on February 09, 2017, 04:17:25 AM

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 helps me to provide an extra income from the signature campaign. It helps us also to pay our monthly bills without going to bayad center. Can receive and send money in a hasten transaction.
Basically, from here we can learn how to invest, trade and save our money. I don't say that remittance center is not good. Their differences are good to make people happy and satisfied.

megynacuna

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Quote from: davis196 on February 09, 2017, 04:38:23 AM

Quote from: BuyWithBitcoin.info on February 09, 2017, 04:17:25 AM

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?

For me bitcoin is another great income source and a great way to invest my savings.
I agree with your thoughts about the lower fees,but i don`t know for how long the btc fees will continue to be lower than the other payment method transaction fees.

Yes that's the question every Bitcoin enthusiast is contemplating, it's a growing worry that you have to pay more for quick transaction confirmations and if this persists as more people join the Bitcoin world it is going to increase astronomically and we are in danger of losing that virtue of low transaction fees that Bitcoin possesses.

jakelyson

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Quote from: Sundark on February 09, 2017, 05:15:45 AM

Op you are right, but tell me why we don't see bitcoin transfers dominating the remittance market?
We don't see Western Union, Money Gram or Ria filling bankruptcy papers do we?
Using Bitcoin is still confusing: first you have to buy BTC, then transfer it, and lastly your recipient needs to sell it.
Sending money through Western Union is filling one paper and that is basically it.

Bitcoin users are still the minority. We are just a few percentage of the total population that uses fiat. Even if all bitcoin users stop using those services, they will not feel it yet. Would western union feel the pressure, no, not yet at least. Maybe in the future when we grow in numbers.

And the learning curve of using bitcoin is very small. Besides, you can do all that you said at the comfort of your home or do it on your mobile phone. There is no extra hassle of going outside and filling up forms.

xuan87

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Bitcoin has helped through the hard time, it has become a great source of side income and the best thing is it is a great investment, for me bitcoin is better than any banks because it can act as currency it also can act as a great investment, and sending bitcoin doesn't caused any taxed that is the reason I love using bitcoin

burner2014

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Quote from: BuyWithBitcoin.info on February 09, 2017, 04:17:25 AM

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?

As you have said bitcoin change my life especially financial one.
It helps me to become disciplined person and to earn through trading and investing, as time is passing by I learned to value what I have and to enrich it. It helps me proven that there are lots of opportunities and going to foreign country is not always the key to success. I found success here in bitcoin.

ko0ll0ove

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Quote from: BuyWithBitcoin.info on February 09, 2017, 04:17:25 AM

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?

to me, bitcoin not really affect to my daily life because I don't have much bitcoin and I'm not invest all of my money in bitcoin. But there are many positive things that bitcoin gave me. In the first time I start to look for information about bitcoin, I really excited and spent more than 2 days for searching btc relations. Its not really change my life but its improves my activities. I mean, I can earn about 0.001-0.005 bitcoin a day (not much but I can buy a meal with bread or noodle) so I have some extra fund to do/buy another things in my wish list.

And yes, I agree with you that bitcoin is helping many people, and its has lots of benefits so thats why i'm gonna spend more time to research and invest more fund to bitcoin and consider it is a good way to change my life

Wendigo

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Quote from: Kuriko on February 09, 2017, 07:08:27 AM

Quote from: Wendigo on February 09, 2017, 06:35:17 AM

Quote from: mobnepal on February 09, 2017, 06:01:45 AM

I have struggled to receive and store what i was earning online before because paypal doesn't accept registrations from our country and libertyreserve got shutdown, i also lost so much on it.

So basically for me bitcoin has been one of the best way to receive and store my online earnings as well as i am doing very good in crypto trading. I love BTC

But you will need a 3rd party to convert your digital Bitcoin coins into local physical cash won't you? In other words you will have to deal with websites that can exchange your assets for cash. I call that 3rd parties.
I need 3rd parties. Everyone needs 3rd parties as well. Whoever objects to that is a dirty liar Grin

Exchanging with people would cost less than any third party, besides If you live in Arnhem Netherlands you don't need any third party.

But private Bitcoin sellers usually jack up the markup prices and you can end up paying more or receiving less for those coins than at a normal Bitcoin exchange. I am not familiar with the situation in Arnhem. What is so special about it? Are you able to use Bitcoin in shops and supermarkets or what?

positivezero

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Yes bitcoin is better than any banks since bitcoin is another way to send and receive money for user to user. Not only the way of sending and receiving bitcoin but also the way they paid every users in every signature campaign, the payment is paid fast and the transactions is very easy and convenient to used.

Kuriko

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Quote from: Wendigo on February 09, 2017, 06:35:17 AM

Quote from: mobnepal on February 09, 2017, 06:01:45 AM

I have struggled to receive and store what i was earning online before because paypal doesn't accept registrations from our country and libertyreserve got shutdown, i also lost so much on it.

So basically for me bitcoin has been one of the best way to receive and store my online earnings as well as i am doing very good in crypto trading. I love BTC

But you will need a 3rd party to convert your digital Bitcoin coins into local physical cash won't you? In other words you will have to deal with websites that can exchange your assets for cash. I call that 3rd parties.
I need 3rd parties. Everyone needs 3rd parties as well. Whoever objects to that is a dirty liar Grin

Exchanging with people would cost less than any third party, besides If you live in Arnhem Netherlands you don't need any third party.

Carmen_Sandiego

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Quote from: Mbokani on February 09, 2017, 05:31:36 AM

Quote from: Sundark on February 09, 2017, 05:15:45 AM

Op you are right, but tell me why we don't see bitcoin transfers dominating the remittance market?
We don't see Western Union, Money Gram or Ria filling bankruptcy papers do we?
Using Bitcoin is still confusing: first you have to buy BTC, then transfer it, and lastly your recipient needs to sell it.
Sending money through Western Union is filling one paper and that is basically it.

It is not a hard work to learn about sending and receiving money and yes it is true that you just need to fill one paper to send or receive money through Western union or money gram but what you are not telling is the travelling expense and the time you spend to reach the exchange and the long queues you have to stand to fill out the form finally ,with bitcoin you can control everything at the comfort of your surrounding .

Considering that it is enough to use a computer (or smartphone) and internet, things that most people have nowadays, the costs of sending money around the world actually become smaller. I have to add that the convenience of being able to use a payment system that does not requires bureaucratic procedures is something that attracts many users. I think there are a number of advantages that are easy to see when using this, and it's only a matter of time before people get more involved in using Bitcoin.

Wendigo

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Quote from: mobnepal on February 09, 2017, 06:01:45 AM

I have struggled to receive and store what i was earning online before because paypal doesn't accept registrations from our country and libertyreserve got shutdown, i also lost so much on it.

So basically for me bitcoin has been one of the best way to receive and store my online earnings as well as i am doing very good in crypto trading. I love BTC

But you will need a 3rd party to convert your digital Bitcoin coins into local physical cash won't you? In other words you will have to deal with websites that can exchange your assets for cash. I call that 3rd parties.
I need 3rd parties. Everyone needs 3rd parties as well. Whoever objects to that is a dirty liar Grin

Topic: Bitcoin Is Better Than Any Banks And Any Other Third Parties - page 5. (Read 5001 times)