You will probably get biased results posting it on this forum.
Everyone here (hopefully) believes in Bitcoin.
Topic: Do you think Bitcoin makes revolution on money transfer market ? (Read 3126 times)
September 15, 2015, 11:15:39 AM
September 15, 2015, 10:59:20 AM
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
September 02, 2015, 10:19:33 PM
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.
The main attraction of bitcoin on money transfer market is the very low cost in sending money.
September 01, 2015, 01:50:50 PM
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 
September 01, 2015, 09:16:08 AM
I do not think that Bitcoin can make revolution in money transfer market, people can transfer money through online banks worldwide without any problem
September 01, 2015, 03:35:06 AM
may be, if bitcoin is well known in the community and accepted by the general public, bitcoin might change the transfer market
August 31, 2015, 11:51:59 AM
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 
August 31, 2015, 06:24:50 AM
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 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
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.
August 31, 2015, 06:15:55 AM
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. Governments want to be able to control the economy, and cryptocurrency makes it harder to do that.
So you could see who is sending money to whom.
August 31, 2015, 06:04:37 AM
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.
August 31, 2015, 05:28:21 AM
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
August 30, 2015, 05:34:54 PM
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.
August 30, 2015, 04:33:53 PM
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. 
August 30, 2015, 04:23:46 PM
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.
August 29, 2015, 08:54:10 AM
Quote
Do you think bitcoin makes money transfer more easier ?
yes August 29, 2015, 08:51:11 AM
Of course it does, why do you even asking this question or making the poll. But however some people have the opposite opinion 
you see...for that i make this pool )) 
August 29, 2015, 08:25:09 AM
Of course it does, why do you even asking this question or making the poll. But however some people have the opposite opinion
August 28, 2015, 11:36:01 PM
Magnitudes better! Now all my international transactions go through bitcoin. If you are experienced trader on localbitcoins, you could even make some money on both ends of exchange
Before, when I went to abroad, I used to take my credit card, and since not all the merchants accept foreign credit cards, (VISA and Master are expanding very fast though), the best way is to use a card that is issued by a bank in that country. But it is difficult to send money into that country anyway, and I lose a lot during the currency conversion process
Now with bitcoin problem solved, I just need to open an account in a bitcoin exchange in that country (if there is one), or post a trade advertisement at that country on localbitcoins (typically you can get a better price than exchanges on localbitcoins if you are the advertiser) and let the buyer pay to your account in that country. Of course you should have some experience since some scammers might direct others to pay to your account. It is a good practice to only accepting payment from traders with good feedback
Before, when I went to abroad, I used to take my credit card, and since not all the merchants accept foreign credit cards, (VISA and Master are expanding very fast though), the best way is to use a card that is issued by a bank in that country. But it is difficult to send money into that country anyway, and I lose a lot during the currency conversion process
Now with bitcoin problem solved, I just need to open an account in a bitcoin exchange in that country (if there is one), or post a trade advertisement at that country on localbitcoins (typically you can get a better price than exchanges on localbitcoins if you are the advertiser) and let the buyer pay to your account in that country. Of course you should have some experience since some scammers might direct others to pay to your account. It is a good practice to only accepting payment from traders with good feedback
August 28, 2015, 11:20:50 PM
Yes it have already revolutionised the money transfer market.
Now a days neteller is also accepting payments/deposits in bitcoins.
Now a days neteller is also accepting payments/deposits in bitcoins.
August 28, 2015, 10:55:44 PM
bitcoin made a large impact on the payment processing systems , especially the fast transactions and low fees. Bitcoin posed a good alternative
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