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Topic: Use Case - Bitcoin intl money transfers - page 2. (Read 2587 times)

legendary
Activity: 1008
Merit: 1021
Democracy is the original 51% attack
October 20, 2011, 02:22:55 PM
#1
Good article detailing a money transfer to China.

http://bitcoin-trader.blogspot.com/2011/10/send-money-to-china-with-bitcoin-and.html

Note that even with low volumes and market depths and an immature, inefficient market, Bitcoin still offers the cheapest solution to send money. With more developed exchanges and greater volume, transfer costs will fall precipitously even from these levels.

Bitcoin FTW
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