I think crypto was genuinely an improvement for facilitating international money transfer. I personally transferred a bunch of my tuition payments from Germany to the U.S. via crypto, and it saved me a few thousand dollars in exchange payments and worse exchange rates.
I think this had more to do with how terrible international money exchange is (or was at the time, before Wise.com started being much better than the competition), but I do think the crypto part was genuinely helpful here.
Upvoted, and updating on this somewhat. I don’t think it’s a sufficient value proposition to justify the entire enterprise, but this is very much a non-trivial gain made because of crypto—I’m sure you’re not the only one to have done something like this.
I think crypto was genuinely an improvement for facilitating international money transfer. I personally transferred a bunch of my tuition payments from Germany to the U.S. via crypto, and it saved me a few thousand dollars in exchange payments and worse exchange rates.
I think this had more to do with how terrible international money exchange is (or was at the time, before Wise.com started being much better than the competition), but I do think the crypto part was genuinely helpful here.
Upvoted, and updating on this somewhat. I don’t think it’s a sufficient value proposition to justify the entire enterprise, but this is very much a non-trivial gain made because of crypto—I’m sure you’re not the only one to have done something like this.