tl;dr Unshackled movement of money! Let me cite an analogy that would help you understand better. If email was regulated and you could only send email between approved providers, would you accept? Well your answer might be sure! You’ll accept. You don’t see any reason not to as long as the system works. What if I told you, […]
How much more or less expensive is it to transfer money from one country to another using Bitcoin than the traditional banking system?
In many cases, just marginally better. Lets say a traditional remittance transfer is 3% between US and Philippines, so for the $1,000 you are sending, the fees is $30. On the Bitcoin front, this might be about 0.75% to 1.0% at best. So you are paying $7.50 to $10 for the transfer. Great savings? Perhaps! […]
Possible? Yes. Can you do it today? No, Not yet. PayPal would most likely offer something like this later on, consider’s Square’s huge success in getting on the crypto-bandwagon market.
Probably Ethereum. It is the one that is perhaps most used. Plenty of smart contracts on it. Almost every ICO conducted has raised funds via Ethereum (or Bitcoin). Most of the transactions for ICO related token sales are on the Ethereum platform. Very economical to move value via Ethererum. Again, perhaps the only cryptocurrency token/platform […]
No. It is not. The Federal Deposit Insurance Corporation (FDIC) covers deposit insurance as held in the bank up to US$ 250,000 per account. Here is what is covered: FDIC insurance covers all types of deposits received at an insured bank, including deposits in a checking account, negotiable order of withdrawal (NOW) account, savings account, […]