> lagging 4 orders of magnitude behind the capability of credit cards
How can you transfer large amounts of money between countries with minimal fees using credit cards?
How can you transfer large amounts of money between countries with minimal fees using credit cards?
The sender doesn't have to buy Bitcoin first. They don't have to wire it to me. I don't have to turn it back into money (at God knows what rate). Coinbase looks like it would take 1.49%+$2.99 at each end for a large end-to-end.
And 1% is expensive. My bank charges a flat £25 for sending internationally. Many other banks and companies charge considerably less.
You should look into other cryptos.... bitcoin is not the one with least fees...
But whoever you pick, if you have to buy it with a card, chances are you're going to pay that card processing fee and a withdrawal fee at the other end. However you look at it, it's three transactions instead of one.
Ideally, an app would pick the best one at the time of transaction?
Edit: and just today I had issues receiving a wire transfer from Canada, again, and it was less then $1k (because of my home address)