Crypto is very popular among people working in rich countries who send remittances back to their families in other countries. That's a legitimate use, a very popular use, and is obviously what Stripe is going for here.
Have used Wise in the past because it's very convenient to use but they are just extremely expensive compared to P2P crypto.
Also they don't support many countries or only support one direction.
Not a crypto bro and very critical of crypto fads normally but this use case actually works for a regular person like me.
Going to try Xoom though and check their rates. Hadn't heard of them.
Great as long as it works for you. Just wait until you yourself are stuck in a situation such as "Google locked my account and I can't reach support", "Stripe banned my business for no good reason" or "Wise froze my funds" - you literally see these threads on HN every week. Crypto suddenly starts to look a lot more appealing once you've experienced these situations yourself.
Locally, Binance P2P is used a lot for remittances, and plenty of establishments use it as a way to receive payments as well. I've seen the Binance QR code in a bunch of restaurants and autoparts stores, for example
I used it earlier this year to send money to my sister in Argentina. Super fast, no fuss.
https://www.freethink.com/technology/crypto-argentina-black-...
If the biggest player in the crypto space can’t get enough users, I’m doubting any real adoption.