This seems reasonable to me, but does Ukraine not have banks that accept wire transfers? Can’t I just log into my US bank and do an international transfer to a recipient in Ukraine?
You can even deliver package without any single issue other than a bit higher cost.
I do not understand how bitcoin would be better over bank controlled transaction.
Because you get cash in Kiev within the hour, instead of in a couple of days.
Does it take a long time in Kiev to process transfers?
How does the recipient spend butcoin anyway? Wouldn’t they need to transfer it to a local bank before withdrawing as cash or whatnot?
There are a bunch of exchange desks that will immediately exchange to paper USD. Want half a million dollars in cash within the hour? No problem.
Of course they do, it’ll just take at least a day for the money to arrive.