the difference between a new, open monetary network (bitcoin) and closed apps that plug into the current antiquated system are night and day. One day you’ll get it.
I don't even know anyone in the US who has a PaySend account, we use Zelle, PayPal, Venmo among friends and family It's not possible for a 16yo who was able to escape to Poland to open a PaySend account, but open monetary network apps are 1-click away with no registration needed “It's always possible to wake someone from sleep, but no amount of noise will wake someone who is pretending to be asleep.” https://top10mobilebanks.com/paysend-global-account-review/
In addition to transaction fees, isn't there also market risk, the price of bitcoin at the time of conversion into local currency??
Your numbers are wrong, but you're actually painting a bullish picture Bitcoin and cryptos are a $2 Trillion financial system and you're saying it's only 0.01% of the Total Addressable Market (TAM) Cryptos are so fucking early then. Yolo and go all-in!! ------------------------------------- "Imagine a person in South Korea sending a relative in Lebanon, Peru or Sri Lanka some money because the financial systems in those places have collapsed and you're arguing there is no use-case because they can use Paysend, lmao"
I am also bullish on blockchain/crypto in the long term, but first we need fake money to leave the system, see the fall out and then we will have a normal asset traded in real money like any other asset on this planet.
If you are in Shri Lanka right now and need food, please enlighten us how can crypto help you???? Money of no help as well of course. Once again crypto did not solve a single issue up to date.
I'm guessing YOU know Sri Lanka is going belly up. For those unaware... https://www.msn.com/en-in/news/worl...-80-99-warn-credit-rating-agencies/ar-AAWdXGD