Here’s a practical use case: Sending money internationally.
I wanted to send some money to a friend in another country once, and it was difficult to find some service that could do it without some crazy expensive fee.
I’ve sent money to other countries before, but for this particular country, it was different. Maybe it’s some (dis)agreements between our governments, banks, etc. Maybe it would require the service to send it through another country or two, or convert it to some other intermediate currencies. I didn’t look into it, so I don’t really know why it was so expensive.
Anyway, it was much simpler and cheaper to just send crypto instead.
Here’s a practical use case: Sending money internationally.
I wanted to send some money to a friend in another country once, and it was difficult to find some service that could do it without some crazy expensive fee.
I’ve sent money to other countries before, but for this particular country, it was different. Maybe it’s some (dis)agreements between our governments, banks, etc. Maybe it would require the service to send it through another country or two, or convert it to some other intermediate currencies. I didn’t look into it, so I don’t really know why it was so expensive.
Anyway, it was much simpler and cheaper to just send crypto instead.
Wise, Revolut and others handle it for you with low fees.