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I've seen anecdotally a lot of use for cross-border payments. (Try wiring $500 to grandma, and see how many middlemen take a share)



I just use TransferWise. Works great.

I used to use Xoom but every six months when I'd go to do a transfer they'd need more security verification and it got tiresome. Although that was a few years ago, maybe it is better now.


Services like TransferWise and Xoom are great, provided both parties have access to good banking services. But, a lot of the remittances market is people working in a foreign country sending money back home to people who may well be unbanked. Some of the startups targeting that market, using bitcoin as the transfer layer, are pretty interesting.


well, there are bunch of services which make it easy (e.g. xoom.com) and allow tracking of transactions and verification of transfers etc.


Unrelated: I remember when xoom.com was an e-mail service provider with free web space back in 1999. Feels weird to see URLs recycled like this.

http://web.archive.org/web/19990508170650/http://www.xoom.co...


xoom rocks this




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