So an immigrant from a country like Mexico, Africa or South-east Asia will send money back to his family in bitcoin?
How exactly would that go? Work -> Get paid in USD -> Convert to BTC -> Send -> your Taiwanese family gets the bitcoins -> Convert them to local currency -> Enjoy!!!
You can't be serious, indeed the % of people who opted for this solution is probably so big that could feel comfortable in a 24m^2 room.
"How exactly would that go? Work -> Get paid in USD -> Convert to BTC -> Send -> your Taiwanese family gets the bitcoins -> Convert them to local currency -> Enjoy!!!"
Yes.
"You can't be serious, indeed the % of people who opted for this solution is probably so big that could feel comfortable in a 24m^2 room."
Here's a thread full of people who have tried this very process:
It is quite easy, and more inexpensive than other forms of international money transfer, to convert money between fiat and bitcoin at this point, in many countries. On Coinbase for me at this point the BitCoins are available instantly after purchase. You should give it a try sometime :-)
