In one corner, you have Western Union, fleecing those in poverty for global remittances using a 180 year old monopoly.
Why are the financial authorities retarded?
In the other corner, you have a California startup making remittances virtually free for the poor utilizing a fancy electronic system superior to the telegraph.
The only Jew I would call a kike to his face is this piece of shit.
How to send money with coinbase? Is it really cheaper than a bank transfer/western union?
A person in a rich country sends the funds using a phone to the phone of the family member in a shithole country. That person then exchanges the BTC to local money at the coinbase office, for about 1/80th of the cost as western union.
The way western union does it, the person in the shithole has to prove who they are; which is difficult when there is no functional government. Western Union steals so much from these people.
And bit(ch)coin, mysterious donations, business that profit without clients, …
Surely they have some jewish scheme sorted out.
Lots of overpriced nonsense, obvious tax havens, …
They aren't retarded, theyre evil.
It's all on purpose.
>theyre evil.
No they aren't. They are retarded.
>mysterious donations, business that profit without clients, …
>Surely they have some jewish scheme sorted out.
You hate the poor?
>exchanges the BTC to local money at the coinbase office
You are a fool
…
if you believe that, then you are retarded
Because:
1. coinbase still uses the "telegraph", just in a different way
2. coinbase does not insure your transfer
3. if BTC falls by 20% during the transfer you are fucked
4. special fees and additional insurance against this are noncompetitive against WU fees
but even then.. a bank check is still cheaper as is a wire transfer. You do know how to write a check and set up a wire transfer, right op?
>1. coinbase still uses the "telegraph", just in a different way
The internet is the evolution of the telegraph.
>2. coinbase does not insure your transfer
Good. Fuck insurance.
>3. if BTC falls by 20% during the transfer you are fucked
Better to fall by 20% than to pay 50% fee.
>4. special fees and additional insurance against this are noncompetitive against WU fees
Huh?
>but even then.. a bank check is still cheaper as is a wire transfer.
What if country doesn't have a bank?
Bullshit.
>retarded
No, they aren't dumb but evil. They know what they are doing.
>They know what they are doing.
Which regulatory authority are you referring to? The banks? The SEC? The IRS? I am confused what you mean.
I have never seen a coinbase office here although it may exist