[...]
Moreover, if Bitinka is successful, it would be "stealing" remittance service customers from the local banks, by undercutting their fees. Good luck getting bank accounts and the necessary approvals from the local governments...
Moreover, if Bitinka is successful, it would be "stealing" remittance service customers from the local banks, by undercutting their fees. Good luck getting bank accounts and the necessary approvals from the local governments...
Thanks for the analysis. It does seem a little like a solution waiting for a problem to anyone who is being well served by the current system. Also, does not seem to work at all for the people who need it most. (Venezuela?)
BTW, they apparently have all banking relations in place and ready to go. It remains to be seen if they will *go* anywhere.
*edit* they even have a trollbox! Sweet! https://www.bitinka.pe/bitinka/home