CoinCorner partners with Bitnob for cross-border trxs from UK & Europe to Africablog.coincorner.com/coincorner-partners-with-bitnob-to-facilitate-cross-border-transactions-from-uk-and-europe-to-3c5b6f059622
785 sats \ 7 comments \ @KenyaCoin 12 Dec 2022 bitcoin
write
preview
related posts
75 sats \ 4 replies \ @252 12 Dec 2022
Good news but the CoinCorner exchange rate and the trading fee are high not like Strike.
reply
25 sats \ 2 replies \ @chairman_pretense 12 Dec 2022
There’s an argument that we should support exchanges with higher fees.
It suggests a more honest, transparent business model and less incentive for the business to shitcoin or pull shady trading shenanigans.
reply
25 sats \ 1 reply \ @252 13 Dec 2022
No excuse for charging high fees look at Strike, which has very low fees.
reply
25 sats \ 0 replies \ @chairman_pretense 13 Dec 2022
My point is the money has to come from somewhere to make a business viable. Many services are cheap or free because they’re just burning fiat VC credit or making more money from front running shitcoin launches than bitcoin.
Strike appear to be in the business of burning money with low margin sales to grab market share. It’s a fair strategy but it can’t last forever.
reply
20 sats \ 0 replies \ @millo 12 Dec 2022
The benefit should come from low conversion spreads and less KYC isn't it?
reply
10 sats \ 0 replies \ @KenyaCoin OP 12 Dec 2022
Send Globally will allow millions of people with British pound (GBP) or Euro (EUR) to transfer funds freely and instantly to Nigeria, Kenya and Ghana via the Bitcoin Lightning Network, starting with GBP or EUR and ending with Nigerian naira (NGN), Kenyan shilling (KES) or Ghanaian cedi (GHS) in a local bank account or mobile money wallet.
When a CoinCorner customer uses Send Globally, their pounds will be automatically converted into Bitcoin (BTC) and sent via the Lightning Network. Once the BTC is received at Bitnob, it will be instantly converted into the local currency — NGN, KES or GHS — and the recipient will receive the funds straight into their bank account or mobile money wallet.
reply
25 sats \ 0 replies \ @FreddyAllArk 12 Dec 2022
Why not just transfer sats. :)
Freddy from AllArk
reply