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0 sats \ 4 replies \ @mikhael28 22 Nov 2023 \ on: How would you approach building a Bitcoin remittance company? bitcoin
Such a concept is literally useless. You don’t need a remittance company, to take middleman fees. Just send the bitcoin directly.
Am I missing something?
You don't need it in a hyperbitcoinized world where most people (including seniors) know how to deal with bitcoin and have the possibility to spend it easily on products and services, etc. Until then, I still find bitcoin remittances a much needed application.
Context matters here as I am talking about a hyperinflated third world country that runs mostly on remittances from expats with senior population who isn't tech savvy..
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No offense, but ‘non tech-savvy’ senior populations will have just as hard of a time learning to use a remittance app as they would understanding how to set up a Trezor wallet.
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In both cases, they will need someone to hold their hand through the whole process. Why not just skip the middleman?
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If you buy a Trezor wallet, their software literally makes it easy to send bitcoin to any address.
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