Cryptocurrency vs MoneyGram/Western Union for Money Transfers.

[Etini]

If you have a relative living abroad, you would agree with me that one of the challenges faced is the transfer of money to and fro abroad.

With the advent of cryptocurrency, I see that problems being solved substantially. You can now transfer any funds abroad just through the use of a crypto wallet. I think it is better than MoneyGram and Western Union. The fees are lower and the processing speed is almost instant.

 

[Good-Person]

There was a time when I used to use western union to receive my money. However, now i prefer cryptocurrencies because cryptocurrencies are more flexible for sure.

 

[Nomad]

Crypto transfer fees is nominal compared to western union and money gram. If you do not have problem with converting crypto into fiat, you can use it instead of money gram and western union

 

[Nsikan]

I remember those days when family members used to struggle to send money to their relatives abroad. All those things have been eliminated through cryptocurrency.

 

[Riberet19]

Well I think it is normal for this to happen since the three seek to take control of cross-border transactions, I still prefer cryptos without a doubt.

 

[Bisolami]

Well I think it is normal for this to happen since the three seek to take control of cross-border transactions, I still prefer cryptos without a doubt.

I also prefer cryptocurrency because I can just trade it with people in my country instead of making use of Western Union

 

[Riberet19]

I also prefer cryptocurrency because I can just trade it with people in my country instead of making use of Western Union

Yes, it is faster and does not have a counterpart, you only need both of you to have a wallet that accepts cryptocurrencies and have the funds, nothing else

 

[Salt]

The problem I face is, I am yet to find any way through which I can convert my crypto into real cash with no or minimum fee