SLP457 Bitcoin as International Money with Bill Hill & Malcolm Weed
Stephan Livera Podcast
00:00
Remittance in the Philippines
A hundred million US dollars a day comes into the Philippines from overseas foreign workers. We've seen estimates that about 7% of that is lost in fees. Getting the locals to start understanding and accepting Bitcoin is getting them a step closer to avoiding that 7% in fees. Once we completely become interoperable and start sending value through the send globally function cross-border over the world, I really think the remitlies and the transfer wisers are going to wake up and go like, oh shit, these guys are doing remittance for 2% or less.
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