Because in practice services like TransferWise solved this problem using fiat currencies with fees low enough not to make it worth bothering with crypto.

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ikt 3 days ago | parent | next [-]

I duno, I still can't make a payment on the net without Visa or Mastercard, still a problem to be solved to me

Looks like other people still trying to solve as well:

> Earlier this year, Coinbase changed online payments forever with a new protocol called x402. But could this technology really usher in a new age of 'machine to machine' payments? Let's run it...

https://www.youtube.com/watch?v=S6wc6yvoZLY

	▲	lmm 2 days ago \| parent [-]
		> I still can't make a payment on the net without Visa or Mastercard Let me introduce you to the wonders of Discover.

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nout 3 days ago | parent | prev | next [-]

For larger amounts it makes sense to use the bitcoin rails for international transfers. I'm doing bank to bank international transfers and using bitcoin saves around 3% compared to Wise and you get the money immediately (or within 1hr, depending on what you use).

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fpoling 2 days ago | parent [-]

Few years ago I needed to transfer a big sum from a Scandinavian country into Euro. The official bank exchange rate plus fees was worse than Wise’s. But I asked the bank and the bank gave me an exchange rate that was like 0.1% better than one from wise.

	▲	nout 2 days ago \| parent [-]
		Depending on the direction, but there are ways to actually make a little extra on top of the middle exchange rate (e.g. on the USD to EUR path), since there are many people that want to buy no-KYC bitcoin in Europe and they are willing to pay a couple % extra.

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troyvit 2 days ago | parent | prev | next [-]

Man they don't solve it for me. They charge much more for using a credit card vs a checking account, especially when going across currencies, and I consider it pretty dumb to share my checking account information around when I can control things much more easily with a credit card. And literally any fee they charge is more than what nano charges. It's just that nobody takes nano :(

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rjdj377dhabsn 2 days ago | parent | prev [-]

Every time I try to use TramsferWise, I end up jumping through KYC hoops for hours - days. Sending crypto is much simpler and faster.