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[-] merc@sh.itjust.works 1 points 2 days ago

You don't need to hold it on an exchange, but you need an exchange. You need some place where you can find people who want to buy Argentine Pesos and sell Bitcoin so that you can buy Bitcoin and sell your Argentine Pesos.

cheap & fast international settlement

You think Bitcoin is cheap and fast?

[-] doylio@lemmy.ca 1 points 1 day ago

Certainly cheaper and faster than Western Union, but yeah it's horribly slow by modern blockchain standards

[-] merc@sh.itjust.works 1 points 1 day ago

Also slow compared to actual payment processing networks for real money.

this post was submitted on 01 Feb 2025
545 points (100.0% liked)

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