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Think Big. Move Fast.

Using Bitcoin for sending money between countries seems like a no brainer; because the costs are so low, there is the potential for huge savings for immigrants sending money home.  But, as I wrote about in GigaOm this past weekend, Bitcoin isn’t yet ready to serve as a replacement for world wide remittance.

Read the full article at GigaOm: http://gigaom.com/2013/09/07/bitcoin-isnt-ready-for-prime-time-as-a-world-wide-remittance-replacement/

 

Follow Jeremy (@jeremysliew) and Lightspeed on Twitter @lightspeedvp 

 

 

  • http://realfilling.com/ the99th

    Not as of that writing, we need tighter spreads and lower fee exchanges tied into local banking systems. We’re working on providing liquidity for that end.