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Category Archives: Bitcoin for sending money

Does Bitcoin/Blockchain make sense for international money transfers?

Bitcoin money transfer: competing with fast elephant

“I think we will know when bitcoin has reached prime time when it is transferring more value each day than Western Union or Money Gram…”

Roger Ver, November 2013

Bitcoin money transfer is usually discussed in either sensational or downright misleading way. There is a significant category of Bitcoin or, currently more popular, blockchain stakeholders and observers who seem to be completely vested in this innovative product’s awesome potential and are unable to entertain a deviating opinion. This very smart and capable, but, unfortunately, close-minded group believes that Bitcoin cancels a need for regulation and would soon destroy Visa, Western Union and “banks.” Articles written for and by such audience are easy to find, and we will not link to them to avoid enabling such either outrageously ignorant or deceptive opinions.

Rational view of Bitcoin/Blockchain for sending money

In this context, we are always grateful to find discussion about Bitcoin/Blockchain for remittances which attempts to be more objective. Here are some examples: Bootstrappers guide to bitcoin remittances, Tackling bitcoin price swings OR

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How remittances are regulated in USA?

— Posted by SaveOnSend to "Hot" topics, Bitcoin for sending money, Regulations   |   0 Comments

At SaveOnSend, we don’t have any expertise in regulation of remittances in USA, but will uploading here useful insights from those who do have such expertise. If you come across useful media that we should add, please let us know

David Landsman, NMTA – Executive Director, 2013

Faisal Khan’s blog, May 4, 2015: “The Sandstorm That Is Blanketing The Operations of Money Transfer Companies

Faisal Khan’s response, May 18, 2015: “If I am a licensed MSB in outside the US, can we have an online website and run our own money transfer from the US to our country?

Faisal Khan’s blog, March 13, 2015: “How legal is bitcoin remittance?

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