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Replying to Avatar Lyn Alden

My husband is driving to the bank to try to sort out ongoing issues with wire transfers to our own account in Egypt.

We used to transfer with no issues but lately they have been blocked. And they don’t make it clear where it was blocked, so we have to talk to banks on both sides and triangulate where the issue is. It could be related to Egypt’s ongoing currency crisis since they’ve been doing some capital controls, but we don’t know yet.

And in the meantime we’ve been sending money via a remittance service instead, which is about 5x more expensive in terms of fees.

Fiat system is going great. Keep it up guys. Absolutely nothing to disrupt here.

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Cristina 1y ago

Why not put it on BTC and if you need to turn it into fiat, do it at an exchange and forward it? Makes no sense to keep fighting the banks. This is the exact reason why I got into Bitcoin, as I experienced this exact thing, that is not really new. Bitcoin is the solution to this problem i have been having for a long time.

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