Bithumb and BitPay, two of the largest cryptocurrency related companies have partnered up to enter the remittance market (Moving money around basically, most often across borders). This will be done by taking invoices from Bithumb, and converting invoices to bitcoin and processing the invoice through BitPay.
“Right now, people are doing cross-border payments […] and paying bank wires, FX fees around 4% and it takes about four days. Using Bithumb and BitPay, we’re able to make this a 1% fee in one business day,” Singh.
Game Changer
Just like trains untied early America and caused an economic boom. This partnership between Bithumb and BitPay is the modern train in the remittance market. Cutting down significantly on time and fees of moving money, this is in the next few years going to be widely adopted. I mean who wouldn't, if you owned a business why waste your time and money when you can do it cheaper and faster with no difference in the result. Differently a big game changer, at least the concept.
Thanks for this worth a follow. I enjoyed it, Keep up the good work.
Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.Congratulations! This post has been upvoted from the communal account, @minnowsupport, by isthewiz from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
Congratulations @crypto3lite! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
<p dir="auto"><a href="http://steemitboard.com/@crypto3lite" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link"><img src="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/voted.png" srcset="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/voted.png 1x, https://images.hive.blog/1536x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/voted.png 2x" /> Award for the number of upvotes received <p dir="auto">Click on any badge to view your own Board of Honor on SteemitBoard.<br /> For more information about SteemitBoard, click <a href="https://steemit.com/@steemitboard" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">here <p dir="auto">If you no longer want to receive notifications, reply to this comment with the word <code>STOP <blockquote> <p dir="auto">Upvote this notification to help all Steemit users. Learn why <a href="https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">here!Congratulations @crypto3lite! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
<p dir="auto"><a href="http://steemitboard.com/@crypto3lite" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link"><img src="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/votes.png" srcset="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/votes.png 1x, https://images.hive.blog/1536x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/votes.png 2x" /> Award for the number of upvotes <p dir="auto">Click on any badge to view your own Board of Honor on SteemitBoard.<br /> For more information about SteemitBoard, click <a href="https://steemit.com/@steemitboard" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">here <p dir="auto">If you no longer want to receive notifications, reply to this comment with the word <code>STOP <blockquote> <p dir="auto">Upvote this notification to help all Steemit users. Learn why <a href="https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">here!