Would be great to read a comprehensive write up on how it works legally in the very detailed way. Much more interesting than how it works technically tbh
For now it seems like in the veery simplified form you have money in the US bank and in the EU bank and once I come to you in the US and give you $100 you immediately buy bitcoin for $100 in the US, send it to someone in EU, the person in EU converts bitcoin to money in EU bank and sends it to my friend in EUR
Does it really work like this? How many gotchas in the process? What risks are managed and what are not? Extremely interesting!
viktorvsk / Viktor Vsk
npub13f…fgvmt
2024-04-17 21:40:11
in reply to nevent1q…rw2q
Author Public Key
npub13f5edp5przy3sm0nnrrj205vgstuuul7s98datn7ekqahh54x6kqufgvmtPublished at
2024-04-17 21:40:11Event JSON
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"pubkey": "8a699686811889186df398c7253e8c4417ce73fe814edeae7ecd81dbde9536ac",
"created_at": 1713390011,
"kind": 1,
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"content": "Would be great to read a comprehensive write up on how it works legally in the very detailed way. Much more interesting than how it works technically tbh\n\nFor now it seems like in the veery simplified form you have money in the US bank and in the EU bank and once I come to you in the US and give you $100 you immediately buy bitcoin for $100 in the US, send it to someone in EU, the person in EU converts bitcoin to money in EU bank and sends it to my friend in EUR\n\nDoes it really work like this? How many gotchas in the process? What risks are managed and what are not? Extremely interesting!",
"sig": "e917a238fa8a1a8c1f0ae06bd7eb93e8fac17fc50b593d3affb49e5f4988fd429d0ad5bbfdf5482da2d4d28470f310f7c0901c2eeaa8496d3f94037b98f2c7da"
}