So… here’s a suggestion: if we want to spread adoption in Central and South American countries, how about we stop charging 10% withdrawal fees at Bitcoin ATMs? 🙈
Whenever I look on the map that’s the fee I see.
Who do the ATM providers expect to use it with such high fees? People are better off just withdrawing at their local bank for 5-8$ in fees… that’s still less than at the BTC ATM?
If they had lower fees and could save in BTC, withdraw in their local currencies, adoption would skyrocket imo…
Also for travelers like us it would be so practical… but as long as traditional banking is cheaper (and tbh… that’s pretty absurd but it is what it is), who do we expect to use the ATMs?
#plebchain #bitcoin #atm
yodatravels / YODA travels
npub1vl…cs9rd
2023-08-01 20:14:52
Author Public Key
npub1vl4hymmmhr33vsvv63k059cdtqp5teg6m0qcd78h4gx58qzhjdgq7cs9rdPublished at
2023-08-01 20:14:52Event JSON
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"content": "So… here’s a suggestion: if we want to spread adoption in Central and South American countries, how about we stop charging 10% withdrawal fees at Bitcoin ATMs? 🙈\nWhenever I look on the map that’s the fee I see. \nWho do the ATM providers expect to use it with such high fees? People are better off just withdrawing at their local bank for 5-8$ in fees… that’s still less than at the BTC ATM?\n\nIf they had lower fees and could save in BTC, withdraw in their local currencies, adoption would skyrocket imo…\n\nAlso for travelers like us it would be so practical… but as long as traditional banking is cheaper (and tbh… that’s pretty absurd but it is what it is), who do we expect to use the ATMs? \n\n#plebchain #bitcoin #atm",
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