Bitcoin vs Western Union: How Low Fees Are Disrupting the Remittance Industry April 10, 2015 ... Comparison as of Apr 5, 2015 for transferring to Kenya: Comparison as of Apr 5, 2015 for transferring to Tanzania: While Bitpesa charges 3% on the BTC to KES / TZS exchange rate, Western Union still falls short by charging an even higher fee on the exchange rate, along with an additional transfer ... Western Union, by far the larger company with a market value of $8.5 billion in comparison with MoneyGram which has a value of just $164 million, would be picking up a business that is actually lagging in a time where cross border payments should be booming. Find a bitcoin ATM and deposit cash, which can then be converted into BTC. Use a crypto broker that accepts cash deposits. Use an exchange that allows you to deposit funds into your account using a money transfer service, such as Western Union or MoneyGram, and pay for your transaction with cash. Cryptex24 is one such platform. While many critics are scaling up Bitcoin for scalability issues, it usually takes about an hour to process an average transaction. For comparison, Western Union, MoneyGram and other companies representing the $ 700 billion industry will keep you up to five days. Ripple currently offers XRP, which is widely used in cross-border payments, faster than 1500 TPS. Related: Japanese ATM’s ... See How Easily You Can Buy Cryptos. Cryptos and Bitcoin are booming in Africa. As a payment method and as a protection against inflation. In this guide you will learn how to buy Bitcoin in Africa ₿. Binance is a good exchange to buy bitcoin in Uganda. As at the time of this post, it is the largest crypto exchange in the entire world by trade volume. Binance offers a lot of services with a plethora of tokens. The sole owner of this exchange is a young man known as Changpeng Zhao. He founded this exchange in the year 2017 but the popularity of this exchange has since then grown like a ... LakteBTC is a Chinese-based exchange but they operate in more than 50 countries including the USA. The exchange is among the 10 best exchanges by average daily trading volume. Customers can make deposits via bank wire, Western Union, MoneyGram or cash. Keep in mind that the interface can be a little confusing for beginners.
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