El Salvador’s new Bitcoin wallets could cost Western Union $400M a year
Check cashing, wire transfer, western union style money transfer are all overpriced because competition doesn't really exist.<p>Lots of derivatives are only available to people on Wall Street or connected to wall street and also are very expensive.<p>Coinbase providing retail people the ability to lend in scenarios with high yield.<p>This is where crypto has actual value. Providing better financial services at lower costs.<p>Coins going up in value just because they are scarce or first movers, is just like Pets.com being valuable because they have a good domain name.<p>Cash flow and actual value are better investments in the long run over guessing what the next collector's items will be.