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.Lots of derivatives are only available to people on Wall Street or connected to wall street and also are very expensive.Coinbase providing retail people the ability to lend in scenarios with high yield.This is where crypto has actual value. Providing better financial services at lower costs.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.Cash flow and actual value are better investments in the long run over guessing what the next collector's items will be.