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RE: Bitspark: The World’s First Cash-in Cash-out Remittance Platform Leveraging Blockchain Technology

in #bitcoin7 years ago

The goal is to bypass banks in every step of the chain and crypto debit card is still linked to banks right ? So yes, remittance company has to have money available just like a bank or Western Union.
What is cool about using BTS is that you can receive money while you are talking to your sender, because BTS tx takes only a minute or less with all confirmations.
I think the situation with BitCoin when people get cash after just one confirmation is abnormal and exists just because BTC is so congested. There should be more than 1 confirmation in any crypto network.