Would it be simpler to transfer pay using Bitcoin if I'm renting abroad?

Asked 4 months ago

I'm from South Africa and currently studying in Europe, and I started thinking about how crypto automatically converts to fiat currency when using Bitpay to make payments. This lead me to wonder whether it would be more efficient and cost effective to pay my rent using Bitcoin instead of having to transfer ZAR from my account through an exchange and then into my landlord's account.

Carl Ruiz

Monday, October 10, 2022

Transferring pay using Bitcoin is simpler if you’re renting abroad. This digital currency facilitates international remittances by clearing intermediaries like banks and RSP and lowering the costs of overseas payments. The borderless nature of Bitcoin and its availability to all make it suitable for use abroad.

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