Viewing a response to: @mountrock/re-spencerapplebaum-bitspark-the-world-s-first-cash-in-cash-out-remittance-platform-leveraging-blockchain-technology-20171117t124552152z
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.
| post_id | 18,139,543 |
|---|---|
| author | alpav |
| permlink | re-mountrock-re-spencerapplebaum-bitspark-the-world-s-first-cash-in-cash-out-remittance-platform-leveraging-blockchain-technology-20171119t154403552z |
| category | bitcoin |
| json_metadata | "{"app": "steemit/0.1", "tags": ["bitcoin"]}" |
| created | 2017-11-19 15:44:03 |
| last_update | 2017-11-19 15:44:03 |
| depth | 2 |
| children | 0 |
| net_rshares | 0 |
| last_payout | 2017-11-26 15:44:03 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 568 |
| author_reputation | 13,839,203,997 |
| root_title | "Bitspark: The World’s First Cash-in Cash-out Remittance Platform Leveraging Blockchain Technology" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |