Sending money to other countries is something as necessary as tedious.
Besides expensive and uncertain.
And slow.
In case you’ve never done it and you are curious about how it works, I will put as an example the day I had to send some money to Mexico.
The day I suffered sending money overseas.
For several reasons, three years ago I had to send 250 € to a friend in Mexico.
I had never done it before so I went straight to Google, I compared the two largest companies in the remittances market and finally opted for the one with most pedigree (or a better marketing strategy).
The second step took me to a bank of a collaborating entity in which, after waiting (of course) patiently a 40 minutes long queue, I had to fill in a form in which except my blood group, I had to write down everything.
Next it was time to checkout to send the money to my friend.
Overall, I lost half day in starting the operation, 14% between fees and volatility and my friend received the money several days later.
I do not know you, but we believe that this can be done better.
Bit2Me to the rescue
We have seen what the main features of bitcoin as a currency and how it differs from the current money.
In a hypothetical future in which bitcoin is a widely used currency, sending money from anywhere in the world it would be an almost instant and very cheap process.
For better or worse this is still not reality but honestly, it would be really useful.
For that reason at Bit2Me we have linked the technology that makes possible bitcoin, ie, the blockchain, to fiat currencies to create a service that combines the best of bitcoin with the best of cash.
A service that allows you to send money instantly (well, it depends on how fast you type), secure (the price is not affected by volatility) and simple (you just need to know how to read to perform the operation).
It sounds good, right?
Continue reading to see what you need to use bit2me, how to use it and an example case.
What you need
1- Bitcoins
2- Mobile phone with a spanish number
Nothing more.
It’s such a short list that it’s ridiculous.
How to send money to Spain with Bit2Me
Imagine that Dan is the father of Laura, an American girl who has come to Spain to study six months.
Dan does not want Laura trip to travel with lots of dollars to switch to euros once she gets to Spain, so he decides to use Bit2Me to send money occasionally.
To do it, he follows these steps:
1) Setting up:
When opening bit2me app, Dan enters the amount he wants to send Laura and her phone number.
2) Sending the bitcoins:
On the next screen, Dan has to send in bitcoins the amount of money that Laura wants to get in Spain.
To do this he has 3 options:
a.) To Copy the address shown, opening his favorite wallet app and pasting the address by hand.
b.) Clicking on “Send with Wallet” to launch the wallet app and configure the payment automatically.
c.) Clicking on “QR” to scan the address.
3) Laura gets the money:
Once Dan has made made the payment two things will happen at the same time:
– A PIN code will be shown in the next screen that he has to send to Laura.
– Laura will receive a sms with another PIN code.
For security reasons, Bit2Me doesn’t send the two codes at the same phone to avoid fraud in case of theft, for example.
Dan sends Laura then the code shown on his screen and she enters both codes and the amount to witdhraw at a compatible ATM with our network (ING Direct, Bankinter, Abanca, EVO Bank, Caja Popular Bank and Targo Bank) and begin to spend as she wants.
[Tweet “Sending money to Spain is not a pain anymore. Discover why.”]
A global service
This is an example to illustrate a case to send money from the US to Spain although it can be done from anywhere in the world.
You just need bitcoins and a phone number to receive the code to verify the transaction and go to a compatible ATM to withdraw money.
What do you think?
How do you send money to other countries?
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