30 Jan '15, 6pm
The Bootstrapper’s Guide To Bitcoin Remittances
It’s a lot harder to be the off-ramp, in most cases. It’s basic migration theory all over again: on-ramps tend to exist in countries with better banking infrastructure and deeper bitcoin liquidity, while off-ramps tend to be in countries where the bitcoin community is in its infancy. This isn’t a problem so much as a massive opportunity, and if one has the stomach for it, operating as a last-mile remittance service is where the largest growth spurts will be observed. It’s only natural. Between the two of them, the Philippines and Indonesia receive remittances from over 50 different jurisdictions. As each new inward corridor comes online, the incoming bitcoin volume spikes.