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The original was posted on /r/nanocurrency by /u/Edipya on 2024-03-03 20:58:29.

Hey folks, a friend asked me a few days ago what would be the cheapest way to send some money from Turkey to her sister in Germany, and I got thinking about how perfect Nano would be for this purpose.

Started researching a bit on this subreddit and it seems like there have been some ideas, not only for nano, to be used in international wire transfers. Obviously you can already do that today, by opening Nano Wallets on both sides and finding a vendor ready to exchange your nano to fiat, but still…there’s no user-friendly solution yet.

The market for international transfers is huge, and I read the nano team was in negotiations a few years back, so my question is what’s holding us back from creating a system for that?

I would think it’s pretty highly regulated, and then also there are the risks of nano being a volatile currency like all cryptos, but with the nature of money transfer being instantaneous, don’t really think this would pose a risk, no?

Anyone got any insights into this? Much appreciated!