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Cryptochallenge - Hit me with your best shot

rmac

Published: 13 Jul 2017 › Updated: 13 Jul 2017Cryptochallenge - Hit me with your best shot

Cryptochallenge - Hit me with your best shot

I'll send 5 SBD to whoever can give a better, successful solution.

13914013_1568969276744502_6442199096745728960_o (5).jpg

I ran a fundraiser in Canada for a school in Ghana, now looking for the best way to send the $3k in funds we raised.

As much as I enjoy the "to the moon" chatter, would be great to see a case study first-hand of how the remittance industry could be disrupted by faster international transactions & cheaper fees.

Apart from speed and cost, there's the issue of ease of setting up a wallet and daily volatility of cryptocurrencies. The recipient at the school has a smartphone with data via MTN (www.mtn.com.gh). I've looked at a lot of options (screenshots below), including a wire through my bank ($30) and MTN ($196).

TD wire transfer fees.png

Screen Shot 2017-07-13 at 2.43.35 PM.png

Also looked at Stellar Lumens, with their beta Sikaapp specifically for Ghana, but seems like it's not there yet / got picked up by paypal

https://www.stellar.org/
http://www.sika.io/

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