How can I use digital currencies to send money internationally with Remitly?

3 answers

• Supritha SMar 29, 2023 · 2 years ago
  Sure! Using digital currencies to send money internationally with Remitly is a simple and efficient process. First, you need to create an account with Remitly and complete the necessary verification process. Once your account is set up, you can deposit your digital currencies into your Remitly wallet. Remitly will then convert your digital currencies into the desired fiat currency at the current exchange rate. Finally, you can choose the recipient and provide their bank account details or select a cash pickup location. Remitly will handle the transfer and the recipient will receive the funds in their local currency. It's important to note that the availability of digital currencies for international transfers may vary depending on the country and currency involved. Overall, using digital currencies with Remitly can offer faster and more cost-effective international money transfers compared to traditional methods.
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• OldOzLimnoJun 06, 2022 · 3 years ago
  Absolutely! If you're looking to send money internationally with Remitly, using digital currencies can be a great option. By leveraging digital currencies, you can bypass the traditional banking system and enjoy faster and cheaper transactions. Remitly allows you to deposit your digital currencies into their platform, which will then convert them into the desired fiat currency for the recipient. This eliminates the need for multiple intermediaries and reduces the associated fees. Additionally, digital currencies can offer greater security and privacy compared to traditional methods. However, it's important to consider the volatility of digital currencies and potential regulatory restrictions in certain countries. Overall, using digital currencies with Remitly can provide a convenient and cost-effective solution for international money transfers.
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• CryptoTotalWarFeb 26, 2025 · 4 months ago
  Definitely! With Remitly, you can use digital currencies to send money internationally in a seamless manner. Remitly has partnered with various digital currency exchanges to facilitate the conversion process. When you initiate a transfer, Remitly will provide you with a unique digital currency address where you can send your funds. Once the funds are received, Remitly will convert them into the desired fiat currency and complete the transfer to the recipient. It's important to note that Remitly may charge a small fee for the conversion and transfer. However, this fee is often lower compared to traditional remittance services. Overall, using digital currencies with Remitly can offer a convenient and cost-effective way to send money internationally.
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