XLM HOLDERS: Western Union And MoneyGram Take A Cut Every Time Your Family Sends Money HOME!?

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The video discusses the costs and reliability of various money transfer services, comparing traditional methods with cryptocurrency-based solutions. It highlights that while stablecoins like USDC can offer lower fees for international transfers, the actual cost of sending money can still be impacted by exchange rates and hidden fees, with traditional services often having markups. The analysis suggests that while some stablecoin transfers can be cheaper, their reliability and the actual amount received can vary significantly, with some reports indicating that they cannot consistently beat traditional payment methods in terms of cost-effectiveness when all factors are considered. Stellar (XLM) is presented as a network that facilitates these transactions with very low network fees, which can be as low as 1%. However, the video cautions against assuming that the growth of such networks automatically translates to price appreciation for the native token, citing historical underperformance of XLM compared to Bitcoin. It also points out that major financial institutions like MoneyGram and Western Union are exploring and integrating stablecoin technology, but often on specific networks like Solana or utilizing their own digital dollars, indicating a cautious and selective approach to adopting blockchain solutions. The overall sentiment suggests that while the technology offers potential cost savings, the traditional financial system still holds sway due to established infrastructure and varying reliability of crypto-based services. The video also touches upon the historical context of these partnerships and the long-term involvement of companies like MoneyGram in the digital asset space.

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