It’s telling that the amount is always specified in dollars, because that’s the stuff that actually people want and use. And if you wanted to convert it to usable dollars, it would cost thousands of times more.
Again, and I hate to keep repeating myself, but this is not true and just shows that people are not doing their research and/or they're stuck in 2016.
Strike (https://global.strike.me) has built a product in which they use Bitcoin and the Lightning Network to send money (fiat currency like USD, EUR, etc.) around the world instantaneously and at virtually no cost. In some cases, they are able to offer exchange rates that are better than the inter-bank FX rate.
This must be the 4th time ive seen this app linked here and every time i go to use it THERE IS NO WORKING PRODUCT THAT I CAN USE. Also the hipster tone from the founder of this app makes me cringe every time because it seems very forced.
I think in the case of crypto the cost is the volatility of the coins against the dollar . So that if you wanted to do something with those 64 usd you may end up with 1 million less by the time you exchange it due to volatility and slippage.
