How do I obtain the BTC? Where do I get them from? What sort of AML/KYC do I have to go through to use the service that sells me BTC? Does my USA bank allow me to use this service? Does the service allow me to easily transfer BTC from the service to my own wallet? How much does the service charge to convert dollars into BTC?
EDIT: No one here is mentioning anything that anyone who has been involved with BTC for a while does not know. The key to having BTC replace WU for remittances is that it be cheaper, as easy or easier and safe.
Face-to-face purchasing of BTC is not easier or safer than WU.
Buying BTC from Gemini using your bank account and transferring out of Gemini is probably better than using WU in all ways, as long as banks and Gemini allow this. I am not convinced that this will continue in the future.
One important thought: Even if buying BTC face-to-face is less safe for the buyer, the receiver, being a little old lady, now is much safer because she never has to deal with cash and this might be a powerful incentive for an El Salvadorean in the USA to remit BTC no matter how inconvenient it is for him, because the risk is put on his shoulders rather than those of his mother or grandmother.
I sure would like to hear stories of LOLs starting to use BTC in ES. I remain unconvinced that this is occurring yet.
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