>I have more hassle with credit cards than you might, specifically they are always getting flagged for fraud because I'm not where they expect. Yes, this isn't an issue if you live in the states at a permanent address.
I have lived, well more of a stayed for few months than lived for longer period of time, in various countries in EU and I only had one time paypal block my payment with credit card issued in Bosnia. That was when I installed new OS(W8), different browser(trying out FF) and different country(Italy) - it made complete sense to block the purchase. And that was resolved in about 15 minutes after I contacted their support.
>Not sure why you are using quotes
I was quoting the scenario you named where bitcoin has advantages. I probably shouldn't have used quotes though...
>Getting a credit card is pretty annoying and expensive in Rwanda.
I don't know about Rwanda, but in most countries (even the developing ones) you do have access to CC. I'm pretty sure that everyone who can afford PC and internet access can also afford CC.
Of course there are exceptions, but those exceptions aren't really suitable for bitcoin either because it would be more complicated than just using cash - because you need phone or PC to make (normal) transaction.
>The vast majority of people do not have bank accounts, much less credit.
So how do you buy bitcoins? In person transactions? Isn't it worth it then, for someone who makes online payments frequently, to go through annoying process of getting the CC instead of finding people who are willing to sell bitcoins? Or go to a bank and make a wire transfer or WU transfer (which is, I assume, more expensive for large quantity of transfers than paying for CC)?
I have lived, well more of a stayed for few months than lived for longer period of time, in various countries in EU and I only had one time paypal block my payment with credit card issued in Bosnia. That was when I installed new OS(W8), different browser(trying out FF) and different country(Italy) - it made complete sense to block the purchase. And that was resolved in about 15 minutes after I contacted their support.
>Not sure why you are using quotes
I was quoting the scenario you named where bitcoin has advantages. I probably shouldn't have used quotes though...
>Getting a credit card is pretty annoying and expensive in Rwanda.
I don't know about Rwanda, but in most countries (even the developing ones) you do have access to CC. I'm pretty sure that everyone who can afford PC and internet access can also afford CC.
Of course there are exceptions, but those exceptions aren't really suitable for bitcoin either because it would be more complicated than just using cash - because you need phone or PC to make (normal) transaction.
>The vast majority of people do not have bank accounts, much less credit.
So how do you buy bitcoins? In person transactions? Isn't it worth it then, for someone who makes online payments frequently, to go through annoying process of getting the CC instead of finding people who are willing to sell bitcoins? Or go to a bank and make a wire transfer or WU transfer (which is, I assume, more expensive for large quantity of transfers than paying for CC)?