If you send money to a friend, they receive immediately. | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		gasull on May 28, 2014 \| parent \| context \| favorite \| on: Introducing QuickCoin: Bitcoin Made Simple If you send money to a friend, they receive immediately.

KrisAndrew on May 28, 2014 [–]

They receive the bitcoins immediately* (in 10 minutes, after it's confirmed by the network), which the IRS considers property. If they want money they have to convert the bitcoins to local currency and wait for a payout to their/a bank account.

gasull on May 28, 2014 | [–]

I was thinking more of sending money overseas. Remittances.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact