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21 sats \ 1 reply \ @spiderman OP 29 Sep \ parent \ on: Anyone Else Feels Bitrefill is Overpriced? bitcoin
Thanks for the clarification, so it seems the markup stems from the relative lack of liquidity in the FX rate, not BTC market itself.
Surprising in the case of HKD though, as I thought they maintain a tight peg of 7.8 and USD is considered almost local in Hong Kong to the extent many shops and banks happily take it for sizeable transactions.
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0 sats \ 0 replies \ @leo 29 Sep
I don't think it's liquidity, both SGD and HKD are freely convertible and easy to swap. Also, why would they have different exchange rates for different SGD products? It seems they are hiding costs in the exchange rates
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