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Something about this story is fishy. If he could put his money into bitcoin, I'm assuming he needed to digitize his wealth somehow. At that point, why not just
by sombremesa 6y ago
Something about this story is fishy. If he could put his money into bitcoin, I'm assuming he needed to digitize his wealth somehow. At that point, why not just do Paypal or ACH?
- spottybanana 6y agoPaypal is not really in that many countries... And I think ACH is US only? Also BTC is exchanged to physical cash since the early days. Nowadays BTC ATM count is in the thousands: https://coinatmradar.com/charts/growth/ https://coinatmradar.com/charts/growth/
- TedDoesntTalk 6y agoYes, ACH is US-only. Other countries have similar systems but they are on-record and the banking system can withhold or deny transfers... or even tax them on behalf of your government.
- deleted 6y ago[deleted]
- adwww 6y agoUS or international banking sanctions on the Russian controlled part of Ukraine might make that impossible.
- martinko 6y agoServices such as localbitcoins, where you can buy btc in person are available basically everywhere.