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International money transfers? I've been scalped by moneychangers before. Next time I need to pass money to a friend overseas I'd prefer to use crypto. There a
by roenxi 3y ago
International money transfers? I've been scalped by moneychangers before. Next time I need to pass money to a friend overseas I'd prefer to use crypto.
There are a lot of weird peculiarities of the international monetary system (things like the weird not-capital-controls that US citizens operate under where nobody will give them a bank account or whatever) that crypto just bulldozes through and I don't have to worry about when sending someone in a foreign country money.
- martin8412 3y agoMany banks won't give accounts to US citizens because that means giving the US government access. US citizens are subject to worldwide taxation regardless of residence. Much easier just not to have US customers.