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This has been happening for many years. There is a lot of commerce in Lebanon and Argentina conducted in crypto, usually USDT or USDC (dollar-backed stablecoins
by monero-xmr 3y ago
This has been happening for many years. There is a lot of commerce in Lebanon and Argentina conducted in crypto, usually USDT or USDC (dollar-backed stablecoins).
At this point to argue crypto has no utility with a straight face is just being willfully blind.
- aforwardslash 3y ago"commerce". There is a reason why its performed in cryptocurrencies
- antoniuschan99 3y agoHow does that work? It seems to make a lot of sense in Lebanon as they were freezing or only allowing $150 a month withdrawals. Do people really self custody their funds? When they need local currency they just go to the bitcoin atm’s to withdraw? Also fees would be somewhat high so do they use something Monero?