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So you can use it to conduct illegal cross border money transfers... of course most cryptos aren't anonymous and even those are you still need to transfer it to
by unusualmonkey 2y ago
So you can use it to conduct illegal cross border money transfers... of course most cryptos aren't anonymous and even those are you still need to transfer it to a local currency etc. for that functionality to be useful.
- csomar 2y ago> So you can use it to conduct illegal cross border money transfers That's exactly the use of crypto. Illegal being based on a random law by a random government in a random country.
- behringer 2y agoMaking it illegal to bring money across borders is the crime.
- ozgrakkurt 2y agoGetting payment is crypto is excellent if you live in a third world country like me. And a lot of services are enabling crypto payments so illegal stuff isn’t really all of it. One example is grab app which is huge in asian market. Getting payment and transferring to local currency takes about 20 mins included manual clicks for me. Comparing this to bank system which takes a week and has at least 30x cost, it is obviously a huge improvement.
- jen729w 2y agoOP for this bit of thread here; can confirm that as an Aussie who recently visited Malaysia, getting cash on to Grab was a proper pain in the ass. Had I been able to transfer Eth, which I didn’t see as an option last August, I would have been delighted with such a choice.