https://threadreaderapp.com/thread/1922004098192494598.html?utm_source=tldrcrypto
@tikhbana
May 12 • 1 tweets • 1 min read •
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*** begin quote ***
had a call with a freelancer in tripoli, libya last week
he found us by asking perplexity:
“how do i send an invoice where my client pays by card and i receive crypto?”
we got on a call. he said he uses stablecoins because shops in libya will swap them for cash at a better rate than USD. but his client don’t want to pay in stables, but he wants to receive it. so he needed a way to bridge that.
then he said:
“getting paid in stablecoins is like your client handing you cash, instantly, across a border.”
*** end quote ***
here’s an interesting factoid about the U$D and stable coins. in libya, stable coins get a better exchange rate than the U$D?
Very interesting to me. A use case for stable coins in international trade?
So if you’re going overseas or on an international cruise, then carrying some stable coins makes sense.
How will the various Gooferments enforce “money laundering” or “capital controls” when there’s nothing to show that value or wealth is crossing the boundary?
The use case for ₿ (bitcoin) of that Ukrainian crossing into Poland (I think that was the fact) with the clothes he had on and his memorized 24 words.
Demonstrates the freedom of ₿ and crypto in general.
YMMV
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Reinke Faces Life 