I honestly don't care about HODLING crypto (more power to all of you though).
I was forced into it because I was losing so much money from traditional banking.
Background: I get most of my income from marketing clients abroad (I manage digital ad campaigns). Paypal/Swift used be the default method to get paid because it was ubiquitous and honestly quite easy to use for clients.
But Paypal charged me A LOT.
- They take a cut from each payment I get from each client
- Then they take another cut to convert those funds (ie. USD, AUD) into my local currency
- Finally they charge me to transfer funds to my bank account
- There's no interest or staking on any funds I leave and don't transfer to a local account
This happens to each client and for each payment. All these fees and extra charges each month easily add up to $150-$300.
For context, this is how much $300 is worth in my country:
- I can get 6 weeks' worth of groceries for my 5-person household
- It's almost 50% higher than our minimum wage
- It's equal to more than half what a young professional earns each month in their 1st job
- I can eat 98 Big Macs
Now, I get paid in crypto (not all, but a big chunk). It's mostly XRP because it's easy to withdraw here and the fees are next to nothing.
I basically get a bonus paycheck every month and I love it.
I now have less stress because of strict budgets for groceries, can buy actual good quality stuff, and have a bit extra to get a few small gifts every now and then for the people I care about.
But it also makes me sad because there are literal millions of people like me who rely on payments or remittances from abroad to survive.
$300 might be small time for folks in the US, but it's life changing for us.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments