Updates on going Bankless

A few months back I began the process of putting my business and employment pay into a Bankless system. First problem - trying to explain to your workplace to pay you in either PayPal transfers or cryptocurrency. Neither went down well. Second one, finding a PayPal equivalent that charges less fees to use for my online business. I'm halfway through the Bitpay setup but need to have our website finished first to finish that application.

As somebody with a modest amount in investments and savings, I have found this process to be alot more difficult than originally thought. I think if you had more capital it wouldn't be as much of an issue.

The problem is that most of the more reputable companies that facilitate financial trades require your account being linked with a bank for verification. I've teased the idea of using brand new Blockchain based companies, however I don't feel in the position to be able to risk all of my money being not insured.

Some people will say using PayPal, Crypto.com and Bitpay is just the same as using a Bank, but it is definitely morally better in my opinion. Also, once security and insurance is a definite, I'll find a nice decentralised system to move over to.

The point of this update was threefold.

1. To tell people who want to do similar things that there are ALOT of boring hurdles to jump over, and it will probably cost you more in fees. But it feels better inside and to me is worth it. (I fucking despise my old Bank).

2. I'm on the way to work on a Saturday and for SOME reason thought about this Sub.

3. Cakeday Moons.

Good luck anyone who's starting a small business, working, and investing. We're in it together