Hey there. I work at a non profit and we help people throughout the world who are discriminated against, oppressed, and even killed for their ideals and beliefs. We have bases throughout the world and we transfer money to each of these bases. However, with governments/private banks being corrupt in these countries, sometimes these transfers are ceased.
We would like to utilize crypto currency to solve our problem. Do you have any ideas on the below question?
1.) What would be the best currency to use for international transfers from the US to places like India, North Korea, the Middle East.
2.) How could the recipients turn their crypto into cash without going through a bank? For example, if we sent 10,000 worth of Rupee to India via crypto, how would the end user convert this into Rupee in their country?
Thanks for any and all help!
Hi I am from India and I have converted my crypto rewards in INR many times. I even filed by Income Tax return showing my income from Bitcoin so its not illegal at all. Yes Indian govt has not accepted Bitcoin as currency and do not encourage people to invest into it, so that exchange converting INR to Bitcoin have been stopped. There is no strict restriction here to buy or sell crypto on decentralize platform.
Funds can be sent to India as Bitcoin or Ethereum and same can be easily converted at localbitcoins or localethereum easily, as of now there is no hard restriction over it.