Post
Topic
Board Trading Discussion
Re: Using Crypto at a Non Profit?
by
Malsetid
on 01/04/2019, 07:43:39 UTC
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!

Hhmm sounds a bit shady but to answer in general terms, as with most of the answers you got, bitcoin would be the most efficient coins for the moment. Probably ethereum as well but if you're going to have it converted in the receiver's location, i think it' easier if it's btc. And converting btc to cash won't require you to go to a bank lol. Your wallets would do that for you and banks would only be another option depending on what wallet you're using to receive the amount.