People who live in developing countries and who don't have a bank account are certainly not the major part of the ones who need to sell 1 or 2 BTC at a time in a rush. Besides, things have changed a lot in the last decade, you don't need to transfer USD from an USD to an USD account, you can simply pay a guy from your currency to his national currency the same way, automatic fx exchange is the norm now.[/quote]~

I didn't said people don't have bank account. I said people don't have a USD/EUR bank account.

We basic live in another world. This technology of exchanging fiat currencies didn't reach Brazil's banking system.

I know many rich people here, millionaires, who don't have a bank account which can receive USD. Regulations are strict here, more than you can imagine.

I have a bank account that can receive USD/EUR, but it was not easy to create it, and it is far from commmon. Some older people even think that it is illegal (even thought it is not).

It is common to see online banks in US and Europe which accepts all passports but from brazil argetina, ethiopian, uganda, etc...


We can have a bank account in our fiat currency. That is easy to have.

But you can't transfer BRL, can you? I don't think you can even buy it in your bank. Try later