Re: I recently convinced my employer to start paying me in BTC, it has been great
I live in an underdeveloped country, but I work remotely for a fairly good web development agency. We don't have a lot of financial services/wallets here, so we had to go circumvent a lot of obstacles for me the money to get to my local bank account. This whole process took a hefty fee, and time. And the worst part is the currency is absolutely shit and deteriorating (even compared to other fiat currencies),
Recently, I convinced them to start paying me in BTC. I save what I have to save, and convert the rest to fiat via P2P trading. Its so quicker and I get great deals, no more bullshit. I think this has been a great benefit of crypto for underdeveloped nations.
I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!
Recently, I convinced them to start paying me in BTC. I save what I have to save, and convert the rest to fiat via P2P trading. Its so quicker and I get great deals, no more bullshit. I think this has been a great benefit of crypto for underdeveloped nations.
I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!
Actually, value remittance through the internet for those people who neither have access to the legacy banking system, nor access to online payments, is one of Bitcoin's greatest use cases. The legacy systems have control over your financial future because they could decide to censor us the plebs, OR decide not their services in some regions. But Bitcoin takes you out of that control. Great job, OP. The next step of your journey is to find people to trade person-to-person from Bitcoin to fiat. Great job!
Yup this is absolutely true, the online payment system and banking is so limited here. I think people living in underdeveloped nations like me can start using BTC with palpable use cases already. I am certainly doing it.