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by cinquemb
1774 days ago
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I've been living abroad for almost six years, I've been working remotely, and for the visa I've needed for where I've wanted to be I do not need a local bank account (I can renew every year or every two years which is the most they allow for foreigners anyways). I don't use credit cards and never had. When I need fiat, I swap with "friends" locally who want crypto or who do have accounts (they "shill" crypto brokerages on television stations shows [and their ads on other show slots] in the country i'm in and there are more local users of crypto than people who actually have regular brokerage accounts to trade local stocks in the country). And there are local websites where I can actually pay for bills with crypto but I see no real need to when its relatively easy for me to get cash (cash top ups for alot of apps that can be used to pay for lots of things from bills, goods/services and food). Any brokerage accounts I've had (IB and robinhood), I've long drained the funds/liquidated assets and these days I'm really only exposed to what I can trade on a dex. Other foreigners I've talked usually jump through some hoops to have a local "agent" to set up accounts for them that they have control over, but i cannot be bothered. Less exposure to bailoutistan, the better. To use crypto, you need to find someone else who will swap for it, and over the past 10 years, that has increased enough for me to be ok with the work arounds. May not be ok for the way you want to live your life, but it works for me. One day i'll be "stateless", but a lot more work to happen on that front with many others for that to come into fruition… ;) |
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