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by mouzogu 1718 days ago
Yes, and in most cases you need a bank account or at least a debit card to buy crypto to begin with.

I'm long crypto but i think the argument of banking the unbanked is a bit contrived, much like the store of wealth narrative in the face of regular -20% "corrections".

It should be seen as a speculative investment and not really a currency. Perhaps stablecoins can serve that market eventually.

1 comments

Quick update on this. While getting fiat into crypto is easy. I failed now for 2 weeks in a row to do the reverse. Binance should be avoided at all cost.