Hacker News new | ask | show | jobs
by authed 1652 days ago
It is being used to transfer money in other countries to avoid the fiat shit show.
3 comments

I will admit this is useful, although the fluctuations is a PITA and if you can do GUSD it is better. I've done this to pay contractors in Brazil and other places with high banking fees.
>avoid the fiat shit show

it has its shitshow of its own - see $actual_crypto_exchange_busted

“the fiat shit show” - aka taxes and other laws.
I was talking about artificial delays, high fees and things like that... You can have very low fees and near instant transfers with some Cryptos.