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by Andrew_nenakhov 1593 days ago
Sending money to people when banks refuse to provide the service.

A few years ago I had a client in Indonesia, who couldn't pay me via banks, because Indonesia banks just said 'no' to transfers to Russia, and Paypal/WesterUnion fees were exorbitant. We tried bitcoin and were blown away: the whole operation (buying btc for Indonesian currency, sending it, selling it for Russian currency) transaction did cost far less than just converting USD to RUB in a bank.

One acquaintance of mine lives in Turkey and Turkish banks refuse to open an account for him. So he receives his payments via Bitcoin and converts them to local cash currency via a local trader.

Also, Bitcoin is the last available way to fund anti-Putin opposition in Russia, our authoritarian government has blocked all other ways to do it.