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by exdsq 1570 days ago
Can you use a stablecoin like USDC?
1 comments

Yes, that's what we ended up with. It required a lot of hassle on the side of the sender because it wasn't clear what tax and liability risks this involves for a US company to send a crypto payment. But it worked and I really appreciate they were willing to help me. Not sure if a lot of companies are willing to go great lengths to get their Russian employees paid in this situation...

Also, got bless crypto currencies! It would be not that easy to shut down P2P withdrawals until the internet is working at all. I have to admit, I was a big crypto sceptic right until the moment it became the only way to get paid. Now I'm a believer!

I had a similar moment :) If you have a good on/off-ramp it's quicker, cheaper, and just as easy for international payments that go through different banking systems. I wish all the hype around speculative trading of NFTs and 'Web3' would die for a while so we can finish building the actually awesome parts like financial accessibility.