• 4 Posts
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Joined 2 years ago
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Cake day: September 26th, 2022

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  • Since all the comments are reflexively negative cuz crypto is filled with scams and nonsense with no need I’ll explain why this is actually useful in some scenarios i and friends had experiences with.

    Trans artists can now accept commission payments without revealing their deadname. (Before this my friend had to rely on actual crypto like bitcoin which had high fees, and if they didn’t immediately transfer out to their bank it wasnt a stable price)

    Friends who are no longer a citizen of a country (escaping russia due to death threats and lgbt status), or are seeking asylum (due to ukraine being invaded, south american coups by the US making their country unsafe), can now accept a stable currency thats not super shady and backed by a company with a professional reputation (friend had a company hire them to teach painting online and the company learned how to use the shady coin Tether to pay them because there is no way they can open a bank account for now. They accept crypto and then trade it locally for pesos/dollars)

    Accept donations from any country without revealing your full name. Paypal is one of the few services that is accepted worldwide and this stablecoin makes it even easier for south americans to receive donations safely without making their full name publicly available to trolls/harassers.