Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Avoiding all regulatory scrutiny and delays of an international wire transfer by converting them to domestic transfers in both countries is a major use of crypto that has almost no way of being quantified. International wires are fraught with painful user experiences and costs and time issues and its all unknown beforehand.

This works even better when you already have inventory of ANY crypto, or keep stablecoins on hand because you use them. then the request to pay doesn't require you to get USD over to a crypto exchange and convert, just the near instant act of transferring. When your contractor is able to get goods and services and invest in crypto, they don't need their local fiat either, just a common reality, not something to convince anybody of (unlike when we were doing this during the last decade).



That requires you to trust stablecoins, though. Not a very wise idea IMO, for any meaningful amount of money


yeah there isnt a perfect one

USDC fits my risk profile, as well as MIM

I want a better managed variant of MIM




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: