Your people are dodging tax, probably because no one has got around to regulating crypto in their jurisdiction yet. Not that I blame them.
In other places where it's regulated and you get taxed anyway, there's no point in losing money on exchanges.
> Your people are dodging tax
I said I'm using USDC. That makes 0 sense.
No, the reason we're using crypto is because the transaction fees are literally 0 and it's instant.
PayPal takes super high transfer fees. Wise is a cheaper alternative but it's still much more expensive than crypto.
> there's no point in losing money on exchanges.
Once again, I'm using USDC
It's a stable coin tethered to the US dollar.
It's really strange how HN users are so confident on things they know nothing about.