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Still cashing out without a bank account is quite challenging. If we keep hodling and Bitcoin does not become a true mean of exchange, they win anyway. If BTC stays just store of value we fail, exactly for this reason. Imagine buying stuff today with Bitcoin only in a country with no or low adoption. Almost impossible. Services like Bitrefill may help but are still centralized. P2P exchange in person? not easy when all the eyes are on you and everybody helping you risks fines and jail. Lightning adoption? Still not enough… We probably need to orange pill more businesses to accept BTC payments. Saying BTC is the solution is too simple, we are not there yet. Cashing out without a bank account is still too fragile today.
2025-09-10 11:18:50 from 1 relay(s) ↑ Parent 1 replies ↓
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You'd be surprised how practically possible it is to live without bank accounts in certain parts of Latin America (and not only), if you're pragmatic about it. Bitrefill, debit cards you can charge, tons of exchange places that accept both bitcoin and (much much more) usdt, and most important of all: countries where cash transactions remain the norm. A huge reason it seems so bad in much of Europe is because cash is slowly being softbanned.
2025-09-10 11:49:05 from 1 relay(s) ↑ Parent 2 replies ↓ Reply