Is there an app/service that allows people to send me USD & i receive crypto
Is there an app/service that allows people to send me USD & i receive crypto
Just for context, I only know a bit about crypto. I used to have a small wallet back in the early days & im familiar with the theory of it and just want to get some advice.
So I run a small business that provides business services to call girls & OF content creators. Basic stuff, book keeping, PA work, “engagement” analysis, websites, etc.
Thing is despite what I do being completely legal in my country, most reputable bank’s have an policy against working with that kind of industry. This makes it very difficult to carry out my business, pay my taxes & pay myself a salary.
is there some kind of company or App, that allows my clients to pay me USD but on my end, i receive crypto. Like how a debit/credit card will automatically convert currency when you make a transaction abroad.
There was sendwyre, and now there is not
USD payments (except for cash currency) are reversible. Cryptocurrency payments are equivalent to cash currency, not reversible. The middleman you’re asking for is a fraud magnet – the USD sender reverses his transaction, the crypto recipient keeps his crypto
Crypto works without middlemen, where it is adopted by both parties. If your clients adopt crypto, you can receive crypto
Cash currency can be used to send Bitcoin if the sender inserts cash banknotes into a Bitcoin ATM. This works well, until it doesn’t. It’s always better for the sender to buy the crypto into her own wallet, then send from her wallet to your wallet. The ATMs also have high fees, usually around 15%, sometimes as high as 26%