Quote:
Originally Posted by afc wimbledon
Crypto isnt in any way providing bank accounts though, it doesnt do anything to help mitten sellers in Tibet and you can send money to the Phillipines and most other third world countries for 4 or 5 cents on the dollar, you may not realise it but the third world has a vast non bank based system to move cash around, you can walk into most 5 and dimes in east Van and send money to you mum back in Mexico and buy a phone card while you're at it for a minimal fee
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This is false.
Crypto.com is actually well on their way to providing bank account services to their customers.
In some countries you can accept FIAT payment via bank transfer. They just launched this feature in the US. In Canada you can use E-Transfer, but they have said bank transfers are coming as well.
This means you could ask your employer to simply wire your payment into your Crypto.com account. They are fully insured and regulated just like something like KOHO or STACK.
You can use those FIAT funds to load the Crypto.com card for everyday spending.
Doesn't cover everything yet, but its getting close. I know many people who don't even use their bank account anymore and just use the Crypto.com account.
Eventually they will be able to do wire transfers & e-transfers like KOHO can.