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I just tried to open a bank account on a foreign country and realized how good we have it in Ethereum

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I'm in a new country, trying to open a bank account so I can buy some assets and live here. Let me tell ya, it was quite a challenge:

  • They asked me for the official local document, which takes months and thousands of dollars to get
  • Then they asked me to proof the source of my income with extensive receipts so they can be sure I'm not a financial terrorist (I'm not)
  • Then they put some strict limits to only use at most 1000 dollars a month until they get comfortable with me, who knows when they raise those limits
  • Any time I make a significant transfer of 5k or more they give me a call and question me as if I don't know what I'm doing with my own money, treating me like a grown baby

Compare that to Ethereum where all I gotta do is get a wallet with Ether inside and I can use it without anyone questioning me and treating me as a dangerous individual.

It's night and day. You can never go back to the traditional financial systems after you experience crypto, they are constantly watching you and reporting you to 3 letter agencies for any bit of suspicious activity in your own bank account. Plus it's extremely easy to get your bank account banned, ask the millions of revolut users that didn't get their money back.

Let's appreciate how good we have it and continue to make it more accessible for people to convert their crypto to fiat for local use and viceversa.

submitted by /u/BackgroundAttempt718
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