Just because you cannot pay IN Bitcoin doesn't mean you cannot pay WITH Bitcoin.
Discussion
You mean Bitrefill and co?
Bitcoin enabled debit card(s)
Ok I see, I don't think there is one in my country, maybe one in foreigh fiat could work but with several layer of fees, not really interested. Also it's full KYC.
There use to be a service, non-kyc, for virtual visa toped up in sats, paywithmoon or something, it was cool for online shoping, like digital games, but it was limited to US merchant and they stop the service afaik.
For me, the best would be to sell my btc p2p at premium with Peach or Robosats, and get paid on my Revolut (I share the pseudo only, no name, no phone), then I spend the fiat anywhere in any currency at almost no fee. But you need to sell in advance regularly when you know you will need.
I also have a Revolut account though they tend to sell me sats only to refuse to accept them again when I redeposit them to their platform FROM the withdrawing address. They ask for source of funds, I say "Revolut" and the deposit gets send back. Minus a small fee. Hence, I kinda stopped using that account.
I don't send sats directly to them, I sell sats against fiat on my Revolut. But there is always the risk that you get money from the wrong person and get your account flagged or blocked.
Plot twist: You always pay with Bitcoin. It doesn't matter the currency you use.
yes please but probably not in my lifetime 😉
In this sense, I pay for everything with Bitcoin. I just have to use USD as an intermediary sometimes. A USD balance can be marked every second to it's value in Sats, and any transfer can be accounted for in BTC terms. But because I don't like the volatility of a floating exchange rate, I don't hold fiat.
It's all dimensional analysis, to borrow a physics term. You never have to think in fiat on a Bitcoin standard.
Have you considered getting a couple of Bitcoin enabled debit cards? The forex is frictionless and one of my cards I even get 2-4% cash-back I can swap back into BTC.
Right now I hold Bitcoin and credit card debt. I buy once a month when I get paid. I sell once a month when I get billed.
I don't think I'll even do the gift cards anymore.
Nice! Almost the same here. I swap to Bitcoin the moment ANY fiat money hits the accounts then spend BTC (or take dirty fiat from an ATM) as needed and I don't need much. I love the fact that, over time, you're always ahead of the curve when it comes to swapping some sats back to funny money. I mean, sats from last year for example have already gained 5x the purchase power. If someone isn't a mad spender then they're pretty much set for life.
Having said that, I still don't understand how anyone who's been in Bitcoin for more than two cycles isn't ALL-IN yet.
Nice x2 😁
And with Strike and River working on dual currency banking/Bitcoin first banking, it'll become even easier to just be all in by default. I still have to jump through some hoops to do this in the meantime.
And I already wrote my own tax accounting script years ago, which made taxes really easy no matter how many times I bought or sold for USD. I just import the csv of any exchanges I used that year and it pops out the tax form attachment.
oh that's cool! though, I stopped paying taxes on my corn long time ago. When living in Spain I setup a non-resident company in Gibraltar. It costs me less than 300 GBP in administration fees per year and Gibraltar has no capital gains tax or VAT.
That's a great setup, kudos on saving your 🌽 👏