The question for me is, increasingly, do I want to hold fiat in the bank, even for a month? And when, how much?
Discussion
I've set myself this arbitrary challenge to be out of "checking account money" within a week of his income dropping. 😂 It's become like a game for me.
Just one week throughput to bills, transfers, purchases, and cash outs.
I could handle high inflation within a week.
I like this. Only catch is, this makes the need for KYC solutions like strike more likely (if convenience is a topic for you which it is for me) because with reduced fiat liquidity one requires more on-ramp/off-ramp liquidity. This one is bugging me a lot recently
I just use 💶 and my VISA that autodeducts monthly, four days after payday. Then I only need a couple hundred in my account.
I've been moving monthly payments from PayPal and SEPA to VISA and then it's one predictable lump sum every month.