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9 sats \ 6 replies \ @Satosora 5 Jul 2024 \ on: 18 months ago nobody took sats in Vancouver. Now there are recommendations bitcoin
Bitcoin is getting adopted.
I wonder if it has anything to do with how the chinese are trying to get their own money out?
There are indeed a few persian and chinese money changers in the city that will cheaply swap Bitcoin to cash. I do suspect most of their volume is in tether though
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I see.
They are using tether to get their ill gotten gains out of china?
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Hard to tell. Maybe they're sending money back to their families, too?
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I thought it was supposed to be hard to move money out of china.
Not impossible, but strongly discouraged.
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And sometimes it's hard to move money into China. There are many ways though, Tether is relatively popular but so are insurance schemes and shadow banks
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What are insurance schemes and shadow banks?
I always heard it is easy to move money into china, just hard to move it out.
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