@katrinakatrinka @digyoursoul @molly0xfff OFC, it has all the drawbacks of "self-custody cash, but digital"...

• But there are also "#ColdWallets" aka. "#PaperWallets" to mitigate some risks.

I just see #Monero as a better alternstive to an #AMEX, #VISA, #MasterCard or #PayPal!

And unlike Other #Cryptocurrencies it's free of #SmartContracts and #NFTs so not on the perpetual tire fire that is @web3isgreat ...

• Not gonna claim it's better than #Euro banknotes, but unless you have a bank account in #SEPA where you can use #wero, it's the fastest way to do #CashlessPayments remotely/online...

@bojkotiMalbona @energisch_ @mina @Nickiquote If it was my decision, #Germany would not have signed up on #FATCA bs.

• Sadly I'm not in position to #RepealFATCA and restore #privacy as well as outlaw #discrimination.

That being said I've not found any #Bank in Germany that rejects #US #citizens (as basically everyone who is a resident regardless of legal status (i.e. seeking asylum, on tourist visa, permanent resident) or even legal address (i.e. even homeless people can get a bank account) as clients per-se since #Banking is regulated as a #utility and every #ConsumerBank must offer "basic accounts".

• The only problem may be that almost all will #KYC their clients in person and with #cooperative-owned #CreditUnions they'll OFC demand a minimum buy-in of shares (usually around €50-100).

Granted a #BankAccount in Germany is kinda essential and without it one can neither get paid (all employers will wire money using #SEPA, paying wages in #cash isn't even legal in most cases) nor can one make rent, pay utilities and insurance bills (even the most slimy landlords don't want cash!)...

• Same goes for #CashlessPayments: #girocard is the standard supported by every #BankingCard, as #CreditCards are virtually nonexistant (outside of very rich peoples' pockets and business peoples' / freelancers' wallets) due to high fees and banks being extremely stingy to even approve a credit card that isn't a #prepaid one at all...

@carnage4life Considering #Tether is a centralized setup with literal #SmartContract that give the company behind it the option to ban/freeze and empty #wallets to "comply with #sanctions" it merely undercuts shitty #MoneyRemittance services like #WesternUnion that charge absurdly high fees.

• Personally, I bet #Monero will long-term become the global standard for #MoneyTransfer and #CashlessPayments!

But don't take my word on it cuz this is #NotFinancialAdvice...