In the case of Argentina, and similarly for my country, access to USD is fraught and often involves off-market transactions.

▲

bloggie 6 days ago | parent [-]

So transactions are difficult because they are illegal, and blockchain helps to facilitate crime?

Are there other uses? Surely a large and legitimate operation like Stripe and the companies they mention in the blog post would have found additional use cases?

▲

jdminhbg 6 days ago | parent | next [-]

> Surely a large and legitimate operation like Stripe and the companies they mention in the blog post would have found additional use cases?

You are literally in a thread whose top post is the Stripe founder describing use cases.

▲

bloggie 5 days ago | parent [-]

I don't think he does...? He says companies have found utility but doesn't say what that utility is.

	▲	jdminhbg 5 days ago \| parent [-]
		The sentences that follow “found utility” say what that utility is: > For example, Bridge (a stablecoin orchestration platform that Stripe acquired) is used by SpaceX for managing money in long-tail markets. Another big customer, DolarApp, is providing banking services to customers in Latin America.

▲

Izikiel43 6 days ago | parent | prev [-]

> So transactions are difficult because they are illegal, and blockchain helps to facilitate crime?

Let's say I make drinking water illegal, would you still do it? Sure you would, you need it to live, laws be damned.

In Argentina it was a similar situation, financially speaking, but with USD, as Argentina had like 1000% accumulated inflation since 2019, so basically the ARS melted in your hands, and the USD/Euros/crypto where your only safe havens.

So yes, the government made the transactions illegal, but the alternative was becoming poor (we ended up the previous government with around 55% poverty).

▲

bloggie 5 days ago | parent [-]

I'm certainly not going to moralize against breaking the law, just curious why an American company would (apparently) build a business off of facilitating it.

	▲	dragonwriter 5 days ago \| parent \| next [-]
		American companies of all sizes do that a lot; its profitable, and even if it is eventually punished, the punishment is almost never sufficient to deter pursuing the profits.
	▲	Izikiel43 5 days ago \| parent \| prev [-]
		They aren’t breaking any American laws