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Ishika
@ishika
Two of my friends in India wanted to buy Apple devices. I purchased the devices for them here in the States. They repaid me using USDC on @base Funds arrived instantly. I was easily able to pay off the credit card bill for it immediately. This completely eliminated the previous logistical nightmare of waiting of dealing with rupee transfers, 3-5 day waits, and 8% fees. Sending money worldwide is now seamless, fast, and cheap. It's not just hype - crypto is changing how we handle international transactions. Its so based.
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Zinger ↑ is job hunting
@zinger
How were you able to pay off the credit card bill immediately? Didn’t you still have to wait a few days to cash out the USDC to your checking account and then pay off your cc? (This is still cool, just wasn’t sure if there’s a faster method that I’m not aware of)
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Ishika
@ishika
I was using Juno which allowed for seamless instant deposit off-ramp they were covering the fee costs. But I guess now I would prob resort to Coinbase so yea would now have to way 3-5 days but at least I have ownership of the funds beforehand and there’s financial security backing it instead of always being in the grey area of no funds and waiting for the transaction to happen.
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Zinger ↑ is job hunting
@zinger
Interesting, I’ll have to check out Juno I don’t think Coinbase is any better than traditional transfer methods tbh, still waiting just as long (if not longer) to off-ramp, really no better than Venmo at this point
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Zinger ↑ is job hunting
@zinger
(I do think that sending USDC in this case was a big improvement for international transfers! The off-ramping experience just needs work still for the funds to then be useful)
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