Kayne on Nostr: Bitcoin is too volatile for people in Gaza to use. but crypto has been really ...
Bitcoin is too volatile for people in Gaza to use.
but crypto has been really important for people especially those without family outside of Gaza(western union changed their policy so only family members can send money) and PayPal doesn't let people in Gaza make their own accounts so they need outside help.
I send USDT(stablecoin backed by US$ and Chinese ¥ to my friend in Gaza for basic necessities, Bitcoin is a lot more difficult to use as a currency because the unstable fluctuations in value.
but crypto has been really important for people especially those without family outside of Gaza(western union changed their policy so only family members can send money) and PayPal doesn't let people in Gaza make their own accounts so they need outside help.
I send USDT(stablecoin backed by US$ and Chinese ¥ to my friend in Gaza for basic necessities, Bitcoin is a lot more difficult to use as a currency because the unstable fluctuations in value.