Stablecoins = Savings (increasingly).

[Jenkins9039]

With it increasingly being difficult to retain a bank account in the West whilst residing in Thailand (or similar), an increasing amount of people hold their overseas savings/wealth in stablecoins or similar digital representation (non speculative).

 

Stablecoins being the equivalent (though riskier) than holding funds in a bank, but bearer based (like cash), one could/would argue, a $ based stablecoin or Euro, pound etc is no different to their overseas bank account which if they bring funds from, into Thailand would be tax free *its savings*.

 

Yet if you use an exchange theres fees, and possibly tax because of the way Thailand treats such.

 

Is there a form of a collective P2P network? - If so there should be.

[proton]

No thanks, backed by nothing not regulated and no guarantee you wont lose the lot 

[malathione]

As a small percentage of your diversified holdings, fine. Why not get an offshore bank account in Singapore? Citibank is a tad onerous; OCBC is both easier and has lower balance requirements.

As for your question, there used to exist a P2P marketplace, localbitcoins, but they are no longer in business. There might be substitutes.

[bignok]

Btc and eth are the 2 safest.

[advancebooking]

Buy BTC and ethereum. Stick it on a trezor or ledger wallet. End of story. Safe as houses. 

[FruitPudding]

1 hour ago, advancebooking said:

Buy BTC and ethereum. Stick it on a trezor or ledger wallet. End of story. Safe as houses. 

Till you forget your keys.

[luckyblock token]

On 7/29/2023 at 4:26 PM, proton said:

No thanks, backed by nothing not regulated and no guarantee you wont lose the lot 

USDT is backed by real-world assets such as fiat currency and U.S. Treasurys so that it is always one to one redeemable with the U.S. dollar. Stablecoins are used by traders to move in and out of different cryptocurrencies without the need to convert money back into fiat currencies

 

you do not have to much knowledge about Stablecoins