> The short answer is that Bitcoin works and TransferWise and PayPal don't.
The comment you link to say that you cannot get money out of Argentina (due to capital controls).
Fair enough, but in the comment I replied to, you said that you were living in Argentina, and got paid in bitcoin.
Am I to infer that you want to get your salary out of Argentina? And those who pay you are within Argentina?
Otherwise, I do not see the problem.
If you are paid by someone outside Argentina, they can deposit the money (as USD or whatever) into your PayPal or Wise account, and you can send them to whoever you want, get a debit card associated with the account, and spend/withdraw within Argentina (without needing a local bank account).
I do understand that bitcoin is a means to get money out of a country with capital controls, but normally money flows into these countries, as has been mentioned earlier, 20% of El Salvador’s BNP is remittance, i.e. people are sending money into the country.
>> Bitcoin does not solve the “cash to people without a bank account”.> This is not correct. It does
Bitcoin itself does not solve it. But I assume that you have found people in Argentina, who are willing to pay you cash for bitcoins?
I wonder if people are willing to buy your bitcoins (with cash) because they see it as an investment, or because they need to transfer their cash out of Argentina and cannot go through the regular system (due to capital controls).
> Fair enough, but in the comment I replied to, you said that you were living in Argentina, and got paid in bitcoin.
Right, two separate problems. The reason I think I can't use TransferWise to get paid is that I don't have access to a bank account. Maybe it's possible to open a TransferWise account without a bank account or credit card? Maybe someone in Argentina with a bank account could get paid that way, although they'd never know if their next paycheck was going to arrive or get cut off by a regulatory change.
Actually it looks like this has already happened. https://pirlutravel.com/transferwise/ says TransferWise doesn't work with Argentine bank accounts since January 02020. "Lo único que sigue funcionando por ahora para enviar y recibir dinero afuera es Western Union, AirTM y algunas plataformas de criptomoneda." Maybe this AirTM thing is something I should try.
> Bitcoin itself does not solve it. But I assume that you have found people in Argentina, who are willing to pay you cash for bitcoins?
Oh, sorry! I didn't realize you intended to exclude Bitcoin when you said "cash". Yes, there are people here in Argentina who will buy Bitcoin for dollars or pesos. Many of them are Venezuelan, so presumably a lot of those Bitcoins go to Venezuela next.
The comment you link to say that you cannot get money out of Argentina (due to capital controls).
Fair enough, but in the comment I replied to, you said that you were living in Argentina, and got paid in bitcoin.
Am I to infer that you want to get your salary out of Argentina? And those who pay you are within Argentina?
Otherwise, I do not see the problem.
If you are paid by someone outside Argentina, they can deposit the money (as USD or whatever) into your PayPal or Wise account, and you can send them to whoever you want, get a debit card associated with the account, and spend/withdraw within Argentina (without needing a local bank account).
I do understand that bitcoin is a means to get money out of a country with capital controls, but normally money flows into these countries, as has been mentioned earlier, 20% of El Salvador’s BNP is remittance, i.e. people are sending money into the country.
>> Bitcoin does not solve the “cash to people without a bank account”. > This is not correct. It does
Bitcoin itself does not solve it. But I assume that you have found people in Argentina, who are willing to pay you cash for bitcoins?
I wonder if people are willing to buy your bitcoins (with cash) because they see it as an investment, or because they need to transfer their cash out of Argentina and cannot go through the regular system (due to capital controls).