it's also quite useful for companies or small businesses to use in the form of accepting crypto payments, as they don't have taxes in most cases and it's stable :P
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it's also quite useful for companies or small businesses to use in the form of accepting crypto payments, as they don't have taxes in most cases and it's stable :P
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You will still have to pay taxes if you're a formal business though, like VAT depending on the country you in, stable coins are also subject to the inflation of the pegged asset so you're losing purchasing power and finally once you would still pay income tax.
for an informal market in Africa for example, yes your way would work since it would just replace physical cash in those markets
hehe there are so many businesses in Greece for example that act "informally" :p
i had forgotten about vat though!
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And I don't blame the greeks at all for doing so, Brussells and the banking system fucked them over big time, why should they pay VAT and reward people who ruined the economy
exactly, someone who acknowledges the situation!
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