I have a small story and experience with my colleague from China who had trouble exchanging Chinese RMB into a local bank in Indonesia because the money had to go through a clearing process and third-party bridges before it could be deposited into a local bank account in Indonesia. This process takes a transfer process cost and fees that are quite substantial because several bridges would be involved. Meanwhile, he was being pressured by a payment deadline to his business associate in Surabaya.
In such a critical moment, he asked for help and my input to resolve this problem...My reply was brief: put your money into @Binance in the form of USDT, then do P2P trading with the destination being a local Indonesian account so he could receive funds in rupiah faster and reduce unnecessary costs š
He was surprised because this method worked and was very effective.
Then he said, āWhere did you find out about this app?ā I just smiled and thought to myself...isnāt this an app pioneered by Chinese people? Iām not even a Chinese national and Iāve known about it for a long time, how could heābeing an actual Chinese personāstill not know? šš
$BTC $BNB @Yi He @CZ @Binance Pay Official
#SouthAfricaProposesCryptoExchangeControls
#SolanaCutsTargetSlotTimeTo250ms
In such a critical moment, he asked for help and my input to resolve this problem...My reply was brief: put your money into @Binance in the form of USDT, then do P2P trading with the destination being a local Indonesian account so he could receive funds in rupiah faster and reduce unnecessary costs š
He was surprised because this method worked and was very effective.
Then he said, āWhere did you find out about this app?ā I just smiled and thought to myself...isnāt this an app pioneered by Chinese people? Iām not even a Chinese national and Iāve known about it for a long time, how could heābeing an actual Chinese personāstill not know? šš
$BTC $BNB @Yi He @CZ @Binance Pay Official
#SouthAfricaProposesCryptoExchangeControls
#SolanaCutsTargetSlotTimeTo250ms