What can I do with USDT$ after receiving it? How to turn it into a movie ticket or an actual cup of coffee? Maybe all you need is "crypto direct consumption"? and very simple
How to convert these cryptocurrencies into New Taiwan Dollars seems to be another road to Shu.
To answer @ Gray Blue ’s question, do you really need to convert it to New Taiwan Dollars? Maybe all you want is how to spend the money, that is, there is a simpler way to "crypto direct consumption". For most people who accidentally get some crypto money, you actually don't need to convert it to any country's legal currency.
After receiving USDT$ rewards and matching donations, although many people compare it to a movie ticket or a cup of coffee ( @Sunline ), how to go further, how to connect with the real world, and turn the paper numbers in the wallet into Into a cup of actual coffee, into a little happiness that can be felt in real life?
One way is to sell (withdraw money) on the exchange and then spend it, but it often requires KYC, that is, exchanges and banks face anti-terrorism and anti-money laundering regulations in various countries. They need to know your customer, register their real names, and upload various Certificate to prove that you are a real ordinary person and not a terrorist
Regulations vary from place to place, and many local banks in each country are often very sensitive to money coming from crypto exchanges.
(There is a risk. If you don’t do it well, your bank account will be closed. For example, Wise in the UK, formerly known as TransferWise, is very disgusted with cryptocurrencies. If you use the Wise card to receive a little bit, or spend a little bit to buy any crypto, your account will be closed)It is too troublesome and not cost-effective to go to a KYC bank to reveal a lot of personal information for just a few U$, ten to twenty U$;
On the other hand, there are now many websites where you can directly consume crypto. The earlier one was NewEgg, which allows you to buy electronic products online. More recently , Stripe will accept cryptocurrency payments again after 6 years. It will first support USDC . With this news, I believe Many online payment stores will soon follow suit. It shouldn’t be long before you can directly choose crypto to buy a single movie when you buy a Netflix subscription or Prime.
Another example is BitRefill, which I have been using for a while. You can use many kinds of crypto packages to expand USDT$ to buy various gift cards. Friends who live in the United States should be familiar with Gift Cards. They often give or receive Gift Cards on various occasions such as friends’ birthdays and company celebrations. Unless they are very close relatives and friends who can give physical gifts, if you are not familiar with them, you should still choose It is more friendly to send a Gift Card so that the other person can spend freely. Since the epidemic has been epidemic for three years, avoiding physical gifts has also made it more popular to purchase an eGift Card and send it directly to the other person's email. Gift Cards usually have a small face value, ranging from a few dozen to a maximum of 500 US$, so there is no need to register, that is, completely anonymous consumption, and the whole process is private and does not require KYC to disclose personal information. On the other hand, it is also because the U.S. economy has long been conglomerated by large enterprises. From online Amazon purchases, offline McDonalds/StarBucks dining consumption, to daily fresh food supermarkets such as high-end Whole Foods, low-end Kroger, and WalMart, all are group operations. You can buy GiftCard for consumption at BitRefill.
Register an account with your email and you can purchase a Gift Card and spend it at the store just like cash. Of course, the disadvantage is that if it is lost, it can be spent by anyone else. Like cash, it is anonymous and cannot be recovered if lost.
As shown on the cover, you are using crypto USDT$ to consume a cup of Sea Salt Caramel Coffee at 85°C Bakery Cafe in the United States (What is this in Chinese? Literal translation: Sea Salt Caramel Fresh Milk Coffee?)
Risk reminder: I personally don’t trust this type of crypto consumption website very much, because there have been too many rug & pull incidents on cryptocurrency websites. If you want to try it, it is recommended to start with a relatively small amount and an affordable loss. .
Disclaimer: This article was not sponsored by IT and does not constitute a recommendation for relevant websites.
I just happened to listen to a podcast today, which was an interview with someone related to BitRefill, and I also learned a little more about its background. Querying company information from Crunchbase Bitrefill shows that Bitrefill was founded in Sweden in 2014 and has gone through three rounds of financing and is now valued at over one billion US dollars. Has it been around for 10 years? Unbelievable: face-up 🤔
This podcast interview is with TracyJiang | Head of BitRefill UK. It is rare to hear a Chinese-speaking BitRefill insider describe it, and I am surprised to see a few examples mentioned casually. Vietnam’s foreign investment supervision has made Vietnamese credit cards cannot be used abroad and cannot purchase NetFlix content. Vietnamese people buy crypto and then buy NetFlix gift cards on BitRefill. Then they can buy NetFlix subscriptions to watch content. The same goes for El Salvador people, Cubans, and Africans. They are all using BitRefill to bypass the dilemma of foreign payments. Of course, she also talks a lot about her own crypto consumption experience in the UK.
Equally surprised, she also mentioned that BitRefill also sells some gift cards in China. Can they also be consumed anonymously? China is the most unfriendly place for cryptocurrencies and the most serious abuse of consumer privacy. Cash payments have become virtually unavailable because there is no change back in many places. It would be great if there was a BitRefill China gift card that actually worked, giving foreign tourists visiting China an additional way to avoid leakage of consumer privacy. @Shawn might also like the method of being able to buy a cup of coffee directly when receiving USDT$?
I also searched and found that BitRefill also sells 7-eleven-300nt-taiwan cards in Taiwan, priced at 9.83 U$ . This is roughly consistent with the current exchange rate. Payment can be made on many chains (including USDT$ on the OP chain and Polygon chain). In theory, with the Taiwan Seven gift card, you can buy anything online and pay at the Seven store? Magical Taiwan Seven 👍
https://www.bitrefill.com/tw/en/gift-cards/7-eleven-300nt-taiwan/ I wonder if anyone in Taiwan would like to try it?
I have bought various BitRefill cards many times here in the United States and when I went to Europe without any problems. Hong Kong and other countries in Southeast Asia depend on local people’s exploration. It also gives me some inspiration for “crypto consumer friendliness” when I visit Taiwan or other Asian countries next time. Ideas
(I heard that @yingshin is still in Thailand. Can you try https://www.bitrefill.com/th/en/gift-cards/food/ to find anything that can be eaten and used offline in Thailand? For example, this Starbucks 100THB ? )
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