I'm new to the stablecoin arena, and interested in learning if a stablecoin account can be used as a defacto global bank account - readily accessible and able to withdraw USD from various countries. By way of example, as a Canadian, can I open a Canadian-domiciled Coinbase account (or other platform, like Bianance), buy USDC (I understand Tether (USDT) is not available in Canada), then access this platform/account globally to withdraw USD? I'm looking for a solution to avoid high standard banking/ATM fees, brutal f/x rates, long settlement times for wire transfers, and the risks of carrying large physical sums of USD. My experience is that I can get much better USD f/x dealing with local merchants when travelling. Thoughts? Experiences?
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BRIAN.A.DAYES
@BRIAN.A.DAYES
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Hello fellow ILers, I am looking to spend July and August (I know, last minute) in Panama and I'm looking for recommendations for a one bedroom apartment, fully furnished with equipped kitchen, air conditioning and strong/reliable internet. Preferably looking for luxury, but depends on the cost. I've read several articles on Panama from IL - and flexibile of city location (Panama City, Coronado, Pedasi, David, Boquete, Volcan). Any recommendations (with price hopefully) would be greatly appreciated. Thanks in advance. Brian (from Canada).
Stablecoin platform as a global 'bank' account for long duration travel?
accommodations for 2 months