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I am just telling you what I have seen in my very own eyes here in my country.
Because of inflation, a lot of merchants have migrated to Binance and other exchanges in order to receive USDT and other stablecoins instead of our local currency.
I can understand the situation. When I visited Iran a few years back, the merchants were glad to trade in UAE Dirhams instead of the Rial. It would be great if you could advise them on how to safely store their assets on their own, rather than trusting a third party.
They go to their Binance wallet and print the USDT QR code, so they stick the picture of the QR by their countertable for clients to directly scan and send their payment to their wallets.
Given the huge popularity of Freebitcoin and the huge amount of trust they had been able to collect through all these years, I would not be surprised there could be people doing exactly what people do here with their Binance addresses.
A merchant that accepts
BTCitcoin usually convert it to their currency of preference immediately to maintain liquidity. Considering the volatility of the market, merchants will not risk to HODL for a longer period unless you are a corporate business.
Yes, it is a consequence of laziness and those merchants would be better off using a dedicated application to use as a wallet, but we are talking about people who dont know much about cryptocurrecy best security practices and prefer comfort over enhanced security. That is a fact.
The best practice is always not to get involved in something that you are not familiar with. If someone is running a legit business there are solutions for everything.
There are payment processors like BitPay and Coinbase Business that accept cryptocurrency and instantly lock the exchange rate of your preferred fiat currency. When all these facilities are available, why would anyone, just print out QR codes from exchanges or any third party wallets and risk losing your funds.

Years ago, how many members ever thought it was possible that Freebitcoin would employ these tactics? if this is what is happening, the website should be reported otherwise they will keep receiving deposits while they simultaneously claim to be checking tens of millions of accounts in order to process withdrawals. The situation is not good at all.
Once they launched their FUN token and raised millions of dollars, they started spending that money in buying real estate and started venturing into other businesses in Thailand. You can check out the owner of Hylife Group in Thailand and his other business ventures and he has diplomatic immunity. As expected the token, ended up as a failure, the writing was on the wall as they exhausted their liquidity and unable to pay their customers.
In hindsight, if you check the timeline, they pulled the plug in January 2024. Since they wanted to avoid any legal proceedings they somehow stick with the payments
TheQuin quit posting by April 30, 2024.
CSFBC took over with a new account on June 18, 2024. They gave everyone hope avoiding any legal action and dragged the situation out until Shubhodeep Prasanta Das got diplomatic immunity on July 9, 2025. They obviously knew about the diplomatic status months before that, since June 04, 2025 was the last date CSFBC logged into this forum.