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Author Topic: Using Crypto at a Non Profit?  (Read 206 times)
ricardobs
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March 27, 2019, 09:00:51 PM
 #21

The best coin for international transfer to any country of the world are the most popular coins that is been used by people in the world. Bitcoin and ethereum are the most popular coin in the crypto market and would be a very good start.

For the part of turning their coins into cash without going to the bank is already common by making use of exchanges that has the feature of withdrawing crypto coin directly to a fiat bank account or they can collect crypto debit card from any platform that supports it.
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March 27, 2019, 09:33:29 PM
 #22

I think that almost in every country has the opportunity to transfer crypto to Fiat money without the help of banks. Therefore, if the question is in the choice of crypto for this, then I definitely recommend using bitcoin.

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March 28, 2019, 08:03:50 AM
 #23

This is one of the solution crypto as brought into the financial institution, to create anonymous transaction and fast means of settling payments without any interference and I am glad you have also decided to come on board.

India is not a country new to crypto currency and I am sure they will sure have an exchange that will be able to convert your crypto to fiat but they might still have to pay directly into your bank, what I can always advise you to do is to learn to always split your funds when withdrawing into bank, it is when you pull fund heavily into an account that government will flag it down. Like in my country, I use remitano but research on them to see if they work in India too and other countries.
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March 28, 2019, 10:10:08 AM
 #24

Hey there. I work at a non profit and we help people throughout the world who are discriminated against, oppressed, and even killed for their ideals and beliefs. We have bases throughout the world and we transfer money to each of these bases. However, with governments/private banks being corrupt in these countries, sometimes these transfers are ceased.

We would like to utilize crypto currency to solve our problem. Do you have any ideas on the below question?

1.) What would be the best currency to use for international transfers from the US to places like India, North Korea, the Middle East.

2.) How could the recipients turn their crypto into cash without going through a bank? For example, if we sent 10,000 worth of Rupee to India via crypto, how would the end user convert this into Rupee in their country?

Thanks for any and all help!
You can visit the traders personally and can convert your bitcoins into cash but still it is not advisable since chance of scam are highly possible when we meet someone personally,for that you can use localbitcoin site which escrow your funds and you can release once your payment was confirmed.

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March 28, 2019, 12:15:20 PM
 #25

2.) How could the recipients turn their crypto into cash without going through a bank? For example, if we sent 10,000 worth of Rupee to India via crypto, how would the end user convert this into Rupee in their country?

IMO the only option is peer 2 peer trading, and by that I mean direct trade / trading on the spot, not using platform like Localbitcoins. In such countries, considering they're really oppressed by the government and there's a lack of innovation, I also believe there won't be any exchange that support direct withdrawal to their own bank account.
You are 100% right about that. Countries hit harder by political instability and financial constraints are not even aware of the cryptocurrency and its need. The government knows about it of course but I think that a country has to be in good shape in terms of both political and financial condition if they wants to avail the fruits of cryptocurrency in general and coins like Bitcoin and ETH in particular.

Using crypto for any kind of real life need, must have enough infrastructure to get familiar among common people. Withdrawing to bank account or buying with local fiats will be possible only when governments stand positive against cryptos even in the case the case of being neutral also will make it difficult.

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March 28, 2019, 01:13:37 PM
 #26

I believe that turning electronic money into fiat money without going through banks will soon happen. Currently we have XRP and soon there will be many types of crypto banks. they will continue to grow and create more ATMs and place it in some places so people can conveniently transfer money.
The problem here is just time and we need to wait another 3-4 years.

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March 28, 2019, 02:42:30 PM
 #27

2.) How could the recipients turn their crypto into cash without going through a bank? For example, if we sent 10,000 worth of Rupee to India via crypto, how would the end user convert this into Rupee in their country?

They just have to look for a local exchange in their country or they could just look for a person that is willing to trade their coins for their currency. About North Korea, I doubt that they can find a local exchange there.
North Korea will be a no go area at all, I learnt that they even ban the use of internet in North Korea and only permitted when authorized by the government, for a country that doesn’t use internet much, how would the citizens even be aware of cryptocurrency, in this quest for adopters of crypto, we just have to zero our mind on North Korea.

I think your suggestion is very wise to follow for him and I believe India will even be a very good place to be able to do such because of their population and their strong exposure to information technology and virtually they should have upto 10% crypto users there, just that they will be forced to sell their BTC at a very low price if they are to go by your method.




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March 28, 2019, 03:08:43 PM
 #28

Hey there. I work at a non profit and we help people throughout the world who are discriminated against, oppressed, and even killed for their ideals and beliefs. We have bases throughout the world and we transfer money to each of these bases. However, with governments/private banks being corrupt in these countries, sometimes these transfers are ceased.

We would like to utilize crypto currency to solve our problem. Do you have any ideas on the below question?

1.) What would be the best currency to use for international transfers from the US to places like India, North Korea, the Middle East.

2.) How could the recipients turn their crypto into cash without going through a bank? For example, if we sent 10,000 worth of Rupee to India via crypto, how would the end user convert this into Rupee in their country?

Thanks for any and all help!

You can use many options to send money abroad. Bitcoin, ethereum, dogecoin for example is a good example. Or you can use stablecoin like USDT. Btw, to avoid using banks in receiving cash after we convert our cryptos will be very difficult. Even peer to peer transactions will require a bank account at the end unless both the seller and the buyer know each other in real life.

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March 28, 2019, 03:40:24 PM
 #29


Name: globalsea
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new account

Hey there. I work at a non profit and we help people throughout the world who are discriminated against, oppressed, and even killed for their ideals and beliefs.

is something very good to help the people who need it


We have bases throughout the world and we transfer money to each of these bases. However, with governments/private banks being corrupt in these countries, sometimes these transfers are ceased.

if you have bases in all around the world and from what I understand you have already been able to send money to these bases of around the world, Why you need those information that you are asking for? How did you do to transfer money to the bases of around the world?

We would like to utilize crypto currency to solve our problem. Do you have any ideas on the below question?

you should seek a lawyer to have better clarification, because those countries you mentioned have quite tough laws against crypto

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March 28, 2019, 07:07:29 PM
 #30

Bitcoin would be the most suitable cryptocurrency for this. You could buy and sell Bitcoin anywhere in the world through peer-to-peer platforms like LocalBitcoin and paxful. If you can access these and similar websites in those countries, you probably would able to trade the with local traders on the platforms


Any alternative is cryptocurrency Ethereum. You can buy and sell it locally here: https://localethereum.com/



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March 29, 2019, 04:51:56 PM
 #31

I believe that turning electronic money into fiat money without going through banks will soon happen. Currently we have XRP and soon there will be many types of crypto banks. they will continue to grow and create more ATMs and place it in some places so people can conveniently transfer money.
The problem here is just time and we need to wait another 3-4 years.
This will really be difficult a bit to do, the moment government put eye on this, they will end up frustrating the invention of these ATM since they still have to take permission or license to build such at or operate a physical cryptocurrency bank, we might have 1 or 2 people already introduced it but you know the way we humans are.

A lot of people will hijack this idea and start inventing it till it becomes too popular that government will see it and start querying it since for now, most government are still not in support of cryptocurrency, and anything that also has to do with FIAT for now is fully controlled by them.

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March 31, 2019, 05:18:14 PM
 #32

Hey there. I work at a non profit and we help people throughout the world who are discriminated against, oppressed, and even killed for their ideals and beliefs. We have bases throughout the world and we transfer money to each of these bases. However, with governments/private banks being corrupt in these countries, sometimes these transfers are ceased.

We would like to utilize crypto currency to solve our problem. Do you have any ideas on the below question?

1.) What would be the best currency to use for international transfers from the US to places like India, North Korea, the Middle East.

2.) How could the recipients turn their crypto into cash without going through a bank? For example, if we sent 10,000 worth of Rupee to India via crypto, how would the end user convert this into Rupee in their country?

Thanks for any and all help!

I think it is very hypocritical to call someone using Crypto as a non-profit thing.
International transfers today ? i think crypto still ranked at the first place. Convert your crypto without bank. Im sure there's still a lot of people that sell services as crypto escrow. Of course its hard to find trusted one since no one's gonna end up in the jail because of big suspicious transaction like money laundring.
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April 01, 2019, 07:43:39 AM
 #33

Hey there. I work at a non profit and we help people throughout the world who are discriminated against, oppressed, and even killed for their ideals and beliefs. We have bases throughout the world and we transfer money to each of these bases. However, with governments/private banks being corrupt in these countries, sometimes these transfers are ceased.

We would like to utilize crypto currency to solve our problem. Do you have any ideas on the below question?

1.) What would be the best currency to use for international transfers from the US to places like India, North Korea, the Middle East.

2.) How could the recipients turn their crypto into cash without going through a bank? For example, if we sent 10,000 worth of Rupee to India via crypto, how would the end user convert this into Rupee in their country?

Thanks for any and all help!

Hhmm sounds a bit shady but to answer in general terms, as with most of the answers you got, bitcoin would be the most efficient coins for the moment. Probably ethereum as well but if you're going to have it converted in the receiver's location, i think it' easier if it's btc. And converting btc to cash won't require you to go to a bank lol. Your wallets would do that for you and banks would only be another option depending on what wallet you're using to receive the amount.

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